12:40 PM EDT, 06/04/2024 (MT Newswires) -- (Updates with Boston Beer's ( SAM ) comments in the fourth paragraph.)

The Chief Executive of Green Thumb Industries, Ben Kovler, sent a letter to Boston Beer ( SAM ) founder and Chair Jim Koch Sunday looking to discuss a potential merger, The Wall Street Journal reported Tuesday, citing the letter, which it has seen.

In the letter, Kovler described the possible benefits of a merger, such as allowing Green Thumb to get a listing on a major US exchange, the report said. Green Thumb is currently listed in Canada and over-the-counter in the US.

Also, the combined company would be able to launch innovative products in categories like prerolled joints, edibles and drinks and would have more resources to seek M&A deals, Kovler said in the letter, according to the report.

Boston Beer ( SAM ) declined to comment to MT Newswires.

Green Thumb didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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