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Waterloo Brewing is getting in on the booming cannabis industry.

On Wednesday the company announced they have secured a research license from Health Canada to begin development on a new cannabis-infused beverage (CIB).

“The cannabis market has garnered a great deal of investor interest and after an in-depth review of our strategic options, the company is positioning itself to be a major producer of CIB’s and to take full advantage of this new and developing beverage category,” said President and CEO George Croft in a press release. “We plan to be the production partner of choice for the beverage cannabis business.”

– Read the entire article at CTV News.

Associated Press

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