ST. LOUIS — Anheuser-Busch Inc. has reached a deal to sell off eight of its brands, including several high-profile craft breweries acquired in the past decade, to a New York company that specializes in cannabis lifestyle products and packaged goods.
The deal between Tilray Brands Inc. and Anheuser-Busch involves A-B transferring ownership of beer brands Shock Top; Colorado-based Breckenridge Brewery; New York-based Blue Point Brewing Company; Seattle-based Redhook Brewery; 10 Barrel Brewing Company of Bend, Oregon; Portland, Oregon-based Widmer Brothers Brewing and Square Mile Cider Company, and San Francisco-based energy drink company HiBall Energy.
Terms of the acquisition were not disclosed in a news release by Tilray, which said the deal will make it the nation's fifth-largest craft beer company, up from ninth place. In addition to its cannabis-related holdings, it also owns several craft beer brands, including SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company and Green Flash Brewing Company.
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