23 C
Saturday, July 13, 2024

Small-Cap $NEVI Expands Into Largest US Cannabis State (CSE:NEVI)

Nevis Brands Inc. (CSE: NEVI, PSCBF, 8DZ) Nevis innovates and develops cannabis products consumed by millions of consumers globally and across multiple markets in the United States and led by flagship brand Major, Nevis partners with leading cannabis product manufacturers and distributors to enhance their cannabis infused product offerings.

NEVIS was listed for trading on the CSE on January 6th, 2023, a ground-floor opportunity but with a limited trading history.

NEVI’s unique products are now available in seven states within a very short time. Today, it announced that California has joined the fold. If you think this is a small development, with a population of close to 40 million, it exceeds the entire population of Canada. Eh?

Even with the recent financial and tax woes roiling California’s marijuana industry, there’s little doubt that it remains the world’s largest cannabis market. The state will ring up nearly $5.9 billion in legal recreational and medical marijuana sales in 2023, the recently published MJBiz Factbook estimates. To put that in perspective, marijuana sales in California could support the economy of a small island nation. (mjbizdaily)

Today’s PR highlights the USD6 billion cannabis market. The latest deal was an agreement with Blaze Life LLC.

“As a proven, leading brand, we are excited to be the exclusive partner of Nevis Brands for the production and distribution of Major tm,” said Shreyas Balakrishnan, CEO of Blaze Life Holdings. “We are committed to driving the growth of the cannabis beverage category in California through partnering with strong and established brands. Our investment in optimizing the supply chain streamlines the route to market, reducing barriers to entry in a particularly complex market as California Cannabis.” (PR OCT 4th)

Blaze Life Holding (BLH) has built a unique entity with deep roots in Cannabis and a history of successful brewing assets, the last sold to Anheuser Busch. Using some of the same concepts, BLH is made up of

ILLA Canna (cultivation facility, branded products, and retail)

SuLo Distro (full-service cannabis distributor with beverage capabilities),

Delta Bev (cannabis manufacturing) is focused on providing clear and straightforward co-packing solutions for cannabis brands with a focus on beverages.

Nevis has demonstrated working with strong partners and acquiring solid brands. Even though it’s a relatively new listing on the CSE, volumes, while modest, are rising with good trade. While the shares opened at CDN0.20 cents at listing and lowered to CDN0.075 cents. The shares have doubled (almost) to CDN013 cents.

As of 11:30 EST on October 5th, the shares have posted 50k shares in trade. The daily average is 9k.

Part of the old adage ‘Slow and steady wins the race’ investors can likely eschew ‘slow’ and adopt the ‘steady’ part.

During the forecast period of 2022-2032, the market for cannabis-infused drinks will grow to US$ 8.7 billion from its current estimate of US$ 400 million in 2022. Because of the projected spike in demand for beverages infused with Cannabis at a CAGR of 37.8% through 2032, the industry has experienced astonishing growth. (Fact.MR)

Aside from being unique, management deftly executes its plan and moves its products into critical demographics. As I have said before, many folks would rather drink than smoke.

Stay tuned. Buy a few shares, or at least keep it on your watchlist.

Related Articles

Stay Connected
- Advertisement -spot_img



Latest Articles