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Cannabis Drinks Boost Sales for Constellation-Backed Canopy
- Company says production of beverages is quickly accelerating
- Martha Stewart CBD products to be sold within the next month
Tweed
Source: Canopy
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Canopy Growth Corp., the cannabis company that attracted Corona beer producer Constellation Brands Inc. as an investor, is planning to introduce cannabis beverages in the U.S. after reporting strong demand in Canada.
With interest rising in Canopy’s cannabis-infused drinks like Tweed, the company is boosting output. Canopy’s beverage production doubled in July from June, and officials anticipate this will double again in August, Chief Executive Officer David Klein said on a conference call with analysts Monday. The company is also planning to expand its drink offerings, and U.S. distribution will be handled by Acreage Holdings Inc.