BevCanna” or the “
Company”) announces today that its recently announced acquisition of Naturo Group Inc. will close on or before January 20, 2021. The coming together of these two industry leaders will a create a comprehensive health and wellness beverage and natural products company, one that generates significant value for both organizations and brings together two exceptionally experienced and innovative leadership teams.
“Bringing these two leaders within the Canadian beverage industry together will unlock significant potential for growth,” said Don Wood, Advisory Board Member of BevCanna and former CEO of Arrowhead Spring Water. “Consumers continue to flock to health and wellness focused products, and BevCanna’s wide range, including the innovative TRACE offering, with its proprietary plant-based mineral beverage, alkaline and sparkling beverages, and natural supplements, is a perfect fit for this progressive market.”
Naturo Group Inc. to close on or before Jan. 20, 2021.
BevCanna, a manufacturer of cannabinoid-infused beverages, will purchase beverage developer and producer Naturo Group, giving it a diverse portfolio of cannabis-infused beverages.
BevCanna highlighted some of the biggest advantages coming from this deal, such as:
Formation of a “development to distribution” beverage production company for both cannabis-infused and traditional products.
Obtaining ownership of an $18 million worth proprietary on-site natural alkaline spring water aquifer at times when water resources are in deficit.
Creating a massive market distribution network that counts more than 3,000 retail points.
Obtaining Naturo’s 40,000 square feet beverage facility, worth $10.4 million.
BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) expects its purchase of Naturo Group Inc. to close on or before Jan. 20, 2021.
The two companies executed the agreement on Dec. 11.
BevCanna, a manufacturer of cannabinoid-infused beverages, will purchase beverage developer and producer. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
IRW-News: BevCanna Enterprises Inc : BevCanna rechnet mit Abschluss von Übernahme der Naturo Group bis 20 Januar 2021 () aktiencheck.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aktiencheck.de Daily Mail and Mail on Sunday newspapers.