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Wednesday, June 19, 2024 8:50:56 PM
https://www.inside.beer/news/detail/canada-molsoncoors-sells-majority-stake-in-cannabis-company/
Less than one year after Molson Coors announced to exit Truss USA and the business with cannabiol infused beverages (CBD) in the United States (inside.beer, 17.11.2022), its subsidiary Molson Coors Canada has also sold its 57.5% stake in Truss Beverage Co, Canada.
Buyer is Tilray Brands, a cannabis-lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America. Tilray Brands closed in June its acquisition of Canadian cannabis producer Hexo Corp., thus giving it access to Hexo’s joint venture with Molson Coors, Truss Beverage Co. The acquisition created what Tilray described as “Canada’s largest cannabis company by revenue.” (inside.beer, 23.6.2023)
Tilray has recently expanded its product offerings and emerged as a prominent player in the consolidation of the US craft beer industry.
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