Tilray teams up with AB InBev in non-alcoholic beverages with THC and CBD; shares up 10% after hours

|By:, SA News Editor

Cannabis producer Tilray (NASDAQ:TLRY) will partner with AB InBev to research non-alcoholic beverages containing tetrahydrocannabinol (THC) and cannabidiol (CBD). The potential commercialization of the drinks will be confined to Canada.

Each company plans to invest up to $50M in the effort. Further details are undisclosed.

TLRY is up 10% after hours.

Peers Cronos Group (NASDAQ:CRON) and Canopy Growth (NYSE:CGC) are both up 1% after hours.

Subscribe for full text news in your inbox