BEVCANNA ENTERPRISES INC - BVNNF STOCK NEWS

BevCanna Enterprises has entered into a definitive agreement to co-manufacture CBD and THC-infused beverages for State B Cannabis Beverage Co. This partnership is a strategic move to tap into the Canadian cannabis market, allowing both licensed and non-licensed CPG groups to collaborate. The agreement marks BevCanna's first revenue from its cannabis beverage operations, highlighting its capability in large-scale beverage manufacturing. State B, led by award-winning entrepreneur Kelly Ann Woods, aims to design and market innovative beverages with BevCanna’s support.

BevCanna Enterprises has appointed Melise Panetta as its new President, signaling a transformative phase for the company. With extensive experience in consumer packaged goods from companies like PepsiCo and General Mills, her leadership is expected to enhance BevCanna's growth, particularly in cannabis-infused beverages and natural products. Panetta's role in shaping the international commercial strategy showcases her potential to forge valuable partnerships and accelerate the company's strategic planning. This pivotal appointment underscores the organization's growth potential and industry recognition.

BevCanna Enterprises has entered a supply agreement with Nextleaf Solutions to leverage their Rapid Emulsion Technology for THC and CBD products. This partnership allows BevCanna to develop both in-house and white-label beverages with a tasteless, odorless cannabis distillate. The recent receipt of a Health Canada Standard Processing License will enable BevCanna to advance its commercial validation and market activities. The company is focused on producing high-quality cannabinoid beverages leveraging Nextleaf's innovative technology.

BevCanna Enterprises Inc. (BVNNF) announced a strategic evolution towards becoming a global health and wellness company, focusing on rapid product introduction. Key growth areas include: 1) BevCanna Canada with a newly acquired Health Canada processing license; 2) Naturo Group, enhancing production capabilities; 3) Pure Therapy, expanding into the U.S. market via an e-commerce platform; and 4) partnerships with Keef for U.S. cannabis distribution. This strategic direction aims to leverage significant assets and expand product offerings across diverse channels.

BevCanna Enterprises has appointed Melise Panetta as President, succeeding Martino Ciambrelli, who remains on the Board. Panetta brings extensive CPG experience from companies like General Mills and PepsiCo. Her leadership is expected to drive BevCanna's growth in the cannabis and wellness sectors, focusing on international expansion and the launch of Keef Brands. The company also aims to enhance the TRACE brand's domestic and global footprint. Recent achievements include Health Canada licensing and the acquisition of Naturo Group.

BevCanna Enterprises Inc. has successfully acquired Naturo Group Investments Inc., enhancing its position in the health and wellness beverage market. This transformative deal adds over $55 million in assets and a robust distribution network comprising over 3,000 retail stores. The acquisition includes Naturo's TRACE mineral beverage brand and a state-of-the-art 40,000 square foot manufacturing facility. The merger aims to leverage economies of scale for improved margins and increased market share, providing a promising outlook for growth and revenue generation.

BevCanna Enterprises has successfully closed its acquisition of Naturo Group Investments, enhancing its position in the health and wellness beverage sector. This strategic move consolidates over $55M in assets and a robust global sales network. Key benefits include direct ownership of a valuable alkaline spring water aquifer, a network of over 3,000 retail outlets, and state-of-the-art manufacturing capabilities. This acquisition aligns with the growing demand for plant-based and cannabis products, positioning BevCanna for significant market expansion.

BevCanna Enterprises has received a Standard Processing License from Health Canada, enabling the company to begin production at its high-capacity beverage manufacturing facility. This license allows BevCanna to produce both in-house and white-label products, including the popular Keef cannabis beverage brand. The company is set to benefit from its acquisition of Naturo Group and the Pure Therapy e-commerce platform, positioning it for multiple revenue streams in the growing Canadian cannabis-infused market.

BevCanna Enterprises has entered an amended agreement with Naturo Group Investments to finalize their acquisition. This strategic move will enhance BevCanna's position in the health and wellness beverage sector, with over C$55M in combined assets and a vast distribution network. The transaction is set to close within 10 days, establishing a diversified portfolio including cannabis and plant-based products. Notably, the company will directly own a C$18M alkaline spring water aquifer, supporting long-term growth strategies.