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Home Investments Marijuana Stocks

Molson Coors Enters Into Canadian Cannabis Scene

Seeking Alpha by Seeking Alpha
August 2, 2018
in Canada, Investments, Marijuana Stocks
Molson C
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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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Tags: Hydropothecary Corp.joint venturelicensed producerMolson CoorsNYSE:TAPOTC:HYYDFTSX:HEXO

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  1. Pingback: VIDEO: Aphria Inc. CEO Vic Neufeld on the Molson Coors Cannabis Deal
  2. Pingback: TGOD Bolsters Management Team with Former Molson Coors Strategist | The Daily Marijuana Observer

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