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Truss CBD USA, a Molson Coors and HEXO Corp Joint Venture, Launches Veryvell™ Sparkling CBD Water in Colorado

Truss CBD USA, a joint venture majority owned by Molson Coors Beverage Company (“Molson Coors”) and operated in partnership with HEXO Corp, today announces the U.S. launch of Veryvell™, a new line of non-alcoholic, sparkling CBD beverages, exclusively available in Colorado. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210113005291/en/ Veryvell™ is a hemp-derived, adaptogenic, […]

The post Truss CBD USA, a Molson Coors and HEXO Corp Joint Venture, Launches Veryvell™ Sparkling CBD Water in Colorado appeared first on Technical420.

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Truss CBD USA, a joint venture majority owned by Molson Coors Beverage Company (“Molson Coors”) and operated in partnership with HEXO Corp, today announces the U.S. launch of Veryvell, a new line of non-alcoholic, sparkling CBD beverages, exclusively available in Colorado.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210113005291/en/

Veryvell is a hemp-derived, adaptogenic, sparkling CBD water infused with a crisp taste, zero calories and zero sugar. Veryvell is now available to Colorado-based consumers both online and at select retailers in Colorado in three flavors: Focus (Grapefruit Tarragon), Mind & Body (Strawberry Hibiscus) and Unwind (Blueberry Lavender).

“Last year, we redefined ourselves as Molson Coors Beverage Company and in doing so, laid out a clear vision of leveraging the competitive strengths of our storied foundation in beer to grow in new spaces beyond the beer aisle,” said Pete Marino, president of the emerging growth division for Molson Coors. “Truss’ entry into the CBD market in Colorado and the launch of Veryvell, a brand we believe will resonate well with Colorado consumers, is another example of Molson Coors’ expansion into new beverage categories.”

Veryvell marks Truss CBD USA’s first entry in the American CBD market and is another example of Molson Coors’ moves to cultivate the company’s beverage offerings. The diversification of the Molson Coors portfolio includes an exclusive agreement with The Coca Cola Company to manufacture, market, and distribute Topo Chico Hard Seltzer in the U.S. as well as an expanding roster of non-alcoholic innovations. This includes an investment in ZENWTR, created by noted beverage entrepreneur Lance Collins, a distribution agreement with La Colombe for their RTD line of canned coffees, and a recently announced North American distribution partnership with ZOA, a new energy drink being launched by a multi-faceted team of fitness, health and beverage industry changemakers including Dwayne “The Rock” Johnson.

“Whether you’ve dabbled in CBD before or are curious to try something new, Veryvell invites a moment of self-care to your day through a refreshing and balanced mix of hemp extracts and natural flavors,” said Jane Armstrong Hockman, Truss CBD USA general manager. “Each beverage in the product line offers a unique blend of CBD and adaptogens, giving consumers the freedom to pick the combination that best meets them in the moment. We are thrilled to bring our beverage expertise and commitment to quality to this emerging wellness category.”

Crafted and exclusively available in Colorado, Veryvell comes in three distinct varieties, each infused with 20mg of hemp-derived, non-psychoactive CBD and adaptogens:

  • Focus, a combination of grapefruit and tarragon with ginseng and guarana
  • Mind & Body, a blend of strawberry and hibiscus with ashwagandha and elderberry
  • Unwind, a mix of blueberry and lavender with ashwagandha and L-Theanine

Veryvell is now available for purchase by Colorado-based consumers at www.trusscbdusa.com and on shelves at select Colorado retail stores in a variety of SKUs including individual 12 oz cans, four-packs as well as online-exclusive eight-packs and 12-pack variety packs. Suggested retail price for a 12 oz can of Veryvell is $3.99 and $14.99 for a four-pack.

Veryvell is produced and distributed within Colorado state lines following the state’s established regulatory framework for hemp-derived CBD in food and beverages and is exclusively distributed by Coors Distributing Company. Truss CBD USA is distinct from Truss Beverages, Molson Coors and HEXO’s joint venture in Canada that focuses on non-alcoholic, cannabis-infused beverages.

For those Colorado-based consumers interested in learning more about Veryvell, please visit www.trusscbdusa.com or @liveveryvell on Facebook and Instagram.

ABOUT TRUSS CBD USA

Truss CBD USA is a joint venture between Molson Coors Beverage Company and HEXO Corp designed to explore opportunities for non-alcoholic, hemp-derived CBD exclusively in the United States. With all production and distribution concentrated within states that permit such products, the Truss CBD USA portfolio focuses on hemp-driven, CBD beverages that span a range of flavor profiles and drinking occasions, starting with the launch of Veryvell sparkling CBD water. For those Colorado-based consumers interested in learning more, visit www.trusscbdusa.com or @LiveVeryvell on Facebook and Instagram.

