Craft beer icon BrewDog is being acquired by US cannabis and drinks firm Tilray Brands for around £33 million amid financial struggles. Key assets change hands as the Scottish brewer faces big changes.
Tilray (TLRY) narrows Q2 losses to $43.5M with 3% revenue growth driven by cannabis gains, though beverage sales decline 21% amid international expansion strategy.
President Trump signs an executive order to shift cannabis to Schedule III, potentially expanding medical use, research, and business opportunities nationwide.
Cannabis stocks jumped after reports that President Trump may push to reclassify marijuana to Schedule III, easing restrictions and boosting industry prospects.
