Beleave Inc (CNSX:BE) Evolving Novel Brands for High Customer Demand

Beleave Inc (CNSX:BE) (OTCQX:BLEVF) CEO Bill Panagiotakopoulos joins Midas Letter for an overview of the company and what Beleave’s footprint is within the cannabis industry. Beleave are focused on growing craft, premium cannabis in their Hamilton, Ontario facility, which is undergoing its much-anticipated expansion. The company will add almost 100,000 square feet for increased cannabis extraction, processing, and cultivation. This expansion expects to generate approximately $50 million in annualized revenue with an average gross profit margin of 60 percent once fully operational. In early July 2019, Beleave commenced sales of cannabis oils for the Canadian adult-use market and are launching four new products this fall. The company is looking to take advantage of the evolving cannabis market expanding into the vape pen market and by introducing a novel water-soluble powder – allowing customers to add a dose-able, odourless ingredient to any form of consumable product. Currently, customers are enjoying Beleave’s product offerings as the CEO expresses the company “can’t even keep up with the demand right now” as the company continues to work on satisfying their market and its customers.

Original article: Beleave Inc (CNSX:BE) Evolving Novel Brands for High Customer Demand

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