The Top Story Major Alcohol Companies Cannot Ignore Any Longer

HOUSTON, TX / ACCESSWIRE / April 5, 2019 / The cannabis story has taken on a life of its own.

In 2018, Canada legalized its recreational use. Corporate America began investing in major cannabis companies. U.S. approval ratings for legalization jumped above 61%. More U.S. states approved its recreational or medicinal use. The U.S. FDA approved its very first cannabis-derived drug. It's even managed to transform major industries, including alcohol.

In fact, alcohol companies have only just begun to invest and diversify with cannabis, including Constellation Brands and Molson Coors.

Interesting to note, when asked if other big alcohol players will enter the cannabis space, an analyst at Cowen & Company noted, "I'd expect all the large global alcohol companies are paying attention," as noted by Freedom Leaf.

As the story just begins to unfold, someof the top companies to keep an eye on include Blissco Cannabis Corp. (CSE: BLIS)(OTCQB: HSTRF), Tilray Inc. (NASDAQ: TLRY), and HEXO Corporation (NYSE: HEXO)(TO: HEXO).

Blissco Cannabis Corp. (BLIS)(HSTRF) just signed a one-year renewable supply agreement with Cannabis NB, a subsidiary of Alcohol New Brunswick Liquor (ANBL) and the only legal retailer of recreational cannabis for the province of New Brunswick. The corporation sells directly to consumers online and operates 20 stand-alone recreational cannabis retail stores.

Blissco has agrees to supply the province with up to 18 whole flower and pre-roll products from 6 strains of their Reserve and Blissco Collection including AC/DCfrom the Blissco 'CONNECT Collection'; Green Cush from the 'GO Collection'; Cold Creek Kush from the 'EASE Collection'; Blissco Reserve White Widow, Cheese Quake, and CBD Shark Shock from the 'CREATE Collection.'

"Becoming one of Cannabis NB's early supply partners is very exciting for Blissco," said Damian Kettlewell, Blissco CEO. "We are pleased to see that the demand for Blissco's premium whole flower cannabis is growing and that retailers from across Canada are seeking our products," adds Kettlewell.

Blissco now holds supply agreements for British Columbia, Alberta, Saskatchewan, and New Brunswick, and are also on track to supply international markets, starting with Germany.

For More Information on Blissco Cannabis Corp., Click Here.

HEXO Corporation (HEXO) is in a joint venture with heavyweight, Molson Coors to create non-alcoholic, cannabis-infused drinks, as well.

"Canada is breaking new ground in the cannabis sector and, as one of the country's leading beverage companies, Molson Coors Canada has a unique opportunity to participate in this exciting and rapidly expanding consumer segment," said Frederic Landtmeters, president and CEO of Molson Coors Canada.

In its most recent quarter, the company posted a net loss of C$4.33 million, or $3.25 million, which was narrower than the C$8.95 million posted a year earlier. Revenue jumped to C$13.4 million from C$1.2 million. The company also produced about 4,938 kg of dried cannabis in the quarter, up from 3,550 kg in the previous quarter.

For More Information on HEXO Corporation, Click Here.

Tilray Inc. (TLRY) partnered with Anheuser-Busch InBev in a $100 million deal to research cannabis-infused drinks for the Canadian market. Each company will invest $50 million in the project to study non-alcoholic drinks containing CBD, or cannabidiol.

"We are delighted to be joining forces with a world-leading beverage company, AB InBev, to research how to create enjoyable cannabis beverage products," said Brendan Kennedy, Tilray CEO. "Tilray and AB InBev share a commitment to responsible product development and marketing, and we look forward to beginning our work on this important partnership as Tilray continues to pioneer the development of a professional, transparent, and well-regulated cannabis industry."

For More Information on Tilray Inc., Click Here.

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