Tilray buys 57.5 per cent stake in Truss Beverage
By The Canadian PressBusiness Operations Beverages Editor pick Molson Coors Canada Tilray Brands Truss Beverage
Cannabis company Tilray Brands acquires the stake in Truss Beverage 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 bought eight beer and beverage brands from Anheuser-Busch Companies.
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