Gatineau's Hydropothecary teams up with Molson Coors
Gatineau’s Hydropothecary is teaming up with Molson Coors to brew cannabis-infused drinks.
Hydropothecary and Molson Coors Brewing Company have announced plans to form a joint venture to develop non-alcoholic, cannabis-infused beverages when marijuana becomes legal.
Molson Coors will have a 57% controlling interest in the unnamed joint venture project. The two companies say they will “explore the highly anticipated consumable cannabis market.”
In a statement, Molson Coors President and CEO Frederic Landtmeters said the companies will aim to be a “market leader in offering Canadian consumers new experiences with quality, reliable and consistent non-alcoholic, cannabis-infused beverages.”
The deal is expected to be finalized by the end of September.