AB InBev Partners With Cannabis Producer TilrayDecember 20, 2018
AB InBev has partnered with Canadian cannabis producer Tilray to research and develop non-alcoholic cannabis drinks. The partnership, which is exclusive to Canada, is handled through AB InBev’s Labatt Breweries subsidiary and Tilray’s High Park Company (its subsidiary handling development, distribution, and marketing for its Canadian cannabis portfolio).
Each company has committed to investing up to $50 million to develop beverages containing cannabis compounds THC and CBD. Though the companies have announced their partnership, they note that the venture is currently in the research phase and any commercial launches remain a ways off.—Shane EnglishSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.