Vancouver, British Columbia – (BUSINESS WIRE) – Diversified Health and Wellness; Beverage and natural products company BevCanna Enterprises Inc. (CSE: BEV, Q: BVNNF, FSE: 7BC) (“BevCanna” or the “Company”) announced today that it has entered into a definitive agreement to jointly manufacture THC / CBD infusions finished Beverages for Enthusiasm, inventor of the beverage brand Chapeau Noir.
Under the agreement, BevCanna will manufacture the Enthusiasm line of chapeau noir foamed beverages infused with cannabis and distribute the products nationwide. BevCanna’s experience in formulating and manufacturing a wide range of infused beverage formats makes the company an ideal solution for creating these unique, high quality beverages. Enthusiasm will define the product strategy and manage all of the design, branding and marketing of the new products. The white label agreement is subject to minimum order quantities over the term and will grow Canadian cannabis sales for the company as it meets growing demand from potential brands and partners.
“BevCanna’s core competencies as a high-capacity beverage manufacturer are an ideal match for the needs of enthusiasm,” said Melise Panetta, President of BevCanna. With the recently announced distribution license partnership with Stigma Grow, we can offer our white label partners a full service solution and enable them to enter the market quickly. ”
“This is the second agreement we have made in as many days,” continued Ms. Panetta. “We are very focused on serving our recently onboard partners while reviewing new partners to meet the demand we have seen since receiving our standard processing license and to announce our distribution licensing partnership. We are one of the few turnkey beverage manufacturers in Canada that can offer an end-to-end solution. This is both a strong endorsement of our white label business model and a significant contribution to our revenue growth in the Canadian cannabis market. ”
“We were looking for a partner with experienced expertise in making quality beverages and the ability to produce these beverages on a large scale,” said Nicholas McCarron, CEO and Co-Founder of Enthusiasmus Inc. “With the high barriers to entry that are inherent in Canadians.” BevCanna, a licensed cannabis industry, is unprecedented in its ability to provide the full-service solution we are looking for. We are therefore very pleased to have signed this contract. ”
About BevCanna Enterprises Inc.
BevCanna Enterprises Inc. (CSE: BEV, Q: BVNNF, FSE: 7BC) is a diversified health and wellness drinks and natural products company. BevCanna develops and manufactures a range of herbal and cannabinoid beverages and dietary supplements for both private label and white label customers.
With decades of experience in the development, manufacture and sale of iconic brands that appeal to consumers around the world, the team has expertise that is unparalleled in the nutraceutical and cannabis-infused beverage categories. BevCanna, based in British Columbia, Canada, owns a pristine alkaline spring aquifer and world-class HACCP-certified manufacturing facility with a capacity of up to 210 million bottles per year. BevCanna’s extensive distribution network includes more than 3,000 retail outlets through the market-leading TRACE brand, the Pure Therapy e-commerce platform for natural health and wellness, the fully licensed Canadian cannabis production and distribution network, and a partnership with U.S. Cannabis No. 1 beverage manufacturer Keef Brands.
About Enthusiasm Inc.
Enthusiasmus Inc. is a new marketing and innovation company working with leading niche companies to improve consumer packaged products and experiences across Canada.
Disclaimer for forward-looking information
This press release contains forward-looking statements. All statements, other than historical facts, that relate to activities, events or developments that the company believes, expects or expects to occur in the future are forward-looking statements. Forward-looking statements in this press release include statements about: the Enthusiastic Agreement and its terms and conditions and benefits anticipated and that the company will receive revenue from the relationship; Consumer preferences for cannabis products such as beverages; Statements on sales growth; and other statements related to the company’s business plans. The forward-looking statements reflect management’s current expectations based on the information currently available and are subject to a number of risks and uncertainties that could cause results to differ materially from those discussed in the forward-looking statements.
While the company believes that the assumptions contained in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly, due to their inherent uncertainty, undue reliance should not be placed on such statements. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: general market conditions; Changes in consumer preferences; and volatility in commodity prices; and other factors beyond the control of the parties. The company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or for any other reason, except as required by law, and the company assumes no liability for the disclosure in respect of others here mentioned company.