Shares of Tilray Brands (TLRY) took a dip on Monday, which is the kind of thing that happens sometimes when you announce you just spent millions to buy a bunch of beer. The company closed its acquisition of BrewDog's global craft brand assets for about 33 million pounds, or roughly $44.11 million if you prefer your currency in dollars.

This isn't just about buying a few pubs. Tilray is getting BrewDog's UK brewing operations and eleven strategic brewpubs. The thinking here, apparently, is that this will add around $200 million in annual net revenue to Tilray's top line. When you're trying to grow, $200 million is a nice round number to aim for.

The bigger picture, according to the company, is that this deal helps push Tilray's total global consolidated net revenue toward approximately $1.2 billion on an annualized basis. That's the kind of math that gets CEOs excited.

Irwin Simon, Tilray's Chairman and CEO, was pretty clear about why they did this. "With the BrewDog acquisition, our total global beverage platform is expected to grow to ~$500 million in annual revenue, creating one of the largest diversified craft beverage platforms globally," he said. The idea is to refocus BrewDog on what it does best—making craft beer—while using its established brand and distribution to drive profitable growth in the UK and internationally.

So, strategically, it makes sense: buy a known brand, bolt it onto your existing business, and try to make the whole thing bigger. The market, however, wasn't exactly throwing a party. Tilray shares were down about 4.32% to $7.53 when the news hit.

What the Charts Are Saying

If you're the type who looks at stock charts, the picture for Tilray isn't exactly rosy at the moment. The stock is trading 9.8% below its 20-day simple moving average and 4.1% below its 100-day average. That generally suggests a bearish trend in the short term.

Over the past year, the shares have decreased, and they're currently hanging out closer to their 52-week lows than their highs. That's usually a sign that investors have been, let's say, cautious.

The Relative Strength Index (RSI) is sitting at 44.45, which is in neutral territory—not overbought, not oversold. The MACD indicator wasn't available for analysis, which makes getting a full read on momentum a bit tricky. The takeaway? Mixed signals, and probably a good reason for traders to stay on their toes.

For those watching the levels, key resistance is up at $8, while key support sits down at $6.50. Where it goes from here is anyone's guess, but for now, the stock is under a bit of pressure even as the company makes a big bet on beer.