- Best Startup Canada named BevCanna Enterprises one of the 101 Top Food and Beverage Startups and Companies in Canada
- BevCanna was also recognized as one of the Top 101 Cannabis Startups in the country
- The company has had strong growth momentum in its core business, with 3Q21 revenues rising over 1,000% year-over-year
- BevCanna signed an agreement to manufacture and white-label cannabis beverages on behalf of Averi Health Products, which will subsequently be distributed in the Canadian market
BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) — a diversified health & wellness beverage and natural products company developing and manufacturing a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients — announced that it had been named as one of the 101 Top Food and Beverage Startups and Companies in Canada by Best Startup Canada, a media company that focuses on the latest innovations, breakthroughs and greatest companies across Canada (https://ibn.fm/vwGbE). Ranging from cutting-edge startups to established brands within the food and beverage sector, the companies recognized on the prestigious Top 101 list are known for both their innovation within their field as well as their exceptional growth and social impact.
“It’s both an honor and a reflection of the BevCanna team’s expertise and dedication to be included within the sphere of other premier Canadian food and beverage companies, including Ritual, Goodfood, Flow Water, Chef’s Plate and David’s Tea,” noted Marcello Leone, CEO of BevCanna. “This recognition of our leadership position within both the food and beverage and the cannabis products categories validates our strategy of developing innovative, highly-customized beverage products that appeal to a range of target markets, including value, craft and premium positioning, for both our in-house brands and our white-label clients.”
In addition to being selected to the 101 Top Food and Beverage list, BevCanna was also recognized as being part of the Top 101 Cannabis Startups and Companies in Canada, a list of innovators and growth companies within the Canadian cannabis industry.
BevCanna Enterprises’ recent accolades come amidst a period of strong ongoing growth momentum for the company, most aptly illustrated through BevCanna’s strong third quarter earnings report, with the company revealing that it witnessed revenues rise by upwards of 1,000 percent to $1.1 million over the quarter.
BevCanna Enterprises has seen its commercial prospects go from strength to strength as it worked towards broadening its product portfolio, having just entered into an agreement to manufacture and white-label cannabis beverages for Averi Health Products (https://ibn.fm/KcZfb), an emerging beverage company seeking to formulate sophisticated cocktails that replicate the flavor profile of some of the world’s most traditional and best-selling cocktails, while boasting zero alcohol content.
The Averi announcement follows on from similar deals, with BevCanna signing agreements with The Tinley Beverage Company (CSE: TNU) (OTCQX: TNYBF), Keef Brands and Xebra Brand Ltd (CSE: XBRA) (OTC: XBRAF) (FSE: 9YC) over the past several months for the manufacture of its respective products for distribution within the Canadian market.
To that end and to further its distribution footprint within the nation, BevCanna’s Naturo Group announced that it had finalized an agreement with leading North American wholesale distributor, United Natural Foods (NYSE: UNFI). Pursuant to the agreement, UNFI Canada will carry and distribute BevCanna’s TRACE line of products, resulting in a significant expansion of the company’s over 3,000 points of retail distribution across the country.
For more information, visit the company’s website at www.BevCanna.com.
NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://ibn.fm/BVNNF
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