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Splash Beverage strikes JV to enter hemp-THC drinks
Yahoo Finance· 2025-11-26 22:04
Splash Beverage Group has marked its expansion into the hemp-THC drinks category through a new joint venture with BAAD Ventures, the owner of Nimbus THC flavoured seltzers. According to a statement on the New York stock exchange, under the terms of the new joint venture, Splash will hold a 51% ownership interest in the JV, with BAAD owning 49%. It comes as US Congress and President Trump recently passed a funding bill that is set to tighten restrictions on sales of hemp-THC drinks in the country. The bi ...