Cannabis Briefs for October 8, 2019October 8, 2019
•Arvada, Colorado-based Ceria Brewing has named Greg Miller as vice president of business development. Miller joins from MillerCoors, where he held a variety of roles over his 25-year tenure, most recently director of national accounts, casual dining, and on-premise. He will now be responsible for development and expansion of Ceria’s portfolio in the U.S. In addition to Ceria’s flagship cannabinoid-infused Grainwave Ale, the brewery plans to release a non-infused, non-alcoholic variant, Grainwave NA, by the end of the year for eventual national distribution.
•Vancouver, British Columbia-based Pasha Brands has acquired the Beard Brothers Collective, a brand specializing in cannabis extracts. Financials weren’t disclosed. Founded in 2014 by brother and sister Bradley and Elissa Macauley, Beard Brothers has worked extensively in medical marijuana, developing concentrates and extraction technology. Pasha plans to release products under the label for recreational use across Canada in the coming months. Pasha also announced the appointment of Southern Glazer’s executive vice president Doug Wieland to its board of directors. In July Pasha aligned itself with Southern’s Canadian cannabis unit Great North Distributors.
•Seedo, an Israeli agritech company specializing in automated growing technologies, has appointed Jakob Ripshtein to its advisory board. Seedo bills itself as providing artificial intelligence-powered systems that enable both average consumers and large-scale producers the ability to grow large yields of lab-grade herbs and vegetables. Ripshtein was previously president of Aphria before leaving last June. Before that he held a variety of roles at Diageo, including CFO of Diageo North America.
•Canopy Growth has completed an all-cash transaction to purchase a 72% stake in BioSteel Sports Nutrition, a sports drink producer. Founded in 2009, BioSteel has strong ties to major league organizations like MLB and the NHL. The move gives Canopy Growth a foothold in the sports nutrition market from which they plan to launch CBD-infused sports drinks. “We view the adoption of CBD in future BioSteel offerings as a potentially significant and disruptive growth driver for our business,” said Canopy CEO Mark Zekulin. Financial terms were not disclosed.
•Cannabiniers, the San Diego-based makers of Two Roots infused beers, among others, has entered into an exclusive distribution agreement with Continuum, the California distribution subsidiary of Origin House. The initial terms set the agreement at one year. Continuum will distribute Two Roots, newly launched sparkling water brand Creative Waters, and the Baskin brand of face creams, tea, and bath bombs, among other products, within California.
•The FDA has issued a statement in response to the ongoing vaping crisis, advising the public to abstain from any vaping products containing THC. Although the agency emphasized that the public should particularly avoid illicit vaping products of all kinds, the advisory not to use legal THC vaping products marks a new step in efforts to rein in an outbreak of respiratory illness that now has sickened more than 1,000 people in 48 states and killed 18, according to the CDC. Approximately 70% of patients are male and approximately 80% are under the age of 35. Oregon joined Washington, New York, and Massachusetts on Friday when it enacted a 180-day ban on all flavored vaping products.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.