Overview
Thanks to widespread legalization, today’s cannabis consumers are free to enjoy an ever-expanding variety of cannabis products. But one of the fastest-growing segments of the cannabis market — as well as the beverage industry — is cannabis-infused beverages. In 2019, the global cannabis beverages market stood at US$367.4 million, an upswing in popularity driven by portion-controlled doses, ease of administration, increasing availability and a desire for healthier alternatives to inhaling cannabis. By 2027, the market is expected to reach US$8.52 billion at a compound annual growth rate of 50.9 percent.
BevCanna Enterprises Inc (CSE:BEV, Q:BVNNF, FSE:7BC) is a diversified health & wellness beverage and natural products company focused on developing and manufacturing a range of plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients. The BevCanna team boasts decades of experience creating, manufacturing and distributing iconic brands that resonate with consumers on a global scale.
BevCanna’s distribution network features more than 3,000 points of retail distribution through the company’s market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network and its partnership with #1 U.S. cannabis beverage company, Keef Brands.
The company commercializes infused beverage products for both in-house brands and white-labeled products. Members of the BevCanna team have offered their expertise through collaborations with leading brands such as PepsiCo., Colgate, Unilever, Arrowhead Springs, Clearly Canadian, and TRACE, which is the world’s first plant-based ancient mineral water beverage with natural product certification through Health Canada. BevCanna has a global multi-channel CPG distribution network including Canada, U.S., Europe, and Asia . The company offers a range of traditional and cannabis-infused beverages and nutraceuticals.
In February 2021, BevCanna received its Standard Processing License from Health Canada, granting full authority to begin production at its full service, high-capacity beverage manufacturing facility. BevCanna owns a 40,000 square foot facility in the Okanagan Valley is HACCP-certified, and fully licensed to manufacture both traditional and cannabis-infused beverages, and an onsite alkaline spring water aquifer where water is naturally filtered through sedimentary rock strata, resulting in pure, premium alkaline spring water bottled at source.
BevCanna is a diversified health and wellness company with a global multi-channel distribution network positioned for growth. The company leverages a network of industry partnerships, including a supply partnership with Nextleaf Solutions, a cannabis processing company with numerous patents for industrial-scale extraction and distillation processes that produce odorless, tasteless and water-soluble THC and CBD. As well as #1 U.S. cannabis emulsion company, Vertosa. BevCanna will infuse Vertosa emulsions into its Canadian cannabis beverages for in-house and white label clients, including Keef Brands. Vertosa’s emulsions are proven to accelerate onset time to an average of eight minutes, prolong shelf-life, increase bioavailability and improve the taste profile of the Company’s cannabis-infused products. Vertosa’s pre-suspended, water-compatible solutions are incredibly homogenous and stable products.
BevCanna is leveraging decades of industry experience, brand acquisitions, strategic partnerships and joint venture opportunities to solidify its position as an early leader in the emerging infused beverages industry.
BevCanna’s Company Highlights
- BevCanna is an early leader in the infused beverage industry, which is expected to reach US$8.52 billion by 2027 at a compound annual growth rate of 50.9 percent.
- The company completed a landmark acquisition of established beverage and nutraceuticals company Naturo Group, which boasts a significant asset base, plant-based beverages and nutraceuticals, significant sales and distribution in over 3,000 points of distribution, and ownership of an alkaline spring water source.
- The company leverages recent strategic acquisition of natural health and wellness e-commerce company, Pure Therapy, with a projected run rate of approximately C$7.68M in revenue and positive EBITDA in 2021.
- BevCanna has evolved into diversified health and wellness; beverage and natural products company with over $55 million in assets on the balance sheet, and a global multi-channel distribution network positioned for intense growth.
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