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Tag Archives: Molson Coors

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PepsiCo joins Coca-Cola in exploring cannabis drinks

PepsiCo joins Coca-Cola in exploring cannabis drinks
The remarks come two weeks after PepsiCo's archrival Coca-Cola said it was studying "wellness beverages" that could include cannabidiol, or CBD, a non-psychoactive component in cannabis that is sold in a growing variety of consumer products. Molson Coors is also working with a Canadian company on cannabis-infused non-alcoholic beverages, while Constellation Brands has announced a hefty $4 billion investment in Canada's Canopy Growth in exchange for a 38 percent stake in Canopy.
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Cannabis-laced drinks could be a US$600M market in U.S. by 2022

Cannabis-laced drinks could be a US$600M market in U.S. by 2022
Canaccord sees the demand for beverages featuring CBD, or cannabidiol, the non-psychoactive compound in marijuana, reaching $260 million by 2022, up from the “negligible revenue” the limited number of drinks contributes now, while THC-based drinks could reach $340 million, up from $106 million expected this year.
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U.K. alcohol giant Diageo circling Canada for cannabis deals

U.K. alcohol giant Diageo circling Canada for cannabis deals
The entry of Diageo (DEO.N) – which sells big-name brands like Guinness beer and Crown Royal Canadian whisky – into the cannabis market would be another milestone in the burgeoning sector that has seen other major alcohol players such as Molson Coors Brewing Co. (TAP.N 1.09%) and Constellation Brands Inc. (STZ.N 0.57%) enter the space to fend off pot from cannibalizing alcohol sales. 
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Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages for the Canadian Market

Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages for the Canadian Market
Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), and leading Canadian cannabis producer, The Hydropothecary Corporation ("HEXO") (TSX: HEXO), are pleased to announce that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.  
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