VANCOUVER, British Columbia, March 11, 2019 (GLOBE NEWSWIRE) -- As consumer awareness around CBD continues to grow, cannabis companies are beginning to allocate an inordinate amount of investment capital into the development of CBD-infused beverages.
In this report, we explore some of the largest and most active companies preparing to make their mark on the dawning CBD-infused beverage market.
Canopy Growth Corp.
Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) is a world-leading diversified cannabis and hemp company with ten licensed cannabis production sites and over 4.3 million square feet of production capacity.
Thanks to a hefty C$5 billion investment from New York-based alcohol beverage giant Constellation Brands (NYSE: STZ and STZ.B), Canopy Growth is already considered one of the most likely cannabis companies to lead the CBD-infused beverage industry.
Constellation Brands has more than 100 alcohol beverage brands in its portfolio, including household names like Corona and Modelo Especial.
But Canopy Growth’s investment relationship with New York isn’t entirely one-sided.
Following the passage of the U.S. Farm Bill, Canopy Growth announced a commitment to invest between US$100 million and US$150 million in New York in order to establish a “Hemp Industrial Park”. According to a recent interview with Canopy Growth CEO Bruce Linton, the company’s N.Y. hemp operation will mirror its 190 million sq. foot (4500 acres) Saskatchewan hemp divisio
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