2 Reasons to Buy Tilray Brands Stock, and 1 Reason to Avoid It
Tilray Brands (NASDAQ: TLRY), a leading cannabis and consumer packaged goods (CPG) company, recently acquired eight beer and beverage brands from Anheuser-Busch (NYSE: BUD). Specifically, the Canadian CPG player purchased Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy, along with the breweries and brewpubs associated with these brands.
Is this business development transaction a thesis-altering move by the company's management team? Here are two reasons Tilray Brands stock stands out as a compelling buy in the wake of this transformational deal, as well as one big reason investors may want to keep their distance.
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Source Fool.com
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