Tilray stock price drops, BrewDog acquisition deal faces investor skepticism

LootboxPhobia · 2026-03-03T06:38:23+00:00

Tilray Brands Inc acquires a portion of BrewDog's assets for £33 million, including global brands and 11 brewing bars, with an expected net revenue of approximately $200 million in fiscal year 2027. This acquisition expands Tilray's beverage business to $500 million in annual revenue and is expected to achieve positive cash flow after integration.

LootboxPhobia

2026-03-03 06:38:23

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Investing.com – Tilray Brands Inc (NASDAQ:TLRY) stock fell 3.9% on Monday after the company announced it completed a £33 million acquisition of certain assets from BrewDog.

The acquisition includes BrewDog’s global brand and intellectual property, its UK brewing operations, and 11 brewing bars located in the UK and Ireland. The acquired assets are expected to generate approximately $200 million in annual net revenue and $6 million to $8 million in adjusted EBITDA in fiscal year 2027.

Tilray paid £33 million to acquire BrewDog’s global intellectual property, UK brewing operations, and 11 brewing bars, including locations in Birmingham, Canary Wharf, Dublin, Edinburgh, Manchester, and London. The company is separately negotiating the acquisition of BrewDog’s assets in the US and Australia, with the transaction expected to close within about 30 days.

This deal expands Tilray’s global beverage platform to approximately $500 million in annual revenue. The company expects that, upon completion of the acquisition, its combined annual net revenue will reach about $1.2 billion.

Founded in 2007, BrewDog has become one of the largest independent craft beer brands in the UK, with products including Punk IPA, Hazy Jane, Lost Lager, and Wingman.

Due to the typical licensing transfer timeline, Tilray does not expect significant EBITDA contribution in the fourth quarter of fiscal year 2026. With the implementation of integration initiatives and operational efficiencies, the acquired business is expected to generate positive cash flow starting in fiscal year 2027.

Jefferies LLC served as financial advisor for this transaction, and Proskauer Rose LLP acted as legal counsel.

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