BevCanna Announces Sales License Partnership to Launch Canna
BevCanna Announces Sales License Partnership to Launch Cannabis-Infused Beverages Across Canada Mon., March 15, 2021, 3:05 a.m.5 min read Sales license partnership with Stigma Grow will distribute BevCanna products to Canadian retailers coast-to-coast Diversified health and wellness; beverage and natural products company, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) ("BevCanna" or the "Company") is pleased to announce that it has formed a partnership with highly-regarded cannabis cultivation and extractions company Stigma Grow (TSX-V:CANB) to launch the Keef Brands award-winning line of cannabis-infused beverages across Canada, as well as BevCannas in-house and white-label client products. Stigma Grow is a leading Canadian cannabis product cultivation and extraction company, boasting a presence in every major province for their wide array of BHO (butane hash oil) cannabis concentrate products. BevCanna will leverage Stigma Grows strong and expanding Canadian sales distribution channels to begin distribution of the Keef product line, as well as BevCannas in-house and white-label client products across Canada. The partnership will streamline BevCannas product commercialization plans and enhance its Canadian market penetration, enabling the Company to supply products to provincial distributors for in-house and white-label client brands, bridging the gap until the Company is granted its own Sales License. BevCanna has completed multiple rounds of discussions with Canadian provincial buyers and has seen strong demand for the Keef portfolio of products and its white-label client products. The Company is progressing rapidly with its commercial rollout, with a number of formal purchase orders and supply agreements to become formalized in the near term, and delivery to select provinces to commence subsequently. "Were eager to partner with Stigma Grow in launching our portfolio of products across Canada," said Melise Panetta, President of BevCanna. "By leveraging their coast-to-coast distribution network with provincial boards, we can get our products into consumer hands quickly and immediately capitalize on the significant consumer demand for more variety in their cannabis beverage selection."