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Tag Archives: TAP

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Molson Coors Canada and HEXO Launch Truss

Molson Coors Canada and HEXO Launch Truss
Oct. 4, 2018 /CNW/ - Molson Coors Canada (MCC), the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), and HEXO Corp. (TSX: HEXO) today announced that they have closed the transaction announced on August 1, 2018, 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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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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Coke eyes cannabis-infused drink market

Coke eyes cannabis-infused drink market
The potential product tie-up, reported by Canadian financial channel BNN Bloomberg, could help Coke’s efforts to overcome sluggish demand for its sugar-heavy sodas by diversifying into coffee and health-focused drinks.
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