Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer on the Future of Cannabis-Infused Beverages

Video Credit: The Street - Duration: 02:52s - Published < > Embed
Jim Cramer on the Future of Cannabis-Infused Beverages

Jim Cramer on the Future of Cannabis-Infused Beverages

Tilray is Real Money's stock of the day.

Canadian cannabis company Tilray (TLRY) announced Thursday that it was teaming up for a product research deal with AB InBev (BUD) one of the world's largest brewers, reported TheStreet contributor Scott Van Voorhis.

The research partnership will explore non-alcoholic beverages that contain THC and CBD, both key chemicals found in marijuana but with very different effects.

THC is the psychoactive chemical in marijuana the produces the high, while CBD is non-psychoactive and blocks the high.

Gatorade-Like Cannabis Drink to Soothe Aches?

Constellation Brands Says 'Yes' The companies said the partnership is confined to Canada, where, unlike the U.S., marijuana is now legal at the federal level.

Decisions about the commercialization of the research will be made in the future.

As part of the deal, each company will pitch in $50 million, with Tilray taking part through its subsidiary, High Park Co., which develops, distributes and sells cannabis products in Canada.

"We are delighted to be joining forces with a world-leading beverage company, AB InBev, to research how to create enjoyable cannabis beverage products," said Brendan Kennedy, CEO of Tilray, in a press release.

Canopy Growth CEO: Here's What the Future of Cannabis Looks Like for Investors Cramer expressed interest in the deal, especially because Constellation Brands and Canopy Growth both spoke at Cramer's Teach-In back in October.

At the event, Cramer had asked Bill Newlands, COO of Constellation, and Bruce Linton, CEO of Canopy, how the companies plan on monitoring the strength of the beverages.

Constellation Brands COO Discusses Investing in Canopy Growth The response?

The companies are still testing out different metrics to understand the potency of the drinks.

This, according to Cramer, is one key that all of the companies will have to work out before introducing beverages to the market.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

ESG Investors Aren't Riding With Tesla While Elon is Driving [Video]ESG Investors Aren't Riding With Tesla While Elon is Driving

Despite his noble ambitions of creating a cleaner world, ESG investors aren't overly impressed with Elon Musk. The Tesla CEO has courted controversy in recent months, coming into social media-driven..

Credit: The Street     Duration: 01:02Published

Jim Cramer: What Uber and Pinterest's IPO's Mean for the Markets [Video]Jim Cramer: What Uber and Pinterest's IPO's Mean for the Markets

Are you ready for IPO season? Levi's officially started trading Thursday and Lyft is set to start trading soon, but what about two other highly anticipated IPO's? Uber's Ready to IPO Uber..

Credit: The Street     Duration: 02:32Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.