- House of Terpenes™ Valencene & Sparkling Tonic
- XMG™ Citrus and XMG™ Watermelon
- Veryvell™ Honey Green Iced Tea
- Little Victory™ Lemonade
- Mollo™ 5 Lime
“We’re delighted with the reception to the portfolio to date,” said Scott. “We’ve sold over two million units and took leadership of the category in early 2021 with a 43 per cent market share3. The category shows no signs of slowing down and we expect it to continue to evolve and grow well into the remainder of 2021.”
Since the legalization of cannabis 2.0 products, cannabis beverages have become a welcome option for consumers, for offering both consistency and an alternative way to consume cannabis. 44 per cent of current legal age Canadian cannabis consumers say they will buy beverages in addition to other cannabis products4, and 35 per cent consume cannabis beverages because it means they don’t have to smoke5.
“The summer season is a huge buying opportunity for the cannabis beverage category,” said Lori Hatcher, Head of Marketing at Truss Beverage Co. “We’ve worked in close collaboration with our community of consumers and budtenders to bring together a selection of fresh, new beverages made with natural flavours that are perfect for those outdoor summer occasions. We’re so excited to bring these to market over the coming months and to see the reception from consumers as they continue to navigate this fast-evolving category.”
Everyone’s experience with cannabis is personal, so for Canadians of legal age starting to explore cannabis beverages this summer season, Truss advises to start low and sip slow. Products from the Truss Beverage Co. lineup are available at authorized local cannabis stores and authorized online retailers. The new products will begin rolling out over the next four months. To learn more, visit www.TrussBeverages.com.
About Truss Beverage Co.
Truss Beverage Co. is a joint venture between MolsonCoors Canada and HEXO Corp., a licensed producer of cannabis products in Canada; formed to lead innovation in the development of non-alcoholic, cannabis-beverages for the Canadian market. Produced through Truss/HEXO Cannabis-Infused Beverages, a division of HEXO, the Truss portfolio will have a range of products for Canadian consumers of legal age, providing a variety of taste experiences for multiple beverage occasions. Truss Beverage Co. will deliver on its promise to be the cannabis beverage specialist through extraordinary products and marketing that reinforces its commitment to responsible adult use.
1 Monthly retail sales of beer, wine and liquor stores in Canada from 2015 to 2020 (in billion Canadian dollars) – 2019 figure reference, May – August
2 Findings of a survey conducted by Truss Beverage Co. from Nov 4, 2020 to Nov 9, 2020 with a sample of 1,500 Canadian cannabis non-rejectors online who are members of the Angus Reid Forum.
3 Truss internal proprietary market share tracker from February 1, 2021 through February 28 2021, representative of dollar share.
4 Deloitte Nurturing New Growth, Cannabis 2019
5 Findings of a survey conducted by Truss Beverage Co. from Nov 4, 2020 to Nov 9, 2020 with a sample of 1,500 Canadian cannabis non-rejectors online who are members of the Angus Reid Forum.