Koios Beverage Corp. (OTC: KBEVF) (CSE: KBEV) is pleased to announce that the world’s first cannabis infused nootropic beverage is scheduled for release in November.
The new product will be a collaboration with the Company’s partner Keef Brands, a division of CanCore Concepts Inc. (CanCore), and Koios’ wholly owned subsidiary Cannavated Beverage Corp. Cannavated was formed specifically to license the nootropic formulas to other companies working in the area of cannabis-infused beverages.
Keef Brands will manufacture, market and sell a line of beverages that are not only infused with THC, but also contain the nootropic supplements from the Koios line of brain enhancing functional beverages. The resulting product will be the first in the world to combine cannabis infusion with nootropic supplements that enhance the consumer’s mental acuity.
Keef Brands has the exclusive rights to the Cannavated nootropic formula for Colorado, with the option of expanding the licensing agreement throughout the U.S., provided it complies with all rules and regulations in the markets where cannabis has been made legal.
“We first announced this joint development project in early September, and we’re very pleased to be able to announce this ground-breaking cannabis beverage will be available in Colorado in November,” said Koios Chief Executive Officer Chris Miller. “This is also the first product we are releasing through our partnership with Keef Brands, one of the world leaders in the cannabis beverage industry.”
Gross profits from sales – after calculating the overall Cost of Goods Sold (COGS) – will be split evenly between Cannavated and Keef Brands.
The non-carbonated cannabis beverage will be high in cannabidiol – better known as CBD – but will also contain THC, which is the psychoactive ingredient in the cannabis plant. This initial product will contain four parts CBD to one part THC, with 20 milligrams of THC in a 12-ounce can.
Cannavated was formed as a separate company that licenses its proprietary nootropic formulations to companies that independently research and produce cannabis-infused beverages.
Keef Brands, through its network of licensed manufacturing partners, is among the world’s largest producers and distributors of cannabis beverages, and is the leading producer in Colorado by volume, where both companies are located.
“This partnership allows us to introduce a very exciting and very unique product to the cannabis market,” said Keef Brands Chief Operating Officer Travis Tharp. “Cannavated is a market leader in the area of mind-enhancing, nootropic beverages, and we feel combining our areas of expertise has allowed us to provide our customers and distributors with a product no other producer can currently match.”
Initial distribution of the new cannabis beverage will be limited to the State of Colorado, but will expand to other jurisdictions in the US once the two companies can be assured production will meet demand.
On behalf of the Board of Directors of the Company.
Chris Miller, CEO and Director, KOIOS BEVERAGE CORP.