Tilray to cease brewing at Terrapin site in US

Tilray Brands volition halt producing brew astatine its Terrapin installation successful Athens, Georgia arsenic the cannabis and beverages radical continues to "optimise" its US brew network.

In a statement, the radical said from 25 September, it volition determination "brewing accumulation from Athens to different breweries wrong our network".

It said the determination was portion of "ongoing efforts to optimise our brewing web and enactment our semipermanent operating model".

The Nasdaq-listed institution added: "With robust brewing operations crossed the country, this modulation allows america to proceed serving customers efficiently portion leveraging the standard and capabilities of our broader brewery footprint."

The taproom, warehouse and repack operations successful Athens "will stay unfastened and proceed serving customers from the existent location".

The Sweetwater and Montauk marque proprietor said: "Terrapin remains a beloved marque and continues to play an important relation successful our trade brew portfolio", adding its committedness to the marque and its consumers "remains unchanged".

The determination follows wider restructuring successful Tilray's beverage division.

In its 10-K filing astatine the extremity of July, the institution said restructuring activities successful its beverages operations were tied chiefly to "Project 420", a programme Tilray announced past twelvemonth done which the radical was looking to find synergies to boost the profitability of its drinks division.

Tilray said successful its 10-K the programme included the closure and consolidation of brewery and related facilities including Redhook, Terrapin, Atwater, Hop Valley and Revolver.

In July, the concern renamed its Revolver marque Revolver Beer and Spirits, expanding the marque into spirits.

Tilray besides sold Atwater Brewery successful June backmost to laminitis Mark Rieth for an undisclosed sum.

At the time, Tilray said the disposal supported its strategy to prioritise "high-performing brands, scalable operations and maturation crossed cardinal markets".

For the twelvemonth ended 31 May 2026, Tilray's beverage nett gross roseate 6% to $254m, portion gross nett fell 2% to $91.2m and gross borderline narrowed to 36% from 39%.

In the 4th quarter, beverage nett gross accrued 61% to $105.6m and gross nett roseate 62% to $40.6m, with gross borderline unchanged astatine 38%.

"Tilray to cease brewing astatine Terrapin tract successful US" was primitively created and published by Just Drinks, a GlobalData owned brand.