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Bevcanna Enterprises Inc C.BEV

Alternate Symbol(s):  BVNNF

BevCanna Enterprises Inc. is a diversified lifestyle and wellness consumer packaged goods company. The Company operates through three segments: non-cannabis beverage, cannabis beverage and eCommerce. The non-cannabis beverage segment consists of alkaline and mineralized beverages, which include the development and manufacturing of TRACE brand and other beverages and supplements. The cannabis beverage segment is engaged in the development and/or production of cannabinoid beverages and supplements for both in-house brands and white-label customers. The eCommerce segment includes direct-to-customer sales of natural health products, including nutraceutical and hemp-based cannabidiol (CBD) products. It owns a pristine alkaline spring water aquifer and has an approximately 40,000 square foot manufacturing facility in Osoyoos, British Columbia. The Company has various distribution network that includes traditional and regulated retail distribution, and online marketing.


CSE:BEV - Post by User

Comment by shnepson Mar 17, 2022 11:42am
63 Views
Post# 34522090

RE:Bevcanna Shareholder Must Read

RE:Bevcanna Shareholder Must ReadI haven't had a chance to thoroughly read but here's a snippit of just one - 

"On January 22, 2021, the Company entered into a securities exchange agreement with Skal Infused Drinks Inc. (“Skal”) and paid 12,500,000 common shares at a price of $0.40 per share to the shareholders of Skal to acquire 100% of the outstanding shares of Skal. As part of the securities exchange agreement, the Company also issued 25,000,000 share purchase warrants for the acquisition of Skal. Each share purchase warrant is exercisable at $0.50 for one common share of the Company for a period of six months from the issue date. The acquisition of Skal includes $10,000 cash and intangibles consist of a list of intellectual property of proprietary flavored and nonflavored drink formulations. Upon the completion of the acquisition on January 25, 2021, Skal became the wholly owned subsidiary of the Company."

They paid $5M for Skal on January 22nd 2021
Skal did not exist as a corporation until December 10th 2020.
Bevcanna entered into the agreement to puchase Naturo December 11th 2020.

They sure were busy.
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