In its Q4 results, Tilray said the group accelerated its beverage strategy through the acquisition of BrewDog, creating a ‘pro forma global beverage platform’ of approximately $500m, and adding one of the world’s leading craft beer and hospitality brands.
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It said in just a few months of ownership, Tilray had stabilised the business, improved performance and positioned BrewDog for profitability, while leveraging its ‘iconic pub network and experiential consumer platform’.
Beverage revenue rose 61% in the fourth quarter to $105.6m. Group net revenue hit a record $915.5m, up 11% and CEO Irwin Simon said he expected Tilray to clear $1bn in fiscal 2027.
- This story originally appeared in The Morning Advertiser’s sister publication MCA. Read the full story here.
