Lifeway Foods Says It Plans To Enter Cannabis Market With CBD Drinkables

Lifeway Foods, Inc. LWAY shares traded sharply higher Thursday after the company announced it will enter the cannabidiol space with CBD drinkables — if and when they are legalized at the federal level. 

Cannabidiol is one of some 113 identified cannabinoids in cannabis plants and accounts for up to 40% of the plant's extract.

Lifeway Foods said it plans to enter the $10-billion cannabis market through Plantiful + CBD, a cannabidiol-infused version of Lifeway’s probiotic plant-based beverage.

The stock was up 29.02% at $3.73 at the time of publication Thursday. 

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