Velada cannabis coffee, tea products set for sale in Ontario

The cannabis drinks will feature coffee flavours like café olé, matcha latte, golden milk latte, and hot chocolate.

The Good Shroom Co Inc. says its coffee products are vegan, gluten-free, non-GMO, and contain no sugar. Sergei Chuyko/Getty Images

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An Ontario company says its cannabis-infused instant coffee and tea will be available in the province next year.

The Good Shroom Co Inc. made the announcement in a media release Wednesday (September 1) about its Velada line of beverages.

“This is the first step in a nationwide campaign to distribute Velada branded products across the entire country over the course of the next twelve months,” the company stated.

A June 17, 2021 release by TGSC described Velada as the “first mushroom-based instant wellness beverage in Canada which contains cannabinoids”.

Moreover, the powdered coffee and tea mixes are vegan, and dairy-, gluten- and GMO-free.

In that release, the Toronto-headquartered company explained that it will offer a “low THC version of the beverages with a 2:1 CBD:THC ratio for optimal effectiveness”.

This will contain 4.5 milligrams of THC and nine milligrams of CBD per serving “in order to have an expanded and versatile offering to appeal to a wider variety of customers”.

In the same June 17 release, the company indicated that its wholly owned subsidiary, Teonan Biomedical Inc., has received authorization from Health Canada to sell and distribute Velada coffee and tea beverages.

Teonan holds a micro-processing licence from Health Canada under the Cannabis Act.

The licence allows it to manufacture and develop topicals, extracts, and edible cannabis products, including beverages.

In the September 1 release, the company explained that the Velada line of cannabis-infused instant coffees and teas come in different flavours. These are café olé, matcha latte, golden milk latte, and hot chocolate.

“Each flavor has two options, one containing CBD only and a second containing CDB and THC at a 2:1 ratio,” TGSC stated.

It added that the coffee and tea products come sugar-free as well.

The Velada brand of cannabis products will be available online and in stores in Ontario starting January 2022.

TGSC trades at the TSX Venture Exchange under the ticker symbol MUSH.

As of this post, MUSH was trading at $0.16 per share.

Follow Carlito Pablo on Twitter at @carlitopablo

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