By Robb M. Stewart

Tilray Brands expects its newly-acquired BrewDog business to generate positive cash flows next year as it works rapidly to turn around the struggling beer operations and modernizes its portfolio of brewpubs.

Brewpubs refers to taverns where beer and ale is brewed on site.

The cannabis and brewing company on Wednesday laid out plans to accelerate growth globally, including efforts to rebuild BrewDog toward its earlier valuation of more than $1 billion before the Scottish business floundered and was sold.

Tilray, which was founded in Canada but is now based in New York, said it plans to expand BrewDog across the U.K., Australia, and the U.S.

It also aims to developing the brand in growth markets, including the Middle East and India.

Targeted investment will be made in the brand and the brewpub chain will be revitalized, after what the company said has been limited investment in recent years.

Tilray has built out its brewing operations in recent years, and has positioned itself as one of the largest craft beer companies in the U.S. with deals including an agreement earlier this year that gave it an exclusive multi-year license to produce, market and sell several Carlsberg brands in the U.S. from next year.

The company said it is seeing strong and growing demand for its American craft beer portfolio in the U.K. and it is leveraging its infrastructure and distribution network to scale up its broader beverage portfolio.

Tilray in March completed the acquisition of BrewDog's U.K. brewing operations and 11 brewpubs. In the same month it wrapped up the purchase of BrewDog operations in Australia and reached a deal for the U.S. assets.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

April 15, 2026 08:29 ET (12:29 GMT)

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