On Thursday (November 8), Aphria (NYSE:APHA,TSX:APHA) CEO Vic Neufeld said the company wants to make sure the partner they choose from an established industry will “leverage” the company’s vision.

Amid pressure to deliver a similar relationship to the one Constellation Brands (NYSE:STZ) and Canopy Growth (NYSE:CGC,TSX:WEED) formed last year Neufeld, during a televised interview with BNN Bloomberg, said Aphria has been in conversation with “many entities.”

“We remain in dialogues with many different industry global giants in different spaces,” the executive said.


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

Most recently, Aphria was linked with tobacco company Altria Group (NYSE:MO) the makers of Marlboro cigarettes. A report from The Globe and Mail indicated a deal was in place but nowhere near being finalized.

Rumors have circulated of veteran companies such as Diageo (NYSE:DEO) and The Coca-Cola Company (NYSE:KO) making heavy moves towards the marijuana industry; no deals have been finalized yet with any cannabis company.

Despite confirming a general interest in the potential for cannabinoid infused health beverages, Coca-Cola has denied its involvement or the possibility to sign a deal with cannabis producer.

“Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world. The space is evolving quickly. No decisions have been made at this time,” Coca-Cola said at the time.

PepsiCo (NASDAQ:PEP) chief financial officer (CFO) Hugh Johnston stated the beverage company would take a critical look at the potential for infused beverages, but had no announcements yet.

Molson Coors Brewing Company (NYSE:TAP,TSX:TAP) formed a joint venture with Quebec-based licensed producer (LP) HEXO (TSX:HEXO), which saw the creation of Truss.

The new company will oversee the development of infused beverages with cannabis and the eventual sale of these into the Canadian market.

Investor takeaway

As cannabis investors continue to wait for the confirmation of deals with established players to provide a boost in the stock market, cannabis companies without these deals continue the promise that they are looking for the “right” deal.

Aphria was able to uplist and gain a spot on the New York Stock Exchange (NYSE) in October, a move that was seen by experts as a way to expand its investor audience and get one step closer to a deal with an established company.

“Listing on the NYSE provides Aphria with access to the largest equity market in the world, with increased exposure to a vast array of US institutional and retail investors,” Neufeld said in the statement.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States today announced the appointment of Marcum LLP (“Marcum”) as its independent registered public accounting firm, effective July 5, 2021 . Marcum was appointed following the resignation of MNP LLP (“MNP”) as the Company’s independent registered public accounting firm effective July 5, 2021 .

“We would like to thank MNP for their guidance and expertise over the past two years and we look forward to working with Marcum as the Company’s new independent registered public accounting firm,” stated Chief Financial Officer, Alex D’Amico.

Keep reading... Show less

Cannabis-infused beverages are not a new product concept, but this summer Canadian drink makers hope consumers will discover them for the first time.

Recreational cannabis beverages have beguiled Canadian producers through different avenues, and many continue to make investments. The promise of these drinks lies in the potential of a more welcoming option for new consumers who may be out of their depth with rolled-up dried flower.

Keep reading... Show less

In the news release, BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years, issued 07-Jul-2021 by BioHarvest Sciences Inc. over PR Newswire, we are advised by the company that an incorrect version of the release was issued inadvertently. The complete, corrected release follows:

BioHarvest Sciences Inc.‘s First Cannabis Cell Reservoir Produces Ongoing Flowering Stage Cannabinoid Cells For 2 Years

Keep reading... Show less

Trulieve is the first medical cannabis operator to start planting in the state

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today that it commenced operations in West Virginia . The Company has begun cultivation at their 100,000 square foot size facility in Huntington, West Virginia .

Keep reading... Show less

– The Company demonstrates the efficiency and reliability of its BioFarming technology by reducing production cycle time for Cannabis from 14-23 weeks to 3-4 weeks.

– The Company’s BioFarming technology will allow the Company to harvest 13-17 cycles per year versus 2-4 cycles per year for conventional Cannabis agriculture.

Keep reading... Show less