ACRGF - Canopy Growth Acreage Holdings plans to launch THC-infused beverages in U.S.

Canopy Growth (CGC) and Acreage Holdings (ACRGF) have developed a plan to market CGC's diverse beverage portfolio in the U.S. Acreage anticipates launching Canopy Growth's select, sessionable THC beverage formulations in summer 2021. In addition to selling products in its own dispensaries, Acreage will access existing distribution channels through strategic corporate relationships. "We have had an incredibly successful introduction into the Canadian cannabis-infused beverage industry with over 1.7M cans of our THC-infused RTD beverages, like Tweed's Houndstooth & Soda and Bakerstreet & Ginger sold to date," shared Canopy Growth CEO, David Klein. "Canopy Growth now owns 5 of the top 6 SKUs in the beverage category with a 74% market share," he adds.U.S. CBD market is growing quickly. See below CBD sales by products and CAGR through 2023 and 2025, respectively.Shares are up 2% premarket.

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Canopy Growth, Acreage Holdings plans to launch THC-infused beverages in U.S.