- The Company has expanded its Major line of beverages in Ohio
- Production of Major (™) in Nevada has been completed and initial revenues have started
- Nevis has filed 3 new products for approval in Washington State
SEATTLE, Dec. 18, 2023 /CNW/ - Nevis Brands Inc. (CSE: NEVI) ("Nevis," "Nevis Brands" or the "Company"), a leading provider of cannabis beverage products, announced several corporate updates:
Product Extension in Ohio: The Company has expanded its Major line of beverages to include a 6th flavor of Major: Atomic Apple. Production has now been completed and inventory is being sold to Ohio retailers.
"Major is the cornerstone of our beverage offering in Ohio and we will continue to build upon the success we have seen with Major," said David Johns, Vice-President of Appalachian Pharm. "The Ohio cannabis consumer has consistently shown an appetite for Major and we look forward to continued growth through the introduction of new flavors and products."
Product Expansion: Washington State. The Company has filed 3 new products for approval in Washington State. The products include two new beverage products and an additional edible product. Nevis will announce specifics of the products upon approval and when production has started.
"We expect to continue to expand our company's offerings not only geographically but by introducing our existing product portfolio to new markets. In addition, we see opportunities to build on the brand recognition of Major(™) to introduce new lines of edible products," said John Kueber, CEO, Nevis Brands.
Revenues from Expansion states: The Company is now generating revenue from its Nevada operations. Revenue from previously announced expansion to Michigan and California expansion is expected to begin in early 2024. In addition, the Company is currently in discussions with two additional licensees for expansion in 2024.
John Kueber, CEO commented: "We will continue to grow the business with our low capex, high margin licensing operations by capitalizing on new geographic opportunities as well as new product opportunities within new markets. We remain enthusiastic about our growth trajectory."
About Nevis Brands
Nevis innovates and develops cannabis products that have been consumed by millions of consumers across Washington, Oregon, Colorado, Arizona, Nevada and Ohio. Led by our flagship brand Major™ (www.drinkmajor.com) Nevis partners with leading cannabis product manufacturers and distributors to enhance their product offerings.
Nevis Brands Inc. is publicly traded on the CSE under the symbol "NEVI," OTC Pink "PSCBF" and Frankfurt Stock Exchange symbol under the symbol "8DZ"
www.nevisbrands.com
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Cautionary Statement Regarding "Forward-Looking" Information Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release and include, without limitation, the Company's outlook for and expected operating margins, capital allocation and other financial results; statements relating to the business and future activities of, and developments related thereto, the Company after the date of this news release, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's business, operations and plans; expectations for other economic business or competitive factors related to the Company. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's Form 2A, available at www.sedarplus.ca for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
SOURCE Nevis Brands Inc.
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