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Cannabis company Tilray Inc. TLRY, announced last week that it will pay an undisclosed amount for the Colorado-based Breckenridge Distillery that makes bourbon whiskey and craft spirits. Drinking with THC seems to be not far away for the cannabis producer.
Tilray CEO Irwin D. Simon said the acquisition aims to leverage its portfolio of US brands to launch THC-based products after federal legalization of cannabis in the US.
Breckenridge Distillery founder and CEO Bryan Nolt said the company's success will "undeniably" benefit from access to Tilray's global distribution network and opportunities to expand into cannabis in the US.
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