Betting on Beverages- More Cannabis Companies Focused on Plant Infused Beverage Products Following Walmart Deal
April 24 2019 - 7:00AM
InvestorsHub NewsWire
Point Roberts WA, Delta BC
-- April 24, 2019 -- InvestorsHub NewsWire
-- Investorideas.com, a leading
investor news resource covering hemp and cannabis stocks releases a
snapshot focusing on how more and more companies in the CBD and
wellness space are heavily focused on their infused beverage
program and how recent larger distribution deals are bringing in
larger financial interests.
New Age Beverages
Corporation (NASDAQ:
NBEV), the Colorado and
Utah-based organic and natural beverage company helped drive
interest in the infused beverage space when earlier this month, the
company announced the distribution
expansion of their Marley brand with Walmart, the world's largest
retailer.
Following a complete
redevelopment of the Marley portfolio following the acquisition by
New Age in mid-2017, which included the development and launch of
Organic Marley Mate and Marley Cold Brew, the Marley brand was one
of New Age's leading brands in growth in 2018 with increased demand
of more than 70%. Marley Mate led its segment and drove category
growth and the resurgence of the Marley Mellow Mood Relaxation
Drinks following its remake has paved the way for the launch of
Marley Mellow Mood + CBD, which is launching globally in
2019.
American Premium
Water Corporation (OTC:
HIPH), a company focused on businesses in
the health, beauty and biotech sectors, as well as on harnessing
the powers of hydrogen and nano technologies paired with CBD to
treat health disorders and enhance the quality of life,
recently announced an additional
financing agreement with an institutional investor at the same
$0.40 valuation the Company received in January. Similar to the
previous agreement, a substantial portion of the Company’s
convertible debt will be retired. The retirement will be reflected
in the Company’s 2nd quarter 2019 financials. Per
the terms of the agreement, the investor shall remain
anonymous.
American Premium CEO, Ryan
Fishoff commented, “I am excited to announce that the Company has
entered into this agreement for additional financing at a .40
valuation. I view this as an affirmation of the progress the
Company has made over the past few months, which has included the
large two container orders from a distributor in England, our
partnership with Hanlons brewery to make a CBD infused beer, the
release of independent scientific testing results affirming the
efficacy of our proprietary Hydro Nano formulation, the acquisition
of plant + body essentials, and the increase in domestic demand.
The accomplishments that have been made so far this year are
reflected in the $1 million FY19 guidance issued last week, this
additional financing is a validation of the Company’s direction.
There is still a lot of progress to be made achieving our business
plan, but the financing will give the Company the ability to
achieve and potentially exceed our fiscal year 2019
target.”
Phivida Holdings
Inc. (CSE:
VIDA) (OTCQX:
PHVAF) has also announced a recent
distribution partnership with Scout Distribution, an innovative
beverage distributor based in San Diego, California. Scout will be
the official distributor of Oki beverages in the San Diego area, a
region with over three million people that is also ranked as a top
ten wellness market by the MINDBODY Wellness
Index.
Elev8 Brands,
Inc. (OTC:
VATE) is aiming to build brand awareness
having announced the release of
its brand new, redesigned website and Search Engine Optimization
(SEO) courtesy of Bright Rain.
“Elev8 Hemp worked closely
with Bright Rain to create a beautiful, simple, and product-focused
design to continue driving our sales and position ourselves as
leaders in the CBD-infused beverage marketplace. Because of Bright
Rain’s experience in the design and SEO business, they embraced our
desire to disrupt the beverage market and create products that
bring joy to our customers while providing new options for health
and wellness.”
Infused beverages look to be
the future of the beverage sector and are expected to get another
large boost following the upcoming public hearing on CBD
regulations that the Food and Drug Administration (FDA) is holding
on May 31. The FDA announced earlier this month that it was
accepting public comments on CBD
regulations, and so far more than 400
people have already commented, saying that
regulations should be light and companies should be able to
lawfully market products containing CBD.
For investors following
cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC,
NASDAQ, NYSE, ASX Marijuana/Hemp
Stocks
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