In a move reflecting the continuing decline of Anheuser-Busch InBev, the once-patriotic beer giant has agreed to sell many of its craft beer brands to Canadian cannabis company Tilray for $85 million. The sale, which includes not just the brands but also employees, breweries, and brewpubs, marks another low point for the company following the infamous Dylan Mulvaney disaster.
The brands being sold include:
Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company and Hiball Energy.
The sale to a weed company, of all entities, exemplifies the outright collapse of what was once America’s favorite beer company. This is nothing short of a humiliating defeat for AB-InBev, and a striking example of how far the mighty can fall. It’s a disaster wrapped in a comedy for the once-proud Bud Light’s parent company. Truly, a sad day for those who believed in the integrity and American spirit of these beers.