Plant-based beverage maker Zola was acquired last week from investment group KarpReilly by California-based cannabis company Caliva for an undisclosed sum, the company announced today. The acquisition will help Caliva to broaden its vertically-integrated cannabis business — which produces flower, vape, and oil products — into beverage through its access to Zola’s research and development team and established retail distribution network.
Zola founder and CEO Chris Cuvelier will continue to lead the brand, in addition to taking the role of head of beverage for Caliva. Speaking to BevNET this week, Cuvelier said he will develop THC-infused beverages to be sold in California dispensaries under the Caliva trademark, as well as CBD-infused beverages under the Zola and Caliva brands for mainstream retailers nationwide. The company could also launch additional cannabis-infused beverage brands; however, there are currently no plans to develop THC-infused beverages under the
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