Tilray buys Breckenridge Distillery with plans for THC beverages upon federal legalization of cannabis
Tilray Inc. TLRY,
Breckenridge Distillery founder and CEO Bryan Nolt said the company’s success will “unquestionably benefit from access to Tilray’s global distribution network and opportunities to expand into cannabis and edible-related products in the U.S.” The sellers of Breckenridge were led by Sababa Partners I LLC, an entity controlled by Sir Martin E. Franklin. Tilray shares rose 1.4% in pre-market trades.