Eat Beyond adds hemp-based beverages to portfolio

Adds Daydream Hemp and Adaptogen Drinks

Canadian firm Eat Beyond has invested in Daydream Drinks Inc., an Ontario-based beverage company that has created Canada’s first sparkling water infused with hemp extracts and adaptogens.

Daydream’s hemp oil contains below 0.03% cannabidiol (CBD) and zero tetrahydrocannabinol (THC), making Daydream a non-cannabis product. Hemp and adaptogens have a range of benefits, making them a suitable option for Canadian grocery and retail stores.

“Eat Beyond welcomes its first beverage company to our ever-growing food technology portfolio. We like the idea that not only can people eat better but drink better too,”  Eat Beyond CEO Patrick Morris said. “Daydream has shown impressive growth in its brief history and is well-positioned to capture even more of the beverage market in the years ahead.  Its unique and strong branding has positioned it well in the industry for organic, word-of-mouth growth, which is critical for any product that contains hemp as an ingredient in Canada.”