Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
In a surprising twist, Tilray Brands Inc., a prominent cannabis company, buys eight iconic brewery brands from Anheuser-Busch. This move follows declining sales for the beer giant, making Tilray the nation's fifth-largest craft beer company.
The sale announcement came after Anheuser-Busch continued to experience a decline in sales following the drama involving its Bud Light beer. The St. Louis, Missouri-headquartered brewing company has reached a deal to sell eight of its brands, including those it acquired in the last decade.
Anheuser-Busch is set to transfer ownership of its Shock Top, Breckenridge Brewery, Blue Point Brewing Company, Redhook Brewery, Widmer Brothers Brewing, 10 Barrel Brewing Company of Bend, and Square Mile Cider Company to the New York-based group that sells cannabis lifestyle products and packaged goods. The Bud Light maker will also divest its HiBall Energy brand, the San Francisco-based energy drink producer.
Anheuser-Busch nor Tilray did not reveal the financial aspect and other terms of their acquisition deal, but the buyer is paying in all cash, with the deal expected to close this year. Moreover, it was agreed that the existing employees, brewpubs, and breweries associated with the sold brands are all included in the transfer of ownership. With the purchase, the latter is set to become the fifth-largest craft beer company in the country, moving up from ninth place.
"Tilray Brands reached out to us early this year with interest in purchasing these brands and breweries, and since then, we've had many positive conversations that led to today's announcement," Anheuser-Busch's The High End's president, Andy Thomas, said in a press release. "We are committed to working with Tilray Brands over the coming months to ensure this is a smooth transition for the people who are working every day to get these amazing beers and beverages to consumers across the U.S."
Photo by: Philip Leara/Flickr(CC0 1.0)
