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Molson Coors, Hexo to Launch Colorado CBD Beverage Joint Venture

In a press release today, Molson Coors Brewing (NYSE:TAP) announced it has completed a deal which will see it launching Truss CBD USA, a joint venture in Colorado making non-alcoholic CBD beverages. Its partner for the planned enterprise is HEXO Corp (NYSE:HEXO), a major licensed consumer cannabis producer from Canada which has been in business since 2013.

Truss CBD USA will operate as a largely independent entity, complete with its own executives, board of directors, and marketing department. CBD or cannabidiol, a non-psychoactive extract of hemp, does not contain THC, and is legal in the state of Colorado where Truss CBD USA will be based. CBD is currently a fad item appearing in products from sparkling sodas and lattes to lotions and brownies.

https://www.fool.com/investing/2020/04/15/molson-coors-hexo-to-launch-colorado-cbd-beverage.aspx

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