
Canada-based CBD group Canopy Growth has stopped funding nutritional sports drinks brand BioSteel amid a “significant cash burn” at the unit.
“We believe the brand remains an attractive asset [but] it does not align with Canopy Growth’s cannabis focused asset-light strategy” – Canopy Growth.
Canada-based CBD group Canopy Growth has stopped funding nutritional sports drinks brand BioSteel amid a “significant cash burn” at the unit.