Cannabis company Tilray Brands Inc. has signed a deal to acquire the stake in Truss Beverage Co. that it does not already own from Molson Coors Canada. The Tilray logo is show in this undated handout photo. THE CANADIAN PRESS/HO, Tilray *MANDATORY CREDIT*
LEAMINGTON, Ont. – Cannabis company Tilray Brands Inc. has signed a deal to acquire the stake in Truss Beverage Co. that it does not already own from Molson Coors Canada.
Financial terms for the 57.5 per cent stake in the cannabis-infused drink maker were not immediately available.
Truss brands include XMG, Little Victory and Mollo.
The company says cannabis-infused drinks present a significant opportunity for growth.
Tilray Canada president Blair MacNeil says the deal positions the company at the forefront of the sector.
Earlier this month, Tilray announced a deal to buy eight beer and beverage brands from Anheuser-Busch Companies LLC.
This report by The Canadian Press was first published Aug. 18, 2023.
Companies in this story: (TSX:TLRY, TSX:TPX.B)
