JV with Moosehead Breweries Readying Cannabis-Infused Beverages for Commercialization
Progress has been made in all areas, from testing the product to evaluating distributors.
Sproutly Canada Inc. (SPR:CSE; SRUTF:OTCQB) provided in a news release an update on its development of cannabis-infused beverages through its joint venture with OCC Holdings, a Moosehead Breweries affiliate.
Joint venture CEO Matthew Oland, a former Moosehead senior executive, said his team has made significant pre-commercialization strides regarding the beverages it intends to sell in the Canadian market through Toronto Herbal Remedies Inc. (THR), Sproutly’s Health Canada-licensed cannabis producer.
“I am confident in our ability to deliver a great tasting beverage to Canadians that provides a controlled, strain-specific cannabis experience utilizing Sproutly’s naturally water soluble cannabinoids known as Infuz20,” Oland said in the release.
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