ADVERTISEMENT
ADVERTISEMENT

The maker of Budweiser is teaming up with Tilray to explore marijuana-infused beverages (TLRY, BUD)

budweiser millennials beer
  • Tilray shares jumped as much as 18% late Wednesday after the cannabis producer announced a partnership with AB InBev to research non-alcohol beverages containing THC and CBD.
  • The partnership between the two companies would be limited to Canada, according to a statement from Tilray.
  • Follow Tilray's stock price here .

The cannabis producer Tilray jumped 18% late Wednesday after the company announced a partnership with AB InBev, the maker of brands like Budweiser and Bud Light, to research non-alcoholic beverages containing THC and CBD.

The partnership between the two companies would be limited to Canada, according to a statement from Tilray, with each company intending to invest up to $50 million, for a total of up to $100 million.

The announcement came one day after Tilray said it was partnering with Sandoz AG, a division of Swiss drug giant Novartis AG, to increase the availability of its medical-cannabis products around the world.

Tilray shares were up 252% since the start of 2018.

ADVERTISEMENT

This story is developing...

Now read:

ADVERTISEMENT

See Also:

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT