Montauk’s Next Moves

Dear Client: There are few (if any) top craft brewers who haven't at least had some conversations with several potential partners or acquirers in this landscape of consolidation, complexity and regulatory ... magnetic poetry. So we asked Montauk brass yesterday why they chose to sell to global cannabis company Tilray, who of course entered the craft beer market in late 2020 (when it was Aphria) with the $300 million purchase of SweetWater.  "We haven't really been actively looking,” Montauk president