Proactive Investors - Run By Investors For Investors

Tidal Royalty makes strategic investment in Lighthouse Strategies, maker of the first non-alcoholic cannabis-infused craft beer

Lighthouse operates 11 companies and 150,000 sq ft serving both traditional and regulated markets
Tidal Royalty makes strategic investment in Lighthouse Strategies, maker of the first non-alcoholic cannabis-infused craft beer
Cheers! Lighthouse brought the world the first non-alcoholic cannabis-infused craft beer

Tidal Royalty Corp (CSE:RLTY, OTC:TDRYF), the cannabis industry financier, said it will provide US$5M for Lighthouse Strategies, which has developed the world's first non-alcoholic cannabis-infused craft beer and liquor brand.

Lighthouse operates 11 companies and 150,000 sq ft serving both traditional and regulated markets and has licensed assets in California and Nevada.
"Infused beverages are one of the most exciting verticals in the entire cannabis industry," said Paul Rosen, Tidal Royalty's chief executive and chairman.

"Consumption of alcoholic beverages in social settings provides an analogue to how big this market can be. Lighthouse's beverage portfolio is a market leader that we only see strengthening over time."

Lighhouse's brands include Cannabiniers, which is a "beverage and technology" company servicing the regulated cannabis markets.

It also has Two Roots Brewing Co - a microdosed non-alcoholic cannabis-infused craft beer -  developed to emulate the rapid onset of alcohol, as well as its rapid dissipation from the body.

Brewbudz is the world's first 100% compostable and patented line of cannabis-infused single-serve coffee pods, while Just Society Coffee & Tea Co offers a combination of responsibly-sourced whole tea leaves and single origin coffee and high-quality cannabis flower.

At the same time as the subscription, the companies have entered into a financing arrangement with respect to certain Lighthouse beverage lines. They will execute definitive agreements and will release additional particulars upon closing.

Michael Hayford, Lighthouse's CEO, said on Monday: "We are extremely excited to work with Tidal Royalty, given their extensive industry experience and insight.

"They intimately understand the needs of cannabis entrepreneurs and have a very sophisticated perspective on the trends driving growth in the global regulated cannabis industry.

"With almost three years of research and development invested in our beverage product lines, we have been working tirelessly to educate both retailers and the capital markets as to the future of cannabis consumption.

"The Tidal Royalty team 'got it' and - most importantly - they got it quickly. We see this as a long-term strategic relationship wherein Tidal Royalty's North American experience across the cannabis industry will bring unique insights north and south of the border."

Lighthouse's beverages are currently distributed in Nevada and are scheduled to be released in California this month (November) with agreements to distribute in an additional five states.

Tidal Royalty's portfolio is growing. It previously announced an agreement to finance Diem's expansion into Massachusetts, and a binding letter of intent to purchase equity in, and assume a royalty agreement with, AltMed, which has operations in Arizona and Florida.

The firm is currently evaluating additional opportunities across the U.S., including in California, New York, Illinois, Ohio, Pennsylvania, Texas and Michigan.

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full RLTY.U profile View Profile

Tidal Royalty Corp. Timeline

Related Articles

cannabis plan in sun
February 21 2019
The cannabis company will manufacture, infuse and package branded recreational and wellness products
data graphic
Fri
The Toronto company is busy meeting what it says is significant demand by building a data asset covering the medical cannabis sector
A cannabis facility
December 02 2018
The Vancouver-based medicinal cannabis grower’s Queensland facility will be the world's largest greenhouse cannabis operation, covering a 99-acre site
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use