- BevCanna Enterprises recently published its unaudited financial results for the third quarter of 2021
- The company recorded over 1,000% revenue growth year-over-year which separately recording positive gross profit for the quarter
- In addition to receiving its initial orders from the British Columbia, Alberta and Ontario Cannabis Distribution companies, BevCanna has also signed an agreement with UNFI Canada – thus leading to a significant expansion in its geographical distribution footprint across Canada
- BevCanna also announced the acquisition of Embark Health Inc, a leader in solventless cannabis extraction, as it actively diversifies from its core beverage manufacturing business
BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health & wellness beverage and natural products company developing and manufacturing a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients, has recently reported its unaudited financial results for the fiscal quarter ended September 30, 2021. BevCanna announced that the company saw revenues rise by upwards of 1,000 percent to $1.1 million over the quarter with gross profit of $356,168, a significant turnaround from the loss of $40,280 recorded in the equivalent quarter of 2020.
BevCanna has recorded a number of operational highlights over the past few weeks, contributing to the company’s top-line revenue growth – a key driver of which has been the obtention of initial product listings and purchase orders from the British Columbia Liquor Distribution Branch (“BCLDB”), Alberta Gaming and Liquor Commission and the…
NOTE TO INVESTORS: The latest news and updates relating to BVNNF are available in the company’s newsroom at http://cnw.fm/BVNNF
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