Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

BevCanna cements 130-acre outdoor cannabis cultivation deal with Clearwater CannGrow

% of readers think this story is Fact. Add your two cents.


BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF) said Tuesday that it has finalized all the terms and signed a definitive agreement with Clearwater CannGrow to produce sun-grown certified organic cannabis on 130 acres of its land.

This comes close on the heels of the company signing a letter of intent on September 4, signaling it was pursuing the deal.

The plan, the company said in a statement, is for CannGrow to plan and operate the cultivation on BevCanna’s plot of land near Osoyoos, British Columbia.

READ: BevCanna inks 130-acre cultivation deal with Clearwater CannGrow

As a result, the deal will see BevCanna combining its beverage, bottling and branding expertise with Clearwater’s cannabis cultivation skills.

CannGrow is led by Joey Bedard-Brunet, a respected agricultural consultant, who drew praise from BevCanna Chief Strategic Officer John Campbell.

“We’re very pleased to have finalized the agreement with Joey and Clearwater CannGrow,” Campbell said in a statement. “Joey’s expertise across a range of agricultural industries strongly complements BevCanna’s manufacturing and branding expertise. Together we’ll be an unbeatable combination.”

As co-owner of a large hemp farm, an outdoor cannabis farm and other agricultural businesses, Bedard-Brunet is a farm start-up expert. He has designed and executed one of the largest organic industrial hemp farms in western Canada.

BevCanna expects the venture to produce 100,000 kilograms of biomass and 10,000 kilograms of pure cannabinoids through the finished extract. In the long run, the company said it could expand the partnership beyond the 130-acre Osoyoos site to another one in nearby in Bridesville, and through leasing land from indigenous groups in the interiors of British Columbia.

Structure of the partnership

According to the pact, Clearwater has been engaged by BevCanna for an indefinite term as contract grower. Bedard-Brunet will oversee the day-to-day operations as the initial manager and head grower on the license.

The cannabis-infused beverage producer said it expects to file for a cultivation license by the end of November and hopes to plant the first crop the following Spring. If all goes to plan, the first harvest will be reaped in Fall 2020.

Among other terms, BevCanna agreed to pay Clearwater a consulting fee of $200,000 in cash, payable on November 1 of the first year in which a crop is cultivated at the property, plus a bonus of $50,000 in securities of the company, payable 10 business days after the issuance of the outdoor cultivation license. BevCanna will also pay a bonus of $50,000 in cash, or securities of the company on November 1 if the harvest at least aggregates 200,000 pounds of cannabis flower and biomass.

Vancouver-headquartered BevCanna creates, manufactures and distributes cannabinoid-infused beverages and consumer products for in-house brands, as well as white-label clients. 

BevCanna’s assets and infrastructure include a 100-acre outdoor cultivation site and a 40,000 square feet manufacturing facility in Osoyoos, British Columbia.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/902876/bevcanna-cements-130-acre-outdoor-cannabis-cultivation-deal-with-clearwater-canngrow-902876.html

Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at www.mitocopper.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver!  Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!  
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)


FINAL WARNING!   Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!   APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  

APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.

Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.