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Stock impact report

Beloved brewpub chain is closing dozens of locations: here's why [Yahoo! Finance]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
If you're a fan of this popular beer brand, access to the beverage might be downsized where you're located. That's because the global brand BrewDog has closed 38 of its locations in the U.K. and has suddenly shuttered its Atlanta brewpub. The closures come after the craft beer boom has slowed down, including production failing, brewery counts shrinking and costs rising across the industry. After entering administration in the U.K. — a legal insolvency process — BrewDog was purchased by Tilray, an American beverage and cannabis company. “When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems," according to the U.K. government's official website During that process, an administrator is picked to manage the sale or shut down the brand. In BrewDog's case, Tilray boug Show less Read more
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