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Why BevCanna is an emerging leader in the infused beverage sector

Dec 17, 2020 Rebecca Loree, Market One Media BevCanna specializes in the manufacturing and distributing of in-house and white-label cannabis-infused beverages and consumer products. , Image courtesy of Market One Media BevCanna is bullish on this market with the company recently executing a Definitive Agreement with Naturo Group Investments Inc. Naturo owns and operates nationally distributed house brands across Canada which are currently sold in more than 3,000 Canadian retailers With attitudes towards cannabis drastically changing over the last few years, coupled with nationwide recreational cannabis legalization, a new vertical is emerging â and itâs drawing investor attention. This new trend is centered around cannabis-infused beverages.

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BevCanna Focused on Burgeoning U S Market for Functional Beverages and Natural Health Products

BevCanna” or the “ Company”) announced its intention today to further expand into the U.S. market, and is evaluating a list of potential strategic partnership and acquisition targets. BevCanna is actively targeting strategic partnerships and M&A opportunities within the American market, as well as the potential to expand further into the U.S. through internal growth projects. The Company is specifically seeking strong beverage brands, manufacturers and distributors that have a wide range of capabilities and established distribution networks. “The U.S. market for plant-based functional beverages and consumer products is exploding,” said Marcello Leone, CEO of BevCanna. “We’re seeing exceptionally strong year over year growth across a number of wellness categories, and as we evolve into a comprehensive health and wellness company focused on plant-based functional beverages and natural health products, we see unlimited opportunities to bring our products and expertise t

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BevCanna Enterprises (BVNNF) - BevCanna To Buy Naturo Group To Create An Unbeatable Combination

The two companies executed a definitive agreement from Dec. 11. Once the transaction is over, Naturo will become a wholly-owned subsidiary of the BevCanna, which will continue to run a joined business of both companies. This means that BevCanna will now own a portfolio of both ordinary and cannabis-based beverages and wellness products. Bevcanna agreed to issue 50 million of its shares to purchase all shares of Naturo, and the agreement requires various conditions to close, such as the approval of the CSE, and shareholder approval by Naturo, among others. Per the deal, BevCanna will fully acquire Naturo’s 40,000 square feet beverage facility, $3.4 million worth beverage manufacturing equipment, a proprietary Health Canada authorized fulvic and humic plant-based mineral formulation, and $10.4 million worth cultivatable land.

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BevCanna to Acquire Established Beverage Company, Naturo Group, With Over $35M in Assets

BevCanna to Acquire Established Beverage Company, Naturo Group, With Over $35M in Assets
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BevCanna Executes Definitive Agreement to Acquire Established Beverage Company, Naturo Group, Including Over $35M in Assets

BevCanna Executes Definitive Agreement to Acquire Established Beverage Company, Naturo Group, Including Over $35M in Assets
businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.

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