Waterloo Brewing suspends plans for infused beverages
April 27, 2020 By Grow Opportunity staff
Ontario’s largest Canadian-owned brewery, Waterloo Brewing Ltd. has changed its mind about jumping on the edibles bandwagon.
The regional brewer announced on April 24 that it has stopped development for the production of cannabis-infused beverages.
“In the period leading up to the legalization of cannabis-infused beverages, Waterloo Brewing dedicated resources to secure the necessary licensing and prepared its facilities to produce cannabis-infused beverages. Since that time, the route to market for cannabis-infused beverages and the associated market opportunity has become less clear and highly uncertain,” the statement said. “Given the very strong and proven performance of its current growth drivers, the company is, for the time being, suspending any activity related to the production of cannabis-infused beverages.”
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