Canadian cannabis company Canopy Growth Corp. said Wednesday it has entered an an agreement with Southern Glazer’s Wine & Spirits to distribute its U.S. portfolio of CBD-infused beverages. Canopy recently launched the first drink in that portfolio, called Quatreau. Southern Glazer will start by distributing Quatreau in seven states and will add additional states in the coming months. The company will leverage its e-commerce platform at sgproof.com. Quatreau sparkling water contains 20 mg of U.S. grown hemp-based CBD, and comes in four flavors: Cucumber + Mint, Passion Fruit + Guava, Blueberry + Acai, and Ginger + Lime. Canopy shares were up 0.7% premarket and have gained 3.7% in the year through Tuesday’s close, while the Cannabis ETF has gained 34% and the S&P 500 has gained 10%.
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