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Canopy Growth begins producing cannabis drinks

As the CBD market is booming, full-spectrum CBD companies like Veritas Farms Inc. (OTC: VFRMD) and Canopy Growth are gaining huge profits. Some cannabis products from Canopy Growth will be sold to the SQDC. The SQDC did not confirm which Canopy products they plan to feature in stores. The province of Quebec has very restrictive regulations which prohibit candy and chocolate.

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This picture show some people cheering with drinks

Companies that explore the CBD niche already profit. Veritas Farms Inc. (OTC: VFRM) produces and distributes nine categories of full-spectrum hemp oil-derived products (dietary supplements, gummies, cosmetics, products for pets), was founded in 2015 and since then has experienced consistent growth. The company recorded a 165% increase in Q3 2019 The increase in revenues is a result of expanding its brick-and-mortar network of stores and online distribution.

Expanding its offerings of full-spectrum hemp products, Veritas Farms Inc. (OTC: VFRM) announced its new beauty line, Veritas Beauty in New York City, on November 7, 2019. The company launched the brand as a response to the growing demand from customers for a line of CBD skincare products. Comprising high-quality ingredients, the line presents four full-spectrum hemp beauty products: Rejuvenating Night Cream, Cucumber Eye Cream, Mattifying Blemish Cream, and Hyaluronic Day Cream.

Veritas Farms has its own supply chain that allows the company to control the products’ quality all the way. The company even made it possible for the customers to check the quality status of the CBD-based products they purchase, thanks to a QR code packaging recently released. Veritas’ approach focused around honesty, transparency and delivering high-quality full-spectrum CBD products, which brings tremendous results. The company is well on track to be one of the CBD sector’s big success stories.

Canopy Growth’s ready-to-drink products list

Canopy Growth started producing cannabis beverages. Ready-to-drink products and carbonated water are among them. The Tonic Penelope contains 2.5 mg THC and 1.5 mg CBD. Bakerstreet and ginger Ale and Houndstooth and soda, both of which are containing 2 mg THC.

Carbonated water

The company has also developed a brand in partnership with the actor Seth Rogen and director and writer Evan Goldberg (Pineapple Express, Superbad): Houseplant, a carbonated water. There will be one grapefruit water and one lemon water and will be Sativa-based. Both drinks contain 2.5 mg THC in a 355 ml can.

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Canopy also has another brand of carbonated water: Quatreau. The flavors are cucumber and mint, passion fruit and guava, and each bottle has 20 mg of CBD and no THC content at all. Two other Fourau drinks will contain 2 mg CBD and 2 mg THC. Water will be flavored with ginger and lime or blueberries and mahogany.

All these products seem to comply with the Quebec edible regulations, so there is a good chance they will soon be featured on the stores’ shelves. The cans are quite sober “we are far from the beautiful and attractive beer cans,”  so it should pass the test.

Products to be sold across Canada

Here are the products that will be sold across Canada, but not in Quebec: Deep Space, a 222 ml drink with 10 mg of THC. It is the  maximum level of THC per bottle that is allowed by Health Canada. In Quebec, the maximum per bottle is 5 mg.

There will also be distilled cannabis, Houndstooth, a non-alcoholic drink according to Canopy,  that can be mixed with one’s own drinks. But because the bottle is containing 10 mg THC it would be forbidden in Quebec.

Future for cannabis drinks

It will be necessary to wait until January 1 to see cannabis drinks appear at the SQDC. Edible products will arrive gradually. Two years ago, Bruce Linton, Canopy Growth’ CEO, said that cannabis drinks are going to be the future of the industry.

According to him, this is the only way to stop the black market because dealers will never want to invest in developing drinks and bottling them with beautiful labels. Linton even saw himself following in the footsteps of the Bronfman family’s Seagram distiller, who made his fortune with alcohol at the end of prohibition.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.

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