The maker of Budweiser is teaming up with Tilray to make marijuana-infused beverages
- Tilray shares jumpedas much as 18% late Wednesday after the cannabis producer announced a partnership with AB InBev to research non-alcohol beverages containing THC and CBD.
- The partnership between the two companies would be limited to Canada, according to a statement from Tilray.
- Follow Tilray's stock price here.
The cannabis producer Tilray jumped 18% late Wednesday after the company announced a partnership with AB InBev, the maker of brands like Budweiser and Bud Light, to research non-alcoholic beverages containing THC and CBD.
The partnership between the two companies would be limited to Canada, according to a statement from Tilray, with each company intending to invest up to $50 million, for a total of up to $100 million.
The announcement came one day after Tilray said it was partnering with Sandoz AG, a division of Swiss drug giant Novartis AG, to increase the availability of its medical-cannabis products around the world.
Tilray shares were up 252% since the start of 2018.
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