BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a dominant participant in the infused hashish beverages trade, stated Thursday that it has finalized a take care of Maritime-based licensed hashish producer Argentia Gold Corp to completely characterize BevCanna’s line of cannabis-infused beverages in Newfoundland, Prince Edward Island (PEI) and New Brunswick.
The two corporations have signed a definitive settlement for Argentia to distribute, market and promote BevCanna merchandise throughout the three provinces.
With consumption charges for hashish amongst the highest in Canada (25.9% for Newfoundland, and 20.9% for PEI), the Atlantic provinces characterize a sexy marketplace for cannabis-infused product producers like BevCanna.
According to the firm, the marketplace for hashish is tipped to increase to $56 million yearly in New Brunswick by 2025, $49 million in Newfoundland and $21 million per yr in PEI.
BevCanna stated it settled on Argentia Gold for its “strong knowledge” of the Atlantic hashish markets and gross sales technique for the 50 licensed retailers throughout the three provinces. The firm stated participating an “experienced partner” in the area may also permit BevCanna “to focus on other significant Canadian markets, while building revenue in the Atlantic provinces.”
“Argentia is the ideal partner for us in the burgeoning Atlantic market,” BevCanna Chief Strategic Officer John Campbell stated in an announcement. [Read more at Proactive]