BevCanna and Argentia Gold to bring line of cannabis-infused beverages to the Atlantic provinces
BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a dominant player in the infused cannabis beverages industry, said Thursday that it has finalized a deal with Maritime-based licensed cannabis producer Argentia Gold Corp to exclusively represent BevCanna’s line of cannabis-infused beverages in Newfoundland, Prince Edward Island (PEI) and New Brunswick.
The two companies have signed a definitive agreement for Argentia to distribute, market and sell BevCanna products across the three provinces.
With consumption rates for cannabis among the highest in Canada (25.9% for Newfoundland, and 20.9% for PEI), the Atlantic provinces represent an attractive market for cannabis-infused product producers like BevCanna.
According to the company, the market for cannabis is tipped to expand to $56 million annually in New Brunswick by 2025, $49 million in Newfoundland and $21 million per year in PEI.
BevCanna said it settled on Argentia Gold for its “strong knowledge” of the Atlantic cannabis markets and sales strategy for the 50 licensed retailers across the three provinces. The company said engaging an “experienced partner” in the region will also allow 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 said in a statement.
“They have an unparalleled knowledge of the regional cannabis landscape and a detailed understanding of the distribution network. They also have excellent relationships with the provincial bodies in these provinces, which will assist us as we focus on building our presence in the region,” he added.
BevCanna uses patented technology to make water-soluble cannabinoid infusions using THC and CBD from cannabis and hemp for in-house brands and white-label clients.
Contact the author Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/925473/bevcanna-and-argentia-gold-to-bring-line-of-cannabis-infused-beverages-to-the-atlantic-provinces-925473.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency 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!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).