Steam Whistle engaged in active discussions with cannabis producers

Toronto, Ontario – BNN Bloomberg has reported that Steam Whistle Brewing has been engaged in active discussions with several cannabis producers for a possible investment or joint venture with the company.

Andy Burgess, president of the craft brewery, told BNN Bloomberg “This is about reinforcing the brand and how to build shareholder value for the long term,” he said in an interview this week.

Discussions have included the possibility of producing cannabis-infused beverages and launching a Steam Whistle brand of cannabis, he added.

“The bottom line is that our brand and the building, our distribution, and the popularity of our beer is of interest to the cannabis space.”

Burgess described the discussions with pot players as still “in the early days,” but said it appears likely that he would partner with a Canadian cannabis company to open a pot shop at the Roundhouse Park building.

Greg Taylor, one of the brewery’s founders, left Steam Whistle to join medical marijuana producer Nuuvera Inc. as president in January 2018 before the company was acquired by Aphria Inc. several months later. Aside from being a shareholder, Taylor has no current role at Steam Whistle and is not part of any negotiations.

Read the full story on BNN Bloomberg.

Share Button

Leave a Reply

Your email address will not be published. Required fields are marked *