Tilray Manufacturers will cease producing beer at its Terrapin facility in Athens, Georgia because the hashish and drinks group continues to “optimise” its US beer community.
In an announcement, the group stated from 25 September, it is going to transfer “brewing manufacturing from Athens to different breweries inside our community”.
It stated the transfer was a part of “ongoing efforts to optimise our brewing community and help our long-term working mannequin”.
The Nasdaq-listed firm added: “With strong brewing operations throughout the nation, this transition permits us to proceed serving prospects effectively whereas leveraging the dimensions and capabilities of our broader brewery footprint.”
The taproom, warehouse and repack operations in Athens “will stay open and proceed serving prospects from the present location”.
The Sweetwater and Montauk model proprietor stated: “Terrapin stays a beloved model and continues to play an essential position in our craft beer portfolio”, including its dedication to the model and its customers “stays unchanged”.
The transfer follows wider restructuring in Tilray’s beverage division.
In its 10-Okay submitting on the finish of July, the corporate stated restructuring actions in its drinks operations have been tied primarily to “Mission 420”, a programme Tilray introduced final yr by way of which the group was trying to discover synergies to spice up the profitability of its drinks division.
Tilray stated in its 10-Okay the programme included the closure and consolidation of brewery and associated amenities together with Redhook, Terrapin, Atwater, Hop Valley and Revolver.
In July, the enterprise renamed its Revolver model Revolver Beer and Spirits, increasing the model into spirits.
Tilray additionally offered Atwater Brewery in June again to founder Mark Rieth for an undisclosed sum.
On the time, Tilray stated the disposal supported its technique to prioritise “high-performing manufacturers, scalable operations and progress throughout key markets”.
For the yr ended 31 Could 2026, Tilray’s beverage web income rose 6% to $254m, whereas gross revenue fell 2% to $91.2m and gross margin narrowed to 36% from 39%.
Within the fourth quarter, beverage web income elevated 61% to $105.6m and gross revenue rose 62% to $40.6m, with gross margin unchanged at 38%.
“Tilray to stop brewing at Terrapin website in US” was initially created and revealed by Simply Drinks, a GlobalData owned model.
