In 2013, Marcello Leone, CEO and Founder of BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), was suffering from a series of afflictions. He would get walking pneumonia twice a year and experience a flare up in his runners’ knee nearly every other day; it was then that Leone’s wife introduces him to TRACE, a plant based functional beverage. After trying it once, Leone never looked back (https://cnw.fm/8kPP1). Over the past several years, BevCanna Enterprises, a diversified health & wellness beverage and natural products company developing and manufacturing a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients, has seen its business go from strength to strength, recently being recognized as one of the Top 101 Food and Beverage Startups and Companies in Canada with its products now available online and at over 3,000 points of regulated and traditional points of sale across the nation; Accounting for the cannabis distribution and the traditional CPG distribution.
In a recent interview, Leone elaborated on how BevCanna had actively sought to differentiate their business model from others within the beverage space, “We focus on alkaline and plant-based functional beverages and nutraceuticals as well as CBD and THC infused beverages. So, we are a little bit unique in that respect as we have one of our divisions which is a CPG division and then we have our other division which is a federally licensed producer of cannabis infused beverages.”
A key pillar underpinning the company’s model has been its full-service white label beverage manufacturing solution, which has seen the company partner with several iconic brands in their bid to enter the Canadian market. Offering a range of services which include, beverage processing, product development, packaging, and distribution, BevCanna’s current portfolio of brand partnerships include the likes of the United States’ leading cannabis beverage brand, Keef (cannabis-infused classic soda), the Tinley Beverage Company, Averi Health Products, Green Monké, and the Xebra Brand Ltd, among others. Simultaneously, BevCanna have also sought to further their commercial appeal – recently arriving at an agreement with UNFI Canada as well as the wholesale distributor Koyo Foods Inc. Seeing the company’s wholly owned subsidiary Naturo Group’s TRACE line of products to retailers, In a deal which will result in significant expansion of the companies over 3,000 points of retail distribution across the country.
BevCanna Enterprises’ strong execution and expanding white-label brand portfolio has been reflected in their recent financial results, with the company reporting third quarter 2021 results which saw their revenues rise by upwards of 1,000 percent to $1.1 million. At the time BevCanna Chief Financial Officer, John Campbell remarked, “As we closed out the third quarter, we delivered impressive revenue growth of more than 1,000%, achieving $1.1 million in sales, compared to $94,000 in the year-ago quarter… Our third-quarter results are further evidence of the company’s continued execution and the impact that our brands are having on the market.” (https://cnw.fm/JVSbk).
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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