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BevCanna Announces Receipt of Health Canada Standard Processing License
February 16, 2021 GMT
VANCOUVER, British Columbia (BUSINESS WIRE) Feb 16, 2021
Emerging leader in innovative health and wellness beverages and products, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“
BevCanna ” or the “
Company ”) is pleased to announce that it has received a Standard Processing License from Health Canada. The Company is now fully authorized to begin production at its full service, high-capacity beverage manufacturing facility. BevCanna will begin production of its white-label products, #1 U.S. cannabis beverage brand Keef and its in-house beverages, through licensed Canadian retailers, positioning the Company to fully capitalize on the burgeoning Canadian cannabis-infused beverage sector.
Press release content from Business Wire. The AP news staff was not involved in its creation.
BevCanna’s Pure Therapy Reports Record Monthly Revenue
January 20, 2021 GMT
VANCOUVER, British Columbia (BUSINESS WIRE) Jan 20, 2021
Emerging leader in health and wellness beverages and products, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“
BevCanna ” or the “
Pure Therapy, has achieved record sales since its acquisition by BevCanna in September 2020.
The direct-to-consumer e-commerce platform has continued its strong 2020 revenue growth into the first quarter of 2021, with extremely positive month-to-date revenues. The Company has continued to invest in strategic new product integration and customer acquisition, with a resulting projected run rate of approximately C$7.68M in revenue and positive EBITDA of C$.37M to date in 2021. The company has also acquired 3,270 new active customers since its acquisition by BevCanna.
BevCanna Completes $5M Capital Injection, Including a Fully-Subscribed $3 5M Above Market Offering at $1 50 financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
BevCanna Advances to Final Stage of Health Canada Standard Processing Licence VANCOUVER, British Columbia (Business Wire) Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“
BevCanna” or the “
Company”) is pleased to announce today that its application for a Standard Processing Licence has advanced to the final stages of the in depth review with Health Canada.
BevCanna and Health Canada are in closing discussions. The Company submitted its formal responses to Health Canada’s Request for More Information (RMI) on December 8, 2020, and has received confirmation from the Health Canada Assigned Reviewer that no additional RMIs are anticipated.
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.”