ABOUT MOLSON COORS BEVERAGE COMPANY

For over two centuries Molson Coors has been brewing beverages that unite people for all of life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Leinenkugel’s Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. While the company’s history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well.

The company’s commitment to raising industry standards and leaving a positive imprint on our employees, consumers, communities and the environment is reflected in Our Imprint and our 2025 sustainability targets. To learn more about Molson Coors Beverage Company, visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter through @MolsonCoors.

ABOUT HEXO CORP

HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. Incorporated in 2013 under the name The Hydropothecary Corporation, the company was created to meet the needs of the Canadian medical cannabis market. With the advent of Canada’s legalized market in 2018, the company became HEXO Corp, serving both the adult-use (recreational) and Canadian medical markets through its house of brands. Today, HEXO legally operates out of three cutting edge facilities for genetics, cultivation and manufacturing. Under the company’s Powered by HEXO TM business strategy, Hexo Corp partners with established CPG companies to provide cannabinoid isolation technology, licensed infrastructure and regulatory expertise. HEXO is dual listed on the Toronto Stock Exchange and New York Stock Exchange under ticker symbol “HEXO.”

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Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/truss-cbd-usa-a-molson-coors-and-hexo-corp-joint-venture-launches-veryvell-sparkling-cbd-water-in-colorado/

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Canopy Rivers Sets Filing Date For Q3 Fiscal Year 2021 Financial Results

Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) will report its third quarter fiscal year 2021 financial results before markets open on February 10, 2021 . The Company’s unaudited condensed interim consolidated financial statements and management’s discussion and analysis of financial results for the three and nine months ended December 31, 2020 will be available on […]

The post Canopy Rivers Sets Filing Date For Q3 Fiscal Year 2021 Financial Results appeared first on Technical420.

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Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) will report its third quarter fiscal year 2021 financial results before markets open on February 10, 2021 . The Company’s unaudited condensed interim consolidated financial statements and management’s discussion and analysis of financial results for the three and nine months ended December 31, 2020 will be available on the Company’s profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the Company’s website atwww.canopyrivers.com/investors .

Certain preliminary financial information pertaining to the Company may also be found in the financial results released by Canopy Growth Corporation (TSX: WEED, NYSE: CGC), which are currently scheduled to be released on February 9, 2021 .

Following the release of its third quarter fiscal year 2021 financial results, Canopy Rivers will host a conference call and audio webcast with Narbe Alexandrian, President and CEO, Eddie Lucarelli , CFO, and Matt Mundy , Chief Strategy Officer and General Counsel, at 9 AM Eastern Time on February 10, 2021 .

Webcast
A live audio webcast will be available at the below address: https://produceredition.webcasts.com/starthere.jsp?ei=1420788&tp_key=9086023c9b .

Telephone
North American toll free dial-in: 1-888-390-0546
Confirmation #: 18291365

Replay Options
A replay of call will be accessible until February 17, 2021 .
Replay dial-in: 1-888-390-0541
Replay entry code: 291365 #

About Canopy Rivers
Canopy Rivers is a venture capital firm specializing in cannabis with a portfolio of 17 companies across various segments of the cannabis value chain. We believe that bringing together people, capital, and ideas raises the potential of the entire cannabis industry. By leveraging our industry insights, in-house expertise, and thesis-driven approach to investing, we aim to provide shareholders with exposure to specialized and disruptive cannabis companies. Our mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with our portfolio, we are helping build the cannabis industry of tomorrow, today.

Forward Looking Statements
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Canopy Rivers with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding the timing and availability of the financial results of the Company and Canopy Growth Corporation and the Company’s earnings call.

Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Canopy Rivers believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Canopy Rivers. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; changes in cannabis industry growth and trends; changes in general economic, business and political conditions, including challenging global financial conditions and the impact of the novel coronavirus pandemic; potential conflicts of interest; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; risks associated with the termination, renegotiation and enforcement of material contracts; credit, liquidity and additional financing risks; changes in applicable laws; compliance with extensive government regulation, including Canopy Rivers’ interpretation of such regulation; public opinion and perception of the cannabis industry; divestiture risks; competition risks; and the risk factors set out in Canopy Rivers’ annual information form dated June 2, 2020 , filed with the Canadian securities regulators and available on Canopy Rivers’ profile on SEDAR at www.sedar.com .

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Canopy Rivers has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Canopy Rivers does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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SOURCE Canopy Rivers Inc.

Source: https://technical420.com/cannabis-article/canopy-rivers-sets-filing-date-for-q3-fiscal-year-2021-financial-results/

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Innovative Industrial Properties Closes Major Acquisition In The Sunshine State

The cannabis real estate market is heating up and Innovative Industrial Properties, Inc. (IIPR) has been one of the main beneficiaries of this trend. The company is the only cannabis focused real estate investment trust (REIT) to trade on the New York Stock Exchange (NYSE) and we are impressed with the way the story has […]

The post Innovative Industrial Properties Closes Major Acquisition In The Sunshine State appeared first on Technical420.

