RE:Entering the Cannabis Beverage Space Below is a snip from a Bloomberg article, New age is looking to build out..Tinley already has a national presence:
Like other would-be entrants to the CBD-infused beverage market, New Age is awaiting passage of the Farm Bill to roll out its product. It has initial retail points of distribution commitments that approach 110,000, but those are initial commitments, not necessarily current points of distribution.
New Age is still building its distribution network, and based on market enthusiasm for its CBD products, the company’s share price in October spiked to US$8.94, almost six times its September trading price. NBEV continues to trade around US$4.50, nearly three times its September trading levels.
Full article:
https://www.bnnbloomberg.ca/the-race-is-on-for-cbd-infused-beverages-1.1180094