Budweiser’s Parent Company Enters $100 Million Deal with Cannabis Producer

Budweiser's Parent Company Enters $100 million Deal with Cannabis Producer

On Wednesday, Belgium-based Anheuser-Busch InBev joined the ranks of other beverage giants that have inked deals with Canadian cannabis companies this year. Partnering with Tilray, Inc. AB InBev will match the company’s $50 million contribution, bringing the total investment in the partnership to $100 million. Those funds will support research into non-alcoholic cannabis-infused drinks. So far, however, the two companies have no immediate plans to commercialize any beverage the project might develop.

Click here to read the article by Adam Drury on High Times:

Share this Post

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.