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Stock impact report

Sacked staff and 'punk' investors angry at Brewdog sale [Yahoo! Finance]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Brewdog staff and investors have reacted angrily to the sale of the company to a US company for £33m. The Aberdeenshire-based independent brewer and pub chain went into administration on Monday before parts of the business were bought by beverage and cannabis firm Tilray. The deal includes the company's UK brewing operations, brand, and 11 pubs, and saw 733 staff being transferred over to the new owners. But a further 38 bars - including branches in Aberdeen, Edinburgh and Glasgow - which were not included in the rescue deal immediately closed with the loss of 484 jobs. Brewdog's administrators, AlixPartners, confirmed that equity holders - including those who invested in the firm's Equity for Punks scheme - would see no return from the deal. Bars close and hundreds lose jobs as US firm buys Brewdog in £33m deal Scottish craft beer brand Brewdog put up for sale Staff were told of the closures and cuts by Brewdog chief executive James Taylor on Monday. Bryan Simpson, h Show less Read more
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