Company also announces access to prime B.C. resources via agreement with Naturo Springs
BevCanna Enterprises Inc. (CSE: BEV), an emerging leader in infused innovations, is pleased to announce its business objectives for the second half of 2019 and beyond. The Company’s business objectives for the upcoming six months include:
- completion of testing of water-soluble, powder-based beverages in the United States, with a focus on the California market;
- entry into multiple LOIs with Canadian Licensed Producers for white-label manufacturing of cannabis infused beverages for initial clients for the Canadian market;
- refinement and roll-out of BevCanna’s in-house brand concepts for both the Canadian and United States markets, including Anarchist Mountain Beverages, BevCanna’s first brand, which is inspired by the site of the Company’s bottling operations; and
- identification of a suitable partner and finalization of cultivation crop-sharing agreement with an established Canadian Licensed Producer in respect to the Company’s 100-acre outdoor cultivation site in the fertile Okanagan Valley.
As disclosed in the Company’s prospectus dated June 20, 2019, available under BevCanna’s SEDAR profile at www.sedar.com, the Company also announces that it has entered into an exclusive master lease and services agreement with world-class beverage manufacturer Naturo Springs. The agreement includes exclusive access to Naturo Springs’s alkaline spring water aquifer, from which the Company will source water to infuse with CBD and THC for its cannabis infused beverage products. The partnership also enables BevCanna to cultivate its own sun-grown cannabis biomass, through the lease of 100 acres from Naturo Springs. BevCanna was recently awarded a hemp cultivation license from Health Canada, and is subsequently pursuing a Cannabis Cultivation License. The biomass and pristine spring water will form the basis of BevCanna’s range of innovative infused beverages, for both house brands and white-label clients.
In addition to providing access to these on-site resources, Naturo Springs has agreed to allocate their 40,000-square foot HACCP-approved bottling facility and warehouse for BevCanna’s exclusive use. A Standard Processing License has already been applied for on the existing facility and BevCanna is in the final evidence submission stage.
“We’re incredibly excited to leverage Naturo Springs’s unparalleled natural resources, as well as their extensive manufacturing expertise,” said John Campbell, Chief Strategic Officer of BevCanna. “This partnership will support BevCanna’s transformation from an emerging leader into a global force in cannabis-infused beverages, and will provide an early-mover advantage within the industry.”
“The scalable infrastructure and assets obtained through this deal will allow us to commercialize our own in-house brands and formulations, and will also work with white labelling partners across Canada,” added Emma Andrews, Chief Commercialization Officer at BevCanna. “There’s unmatched expertise on our team, and untapped potential within the infused product landscape.”
Naturo Springs has also obtained pre-approval from the Agricultural Land Commission to expand the facility up to 170,000 square feet, to be used for BevCanna’s future growth strategy. The bottling plant’s current capacity is 72 million bottles per shift/per annum.
BevCanna Enterprises Inc. (CSE: BEV) plans to develop and manufacture cannabinoid-infused beverages and consumer products for in-house brands and white label clients. With decades of experience creating, branding and distributing iconic brands that have resonated with consumers on a global scale, the team demonstrates an expertise unmatched in the emerging cannabis beverage category. Based in British Columbia, Canada, BevCanna has a 100-acre outdoor cultivation site in the fertile Okanagan Valley and the exclusive rights to a pristine spring water aquifer, as well as a world-class 40,000-square-foot, HACCP certified manufacturing facility, with a current bottling capacity of up to 72M bottles per shift/per annum. BevCanna’s vision is to be a global leader in infused innovations.