VANCOUVER, British Columbia–(BUSINESS WIRE)–Emerging chief in modern well being and wellness drinks and merchandise, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) proclaims at present a co-packing settlement with Riviera Beverages, LLC (“Riviera”) of California. Under the settlement, Riviera will manufacture BevCanna’s TRACE plant-based and hemp-derived CBD bottled drinks for the U.S. and worldwide markets.
BevCanna gives one of the distinctive and numerous portfolios of drinks inside the cannabis, and plant-based mineral classes. The partnership with Riviera accelerates the growth of the Naturo Group portfolio of market-leading historical natural mineral drinks, beneath the TRACE model, into the U.S. market, together with BevCanna home manufacturers.
Southern California-based Riviera is a number one producer of bottled drinks all through North America and internationally. Established in 2009, Riviera has greater than 11 years of expertise working with such well-known manufacturers as Essentia (lately acquired by Nestlé, SIX:NESN), Waiakea and Aqua Hydrate. Riviera has a number of high-speed water-bottling traces able to producing purified, spring, mineral enhanced, vitamin-enhanced, flavoured, alkaline and de-ionized waters. The facility is FDA-licensed and maintains superior manufacturing practices to make sure client security, nice style and unmatched high quality.
“This agreement with Riviera is a significant step forward in our strategy to penetrate the U.S. and international markets with our TRACE plant-based mineral, and hemp-derived CBD-infused beverages,” stated Melise Panetta, President of BevCanna. “We’ve been actively seeking U.S. and international growth opportunities for this portfolio, and Riviera is an ideal partner to advance this strategy. Their expertise and capacity to produce high-quality bottled beverages is an excellent fit for us.”
With a plant capability of 500,000 instances or 12 million bottles monthly, Riviera is able to producing a wholesale worth of as much as ~US$150 million of BevCanna bottled drinks yearly in its facility. This facility has been fitted with specialised tools to infuse hemp extracts into bottled drinks. The precise quantity of BevCanna merchandise produced by Riviera shall be primarily based on demand for BevCanna’s merchandise within the United States and internationally, via BevCanna’s e-commerce, retail, wholesale, and export gross sales channels. BevCanna expects the manufacturing to be a mixture of merchandise together with its TRACE plant-based mineral, and hemp-derived CBD drinks for U.S and worldwide markets akin to Japan and/or the Philippines.
The latest additions of CPG veterans Raffael Kapusty and Bill Niarchos to the BevCanna crew will play a vital function within the Company’s U.S. and worldwide gross sales growth. The two gross sales leaders are centered on scaling the factors of distribution throughout the market and increasing the Company’s worldwide CPG distribution community of U.S. large field retailers, impartial pure merchandise retailers, and worldwide export alternatives akin to Japan and/or the Philippines.
About BevCanna Enterprises Inc.
BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) is a diversified well being & wellness beverage and pure merchandise firm. BevCanna develops and manufactures a variety of plant-based and cannabinoid drinks and dietary supplements for each in-house manufacturers and white-label purchasers.
With many years of expertise creating, manufacturing and distributing iconic manufacturers that resonate with shoppers on a world scale, the crew demonstrates an experience unmatched within the nutraceutical and cannabis-infused beverage classes. Based in British Columbia, Canada, BevCanna owns a pristine alkaline spring water aquifer and a world–class 40,000–sq.–foot, HACCP licensed manufacturing facility, with a bottling capability of as much as 210M bottles yearly. BevCanna’s intensive distribution community consists of greater than 3,000 factors of retail distribution via its market-leading TRACE model, its Pure Therapy pure well being and wellness e-commerce platform, its absolutely licensed Canadian cannabis manufacturing and distribution community, and a partnership with #1 U.S. cannabis beverage firm Keef Brands.
On behalf of the Board of Directors:
John Campbell, Chief Financial Officer and Chief Strategy Officer
Director, BevCanna Enterprises Inc.
Disclaimer for Forward-Looking Information
This information launch incorporates forward-looking statements. All statements, aside from statements of historic proven fact that tackle actions, occasions or developments that the Company believes, expects or anticipates will or could happen sooner or later are forward-looking statements. Forward-looking statements on this information launch embody statements concerning: the settlement with Riviera and its phrases and anticipated advantages; client preferences for cannabis merchandise like drinks; the Company’s plans for growth into different jurisdictions; and different statements concerning the enterprise plans of the Company. The forward-looking statements replicate administration’s present expectations primarily based on data at the moment obtainable and are topic to a variety of dangers and uncertainties that will trigger outcomes to vary materially from these mentioned within the forward-looking statements.
Although the Company believes that the assumptions inherent within the forward-looking statements are affordable, forward-looking statements will not be ensures of future efficiency and, accordingly, undue reliance shouldn’t be placed on such statements resulting from their inherent uncertainty. Factors that would trigger precise outcomes or occasions to vary materially from present expectations embody, amongst different issues: basic market circumstances; modifications to client preferences; and volatility of commodity costs; and different components past the management of the events. The Company disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as required by regulation, and the Company doesn’t assume any legal responsibility for disclosure referring to some other firm talked about herein.