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Hill Street Beverage CEO to spotlight cannabis-infused beverages at investor summit in New York

Hill Street has acquired two global semi-exclusive licenses to utilize Lexaria Bioscience’s DehydraTECH THC and CBD beverage infusion technologies for 10 years

Lexaria Bioscience Corp - Hill Street Beverage CEO to spotlight cannabis-infused beverages at investor summit in New York City
Hill Street produces alcohol-free beer and wine, and is preparing cannabis-infused products which will debut when edibles become legal in Canada in October

Hill Street Beverage Company Inc (TSXV:BEER) (OTCMKTS:HSEEF) said Thursday that CEO Terry Donnelly will focus on the potential of the company’s new line of cannabis-infused beverages at the upcoming Fall Investor Summit in New York City.

In a statement, the company said Donnelly will present the company’s investment thesis at the summit at 10:30 am ET on September 17.

He will also take part in a cannabis panel discussion scheduled for noon ET on September 16.

“Hill Street has established a portfolio of award-winning, non-alcoholic beer and wine brands that will serve as perfect platforms to deliver our cannabis- infused beverages to the Canadian market following the legalization of edibles in October 2019,” Donnelly said in a statement.

READ: Lexaria Bioscience, Hill Street Beverage sign 10-year joint manufacturing partnership for DehydraTech products

“Our pending acquisition of OneLeaf Holdings will not only give us a world class, 48,200 square foot facility built to EU GMP standards but also a catalogue of over 700 distinct cannabis cultivars and the talent that created them,” he added.

Hill Street is gearing up to produce its own line of cannabis-infused beverages, and has acquired two global semi-exclusive licenses to utilize Lexaria Bioscience Corp’s (CSE:LXX) (OTCMKTS:LXRP) DehydraTECH THC beverage infusion technology, and to use the DehydraTECH CBD infusion technology around the world for 10 years. This expands a 2018 license award to Hill Street to use DehydraTECH for THC beverages in Canada only,

“Our joint manufacturing partnership with Lexaria allows us to produce DehydraTECH commercial products, including both processed THC and CBD powders in the form of compressed tablets, capsules, or sachets for new consumer products for sale in Canada and for export where permitted,” said Donnelly.

The Hill Street boss will also hold investor meetings on both days at the summit, which will feature 160 companies and over 1,000 institutional and retail investors.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

Quick facts: Hill Street Beverage Co Inc.

Price: 0.1 CAD

Market: TSX-V
Market Cap: $13.51 m

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Hill St acquires Lexaria’s THC business as they look to ramp up their...

Hill Street Beverage (CVE: BEER) CEO Terry Donnelly joined Steve Darling from Proactive with news the company has acquired the primary non-pharmaceutical cannabis-related division of Lexaria Bioscience Inc. Donnelly telling Proactive this acquisition provides Hill Street with the exclusive...

on 20/11/20

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