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The cannabis real estate market is heating up and Innovative Industrial Properties, Inc. (IIPR) has been one of the main beneficiaries of this trend. The company is the only cannabis focused real estate investment trust (REIT) to trade on the New York Stock Exchange (NYSE) and we are impressed with the way the story has advanced over the last two years.

From a merger and acquisition (M&A) standpoint, Innovative Industrial Properties has been nothing short of an execution story and has been making acquisitions at a very fast pace. The company is clearly trying to take advantage of its first mover advantage before additional cannabis REITs come to market and we will be closely monitoring this trend.

Earlier this week, Innovative Industrial Properties completed the acquisition of a property in Alachua, Florida, which comprises approximately 295,000 sq. ft. of industrial space. The purchase price for the property was $23.8 million (excluding transaction costs) and the company has agreed to provide reimbursement of up to approx. $10.8 million.

Florida is attractive cannabis market and we are favorable on the leverage the cannabis REIT has to the market. During the last year, the number of medical cannabis patients in Florida has steadily increased and this is a trend that we expect to become more significant over the coming years.

In the next few years, we expect Florida to legalize recreational cannabis and expect companies like Innovative Industrial Properties to benefit from the continued advancement of the market. Going forward, we expect to see the company announce additional acquisitions of real estate in Florida and will keep an eye on this trend.

As of January 25th, Innovative Industrial Properties reported to own 67 properties (Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Virginia and Washington) that have approx. 5.7 million rentable square feet (including approximately 2.1 million rentable square feet under development/redevelopment). The properties are 100% leased with a weighted-average remaining lease term of approximately 16.6 years.

We find these numbers to be attractive and expect Innovative Industrial Properties to continue to acquire properties at a rapid pace. When it comes to raising capital, the company has had no issues and Wall Street seems to be very willing to lend money to the business. Innovative Industrial Properties has used Wall Street to fund its acquisition strategy and we expect this trend to continue.

If you are interested in learning more about Innovative Industrial Properties, please send an email to support@technical420.com with the subject “Innovative Industrial Properties” to be added to our distribution list.

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Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/innovative-industrial-properties-closes-major-acquisition-in-the-sunshine-state/

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AGP Gets Bullish On The Cannabis Sector With Numerous Price Target Upgrades

Earlier this week, Alliance Global Partners reported eight price target increases on Canadian and US cannabis companies and this is a development that caught our attention.  From a breadth standpoint, we are favorable on the increases that were reported by the broker-dealer. The companies that were selected are diverse and we believe that this bodes […]

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Earlier this week, Alliance Global Partners reported eight price target increases on Canadian and US cannabis companies and this is a development that caught our attention. 

From a breadth standpoint, we are favorable on the increases that were reported by the broker-dealer. The companies that were selected are diverse and we believe that this bodes well for the entire industry. 

Today, we want to highlight 5 of the increases that were reported by Alliance Global Partners and believe that our readers need to be aware of the bank’s bullish view on the cannabis industry:

  1. KushCo Holdings Inc. (KSHB) had its price target raised to $2.50 from $2.00 (USD)
  2. Tilray Inc. (TLRY) had its price target raised to $18 from $10 (USD)
  3. Canopy Growth Corp. (WEED.TO) (CGC) had its price target raised to $41 from $32 (CAD)
  4. Village Farms Intl. (VFF.TO) (VFF) had its price target raised to $24 from $16 (CAD)
  5. HEXO Corp. (HEXO.TO) (HEXO) had its price target raised to $9.50 from $1.75 (CAD)

We are favorable on the upgrades that were reported by Alliance Global Partners and will monitor how the bank’s view opinion on the cannabis sector changes throughout the year. We believe the cannabis companies that were upgraded are quality plays on the legalization trend that is taking place on the global stage. 

Over the next year, we expect to see more broker-dealers follow a path that is similar to Alliance Global Partners as it relates to price target hikes. Wall Street banks tend to operate in a heard like mentality and expect to see other banks issues price target increases on the cannabis sector. 

Download Our Report On This Canadian LP Flying Under The Radar

The developments that are taking place in the US as it relates to cannabis legalization are expected to play a key role in the performance of the industry. Wall Street seems to be pricing in cannabis decriminalization in the US and we believe this would prove to be a game-changer for the entire sector. 

If you are interested in learning more about the banks that are covering the US and Canadian cannabis industry, please send an email to suppot@technical420.com with the subject “US and Canadian Cannabis Industry” to be added to our distribution list. 

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Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/agp-goes-bullish-on-the-cannabis-sector-with-numerous-price-target-upgrades/

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