New THC Beverage To Hit Shelves In Nevada Soon, New Frontier In Cannabis Consumption?
Portfolio Pulse from Jelena Martinovic
Cannabis beverage producer Nevis Brands Inc. has secured an agreement with Silver State Wellness to produce and distribute its 100mg THC beverage, Major, to Nevada cannabis retailers. The product will be available for sale by September 30, 2023. The trend of expansion into the beverage space is growing among cannabis companies, with Tilray Brands, Inc. recently acquiring the remaining 57.5% equity ownership of Truss Beverage Co. from Molson Coors Canada.
September 07, 2023 | 4:36 pm
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Molson Coors Canada has sold its remaining 57.5% equity ownership of Truss Beverage Co. to Tilray Brands, Inc.
The sale of Molson Coors' remaining stake in Truss Beverage Co. could potentially decrease its revenue and market share in the beverage industry, which may negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tilray Brands, Inc. has expanded into the beverage space by acquiring the remaining 57.5% equity ownership of Truss Beverage Co. from Molson Coors Canada.
Tilray's expansion into the beverage space through the acquisition of Truss Beverage Co. could potentially increase its market share and revenue, which may positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70