US cannabis and drinks firm Tilray, which took over in March, says it will improve beers, pubs and working conditions

BrewDog’s new owner has urged drinkers to give the ailing brand “a second chance” as it invests more than £50m in improving the company’s beers, pubs and working conditions.

The US cannabis and drinks company Tilray bought BrewDog for £33m in March this year, after the company collapsed into administration after five years of losses and a series of controversies relating to the treatment of workers under the founder James Watt.

Exclusive: Watchdog asked to look into how James Watt got data of ex-crowdfunders he invited to join buy-back bid

James Watt, the BrewDog founder who sold the debt-laden “punk” brewer earlier this year, is the subject of complaints to the UK’s data privacy watchdog linked to his surprise bid to buy the company back, the Guardian has learned.

BrewDog’s brand, intellectual property, UK breweries and 11 bars were sold to the US cannabis and drinks firm Tilray in March for £33m, in a deal that rendered the shares of more than 200,000 crowdfunding investors worthless.

Self-styled ‘punk’ beer company bought land in 2020, pledging to plant Scotland’s ‘biggest ever forest’

The self-styled “punk” beer company BrewDog sold its Highland estate for a knockdown price after abandoning its efforts to plant Scotland’s “biggest ever forest” there.

BrewDog’s co-founder James Watt claimed its Lost Forest project at Kinrara in the Cairngorms national park would cover a “staggering area” and capture tens of millions of tonnes of CO₂ during its lifetime.