- BevCanna is company developing diversified portfolio of health and wellness products for both in-house brands and white-labeled clients
- Company deploys a traditional retail and direct-to-consumer e-commerce model to offer products throughout North America
- Company actively explores opportunities within infused beverages market as CBD-infused beverages gain popularity; global market expected to reach US$2 billion by 2026
BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) is a Canada-based diversified health and wellness beverage and natural products company developing and manufacturing a diverse portfolio of alkaline, plant-based, and cannabinoid beverages and supplements for in-house brands and white-label clients alike. Founded in 2017, BevCanna was quick to leverage a unique value that its team of established beverage experts brings to the table – deep knowledge of consumer preferences and buying behavior that inspires the creation of products that appeal to consumers at a mass scale.
Committed to promoting wellbeing and quality of life through products it creates, the Company sees an opportunity in the infused beverages market as consumers seek new products that are aligned with a more health-conscious lifestyle. ReportLinker, an AI-driven market intelligence company, finds that the global cannabis beverages market is expected to reach US$2 billion by 2026. The US segment, where CBD-infused beverages are gaining popularity as they are becoming readily available through mainstream retail outlets, is estimated at US$649.1 million in 2021, accounting for a 70.9% share in the global market. According to the report, the changing legal status, growing societal acceptance, and increasing awareness of CBD benefits are attracting more and more food and drink companies to this burgeoning market as demand and sales grow (https://cnw.fm/5b75u).
With an innovation-focused approach, BevCanna itself employs an in-house brand and white label beverage manufacturing model in the cannabis beverage arena with distribution in regulated retail and online sales channels.
Naturo Group (wholly owned subsidiary) employs an in-house brand and white label beverage manufacturing model in the CPG (traditional beverage + Natural product) arena with distribution in traditional retail and online sales.
Pure Therapy (wholly owned subsidiary) employs a direct-to-consumer e-commerce model to sell natural health products, including nutraceutical and plant-based products across North America.
With decades-long experience commercializing innovative products, the BevCanna team has a track record of developing highly customizable products, such as wellness and recreational beverages, that are targeted to various markets, including value, craft, and premium. Committed to building a lasting business and establishing dominance in the product category, BevCanna remains open to acquisitions, joint venture opportunities, and strategic partnerships. The Company appears confident that there exists a vast room for growth as consumers are just starting to explore opportunities within this dynamic product category.
For more information, visit the company’s website at www.BevCanna.com.
NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://cnw.fm/BVNNF
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