- BevCanna Enterprises is a diversified health & wellness beverage company which specializes in providing white-label production and distribution solutions to its various partners
- The company recently entered into a manufacturing and distribution agreement with Averi Health Products, which will see BevCanna market Averi’s diverse range of non-alcoholic, cannabis-infused cocktails
- BevCanna has recently announced tie-ups with Keef Brands as well as with The Tinley Beverage Company to produce and distribute its products within the Canadian territory
BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health & wellness beverage and natural products company developing and manufacturing a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients, has recently announced that the company has entered into an agreement to manufacture and distribute white-label cannabis beverages for Averi Health Products (“Averi”).
Averi Health Products is an emerging alternative beverage company founded by Terry Donnelly, former CEO of the award-winning Hill Street Beverage Co. Catering to the rapidly changing consumption preferences of millennials who are increasingly choosing to consume less alcohol than preceding generations, Averi has focused its efforts around creating cannabis and hemp-infused adult beverage options directed at consumers with a discerning palate, who are unwilling to compromise on taste, complexity, sophistication, or social experience.
Drawing from a library of over 6,000 flavors, Averi will seek to formulate sophisticated classic cocktails which replicate the flavor profile of some the world’s most traditional and best-selling cocktails, while boasting zero alcohol content. Averi will now seek to introduce its growing portfolio of cannabis-infused beverages into the Canadian market through BevCanna’s unique white-label partnership model, which seeks to provide non-licensed partners with access to the Canadian cannabis market in a seamless and compliant manner.
“Averi is a great example of this next generation of beverage creators that are coming to BevCanna to bring its cannabis-infused concepts to life,” said Melise Panetta, President of BevCanna. “Our white-label program gives these brands confidence that its beverages will be produced to the highest quality standards and widely distributed through our extensive Canadian network.”
With the global cannabis drinks market set to treble in value by 2024, rising from $1.82 billion at the end of 2020 to $5.8 billion within four years, a range of boutique and global brands have sought to tap the market and capitalize on the stratospheric growth rate witnessed within the sector through the introduction of new CBD-derived beverage products (https://ibn.fm/jC6CO).
Through its unique white-label solution that provides robust beverage manufacturing and compliant distribution capabilities in the Canadian recreational cannabis market, BevCanna Enterprises has played a key role in sponsoring the entry of a variety of foreign beverage products into the budding Canadian cannabis-infused beverage market. In early August, BevCanna announced that it had successfully completed the first commercial production run for leading U.S. beverage brand, Keef Brands, with the brand’s cannabis-infused beverages selling out to select provincial distribution boards across Canada (https://ibn.fm/THLip). BevCanna also announced that it had entered into a definitive agreement with The Tinley Beverage Company Inc. (CSE: TNY) (OTCQX: TNYBF) to co-manufacture its award-winning cannabis-infused beverages for the Canadian market, a partnership that will see BevCanna produce and distribute Tinley’s ready to drink product portfolio.
For more information, visit the company’s website at www.BevCanna.com.
NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://ibn.fm/BVNNF
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