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Hamptons.com
November 7, 2022

Montauk Brewing Company Purchased by Cannabis Conglomerate, Founder Reassures Fears of Change

David Andrewsby David Andrews
in Community, Trending
Home Community
Montauk Brewing Company In Montauk

Legalizing recreational cannabis in New York has impacted life in many ways. While the expected changes are underway—CBD stores and plans for dispensaries on the East End—the move by Tilray Brands to purchase Montauk Brewing has caught many local beer lovers by surprise. The initial responses around the Hamptons have been a mix of happiness for the brewers and anxiety over what the sale will mean for the brewery’s future. 

 

At this time, no announcement has been made disclosing the details and financial terms of the deal.

 

Vaughn Cutillo, co-founder and Montauk local, has expressed excitement about the partnership while allaying fears that the brewery will change. Speaking over the phone to the East Hampton Star, Vaughn reassured locals that the business operations—including current staff and taproom. “I think it’s time that we have a really good, strong partner. We’re excited.”

 

“[Tilray] want us to run the business. They don’t want to shake things up. They obviously offer a lot of synergies in what they can offer in terms of distribution . . . but our team is staying on board. They want to keep everybody and grow the brand,” Vaughn told the East Hampton Star.

 

Since its opening in 2012, Montauk Brewing has enjoyed enormous success in New York and around the country. Driven by the popularity of its seltzers and ales, the brewery was listed in the Brewers Association’s top 50 sales by volume list in 2020. In 10 years as an independent firm, Montauk Brewery became one of America’s largest craft brewers. Montauk Brewing Company has more than 6,400 distribution points across retailers such as Target, Whole Foods, Trader Joe’s, Costco, and Walmart.

 

According to Forbes, Tilray Brands is the largest cannabis company in the world by total assets. Their purchase of Montauk Brewing, Metro New York’s biggest craft brewery, comes amidst a flurry of acquisitions to the firm’s already impressive portfolio of alcohol businesses. In 2020 and 2021 the company purchased other breweries and distilleries, including Sweetwater in Atlanta and Colorado’s Breckenridge Distillery.

 

Tilray’s CEO, Irwin D. Simon said in a press statement, “We are excited to welcome Montauk Brewing’s founders Vaughan Cutillo and Eric Moss, as well as Terry Hopper, Montauk Brewing’s General Manager, to the Tilray Brands family and I look forward to working closely with Ty Gilmore to maximize the performance of our enormously powerful craft and lifestyle beverage brand portfolio.”

 

Most importantly, will the cans still sport their iconic sailing flag motif? What will become of the down-to-earth vibes at the brewery in downtown Montauk? Will materials and be outsourced for cheaper alternatives? Most critically – will they still serve blue bags of Ruffles??

 

Social media has been buzzing since the announcement was made. 

 

  • “Good for MTK brewing but hopefully we can still all come as we are .”
  • “I feel good for them but another conglomerate owning a piece of Montauk…”. 
  • “They’re such a great little company. And to all the people who gave them flack – ha! Y’all can go home now.”
  • “I’m hoping this is a very early April fool’s joke!” 
  • “They wanna acquire a pickle company too???”

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East End Restaurant Old Stove Pub Opened in New York City

East End Restaurant Old Stove Pub Opened in New York City

  • 7 Lee Lane, Wainscott, NY 11975⁠
Saunders Exclusive: $8,875,000⁠
@hamptonsrealestate⁠
@vinceinthehamptons⁠
@paramountdevelopmentgroup⁠
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Ready for immediate occupancy and fully furnished. Stunning new construction from renowned Hamptons Paramount Development Group, South of the Highway in Wainscott.⁠
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Sited on a flag lot off the end of a cul-de-sac and surrounded by scenic easement, this brand-new home has 7,366 +/- sq. ft. of living space on 3 levels with 7 bedrooms, 7.5 baths, an attached 2-car garage, and heated saltwater pool with an optional pool house.⁠
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Seamless luxury inside and out is woven together for enviable entertaining and everyday, effortless comfort. Interiors are bright and inviting, filled with natural light throughout the contemporary open-concept floorplan.⁠
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The elevated primary suite has its own private balcony and a luxe bath. Additional bedrooms are spacious and comfortable, sure to impress your friends and guests.⁠
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Ready for everyday luxury living, the finished lower level includes a home gym, 2 bedrooms, a full bath, a recreation room, and sauna.⁠
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Easy indoor-outdoor living awaits as you dine al fresco in the backyard with an outdoor kitchen, lounge in the sun by the 20’x40′ heated, saltwater pool and wash off after a day at the beach with an outdoor shower.⁠
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Positioned perfectly just off the iconic Georgica Pond and surrounding estates, plus the world-class ocean beaches and the countless charms of Wainscott Village.⁠
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#newconstruction #hamptons #luxuryrealestate #wainscott #hamptonsrealestate
  • The reopening of the Sunset Theater marks a new chapter for a historically cherished cultural venue in Westhampton Beach, originally built in 1927. After what Founder and Managing Director Inge Debyser described as an extensive three-year renovation, the beloved movie theater officially reopened its doors at 2 Brook Road on Friday, April 25.⁠
@sunset.theater.whb⁠
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  • Nearly two years after its debut, El Verano offers a taste of upscale Mexican cuisine in a setting inspired by the charm of vacation summer homes in Mexico. Customers enter a vibrant space filled with beautiful greenery and colorful decor as they enjoy dishes rooted in the heritage of acclaimed chef Julian Medina.⁠
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Medina grew up in Mexico City, where his love for cooking first began. In pursuit of his career, he moved to New York City, where he graduated from the French Culinary Institute. Noticing a lack of refined Mexican dining in Southampton, Medina created El Verano to bring the bold flavors of his roots to the area. Blending Mexican coastal charm with rich culinary traditions, El Verano brings something new to the Southampton dining scene.⁠
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