Oct 27, 2021 (Investor Brand Network via COMTEX) -- BevCanna Enterprises (otcqb:BVNNF) , a diversified health and wellness beverage and natural products company, recently announced a series of new corporate developments designed to further broaden its commercial prospects. Among these, BevCanna recently entered into a sales service agreement with Velvet Management Inc., Canada's leading cannabis sales agency. In addition, the company signed multiple product purchase agreements with the British Columbia Liquor Distribution Branch ('BCLDB'), a testament to BevCanna's rapidly expanding distribution network across Canada. This comes on the heels of two similar agreements with Alberta Gaming and Liquor Commission ('AGLC') and Ontario Cannabis Store ("OCS"). "Functional drinks and drinks based on plant derivatives -- including those containing cannabis- or hemp-derived ingredients like cannabidiol ('CBD') or tetrahydrocannabinol ('THC') -- have rapidly established themselves as one of the fastest-growing verticals within the North American beverage industry," reads a recent article discussing the company's positioning. The piece also mentions a recent study forecasting the global cannabis drinks sector to triple in value to $5.8 billion by 2024. "While a number of large global brands, including AB InBev and Molson Coors have recently announced plans to produce CBD-containing products, there is no doubt that the cannabis drinks market remains largely untapped."
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About BevCanna Enterprises Inc.
BevCanna Enterprises is a diversified health and wellness beverage and natural products company. BevCanna develops and manufactures a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients. With decades of experience creating, manufacturing and distributing iconic brands that resonate with consumers on a global scale, the team demonstrates an expertise unmatched in the nutraceutical and cannabis-infused beverage categories. Based in British Columbia, Canada, BevCanna owns a pristine alkaline spring water aquifer and a world-class 40,000-square-foot, HACCP-certified manufacturing facility, with a bottling capacity of up to 210M bottles annually. BevCanna's extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network, and a partnership with top U.S. cannabis beverage company Keef Brands. For more information about the company, visit www.BevCanna.com .
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