---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-027331"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:25:43.255427+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tilray closes $83.4M cash acquisition of 8 Anheuser-Busch craft beer brands

## Summary
- Acquired Shock Top, Breckenridge, Blue Point, 10 Barrel, Redhook, Widmer Brothers, Square Mile, HiBall.
- Deal closed Sept 29, 2023; purchase price $83.4M cash after working capital adjustment.
- Tilray becomes 5th largest U.S. craft brewer with 5% market share; pro forma beer revenue ~$250M.
- Borrowed $20M under existing credit agreement (Bank of America) to fund part of purchase price.
- Transaction is EBITDA accretive; Tilray expects synergies across procurement, logistics, supply chain.

## SEC filing metadata
- accession: 0001437749-23-027331
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000143774923027331/0001437749-23-027331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000143774923027331/tlry20230927_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-027331
- JSON: https://secwatch.observer/filing/0001437749-23-027331.json
- Plain text: https://secwatch.observer/filing/0001437749-23-027331.txt

## Key facts
- M&A Transactions
  Tilray Brands, Inc. completed an acquisition involving Anheuser-Busch Companies, LLC for approximately $83.4 million in cash (closed 2023-09-29).
  - Action: acquisition
  - Counterparty: Anheuser-Busch Companies, LLC
  - Consideration: approximately $83.4 million in cash
  - Closing: 2023-09-29
  source text: The AB Transaction closed on September 29, 2023. The purchase price paid to AB at closing was equal to approximately $83.4 million in cash, after giving effect to a working capital adjustment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000143774923027331/0001437749-23-027331-index.htm
- Material Agreements
  Tilray Brands, Inc. amended Second Amendment and Consent to Credit Agreement with Bank of America, N.A. (Administrative Agent) valued at Amendment and consent to credit agreement; $20 million borrowed (effective 2023-09-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. (Administrative Agent)
  - Value: Amendment and consent to credit agreement; $20 million borrowed
  - Effective: 2023-09-29
  source text: On September 29, 2023, Tilray and the other parties to that certain Credit Agreement, dated as of June 30, 2023, with Bank of America, N.A. (the "Administrative Agent") entered into a Second Amendment and Consent to Credit Agreement (the "Credit Agreement Amendment").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000143774923027331/0001437749-23-027331-index.htm
- Material Agreements
  Tilray Brands, Inc. amended First Amendment to Securities and Asset Purchase Agreement with Anheuser-Busch valued at Amendment to purchase agreement for AB transaction (effective 2023-09-29).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Anheuser-Busch
  - Value: Amendment to purchase agreement for AB transaction
  - Effective: 2023-09-29
  source text: On September 29, 2023, Tilray, Anheuser-Busch and the other parties to the Purchase Agreement entered into that certain First Amendment to Securities and Asset Purchase Agreement (the "First Amendment").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000143774923027331/0001437749-23-027331-index.htm

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