CANNABIS COMPANY ENTERS THE BEVERAGE MARKET

MEDICINAL marijuana player Creso Pharma (ASX: CPH) has announced its entry into the edibles industry, launching two major partnerships with global manufacturing partners.

Creso has entered into a joint venture with Canada's LGC Capital Ltd and the UK's Baltic Beer Company to develop cannabis and hemp derived drinks.

The three companies will create a range of unique cannabis and hemp derived alcoholic and non-alcoholic beverages, allowing Creso to expand its offering into the edible and lifestyle markets.

This announcement marks yet another milestone for the Australian and Switzerland based marijuana company who recently broke into the Chinese market.

Research and development work has already begun into creating these hemp based beverages.

The groups are working on creating a premium craft beer range containing unique mixes mimicking the terpenes of the cannabis plant.

For the uninitiated, terpenes are essential oils found in plants that carry flavour and aroma. The terpenes in the beer will carry the characteristic odour and fragrance of cannabis with the same taste and feel but will not contain THC or CBD. Read more

David Simmons - Business News Australia - 29 Nov 2017