---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022325"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:32:15.101351+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tilray Brands to acquire eight beer/beverage brands from Anheuser-Busch for $85M cash

## Summary
- Acquires Shock Top, Breckenridge, Blue Point, 10 Barrel, Redhook, Widmer, Square Mile Cider, HiBall for $85M cash; expected close by end of Sept 2023.
- Deal positions Tilray as the 5th largest U.S. craft brewer with ~5% craft beer market share (up from 9th).
- Pro forma revenue for U.S. beverage alcohol segment plus acquired brands expected ~$300M; craft beer pro forma ~$250M.
- Transaction expected accretive to EBITDA; adds four production facilities and eight brewpub locations.
- Mutual termination fee of $4M; subject to regulatory approval and customary closing conditions.

## SEC filing metadata
- accession: 0001437749-23-022325
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000143774923022325/0001437749-23-022325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000143774923022325/tlry20230725_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022325
- JSON: https://secwatch.observer/filing/0001437749-23-022325.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022325.txt

## Key facts
- Material Agreements
  Tilray Brands, Inc. entered into Purchase Agreement with Anheuser-Busch Companies, LLC, Craft USA Holdings, LLC, Craft Brew Alliance, Inc. valued at $85 million (effective 2023-08-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Anheuser-Busch Companies, LLC, Craft USA Holdings, LLC, Craft Brew Alliance, Inc.
  - Value: $85 million
  - Effective: 2023-08-07
  source text: On August 7, 2023, Tilray Brands, Inc., a Delaware corporation (“Tilray”), entered into a securities and asset purchase agreement (the “Purchase Agreement”) by and among Anheuser-Busch Companies, LLC, a Delaware limited liability company, Craft USA Holdings, LLC, a Delaware limited liability company, Craft Brew Alliance, Inc., a Washington corporation (collectively, “AB”), Tilray and Tilray Beverages, LLC, a Delaware limited liability company and wholly owned subsidiary of Tilray.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000143774923022325/0001437749-23-022325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.