Iced Tea Maker Teams Up with Cannabis Company to Produce THC Products
The makers of AriZona Iced Tea have teamed up with a Denver-based cannabis company to develop and sell cannabis infused products.
On Aug. 2, Dixie Brands Inc., a leading cannabis CPG company, and AriZona, the maker of the #1 selling iced tea in America, signed a binding letter of intent to partner for the production, distribution and sale of cannabis-infused products containing tetrahydrocannabinol (THC).
Under the terms of this deal between Dixie Brands Inc., and the AriZona brand, through its affiliated entity, Herbal Enterprises, LLC, will direct brand and product conceptual design; while Dixie Brands will develop, formulate, manufacture and distribute the new portfolio of AriZona branded THC infused consumer packaged goods.
“The cannabis market is an important emerging category, and we’ve maintained our independence as a private business to be positioned to lead and seize generation-defining opportunities exactly like this one,” said Don Vultaggio, chairman, AriZona Beverages. “The cannabis category is an ideal space to bring the flavor and fun of AriZona into new and exciting products, and we selected Dixie Brands as our partner to bring these products to market after touring their best in class manufacturing facilities, and spending considerable time building a strong relationship with their management.”
The products will only be available in states where marijuana is legal.