Tilray Acquires Candy Company Smith & Sinclair to Produce CBD Edibles

  • Vladimir Sumina
  • July 25, 2019
  • 0
Tilray CBD-infused edibles

Tilray, a Canadian company specializing in pot products, has acquired Smith & Sinclair, the firm that produces boozy gummies, with a plan to create an entire line of CBD (Cannabidiol) edibles.

Smith & Sinclair, a UK-based company, infuse sweet treats and candies with alcohol, to give them a fun, boozy twist. Among other products, they sell alcoholic lollipops and gummies, edible fragrances, and tablets that can transform a cocktail into a fizzy drink. Tilray will work with Smith & Sinclair to develop new CBD-infused edibles which will then be distributed across the US and Canada.

This deal will provide Tilray with another way to produce interesting cannabis-oriented products, for people who are health-conscious and don’t want to smoke a joint to feel the effects of CBD. This non-psychoactive cannabis compound is now federally legal and in great demand, ever since Congress passed a farm bill legalizing it late last year.

Tilray CEO Brendan Kennedy said: “Over the course of the last nine years, I’ve met most of the cannabis edible companies, and this team was pretty different from anything I had seen in the hemp space and the CBD space. Based on some of the R&D they have done, we believed that they could create some innovative products.”

Smith & Sinclair managing director and co-founder Melanie Goldsmith said: “The acquisition will see a turning point in the journey of Smith & Sinclair, helping us to build our international footprint and bring more ground-breaking products and ranges to market.”

Smith & Sinclair like to present themselves as ‘Willy Wonka for grown-ups.’ Their company mission is to find new ways of making being an adult more fun and less stressful.

Last year, Tilray also partnered with brewing company Anheuser-Busch InBev, in a joint venture to research the possibility of cannabis-based beverages.

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Vladimir is passionate about writing and believes that good stories can be found everywhere – from books, to movies, video games, even short news stories. Every story has the potential to be interesting, fun, and engaging if told well. That’s why he loves sharing them with the world, and he hopes that you will have as much pleasure reading them as he had writing them.