AB InBev in Tilray deal to tap cannabis drink market

Gluten-Free Edibles

Health Canada has released draft regulations for cannabis edibles and extracts, which include strict limits on dosage and ingredients. "We intend to develop a deeper understanding of non-alcohol beverages containing THC and CBD that will guide future decisions about potential commercial opportunities", Norrington said.

Brendan Kennedy, a chief executive of Tilray, said they were delighted to be joining forces with AB InBev to research how to create enjoyable cannabis beverage products.

Other U.S. beer manufacturers, including Heineken-owned Lagunitas and Craft Brew Alliance (31.4 percent owned by A-B InBev), have already experimented or are looking into the possibility of experiment with THC and CBD-infused beverages.

In the cannabis industry's largest investment, Corona beer maker Constellation Brands added $4 billion to its $200m investment in Canopy Growth in August to help fund the Canadian cannabis producer's global expansion.

2019 will likely be a proving year, said Phillips, as Canadian companies that have received investments will need to deliver results in the new adult use market in the early part of next year if they hope to be in a position to raise more money going forward. The bill would also exclude hemp from the Controlled Substances Act.

Meanwhile, shares of A-B InBev stock were up only slightly over its closing price of $68.80.

Health Canada
Big Pharma Picks up on Medical Marijuana

The agreement is exclusive in that Sandoz has promised not to partner with another pot company and Tilray has agreed not to partner with another pharmaceutical company on noncombustible products, according to MarketWatch. Decisions about commercialisation will be made later, as marijuana edibles and beverages won't be legal in Canada until next year.

The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market.

Tilray is a NASDAQ-listed company that conducts research, cultivation, production and distribution of cannabis and cannabinoids for medical-use in 12 countries. Each company intends to invest up to $50 million Dollars, for a total of up to $100 million USD.

Anheuser-Busch InBev and Tilray Inc. said each would invest $50 million in the project to study non-alcoholic drinks containing cannabidiol, or CBD, which some claim has calming and healing effects, and Tetrahydrocannabinol, or THC, the cannabis compound known for its psychoactive effects. Revenue from cannabis beverages could outpace the general demand for cannabis products by over two times, capturing 20% of the market for cannabidiol edibles by 2022, according to the analysts.

"Labatt is committed to staying ahead of emerging consumer trends".

AB InBev (BUD), the world's biggest brewer, said Wednesday that it's teaming up with Canada's Tilray (TLRY) to research cannabis-infused drinks.

Related News:



Most liked

Gender pay parity is 202 years away, WEF says
Japan received poor marks for political empowerment, such as the proportions of women among lawmakers and Cabinet ministers. The WEF has been trying to gauge gender-based disparities since 2006, when its first Gender Gap Index was published.

Director of football a "red herring" in Man United's Pochettino chase
In a surprise decision, Arsenal manager Unai Emery has dropped Mesut Ozil from the Gunners squad to face Tottenham this evening in their Carabao Cup quarter final at the Emirates this evening.

Michael Flynn’s former business partner charged with undisclosed lobbying for Turkey
According to the indictment, Rafiekian was vice chairman of Flynn's business group, the Flynn Intel Group. But administration officials dispute that there is a justifiable legal case for returning him to Turkey.

Juventus willing to bid £125m for Manchester United midfielder Paul Pogba?
Mourinho lasted for 2 years at United and won two titles, the English League Cup and the Europa League in his first season. United now sit sixth in the Premier League, 19 points behind English Premier League leaders Liverpool.

IPL 2019 Auction: 8 teams spend Rs 106.80 crore on 60 players
Sam Curran has been signed by Kings XI Punjab for $1,000,000 in the IPL auction, with Jonny Bairstow joining Sunrisers Hyderabad . The 12th edition of Indian Premier League , or IPL 2019 player auction is going to be held on December 18, 2018 , on Tuesday.

The Philippines’ Catriona Gray Wins Miss Universe 2018
Gray is reportedly named after her paternal grandmother, Catherine Gray, an immigrant to Western Australia from Scotland in 1952. Gray said during the pageant that working in a Manila slum had taught her to find beauty in hard situations.

Champions League last-16 draw: how and where to watch
They lost their first two games in the competition, but recovered well to finish second behind Barcelona in their group. In the first fixture drawn in Nyon on Monday morning, Premier League champions City were paired against Schalke.

Klopp calls Mourinho world’s most successful manager
Mourinho is not being helped by worsening injury problems, with nine players either doubtful or ruled out of Sunday's clash. Liverpool FC have failed to beat Manchester United in their last eight games in the Premier League .

Pelosi says House committee likely to ask for Trump tax returns
The key sticking point is how much money Congress should allocate for the President's long-promised wall at the US-Mexico border. On Tuesday, Trump sparred with Pelosi and Schumer over border security in a televised shouting match in the Oval Office.

Madhya Pradesh Cliffhanger: Congress One Short Of Majority But Claims Victory
Since 1998, the BJP and the Congress have been in power alternatively with neither party able to retain power for a second term. Congress is leading in 94 constituencies and BJP is ahead on 80 seats while as many as 14 Independents are surging ahead.

Theresa May defeats leadership challenge by 83 votes
In her speech following Brady's announcement, May also said a change of leader would wreak havoc on Britain's exit from the EU. Parliament has until January 21 to vote on the deal, a little more than two months before Britain's March 29 departure date.

Canada court grants bail to Huawei CFO; Donald Trump might intervene
Meng was arrested December 1 at the request of USA authorities as she changed planes in Vancouver on her way to Mexico. If found guilty, Meng, 46, could be sentenced to 30 years in prison for each fraud and conspiracy charge she faces.

Trump chief of staff: Speculation mounts over job
Sources told Reuters Mr Ayers would join a political action committee, assisting the President from outside the administration. He offered to become chief of staff temporarily, but Trump was firm on a two-year commitment, and talks fell apart.

Trump calls hush money payments a 'simple private transaction'
McCarthy served as assistant USA attorney for the Southern District for 18 years before leaving the Justice Department in 2003. The Justice Department accuses President Trump of directing illegal payments during the 2016 presidential campaign.

Marlboro-Maker Investing $2.4 Billion in Canadian Cannabis Producer Cronos
That will give Altria a 45% stake in the company, with an option for Altria to increase its stake to 55% over the next five years. The new relationship represents an "exciting new growth opportunity" and Cronos is backed by an "excellent management team".