Cannabis Briefs for May 18, 2021May 18, 2021
•Eric Sklar, cofounder and CEO of vertically integrated cannabis company Napa Valley Fumé and board member of the Napa Valley Cannabis Association, will join Straight Talk with Wine Spectator on Instagram Live, Tuesday, May 25 at 3pm ET, hosted by Wine Spectator senior editor MaryAnn Worobiec. Sklar and his family have grown grapes in the Napa Valley for four decades. In 2006, he cofounded Cabernet-focused Alpha Omega winery, and in 2017, shifted to cannabis production.
•Minnesota-based medical cannabis and CBD wellness company LeafLine has named drinks industry veteran Scott Schilling as CEO. Prior to joining LeafLine, Schilling served as chief marketing officer and general manager of Prestige Beverage Group. Before that he spent nearly 20 years at Diageo, rising to become senior vice president and head of innovation. “LeafLine is well-positioned in the marketplace as one of only two Minnesota companies with a license to produce, process, and distribute medical cannabis, and also manufactures two national CBD wellness brands with a strong retail presence,” said Schilling.
•Breakthru Beverage’s Canadian cannabis subsidiary Kindred has inked another partnership. This latest relationship is with Ayurcann Holdings, a Canadian extraction company specializing in the production of oils and other cannabis derivatives as a strategic partner to other licensed producers. The partnership will secure Ayurcann’s portfolio greater reach and visibility across Canada while offering access to Kindred’s industry intelligence and insights to better serve the adult-use market. “Ayurcann has seen tremendous growth since its initial launch and we’re excited for the future potential of their diverse portfolio and its ability to meet evolving consumer demands,” said David Prodanovic, EVP, general manager of Kindred Partners.
•Canadian cannabis producer Hexo has announced plans to open its first facility in the U.S. The 50,000-square-foot facility is located in northern Colorado and will be put to use producing cannabinoids. Most immediately, it will support Hexo’s joint venture with Molson Coors to produce CBD drinks under their Truss brand. Longer term, it will provide capacity to support future, non-beverage partnerships.
•Boston Beer Co., known for Samuel Adams, Truly Hard Seltzer, and Dogfish Head, among other brands, revealed last week that it’s opening a research hub in Canada aimed at the development of cannabis-infused beverages. Here’s the full story.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.
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