Cannabis business Caliva acquires beverage manufacturer Zola
Plant-based drink business Zola had been obtained by California-based cannabis business Caliva. The acquisition shall assist Caliva broaden its vertically incorporated cannabis company to the drink market through use of Zola’s established retail distribution network, in addition to its research and development infrastructure.
Caliva creates cannabis buds, oil services and products, and vape.
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Zola, that will be headquartered in bay area, Ca, promotes normal hydration through beverages made of plant-based components. Its services and products consist of sugarless and sparkling that is organic water, coconut water, and natural hydrating power drink all in various good fresh fruit tastes.
Chris Cuvelier, Zola founder and CEO, continues to lead the brand name. He will even make the part of Caliva’s mind of drink. Talking to BevNET, Cuvelier said which he will build up drinks that are THC-infused is supposed to be offered in dispensaries in Ca underneath the Caliva trademark. He stated which they currently don’t have plans to produce THC-infused products under the Zola brand.
Cuvelier included that they can additionally develop CBD-infused products, this time around under both Zola and Caliva brands. The CBD products will likely be offered to main-stream merchants over the U.S., leveraging Zola’s existing Distribution team and infrastructure.
He stated that Caliva already started developing beverages that the business expects to introduce later this season. With this, the cannabis company really wants to have beverage manufacturing unit installed and operating by August.
Cuvelier assures that Zola will stay to help make and offer its current arthro cbd pills natural products.
“We got an opportunity that is unique build a profile of brands that may gain item authenticity into the cannabis channel and that can be infused with also hemp-based CBD within the conventional areas,” Cuvelier stated.
He included which they shall probably develop a sub-brand under Zola that will give attention to CBD and leverage Zola’s place within the beverages that are plant-based sector.
Cuvelier shared that Zola and Caliva first came together in October 2018 as he and Caliva’s CEO, Dennis O’Malley, talked at an eBev show meeting panel about interruption into the beverage industry. Then he started talking to Caliva in November, before making a decision to put Zola available for sale this current year.
Caliva, meanwhile, was released in 2015 and contains established a presence in California’s burgeoning cannabis market. The company runs a 110,000-square base center in San Jose which includes 13 grow spaces, a genetics lab, a dispensary, as well as an oil removal center. Caliva’s items are offered in at the very least 250 dispensaries into the state. Caliva presently additionally operates its DSD that is own system.