Beverages Could Become One of the Biggest Segments in the Cannabis IndustryPosted by On


Beverages Could Become One of the Biggest Segments in the Cannabis Industry

Feb 08, 2021 (Baystreet.ca via COMTEX) —

The global CBD-infused beverage market is expected to jump from about $89 million to more approx. $1.4 billion just over the next three years. By 2025, that number could soar to about $4.4 billion. All as industry heavyweights jump on the CBD-beverage bandwagon.

For example, Aphria Inc. (NASDAQ:APHA) Chairman and CEO, Irwin Simon once noted that beverages could become one of the biggest segments in the cannabis industry once marijuana is legalized in the United States, according to THC Net.

Plus, we’re already seeing major alcohol companies jumping in, such as Anheuser Busch Inbev (NYSE:BUD), Constellation Brands Inc. (NYSE:STZ), Molson Coors Beverage Co. (NYSE:TAP), as well as water companies such as The Alkaline Water Co. (NASDAQ:WTER)(CSE:WTER).

Or, look at BevCanna Enterprises Inc. (CSE:BEV)(OTCQB:BVNFF) for example.

The company just announced that, further to its news releases dated November 24, 2020 and December 12, 2020, it has entered into an amended and restated agreement (dated January 31, 2021 with Naturo Group Investments Inc.. The parties have also completed the exchange of disclosure schedules, one of the precedent conditions of the Definitive Agreement.

Upon …

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Beverages Could Become One of the Biggest Segments in the Cannabis Industry

Feb 08, 2021 (Baystreet.ca via COMTEX) —

The global CBD-infused beverage market is expected to jump from about $89 million to more approx. $1.4 billion just over the next three years. By 2025, that number could soar to about $4.4 billion. All as industry heavyweights jump on the CBD-beverage bandwagon.

For example, Aphria Inc. (NASDAQ:APHA) Chairman and CEO, Irwin Simon once noted that beverages could become one of the biggest segments in the cannabis industry once marijuana is legalized in the United States, according to THC Net.

Plus, we’re already seeing major alcohol companies jumping in, such as Anheuser Busch Inbev (NYSE:BUD), Constellation Brands Inc. (NYSE:STZ), Molson Coors Beverage Co. (NYSE:TAP), as well as water companies such as The Alkaline Water Co. (NASDAQ:WTER)(CSE:WTER).

Or, look at BevCanna Enterprises Inc. (CSE:BEV)(OTCQB:BVNFF) for example.

The company just announced that, further to its news releases dated November 24, 2020 and December 12, 2020, it has entered into an amended and restated agreement (dated January 31, 2021 with Naturo Group Investments Inc.. The parties have also completed the exchange of disclosure schedules, one of the precedent conditions of the Definitive Agreement.

Upon …



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