2023-08-08 09:22:11 ET
A well-known %Cannabis company is turning heads during Tuesday’s premarket hours after it was announced late yesterday that the company is to acquire eight Beer and beverage brands from Anheuser-Busch.
This announcement caused shares of %TilrayBrands (Nasdaq: TLRY) (TSX: ) to be bid up early Tuesday morning, with shares currently bid at $2.48/share (+11.71% implied open for sellers) at the time of writing.
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.