Emerging Markets Report: It’s a good time to be a Cannabis Beverage Company.
BevCanna Enterprises (BVNNF) is positioned to capitalize on the growing cannabis beverage market, which has seen extraordinary growth, with sales up 68.4% in Q1 2021 compared to last year. The company, led by former PepsiCo executive Melise Panetta, has enhanced its leadership team and expanded its products. BevCanna operates a 40,000-square-foot manufacturing facility and has a distribution network exceeding 3,000 retail points in Canada. As summer approaches, sales are expected to increase further, signaling a promising outlook for the cannabis beverage industry.
- Sales in the cannabis beverage sector grew 68.4% in Q1 2021 YoY.
- BevCanna is expanding under experienced leadership, including former PepsiCo executive Melise Panetta.
- The company operates a 40,000-square-foot certified manufacturing facility with a capacity for 200M bottles annually.
- BevCanna boasts over 3,000 retail distribution points, enhancing market reach.
- None.
An Emerging Markets Sponsored Commentary
ORLANDO, Fla., April 23, 2021 (GLOBE NEWSWIRE) -- A report just released in early April confirms that the cannabis beverage sector is thriving. According to this report from industry stalwart, Marijuana Business Daily, while sales for vapes, pre-rolls and flower were lackluster, cannabis beverages shined:
“The beverage category continued to shine in the first quarter, leading all categories with sales growing
That’s a staggering increase. And from the looks of the numbers, it’s a trend, not a fad. Cannabis beverages are becoming an option for consumers as more and more hit shelves and brands get smarter about dosing, flavors, and what customers want. With the summer months fast approaching, sales have been picking up in key markets.
It’s a good time to be a health and wellness company, and the cannabis beverage space as the category leads the industry in growth. There are only a few companies leading the industry, including HEXO Cannabis Canopy Growth Corp, Keef Beverages (Private). BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) has been making significant progress recently, and is now run by former Pepsi Co. executive, Melise Panetta, a veteran CPG and Cannabis executive with years of expertise selling and marketing some of the world’s most recognized beverage brands. It also added two veteran CPG (Consumer Packaged Goods) senior sales leaders to the organization.
Bevcanna not only owns their own water source, a pristine alkaline spring water aquifer in British Columbia, but a world–class 40,000–square–foot, HACCP certified manufacturing facility which has a bottling capacity to produce up to 200M bottles annually. BevCanna’s extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand in Canada, a growing natural health and wellness e-commerce platform, Pure Therapy, its fully licensed Canadian cannabis manufacturing plant and distribution network, and a partnership with #1 U.S. cannabis beverage company Keef Brands.
Growing product line, world class leadership, and a growing sales team with experience, BevCanna is positioned to capitalize on the growing demand of Cannabis 3.0 beverages, and it’s looking to capture a piece of the market, which appears to be one of the hottest right now in the ever expanding cannabis industry.
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