BevCanna Enterprises Inc (CSE:BEV) (OTCQB:BVNNF) (FRA:7BC) has successfully completed the research & development and trial production runs of its exclusively licenced award-winning line of Keef Beverages and the white-label beverages the company is producing for State B Beverages.
In a statement Tuesday, BevCanna said it produced and evaluated multiple formulations of the Keef and State B products, including sparkling water, tea-based and soda formats, and multiple bottling formats such as PET and aluminum.
Tests were conducted for research and development, shelf stability testing, and equipment commissioning purposes in preparation for the receipt of its Standard Processing License and subsequent product commercialization by the first quarter of 2021.
READ: BevCanna positioned for growth in US recreational cannabis market through Keef Brands partnership
BevCanna said it is currently in late-stage discussions to partner with a leading Canadian-licensed producer to distribute its products to provincial cannabis distribution boards through the LP's Health Canada-issued sales license.
This will allow BevCanna to begin distribution of its white-label client products, Keef & Cali-Bloom branded products and its own branded products across Canada in 1Q 2021, bridging the gap until the company receives its own sales license, expected in 2021.
"The inaugural production runs of Keef and State B were extremely successful and we're now moving full steam ahead with our product testing and quality assurance programs," said BevCanna CFO John Campbell.
"We're particularly excited to take the next step with our own branded and exclusively licensed product commercialization efforts, in tandem with our white label partners. We'll be fully prepared to move ahead with production once we receive our Standard Processing License."
BevCanna owns and operates one of the highest-capacity cannabis beverage processing and packaging facilities in Canada and holds the exclusive rights to a pristine spring water aquifer, achieving a bottling capacity of up to 210 million bottles per year. The specialized facility was purpose-built to manufacture BevCanna's infused house brands and those of BevCanna white-label clients launching cannabis 2.0 products.
BevCanna's state of the art facility currently is capable of formulating, processing and packaging a range of beverage product formats, including carbonated and non-carbonated aluminum canned and PET beverages.
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