Tilray’s shares struggle despite BrewDog deal

USA | The cannabis and beverage company Tilray Brands clinched a deal to buy parts of the insolvent BrewDog for a fraction of its previous valuation. But the transaction fails to excite its investors. Tilray’s share price fell 3.2 percent to close at USD 7.36 on 3 March. Management acknowledged that the acquisition will make a limited contribution to earnings in the short term. Only from the 2027 financial year onwards, the integration is expected to generate annual net sales of USD 200 million, and a modest EBITDA of between USD 6 million and USD 8 million.

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