Canopy Rivers Portfolio Company Obtains Health Canada's R&D License To Develop Cannabis-Infused Beverages
"This announcement represents a significant milestone for Herbert Works as the company continues to move quickly toward the development of exceptional and widely appealing THC-infused beverages," Narbe Alexandrian, President and CEO of Canopy Rivers said in a statement.
"It's a timely achievement, as the next wave of cannabis legalization in Canada will unlock these new product offerings in a matter of months. We believe that Herbert Works is in a prime position to capitalize on the growth opportunities that 'Cannabis 2.0' presents for consumers that are eager to try cannabis in different formats."
Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
Combining cannabis expertise and top-notch technology, Herbert Works creates products that answer to the consumer’s lifestyle needs.
Canopy Rivers is an investment platform that seeks investment opportunities in the cannabis industry. It owns 23% of the equity of Herbert Works on a diluted basis.
The company’s stock closed Monday at $1.87 per share.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.