Molson Coors Beverage Co. said it’s exiting its roughly two-year-old Truss CBD USA beverage joint venture with Hexo Corp. at the end of the year. “While we entered this business in a smart way, it’s going to be very difficult to scale in the short term, making the path to profitability a challenge,” a Molson Coors spokesperson said Friday in an email to MarketWatch. “If the regulatory landscape changes, and if we see stronger demand signals, we can always quickly reenter the space.” Shares of Molson Coors are up 0.5% in afternoon trades. Hexo shares are down 1.9%.
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