Business
Cannabeers Coming Soon; CBD Beer Now In Development and Ready for New Markets
Cannabeers Coming Soon; CBD Beer Now In Development and Ready for New Markets.
About this update from American Premium Water Corporation
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, March 18, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at how the craft beer industry and the CBD sector are joining forces to bring CBD infused beer to consumers.\n New Frontier Data estimates that overall domestic cannabis sales grew 6.7% in 2018, while alcohol sales grew at 5% year over year (source: bw166). It’s clear to see why the marrying of the two sectors is underway. Craft beer and cannabis seem to be moving forward hand-in-hand as more and more cannabis companies look for partnership agreements with public or private brewers to bring CBD-infused beers to market. This has come in many forms including Province Brands’ beer brewed directly from cannabis and hemp, or Michigan’s Founders Brewery which is working with CBD oil in their beers. In October 2018, Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company and HEXO Corp. (TSX: HEXO) (NYSE:HEXO) announced the formation of their joint venture, Truss, led by former Molson Coors executive, Brett Vye, in the role of Chief Executive Officer. Since this news however, Hexo has been quiet on its CBD Beer venture and we will most likely have to wait until closer to October of this year, when Canada is expected to legalize infused beverages and edibles, to hear more news on this front. American Premium Water Corporation (OTC: HIPH) may not be waiting until October to have products hit shelves, as they recently announced an agreement with Hanlons Brewery in England to produce beer infused with CBD using the Company’s proprietary formulation. Testing will begin immediately on the combination of the Company’s proprietary hydro-nano CBD formulation with Hanlon’s beer, with commercial sales to be determined at a later date. CEO of American Premium Water Corporation, Ryan Fishoff commented, “I am excited to announce that the Company has entered to an agreement with Hanlons brewery in the UK. This is a very exciting partnership that provides numerous possibilities for monetization, and brand recognition on the European continent. The liquor and beer industry has been very fascinated with the introduction of CBD into the market, and this partnership affords us the opportunity t...