BEVCANNNA ARTICLE TO BE TOP ON YOUR WATCH LIST NOW$$ Hello Traders!
Few industries have seen the ups and downs experienced quite like legal MJ; there have been months of bullish runs in the markets followed by months gripped by bears. While many traders can be scared off by such fluctuation a keen eye can spot the opportunities and capitalize.
There are a number of factors that influence how an industry will behave and perhaps nothing has impacted the overall markets in the same manner as our current global pandemic, Covid-19.
It’s true that there have been many industries that have been crippled by this coronavirus but it’s just as important to recognize that there are others that are thriving and the legal MJ industry is the perfect example.
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CSE:BEV Corporate Video
CSE:BEV, an emerging industry leader:
- Total Assets: $21 Million
- 30% asset increase in 3 months (March 31, 2020 filing)
- $1.82 Billion market
- $4.46 Billion market by 2025
- Current capacity: 210 million bottles annually (source: news)
- Impressive revenue growth forecast (Investor Presentation)
- 130-acre outdoor site licensed by Health Canada (source: news)
- $17.28 Million market cap (based on outstanding from July 7, 2020 Form 7)
- Exclusive rights to a pristine spring water aquifer
- World-class 40,000-square-foot, HACCP certified manufacturing facility
- High Powered Management with decades of experience
Last week we highlighted an emerging player in the MJ industry and quickly saw that company jump 19%.
So what did we see?
Again, as paralyzing as Covid-19 has been to multiple industries, it has provided a true boon for quality cannabis companies.
This fact was pointed out by CannabisNewsWire:
“COVID-19 has devastated most businesses but created a surge in cannabis sales - a trend that's likely to continue. Strange bedfellows, COVID-19 and cannabis. As the pandemic wreaked havoc on the U.S. and global economies, cannabis sales rocketed higher across multiple markets in North America.”
Cannabis sales have “rocketed,” and keep in mind this is an industry that is projected to top $146 Billion by 2025.
We point all this out because today we have uncovered another opportunity in this industry, one that not only has considerable assets but one that continues to add to their portfolio and deliver impressive results.
Their most recent filing shows total assets in excess of $21 MILLION, a 30% increase in just 3 months!
And like we just mentioned, they continue to add to their portfolio as they announced on July 20, 2020 (Monday) some big news regarding yet another letter of intent to manufacture white-label cannabidiol-infused and tetrahydrocannabinol-infused beverages for a rising British Columbian beverage brand.
And here’s where things get really good, the CBD/THC beverage market is exploding:
https://smallcapcanada.com/report/