Tilray buys Breckenridge Distillery with plans for THC beverages upon federal legalization of cannabis

Tilray Inc. TLRY, +3.17% said Wednesday it'll wage an undisclosed sum for Colorado-based bourbon whiskey and trade spirits shaper Breckenridge Distillery. Tilray said the woody volition adhd to its Ebitda, but it did not supply a dollar figure. Tilray CEO Irwin D. Simon said the acquisition by the cannabis institution is aimed astatine leveraging its portfolio of U.S. brands to motorboat THC-based products upon national legalization of cannabis successful the U.S. Breckenridge Distillery laminitis and CEO Bryan Nolt said the company's occurrence volition "unquestionably payment from entree to Tilray's planetary organisation web and opportunities to grow into cannabis and edible-related products successful the U.S." The sellers of Breckenridge were led by Sababa Partners I LLC, an entity controlled by Sir Martin E. Franklin. Tilray shares roseate 1.4% successful pre-market trades.