Business
Isodiol International Inc. & Brew Hub, LLC Announce Agreement for the Development of Hemp Beer and Related Functional Beverages
Isodiol International Inc. & Brew Hub, LLC Announce Agreement for the Development of Hemp Beer and Related Functional Beverages.
About this update from Isodiol International Inc
[{"type":"text","content":"\nBrew Hub and Isodiol intend to capitalize on their unique industry positions as craft brewing and cannabidiol (CBD) product leaders to capture diverse product opportunities in the growing alternative beverage market with a focus on innovative proprietary hemp ingredients\n VANCOUVER, British Columbia, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Isodiol International Inc. (CSE: ISOL) (OTCQB: ISOLF) (FSE: LB6B.F) (the “Company” or “Isodiol”) announced today that its wholly owned subsidiary, IsoBev International Inc. (“IsoBev”), has executed an agreement with Brew Hub, LLC (“Brew Hub”) for the exclusive development and manufacturing of hemp, cannabis, hemp-derived, and cannabis-derived beverages in what the companies believe is among the most significant alternative beverage deals in the industry. Brew Hub is an award-winning craft brewer and partner brewer for some of the most popular brands in craft brewing with the rare ability to maintain craft brewing standards at commercial scale.  Founded in 2012, Brew Hub operates through its taproom and pilot brewery in St. Louis, Missouri and its 100 bbl state-of-the art brewery in Lakeland, Florida.  At present, Brew Hub has a capacity of over 100,000 bbl per year with significant expansion capacity to meet future craft beer and alternative beverage demand.   Brew Hub is led by a team of experienced professionals with over 100 years of combined industry experience, including its Chief Executive Officer, Timothy Schoen, and its Chief of Brewing Operations, James “Otto” Ottolini.  Mr. Schoen is a former Vice President of AB InBev (formerly Anheuser-Busch), and his specialties include brand strategy and architecture, new product innovation, and creative development and production. Brew Hub is majority owned by The Yucaipa Companies, LLC (“Yucaipa”), which is an American private equity firm founded in 1986.  Yucaipa provides substantial financial strength, stability, and institutional support for Brew Hub’s short- and long-term business strategies. “We consider Brew Hub to be the preeminent 'Partner' brewing company in the craft beer space and to be among the few brewers able to anticipate industry trends and educate distributors and customers as those trends develop,” said Ma...