TLRY - Tilray Brands Seizes 40% Of Canada's Cannabis Beverages Market Share By Acquiring This Company | Benzinga
In a significant expansion of its cannabis beverage operations, Tilray Brands Inc (NASDAQ:TLRY) has officially completed its acquisition of Truss Beverage Co. from Molson Coors Beverage Co (NYSE:TAP). This strategic move, announced on Wednesday, cements Tilray’s dominant position in the Canadian cannabis beverage market, boosting its market share to approximately 40%.
Enhanced Operations And Market Leadership
The acquisition of Truss Beverage brings several critical advantages to Tilray. Key among them is the bolstering of Tilray’s beverage operations in Canada. Since August 2023, the company has transitioned all cannabis beverage operations to its London, Canada manufacturing facility, optimizing ...