#Cannabis Companies Prepare for Legal Sales of
Cannabis/Hemp Beverages; (CSE: $POT.C) (OTC: $HIPH) (CSE: $KBEV.C) (TSXV:
$ZENA.V)
Point Roberts, WA and Delta, BC - March 22, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news resource
covering hemp and cannabis stocks releases a snapshot focusing on the latest
distribution agreements for cannabis/hemp infused beverages as companies
prepare for legal sales.
There has been an abundance of speculation surrounding
the beverage section of the cannabis/hemp industry but that is coming to an
end, as many companies reach distribution deals to have their products on
shelves and available online.
American Premium Water Corporation (OTC: HIPH) is looking at both avenues, having
announced that it has launched an updated e-commerce website for its LALPINA
CBD brand. The new website will be at www.lalpinahydrocbd.com and will utilize GreenBox POS proprietary blockchain based payment process
technology, which will allow for uninterrupted e-commerce sales.
Read this in full at https://www.investorideas.com/news/2019/cannabis/03223LegalSales-HempBeverage.asp
American Premium CEO,
Ryan Fishoff, commented, “I am happy to announce that LALPINA has a new
e-commerce website for its CBD beverage. The Company has been working on this
project for awhile; I feel that LALPINA has a website that is commiserate for
its stature in the industry. Having Greenbox’s blockchain payment processing
technology will give the Company stability on its online sales channel, which
will allow us to ramp up social media marketing and sales initiatives.”
This came after the company announced that its LALPINA CBD will be sold in General
Nutrition Center locations, one of the world’s largest vendors of health and
nutritional products, with over 4600 outlets in the US and 1900 international
stores.
Weekend Unlimited
Inc. (CSE: POT) (OTC: WKULF) recently announced that Verve Beverage Company has scheduled
production for its CHAMP Energy and Verve beverage lines.
"We specifically targeted this point in time to launch our Full
Spectrum Hemp products into the market as part of our activation at the HEMP
TODAY experience at SXSWTM this week," said Mr. Brad Robb,
President of VBC.
"This represents a significant achievement for the Company,
launching our brands with a focus on revenue generation. The VBC brand team is
advancing their plan to reach market right on our schedule, the responses to
the product line from distributors has allowed us to produce an aggressive
first run to accelerate the build out and recognition of VBC's product brands
into the consumer marketplace," said Weekend Unlimited President and CEO,
Mr. Paul Chu.
Koios
Beverage Corp. (CSE: KBEV) (OTC: KBEVF) recently provided a corporate update on their sales and
distribution.
From the
news:
“During Q1 of 2019, Management's priorities and main focus
were to secure major retail distribution and to drive sales through its
e-commerce and Amazon platforms. During the first quarter, Koios secured
supplier agreements with two of the largest retailers in the world and added an
additional 4,000 retail locations carrying its products across the United
States. Purchase orders from February 1, 2019 through March 13, 2019 total more
than CAD$734,876 excluding online revenue. Based on the success of sales obtained
from its current channels and conversations with its retail partners,
Management estimates that it will add an additional 2,500 retail locations
carrying its products across the United States in Q2 of 2019.”
Zenabis
Global Inc. (TSXV: ZENA) seems to be waiting until October when Canadian
legislation is expected to change to allow for edibles and beverages. The
company announced its beverage plans back in January with the acquisition
of 51% of Hillsboro Corp Inc. ("True Buch").
From the
news:
“True Buch is a kombucha company with expertise in the
creation of cultured tea beverages. True Buch cultured tea beverages are raw,
unpasteurized, gluten free and non-GMO, with over 11 distinct flavours. Zenabis
and True Buch intend to draw on each other's expertise to infuse cannabis into
True Buch beverages when permitted under applicable laws and regulations,
creating a cultured tea beverage CBD or THC product.”
With product sales now within reach, either online or in
store, investors will finally have a more realistic assessment of the beverage
sector within the cannabis industry. We can expect more and more eyes to be on
the Q3 and Q4 financials of multiple cannabis/hemp beverage companies as many
are expected to have live sales in the coming months.
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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