Since its IPO in July, BevCanna Enterprises Inc. (CSE:BEV) (OTC:BVNNF) has been generating a lot of buzz in the cannabis industry. Almost immediately, analysts began returning positive analyses, and several investing sites awarded BEV stock a “buy” rating.
Now, once again, the industry is talking about the exciting potential of BevCanna Enterprises (CSE:BEV) (OTC:BVNNF). As cannabis-infused consumable products have just begun hitting shelves across Canada, the company is incredibly well-positioned to deliver value to its shareholders as a leading developer and manufacturer of cannabis-infused beverages.
BEV’s Incredible Upside
For the second time since its IPO, BEV stock has dipped just below $0.29. The last time it was this low was just before the stock’s biggest run, when it achieved an all-time high of $0.78. Investors now have to wonder, is BevCanna Enterprises (CSE:BEV) (OTC:BVNNF) preparing for another incredible jump?
As of this morning, BEV shares have already begun rising in value. If the stock reaches its previous height from its current price of $0.31, investors will be seeing returns of 151.6%.
And there’s plenty of reason to believe that BEV will exceed its previous high value of $0.78. For the first time, BevCanna Enterprises (CSE:BEV) (OTC:BVNNF) products can legally be retailed in Canada. There’s no telling how high the stock will climb from here.
A Market Like No Other
According to Deloitte, the Canadian market for pot consumables will be worth $2.7 billion CAD annually. The beverages segment alone will be worth $529 million.
On top of that, a report published by Fior Markets found that the global cannabis beverages market could generate $4.57 billion USD by 2025. Companies delivering cannabis drinks in Canada now will be the ones best prepared to take advantage of this market when it begins opening up.
Canadians, for their part, have already shown that they can’t wait to start trying cannabis beverages. According to a Deloitte survey, 37% of consumers say they are interested in consuming cannabis-infused beverages, and that was before they hit the market.
With no word of mouth, no marketing, and no taste sample, an incredible amount of Canadians have already bought into cannabis beverage. And the potential for pot drinks could be even higher than expected.
BevCanna’s Unparalleled Potential
Earlier this year, BevCanna Enterprises (CSE:BEV) (OTC:BVNNF) commissioned an independent, North American-wide consumer study, on consumer preferences in the cannabis-infused beverage market. The results further bolster the company’s future prospects.
The study found that, while Canadians currently primarily consume THC-cannabis through joints, pipes, and bongs, they have a high purchase intent for alternative consumption products, especially those with CBD.
In fact, over 70 of the 2,000 respondents to the survey said they would would “definitely” or “probably” purchase CBD-infused beverages once legal. Many consumers also see CBD-infused beverages as contributing to a healthy lifestyle.
These findings led directly to the development of BevCanna Enterprises’s (CSE:BEV) (OTC:BVNNF) Grüv Beverages. The Grüv line includes a wide range of easy-drinking cannabis-infused iced tea beverages designed to quench your thirst while helping you relax.
The company’s other in-house brands include Anarchist Mountain Beverages and the Jase beverage mix. On top of that, it has a partnership with popular vape brand Bloom to manufacture its concentrates and extracts for the Canadian market.
As analysts discuss BEV’s potential, and as consumers see for themselves the taste and effects of the company’s products, shares of BevCanna Enterprises (CSE:BEV) (OTC:BVNNF) are likely to take off. If this company seems like a smart play, don’t wait! Getting in early may be your only chance to see once-in-a-lifetime returns.
Featured image: BevCanna
