ALID - Allied agrees to launch new range of CBD-infused drinks

Allied ([[ALID]] +18.0%) climbs after singing a definitive agreement to launch a new CBD-infused electrolyte replacement drink with the cannabis company Reef Drink.Under the agreement, the first product comes as an extension of the Tactical Relief brand that is a a CBD-infused electrolyte and rehydration drink targeted at veteran and first responders, called Tactical Hydration.In addition, the company introduces a new brand, Equilibrium Bio, which will represent health and wellness products targeted at both male and female athletic consumers.Allied anticipates the first 15,000 sample drink products being ready for wholesale purchasers within October 2020.

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Allied agrees to launch new range of CBD-infused drinks