drinks that other public companies are talking about - in California where it’s already legal. For example they have a cannabis margarita made by a tequila formulator using the same flowers and overall recipe, but with no alcohol, and cannabis added. Tinley, to my knowledge at time of writing, is the only pure play hemp and cannabis infused drink stock, which is important because they likely will not be affected by the declining margin of large grow ops because they source THC on the open market where there’s over supply (California) - where market prices at times may be below the all-in cost to grow, cultivate, and process.
On August 17th, WeedMD and Phivida announced that their aforementioned agreement to produce a cannabis infused beer has progressed and that they have signed a definite agreement on Cannabis Beverages Inc (Click Here).
On August 20th, Isodiol International Inc announced that it was entering the hemp beer and related functional beverage space (Click Here).
Cannabis beer producer Province Brands of Canada secures $8.4M (Click Here). Please see our case study last month for more on Province Brands.
All of the above instantly validated what we have told you since early 2016 that others have only recently realized and that is the infused beverage space represents tremendous opportunity.
You know from last month that smoking and vaping are on the decline and that 50% or more of eligible Canadians polled stated that they will try legal cannabis in an edible or beverage form when able to.
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