BUZZ: Medical Cannabis Company Buys Popular Texas Brewery
It Just Makes Sense To This Observer That Two Things People Use To Get A "Buzz" In Texas Might As Well Be Under The Same Umbrella.
Now I don't know if this is really their plan or not but it seems like medical cannabis companies are increasingly acquiring breweries, seeking to diversify their portfolios and capitalize on the growing demand for craft beer.
One of the Lone Star State's most popular breweries is about to have a new owner soon and their new bosses are not stopping here to acquire more breweries.
Revolver Brewing Was Founded In Granbury, TX.
Established in 2012, Revolver has producing high-quality, handcrafted beers using traditional brewing techniques and innovative brewing methods. From their flagship Blood & Honey American Ale to their seasonal offerings, Revolver's beers are known for their bold flavors and unique character.
In 2016, MillerCoors purchased Revolver from its founders who four years later stepped down. Revolver Brewing includes one brewery and one taproom and around 12,000 points of distribution across Texas, Oklahoma, and Louisiana.
Tilray Brands announced Aug. 13 that it has come to a definitive agreement to purchase Revolver and three other well-known beer brands from Molson Coors Beverage Company.
Tilray Brands is a company that supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages. Along with Revolver, they are also acquiring breweries in Georgia, Michigan, and Oregon.
After the transaction closes, Tilray will own 20 U.S. breweries, making them the fourth-largest craft brewing company in the country. And with marijuana legalization becoming closer to reality in a lot of states, the company is poised to be a dominant force in the future.
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