Golden Grail Technology announced its new brand, Scorpion, a hemp-infused energy drink. Golden Grail has signed a 10-year worldwide licensing and distributing agreement for Scorpion Energy Drink. The company will be redeveloping the formula to include the popular ingredient hemp.
“Golden Grail strives to stay on trend and include product offerings that today’s consumers want. We are very excited about our deal with Scorpion and we are working hard at developing a healthy, hemp-infused energy formula to market under Scorpion. This brand will compliment Spider, our great tasting energy drink,” said Steven Hoffman, CEO Golden Grail.
According to Brightfield Group research agency, sales of Hemp/CBD drinks are expected to hit $2.5 billion by 2025.
Golden Grail Technology is a fast-growing company with a strategic mission to build and streamline the growth of its beverage portfolio through fiscally responsible investing. The company targets brands that have a proven sales history, loyal consumer following, retail presence and strong value proposition who need assistance to get to the next few levels. Golden Grail has been actively acquiring brands within emerging beverage categories, such as energy, flavored water and sparkling flavored water. Its robust product offerings reach multiple demographic and lifestyle categories, creating a dynamic, comprehensive and diverse beverage portfolio.
After an acquisition, the company utilizes a series of operational technologies to apply its business expertise, fiscal techniques and various manufacturing processes know-how to improve the economics and performance of each brand while advancing marketing and distribution for its beverage holdings.
