Tilray and Budweiser Maker Will Partner to Research Cannabis Drinks
Top photo: © Brent Hofacker | Adobe Stock

Tilray and Budweiser Maker Will Partner to Research Cannabis Drinks

Tilray and Anheuser-Busch will spend up to $50 million apiece on the joint venture; Tilray's CEO says the company was not interested in a direct investment.

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December 19, 2018

Marijuana producer Tilray Inc. announced Wednesday that it has signed a research partnership with Budweiser maker Anheuser-Busch InBev SA, as the Canadian cannabis industry continues to strike deals with legacy industries.

The joint venture will run through Anheuser-Busch’s subsidiary Labatt Breweries of Canada, and each company intends to invest up to $50 million to research beverages infused with tetrahydrocannabinol, or THC, and cannabidiol, or CBD. THC is the compound that produces psychoactive effects, whereas CBD does not—though it has other properties some see as beneficial.

Tilray said that the partnership is limited to Canada, and that the two companies will make decisions about developing products from the research in the future.

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