BevCanna announced their Industrial Hemp Cultivation License from Health Canada, pursuant to the Cannabis Act. This licence progresses BevCanna’s plan to launch a portfolio of CBD-infused beverages and other consumable products. BevCanna also anticipates the issuance of their Standard Processing and Research Licenses from Health Canada.
Securing this first license allows BevCanna to produce low-cost, high-quality, sun-grown hemp biomass for extraction of cannabidiol (CBD), derived from their 100-acre outdoor cultivation site in the highly fertile Okanagan region of British Columbia. Extracted CBD is then infused into premium spring water, sourced from a pristine and naturally alkaline aquifer, to which BevCanna holds exclusive rights in partnership with Naturo Springs. The unique combination will be the basis for a range of innovative CBD beverage products, for both in-house brands and white-label clients.
“Our vision is to create a compelling portfolio of products that appeal to a wide variety of consumer tastes,” said Marcello Leone, CEO of BevCanna. “Consumers want choice in their CBD-infused products, and we plan to fill that gap in the market. Building on our decades of experience in developing, bottling and marketing premium quality beverages, we have the infrastructure and resources to develop quickly into a vertically-integrated operation. This puts us squarely on the path to becoming category leaders in the infused products landscape.”