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The Dublin-based group, which already held a minority share in the Scottish brewer, has paid £4.5m ($6m) for the brand.
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CEO Irwin Simon said the deal "represents another important milestone in advancing Tilray’s global beverage and consumer products strategy".
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Despite seeing volumes grow, Tequila had "the weakest price mix performance among all categories", according to the National Alcohol Beverage Control Association.
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The subsidiary of Sapporo Holdings said it had entered an “absorption-type” split agreement with Lifedrink.
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Weighing up the possible repercussions of the US-Israeli war with Iran is difficult but the conflict is another example of the geopolitical volatility facing business.
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Splash Beverage board member Brady Cobb said the proposed merger "marks the beginning of a new chapter for Splash".
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The US distribution giant said those charged "were not employed by Southern Glazer's at the time of the indictment".
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The Tuborg brewer's acquisition of Britvic has added close to one million tonnes of CO2e emissions to its value chain.
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