On August 1, 2018, the Canadian unit of Molson Coors (TAP) announced a joint venture with Hydropothecary (“HEXO”) (HYYDF, TSX:HEXO, TSX:HEXO.WT):
“Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and leading Canadian cannabis producer, The Hydropothecary Corporation, are pleased to announce that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.”
The joint venture will be 57.5% owned by Molson Coors, while HEXO
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