02:47 PM EDT, 08/13/2024 (MT Newswires) -- Tilray Brands, Inc. ( TLRY ) , a globtoday announced that the Company has entered Monday into a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company .

A statement noted the acquisition includes Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery. No transaction details were given.

But with the pending acquisition of these breweries, Tilray said its portfolio will expand across key beer markets adding 30% new beer buying accounts.

TLRY was at last look up near 5% at $2.56. Molson was up 1.4% at $72.50 on the TSX.

Price: 2.56, Change: +0.12, Percent Change: +4.92