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BevCanna Enterprises Inc

BevCanna to sponsor Cannabis Drinks Expo, present promising consumer data

An independent study found that more than 70% of Canadian adults would purchase CBD-infused beverages

bottles of liquid
The Cannabis Drinks Expo will be held on July 25 in San Francisco

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a maker of cannabis-infused beverages, announced Tuesday that it will sponsor the Cannabis Drinks Expo.

At the event, to be held on July 25 in San Francisco, the company will present the results of a North American consumer study on cannabis-infused beverages and other products.

On Friday, the company released an independent study that surveyed 2,000 adults in the US and Canada, finding that more than 70% of Canadian adults would “definitely” or “probably” purchase CBD-infused beverages.

READ: BevCanna study finds more than 70% of Canadian consumers would buy CBD-infused beverages

Cannabis-infused beverages are expected to be legalized in Canada this October.

"As legalization expands, and consumption continues to become normalized, we intend to build a global presence for our products and brands,” Chief Commercialization Officer Emma Andrews said.

“We’ve just released the results of our extensive North American-wide consumer study, focused on consumption preferences in the cannabis infused beverage space, and expect these findings to resonate with our industry peers in attendance at the Expo.”

The company's stock fell 2.6% to C$0.37 on the CSE and held flat at US$0.29 on OTC Markets.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: BevCanna Enterprises Inc

Price: $0.58

Market: CSE
Market Cap: $26.4 m
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