BrewDog bought by US cannabis and drinks firm for £33m, costing nearly 500 jobs
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US cannabis and drinks firm Tilray acquired BrewDog's UK and Irish assets for £33 million. The deal, finalized after BrewDog faced five years of losses and controversies, includes the brand, intellectual property, UK brewing operations, and 11 bars, preserving 733 jobs. However, it also entails the closure of 38 bars and the loss of 484 jobs. BrewDog's administrators stated that no bids were made to preserve the company in its entirety. Over 200,000 crowdfunders, who invested with the hope of a lucrative stock market float, will receive nothing. The trade union Unite criticized the deal and BrewDog's management, citing reckless expansion and failed strategies as the cause of the company's decline.
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