The American Trade Association for Cannabis and Hemp (
ATACH) announced the formation of ATACH s Cannabis Beverage Council.
The Council will bring together the most established cannabis and beverage leaders focused on expanding the cannabis beverage market. The canna-drink market doubled over the past two years according to cannabis-industry analytics firm
Headset s 2019 cannabis beverage report. BDSA Analytics cites the canna-beverage market as making up 5 percent of overall cannabis sales in the United States and 23 percent in Canada, suggesting further U.S. growth. The Council is where cannabis industry leaders and beverage companies convene and forge a new beverage market by harmonizing canna-beverage policies across the country, said ATACH President Michael Bronstein.
The American Trade Association for Cannabis and Hemp (ATACH) confirmed Wednesday it will create a Cannabis Beverage Council.
The association further noted that the council will include eminent cannabis industry veterans who are concentrate on the cannabis beverage sector.
According to Headset s 2019 cannabis beverage report, the cannabis beverage market doubled in the last two years. BDSA Analytics noted that out of the total cannabis sales in the U.S. and Canada, cannabis-infused beverages accounted for 5%, and 23%, respectively. The Council is where cannabis industry leaders and beverage companies convene and forge a new beverage market by harmonizing canna-beverage policies across the country, ATACH President Michael Bronstein said.
Investor Ideas Potcasts #523, Cannabis News and Stocks on the Move; (TSX: WEED) (NASDAQ: CGC) (OTC: PURA) (OTC: ALKM) (TSXV: ELXR)
Delta, Kelowna, BC - January 27, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
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Today s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com Potcast featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
Post money valuation: $25 million
Biggest funding round of 2020: $1 million raised in a convertible note deal. The company said it is looking to raise Series A funding this year.
Total raised to date: $2 million
What the company does: Abstrax is a California-based research firm that creates terpene profiles active chemicals in the cannabis plant for use in isolates, vaporizers, or even as food and beverage additives.
Why investors like the company:
Panther Opportunity Fund s principal
Jordan Tritt says that Abstrax is pioneering consumer sensorial experiences in the cannabis industry. Their cutting edge research, development and formulations have the potential to revolutionize various consumer packaged goods products, he continued.
BellRock Brands Confirms Previous 2020 Financial Guidance of Merged Companies; Issues 2021 Guidance
01/13/2021 | 06:06am EDT
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BellRock Expects to Continue Delivering Significant Revenue and Cash Flow Growth in 2021 with a Focus on Scaling Operations and Expanding its Brand Platform
DENVER, Jan. 13, 2021 /PRNewswire/ - BellRock Brands Inc. ( BellRock or the Company ) (CSE: BRCK.U), an industry-leading cannabis consumer packaged goods ( CPG ) multi-state operator ( MSO ), is reporting that it has exceeded its previously announced guidance of $40 million pro forma revenue for 2020 and is issuing revenue and adjusted EBITDA guidance for 2021. The 2020 guidance was based on pro forma revenue results as if BellRock Brands had been formed on January 1, 2020 via the business combination of BR Brands and Dixie Brands (the Merger ).