Click here for The Motley Fool’s resources on Coronavirus and the market. The company will beat competitors to store shelves in Ontario. Canadian cannabis extraction company Valens (OTC:VLNCF) announced this week the launch of a line of cannabis-infused beverages, to be produced under a white-label agreement with A1 Cannabis Company, a subsidiary of Iconic Brewing…
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Canadian cannabis extraction business Valens( OTC: VLNCF) revealed today the launch of a line of cannabis-infused beverages, to be produced under a white-label contract with A1 Marijuana Business, a subsidiary of Iconic Brewing of Ontario, Canada. According to Valens, the beverages will be the very first cannabis-infused beverages on the market in Ontario.
The line includes Basecamp CBD Iced Tea, a black iced tea with lemon, instilled with 15 milligrams of cannabidiol (CBD); and Summit THC Citrus Water, still water with lemon and grapefruit flavoring that’s instilled with 2.5 milligrams of THC, the primary chemical that produces a high in those who take part of cannabis. Basecamp will be offered at merchants within days, and Summit will be offered in the coming weeks.
Image source: Getty Images.
The rollout of Marijuana 2.0 items in Canada has been disappointingly slow, but Valens pointed out a research study by Deloitte that estimates the market for cannabis-infused beverages alone will be worth 529 million Canadian dollars annually. Valens is producing the beverages to be offered under Iconic’s brands based on a previously revealed five-year contract. Under the terms of the agreement, Valens will produce a minimum of 2.5 million beverages over five years with a chance to broaden on the collaboration with new product offerings.
Valens specializes in cannabis processing, formula, testing, and analysis for both medical and recreational-use products, and analysts project that the company will pay in 2020 Its emulsion technology converts marijuana oils into water-soluble types that can be instilled into food, drinks, and topical products without the taste or odor of cannabis.
Jim Crumly has no position in any of the stocks mentioned. The Motley Fool recommends Valens GroWorks. The Motley Fool has a disclosure policy.”> Jim Crumly has no
position in any of the stocks mentioned.
The Motley Fool recommends Valens GroWorks.
The Motley Fool has a disclosure policy“>.