Cannabis company Tilray Brands Inc. has signed a deal to acquire the stake in Truss Beverage Co. 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 announced a deal to buy eight beer and beverage brands from Anheuser-Busch Companies LLC.
This report by The Canadian Press was first published Aug. 18, 2023.
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