VANCOUVER, British Columbia–(BUSINESS WIRE)–Emerging chief in infused hashish drinks, BevCanna Enterprises Inc. (CSE:BEV, OTCQB:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) is happy to announce that it has moved to the Final Review Stage for a Standard Processing Licence from Health Canada.
BevCanna submitted its Site Evidence Package to Health Canada on June 22, 2020 and has acquired affirmation from Health Canada that the Site Evidence Package has been assigned for last lively overview. Once the Company receives the licence, it is going to be totally approved to start manufacturing at its trade main high-capacity beverage manufacturing facility and expects to start servicing its white label shoppers and commercializing its in-house manufacturers via licensed Canadian retailers this winter.
“The receipt of our processing licence will be a major milestone in BevCanna’s commercial strategy and regulatory process,” stated John Campbell, Chief Strategic Officer at BevCanna. “We’re pleased to have moved to this final stage of review and anticipate receipt of the licence shortly.”
BevCanna owns and operates one of many highest-capacity hashish beverage processing and packaging amenities in Canada and holds the unique rights to a pristine spring water aquifer, delivering a bottling capability of as much as 210 million bottles per yr. The facility was purpose-built to fabricate each BevCanna’s home manufacturers and people of BevCanna white-label shoppers launching hashish 2.zero merchandise. BevCanna has developed a service mannequin that permits each cannabis-licence holders and non-licensed CPG teams in search of to enter the Canadian hashish market.
“We’ll be particularly happy to be able to support our white-label partners in launching their innovative brands into the Canadian market in the coming months,” continued Mr. Campbell. “The regulatory framework in Canada can be extremely challenging to navigate and we have both the industry knowledge to guide our partners and the world-class facilities to manufacture the high-quality beverages that they envision. Our expertise gives our partners peace of mind, allowing them to focus on designing and selling market-disrupting products while our team manages the associated regulatory compliance.”
BevCanna’s cutting-edge facility at present has capabilities to formulate, course of and bundle a variety of beverage product codecs, together with carbonated and non-carbonated canned and PET drinks. The new drinks might be supplied in quite a lot of sizes, starting from 2oz-1L, in each customary type and customized vessels.
About BevCanna Enterprises Inc.
BevCanna Enterprises Inc. (CSE: BEV, OTCQB:BVNNF, FSE:7BC) develops and manufactures cannabinoid-infused drinks and shopper merchandise for in-house manufacturers and white label shoppers. With a long time of expertise creating, branding and distributing iconic manufacturers that have resonated with customers on a world scale, the group demonstrates an experience unmatched in the rising hashish beverage class. Based in British Columbia, Canada, BevCanna owns the unique rights to a pristine spring water aquifer, entry to a world-class 40,000‐square-foot, HACCP licensed manufacturing facility, with a present bottling capability of as much as 210M bottles each year. BevCanna additionally not too long ago acquired U.S. pure well being and wellness e-commerce platform Pure Therapy. BevCanna’s imaginative and prescient is to be a world chief in infused improvements.
On behalf of the Board of Directors:
John Campbell, Chief Financial Officer and Chief Strategy Officer
Director, BevCanna Enterprises Inc.
This press launch could embody forward-looking info throughout the which means of Canadian securities laws, in regards to the enterprise of the Company. Forward-looking info is based mostly on sure key expectations and assumptions made by the administration of the Company, together with the statements concerning: that the receipt of a Canadian Standard Processing Licence might be a serious milestone in the Company’s commercialization and white-label plans; that as soon as the Company receives the licence, it is going to be totally approved to start manufacturing at its trade main high-capacity beverage manufacturing facility and expects to start servicing its white label shoppers and commercializing its in-house manufacturers via licensed Canadian retailers this winter; the receipt of the licence might be a serious milestone in BevCanna’s industrial technique and regulatory course of; the anticipated receipt of the licence shortly; the Company’s capacity to assist its white-label companions in launching their progressive manufacturers into the Canadian market in the approaching months; and different statements concerning the enterprise plans of the Company.
Forward-looking statements are based mostly on sure assumptions concerning the issuances of licences by Health Canada to the Company underneath the Cannabis Act; future optimistic legislative, tax and regulatory developments in the United States with respect to hashish; a continued excessive regulatory barrier entry for cannabis-infused drinks; profitable and well timed commercialization of the corporate’s merchandise; profitable and well timed negotiation of assorted agreements; and expectations with respect to the long run progress of leisure hashish merchandise. While the Company considers these assumptions to be cheap, based mostly on info at present out there, they could show to be incorrect. Readers are cautioned to not place undue reliance on forward-looking statements. The assumptions of the Company, though thought of cheap by it on the time of preparation, could show to be incorrect. In addition, forward-looking statements essentially contain identified and unknown dangers, together with, with out limitation, the Company not being issued licences by Health Canada; dangers related to basic financial situations; dangers related to local weather and agriculture; modifications in shopper preferences; adversarial trade occasions; future legislative, tax and regulatory developments; incapability to entry ample capital from inside and exterior sources, and/or incapability to entry ample capital on beneficial phrases; the lack to implement enterprise methods; competitors; foreign money and rate of interest fluctuations and different dangers. Readers are cautioned that the foregoing listing is not exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking statements as there will be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such info, though thought of cheap by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. For extra info on the danger, uncertainties and assumptions that may trigger anticipated alternatives and precise outcomes to vary materially, please discuss with the general public filings of the Company which can be found on SEDAR at www.sedar.com. Forward-looking statements contained in this information launch are expressly certified by this cautionary assertion and mirror our expectations as of the date hereof, and thus are topic to vary thereafter. The Company disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by regulation, and the Company doesn’t assume any legal responsibility for disclosure regarding another firm talked about herein.