The global beer giant and the cannabis company are looking into non-alcoholic drinks containing THC and CBD through the tie-up, which is limited to Canada.
The investment from the €225m Cerea Capital II fund to acquire a majority stake in ICKO will enable the beekeeping equipment supplier to expand globally and extend its research and development operations.
The facility will enable the expansion of the group’s sunflower oil and renewable energy production and improve agri-infrastructure in its home country.
The firm is enlarging its rural team in the UK and introducing an ag-finance service to broker deals between farmers and investors, providing expertise amid Brexit uncertainty.
The new venture combines three irrigation companies bought by the private investment firm Arable Capital Partners and aims to provide growers the right tools to produce sustainably.