Toronto-based Province Brands of Canada is developing the world’s first beers brewed from the cannabis plant. The company wants to challenge the alcohol industry by offering “safer and healthier” cannabis-powered beers.
Now, Province Brands says that it has formed a partnership with Brantford, Ontario-based Bell City Brewing to produce craft cannabis beer.
Under the terms of the partnership agreement, Bell City Brewing will license Province Brands’ patent-pending technologies to create several product lines of non-alcoholic cannabis-brewed beer and beer infused with cannabis oil.
The cannabis-brewed beer will be developed at Province Brands’ 123,000-square-foot facility in Grimsby, Ontario, once the manufacture and sale of these products are legalized in Canada. “Beers brewed from the cannabis plant will intoxicate using THC and other phytocannabinoids instead of alcohol. Since there is no barley in beers brewed from the cannabis plant, the beer will be gluten-free and low in calories and sugar,” Province Brands said in a statement.
“Partnering with Province Brands on a cannabis beer is truly a new horizon and we are excited to work with them,” Dennis Marijan, the co-owner of Bell City Brewing, said in a statement.
Bell City Brewing is currently working on beer style concepts with its Master Brewer Muthu Sakthivel, Province Brands’ technical team and Province Brands’ Master Brewer Rob Kevwitch.
Province Brands is an early stage, adult beverage company founded by veteran entrepreneurs with experience in the alcohol and legal medical and recreational cannabis industries. Recently, the company announced that it will expand its planned product portfolio beyond alcohol-free beers with the pending launch of Cambridge Bay Imperial Pilsner, a first-of-its-kind, 7% ABV imperial pilsner brewed from hemp in place of barley which can be sold anywhere alcohol is legally sold. The Imperial Pilsner will be launched first in the Yukon in early 2019 with plans to be sold throughout Canada soon.
Province Brands recently closed its series A round of funding with $10.95-million raised by 91 accredited investors. The company plans to raise a series B of $20-$30 million, which will coincide with its public listing on the Toronto Stock Exchange’s Venture Exchange. The listing will be achieved through a reverse takeover of Colson Capital Corp. (TSX-V: COLS.P), announced on June 5, 2018.