New Products: Summer Heats Up with WTRMLN ADEs, THC Mocktails and More

It’s been a hot and humid July, but beverage brands have some new refreshments for August. In this week’s new products gallery, we look at some hemp THC beverage extensions and new watermelon soda and WTRMLN WTR flavors.

Infused Spirit Maker MXXN Returns With First Release in Four Years

Four years since its last release, MXXN is today marking the start of a busy summer with a new SKU — the white rum-inspired Barbados Blanco — that aims to build on the brand’s work positioning itself as a high-end THC-spirit experience, even as the category has commoditized around familiar RTD formats.

Web Weed: THC Drinks Crush It Online – But For How Long?

After successfully building a strong consumer base online with DTC, the hemp-derived THC drink category is weighing whether ecommerce is a viable long-term channel for success or a familiar first step to broader retail goals.

Cann Acquires Sweet Reason, Targeting Mainstream Alcohol Alternative Space

Cannabis beverage producer Cann announced today it has acquired Toronto-based CBD drink maker Sweet Reason, marking the company’s first acquisition as it seeks to build out a platform for alcohol alternatives. Terms of the deal were not disclosed.

Cann Partners with Tove Lo to Launch First Caffeinated Flavor

Cannabis-infused “social tonic” maker Cann has partnered with Swedish pop star Tove Lo for its latest product launch: Peach Passionfruit Maté, a limited edition caffeinated beverage infused with THC.

Cann Recruits Goop’s Gwenyth Paltrow As Investor, Brand Advocate

Cannabis-infused beverage brand Cann announced last week that it has received investments from a roster of high profile backers including Goop founder Gwyneth Paltrow; actors Rebel Wilson, Ruby Rose and Darren Criss; NBA point guard Baron Davis; singer Tove Lo and YouTuber Casey Neistat.

PBR, Infused Wines Among Vertosa Cannabis Beverage Partnerships For Fall 2020

Vertosa, a California-based cannabis infusion company specializing in emulsion technology, this month announced a slate of partnerships to develop THC-infused drinks with multiple beverage companies this fall, including beer maker Pabst Blue Ribbon (PBR) and sessionable tonic maker Cann.

Cann Secures $5M Seed Investment

Cannabis-infused “social elixir” Cann has closed a $5 million seed round of financing led by Imaginary and JM10 Partners, the company announced yesterday. Navy Capital, Global Founders Capital and Cresco Capital also participated in this round, as did undisclosed “key strategic investors,” according to a press release.