Canopy Growth, Acreage plan U.S. launch of cannabis-infused beverages in 2021

Acreage Holdings

01/10/2020 14:10

Oct 1 (Reuters) - Canadian pot firm Canopy Growth Corp
 WEED.TO   CGC.N  and Acreage Holdings Inc  ACRGau.CD  plan to
launch the former's cannabis-infused beverages in the United
States next summer, the companies said on Thursday.
    Acreage expects to launch Canopy's select, sessionable THC
beverages in the summer of 2021 in legal adult-use markets in
Illinois and California. THC is the psychoactive 'high' inducing
part of marijuana. (nPn2ncT5ca)
    A growing number of companies are seeking to capture a
larger chunk of the U.S. cannabis industry, with the
recreational use of marijuana by adults now legal in 11
states.[https://reut.rs/348gywI
]
    "We see THC-infused beverages as a game-changer in U.S.
cannabis, and we are excited to launch Canopy Growth's unique
beverage offerings to our core markets offering the greatest
growth potential next year," said Bill Van Faasen, Interim CEO
of Acreage Holdings.
    In addition to selling products in its own dispensaries,
Acreage will also use the existing distribution channels through
strategic corporate relationships, the companies said in a joint
statement. 

 (Reporting by Shradha Singh in Bengaluru; Editing by Shailesh
Kuber)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
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