RE:RE:RE:BEV: Evolving to Health & Wellness Beverage & CPG's CO. I am currently invested in OILS which is the mainly the reason for my due diligence into Bevcanna because the licensing agreement between the two companies. My investment in OILS is partially tied to the performance (or lack of performance) by Bevcanna.
As for the well and licensing. If you were to research the original owners of the well (Miller Springs) you will find the akaline water bottling facility was originally granted to the cattle rancher owned the farmer to help supplement the family income.
No, you are correct not anybody can go out and start bottling water. But going through the proper government application it can be accomplished, as shown by the Miller family. It can most certainly be done for well under $18M. In fact under $2M. And yes Naturo currently has the bottling licensing but does not have exclusive rights to the aquifer from which they remove the water.
The one positive thing (about Naturo) is they own the bottling facility, have distribution, and a water source.
I have very little good too say about Bevcanna as they have not made any of their forward looking statements and the Naturo Group is the only benefactor of income generation.
Presently.
The fact Bevcanna (in yesterday's NR) is obviously placing cannabis infused drinks at the back of the line and their has been no updates as to the cultivation side directly affects my OILS investment.