RE:RE:RE:RE:Bevcanna deal still alive? Bevcanna has nowhere else to go. The growing space in the deal with Naturo has nothing growing on it. Those plans were abandoned early this year when all the flower you ever wanted cost pennies on the wholesale market. Same with hemp.
I'm not invested in Bevcanna so I can't speak to their IR situation. Assuming Nextleaf's IR has to tell you they have other options because:
A. Nextleaf deals in non exclusive contracts. There's always other options. (Put your inspectors hat on and it shouldn't take long to figure out who needed 100kg of CBD)
B. If Bevcanna somehow bombs their licensing it doesn't tether Nextleaf to that issue.
Im 99.999% certain whoever was here hocking Sproutly is just a pumper. They were posting that on multiple walls. Even if they did, Sproutly is just an emulsion tech, you still need oil to emulsify.
The cannabis drink space isn't moving as much product and people keep projecting. I called this out months ago when all of Bevcanna's deals were primarily for CBD products. That's the mover.
https://mjbizdaily.com/supply-demand-imbalance-grows-for-canadian-cannabis-edibles/
Cannabis reguations need to lighten up on edibles. 10mg chocolates do nothing for anybody. I like the Houseplant soda waters but I'd need to drink 10 of them to feel anything at 2.5mg. Thats a $60 investment vs 5 joints, but I couldn't even buy that now since 6packs are illegal for some bizarre reason.
On the CBD side however, Bevcanna already has access to the US, has partnerships with Canadian and European companies, and has a plan for federal legalization in the states not unlike Canopy-Acreage. CBD will get the greenlight first (shouldve happened by now but its been a chaotic few months for US leadership to say the least), Canada will follow suit. Once CBD joins other health drinks over the counter it should grow quickly.
The problem with CBD right now is there's no hemp strain with a high enough CBD value(new, specific breed strains to be planted next season with higher CBD) worth processing through CO2 and most companies cant purify cannabis derived CBD to get below the 0.3% THC threshold for the US.
Even if the Bevcanna deal tanks (personally I doubt it will) several companies are already in the trialing phase with Nextleaf's Rapid Emulsion tech. That can be anything from drinks to edibles to tinctures, etc, THC or CBD. Nextleaf should be fine.