This Post Was Syndicated Under License Via QuoteMedia
ORLANDO, Fla., March 05, 2021 (GLOBE NEWSWIRE) — Some
pretty important news
out of health and wellness; beverage and natural products company
BevCanna Enterprises Inc.
(CSE:BEV, Q:BVNNF, FSE:7BC)
this week. For those of you following the Company with us, stay tuned.
For those of you new to this compelling consumer packaged goods and cannabis opportunity, stick around.
In a press release titled “
BevCanna Provides Outlook on Strategic Evolution to Global Health and Wellness Company
” the Company laid out some pretty strong guidance as to their goals and objectives in the very near future. To sum it up, the Company plans to rapidly accelerate the introduction of new products in the marketplace.
The Company does a thorough job laying out the four growth verticals. Let’s take a look:
– On the heels of receiving a coveted Health Canada Standard Processing License (SPL) to manufacture and sell cannabis beverages and products in the Canadian market the Company can now start production on its Keef beverages and white labels in major Canadian markets. Partner this with a a commercial roll-out strategy and new B2B relationships with other license holders and non-license holders in the Canadian market and there is significant growth opportunity to be had.
– This is a recent BevCanna acquisition of Naturo Group which could really accelerate the Company’s entry into the growing health and wellness industry. The deal gives them a 40,000 sq. ft. manufacturing facility, alkaline spring water aquifer, 315-acres of land, and more. All this could really expedite monetization of their leading plant-based beverage and nutraceutical brand, TRACE.
– This is the big American+ play for the Company via the recently acquired U.S. & international hemp & nutraceutical Pure Therapy e-commerce platform which sells a range of natural health products, including nutraceutical and hemp-based cannabidiol products throughout North America and Western Europe. It’s significant because of the size of both of those marketplaces which if exploited would be revenue accretive to the Company’s firm foothold in Canada. It’s worth mentioning that the Company now owns a proven e-commerce platform through which they can sell ALL their legally permitted products. Remember when Wal-Mart bought start-up online retailer Jet.com just to get a jumpstart on e-commerce?
Read this article
and ask yourself what’s in common.
Not only does the Company have a significant foothold and barrier to entry in the Canadian cannabis sector, as well as U.S. health and wellness e-commerce sector; But the Company seeks to pursue rapid U.S. cannabis growth vis-à-vis an exclusive partnership with award-winning, #1 U.S. cannabis infused beverage company, Keef. BevCanna will have access to Keef’s extensive U.S. manufacturing and distribution network of over 1,000 dispensaries and delivery services across Colorado, California, Arizona, Nevada, Michigan, Oklahoma, and Puerto Rico.
It’s a lot. Even our pithy distillation herein is a word or hundred longer than the Internet’s general attention span. But smart money reads the details, looks at trajectories and potential, weighs the risk and reward.
And if you’re as obsessed with significant assets and established revenue streams as an indicator of success and valuation, and a rapid expansion of the company’s portfolio of products elegantly across a multi-channel sales and distribution network, BevCanna’s recent news should be of interest.
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