Belgian company AB InBev, owner of famous beer brands such as Budweiser, Stella Artois and others, is entering the cannabis market in a deal worth 100 million.
The company announced early this morning that it was cooperating with the Canadian company Cilabis Tilray, which at the beginning of the week Has announced Also for cooperation with the giant drug company Novartis.
At the same time, the two announced that in the first stage, the new cooperation between them will focus on development only and that it is not yet in actual production. If this will come in the future, the two companies will receive an additional investment of 50 million each.
The research will be carried out by Labatt Breweries, a Canadian subsidiary of InBev, along with High Park, a Canadian subsidiary of Teelray.
"We intend to develop an in-depth knowledge of non-alcoholic beverages containing THC and CBD," said the President of Breweries, Kyle Norrington. "This will be the basis for possible future decisions relating to the marketing of the products."
Following the announcement, Teilray shares surged at 15%. Tillray currently operates in 12 countries worldwide including Australia, New Zealand, Canada, Germany, South America and Portugal.
As noted recently the beer manufacturer 'Heineken' Which began To produce an alcohol-free cannabis capital, as well as the owner of the Corona brand (Constellation Brands) Which she acquired In billions, a large part of the world's largest cannabis company. Coca-Cola announced that it is in the meantime Just looking The possibilities in the field, as well as cigarette manufacturer 'Marlboro' Which has already been signed And even to grow cannabis in Israel.