As Canada continues to celebrate its legalized cannabis transition period, a new industry of THC and CBD-infused drinks, along with an abundance of other cannabis-infused products are finding their way into mainstream society.Thanks to anti-inflammatory and anti-anxiety properties, CBD-infused drinks can provide a relaxing, subliminal buzz, and are also becoming the go-to alternatives for cannabis users looking to experiment, without dealing with the mind-altering effects that come with THC.
Major companies are looking to position themselves in this burgeoning market, often by partnering with companies that provide invaluable experience in the sector. Tilray Inc.TLRY, +1.69%is partnering with the world’s largest brewer in a $100-million joint venture to research cannabis-infused nonalcoholic drinks. Canopy Growth CorporationCGC, +0.20% (WEED) recently received a $4 billion investment from a leading beer maker. Other companies are looking to grow in additional cannabis spaces. Aurora Cannabis Inc.ACB, +0.67% (ACB) recently received a license from Health Canada permitting the sale of cannabis softgel capsules. And GW PharmaceuticalsGWPH, -0.28% announced that its FDA-approved anti-epileptic drug is now available in the United States.
Now, Stem Holdings Inc. (CSE: STEM OTCQB: STMH) has entered the booming CBD beverage market with a new line of CBD drinks and cocktails. Two well-known Eugene, Oregon-based businesses are collaborating with Stem Holdings Inc.’s (CSE: STEM OTCQB: STMH) premier cannabis brand, TJ’s Gardens in making plans to offer CBD infused beverages at their local stores. Both Tacovore restaurant and Glass House Coffee Bar will offer TJ’s Garden’s CBD tincture for sale to their patrons. Tacovore will also feature a TJ’s CBD infused margarita on its menu, and any drink at Glass House Coffee Bar will have the option to have TJ’s CBD added.
“Partnering with two of our favorite businesses not only shows mutual local support for each other but also means that an audience that may not otherwise walk into our dispensaries can have the opportunity to enjoy the benefits of our CBD,” says TJ’s Garden’s founder, Travis Mackenzie. “Serving delicious beverages made with locally sourced, TJ’s CBD may further inspire someone to experience our TJ’s CBD tincture for the first time.”
Every purchase of TJ’s Garden’s CBD tincture products furthers the Company’s mission to provide CBD tinctures for children in need at no cost. Since TJ’s Gardens founded the Forest Initiative in 2014, the Company has donated its CBD tincture to underserved families with children suffering from epilepsy or seizures. Currently, there are over 140 pacific northwest families participating in the program.
For more information on Stem Holdings, and why they are getting a $7.23 share price target for the last quarter of 2019, please visit: