ALKM Could Seize Burgeoning Cannabis Beverage Trend Sending $0.003 PPS Over $0.01
April 13, 2021 -- InvestorsHub NewsWire -- via pennymillions/ALKM
The cannabis beverage industry is booming with a horizon that
looks even more promising (See Article Below). Alkame Holdings,
ALKM) has established a firm foothold in the cannabis beverage
industry having bottled for multiple cannabis beverage
The ALKM PPS has recently broken through multiple technical
triggers positioning the stock for a potential run from its current
$0.003 range back to its recent $0.01 high.
The PPS has broken through both 50 Day and 200 Day moving
averages and been further fueled by an MACD cross.
Cannabis Beverages Continue To Blaze A Trend As One Of
The Top Choices For Cannabis Consumers
technical420 - By Micheal Berger
Cannabis infused beverages are quickly becoming a burgeoning
vertical of the entire cannabis industry and this is a trend that
we are excited about.
After Constellation Brands (STZ) made
a $4 billion investment in Canopy Growth Corporation
we knew that cannabis infused beverages were going to be a major
part of the market over the long-term and continue to monitor how
the industry advances.
After Constellation decided to enter the legal cannabis
industry, additional alcohol companies such as Molson
Coors (TAP) jumped on the cannabis beverage bandwagon
via a partnership with HEXO Corporation (HEXO.TO)
(HEXO) and this is a relationship that we are closely
During the last year, we have noticed a substantial increase in
the number of companies that are focused on the cannabis beverage
market. Aphria (APHA.TO) (APHA) took
a different approach when compared to Canopy Growth and HEXO and
acquired SweetWater Brewing Company for approx. $300 million.
We are favorable on the approach that Aphria took with the US
market due to the existing infrastructure that SweetWater has.
Shortly after the deal was completed, Aphria announced a merger
agreement with Tilray (TLRY) and
we expect the combined company to be the largest cannabis business
in the world.
Last week, leading cannabis market data firm Headset
published a report which indicates that cannabis beverage sales
continue to rise and that the vertical is poised to capture
additional market share. In the report, Headset stated that
many cannabis industry analysts have been expecting to see large
gains for the beverage sector and we will monitor how the market
continues to emerge.
The cannabis data firm attributes the increasing demand to
advancements in tetrahydrocannabinol (THC) infusion technology as
well as an increase in new brands that target specific consumers
(i.e. the occasional, low-dose consumer). We believe the cannabis
beverage market is in the early innings of a major growth cycle and
is an industry that we are closely following.
Going forward, we expect to see cannabis beverages gain market
share in Canada as the cannabis 2.0 market continues to grow. We
expect to see similar trends in the US and expect businesses to
start reporting higher revenue from this product category.
If you are interested in learning more about the multi-national
beverage conglomerates that are focused on the cannabis beverage
market, please send an email to email@example.com with the subject
“Cannabis Beverage Companies” to be added to our distribution
Article Source - https://technical420.com/cannabis-article/cannabis-beverages-continue-to-blaze-a-trend-as-one-of-the-top-choices-for-cannabis-consumers/#