Molson Coors, Hexo to launch CBD water, THC drinks later this year [Business News Network (BNN) Energy & Resources (Canada)]
Molson Coors Beverage Company Molson Coors Brewing Company Class A (TAP.A)
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Source: Business News Network
Molson Coors, Hexo to launch CBD water, THC drinks later this year TORONTO -- The joint venture between beer giant Molson Coors and pot producer Hexo Corp. says its portfolio of pot-based drinks set to hit the market later this year includes a CBD-infused spring water as well as beverages containing THC. The announcement by Truss Beverage Co. comes one week after its competitor Fluent Beverage Co. -- a joint venture between the world's largest brewer Anheuser-Busch InBev and B.C. pot company Tilray Inc. -- said it was launching CBD drinks as early as December, but it was not yet able to develop a formulation for THC. Truss chief executive Brett Vye said it has developed a beverage containing tetrahydrocannabinol (THC), the compound in cannabis that produces a high, and it aims to launch various drinks containing the active ingredient by December. He noted that the cannabis beverages joint venture was launched roughly one year ago, and innovation teams had already been working on devel
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