10:09 AM EST - BevCanna Enterprises Inc. : Announced that it has received a Standard Processing License from Health Canada. The Company is now fully authorized to begin production at its full service, high-capacity beverage manufacturing facility. BevCanna will begin production of its white-label products, #1 U.S. cannabis beverage brand Keef and its in-house beverages, through licensed Canadian retailers, positioning the Company to fully capitalize on the burgeoning Canadian cannabis-infused beverage sector. The receipt of the Company’s Standard Processing Licence, and the forthcoming close of BevCanna’s landmark acquisition of Naturo Group Investments Inc., constitute two fundamental pillars in BevCanna’s growth strategy. Along with the recently acquired Pure Therapy e-commerce platform, and BevCanna’s partnership with Keef Brands in both the U.S. and Canada, the company is well positioned with multiple revenue streams. BevCanna will now assume the unique position of being the only fully licensed, in-house and white-label, beverage and supplement manufacturing company which has the ability to manufacture and distribute both conventional and cannabinoid-based products through global, multi-channel distribution networks of traditional and cannabinoid adult-use sales channels, accelerating BevCanna’s evolution into a diversified health and wellness company. BevCanna Enterprises Inc.
shares C.BEV are trading up 23.38 percent at $1.43.