Yup. The budweiser made here is considered non-beer.
That’s what was so bizarre with “Light” beer in the first place. Budweiser historically was an imitation Pils, an ersatz beer made with Rice as an adjunct instead of Barley. It was already a very “Light” beer!
Then, in a marketing genius move, they further diluted it with the addition of filtered water. I tried to explain to people they are paying for a watered down light beer. Budweiser in longneck bottles was OK as a summer lawn-mowing beer, so long as it was ice cold.