Koios Beverage Corp. (CSE:KBEV) is up 20% today on the Canadian Securities Exchange! The organic nutritional supplement company is steadily growing in the beverage space in the US. Recently, the company began infusing CBD into its beverages, which has pushed up interest in its products.
Koios Beverage Stock Movement
At the time of writing, KBEV is trading at $0.335 a share, up +$0.055 (+19.64). At one point today, the stock was trading at $0.0355 a share. Despite its rise today, the stock was on a downward trend for most of the last 30 days.
Last year, the company ramped up the production of its CBD beverages, causing the stock to climb. On September 21st, KBEV hit its all-time high of $0.95 a share. There wasn’t a specific announcement that pushed Koios’s stock to the top; it was more of a gradual gain during the month. The beverage stock has been on a decline ever since.
Today’s share spike remains a bit of a head-scratcher, as the last company update was released five days ago.
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Constellation Brands Exec Joins Koios Beverage
On February 20th, the beverage company announced a new addition to its advisory board, Aussie Jiwani. Jiwani was the former Key Account Manager pf BC Retail Chains and Grocery for Arterra Wines Canada. Arterra Wines Canada was acquired by Constellation Brands (NYSE:STZ) in 2006.
Before Constellation, Jiwani was a Canadian National account manager with Molson Coors Canada (OTC:MXGBF). He brings 23 years of experience in the alcoholic beverage industry.
“I’ve spent most of my life in the beverage industry, and I know a winner when I see one,” said Jiwani. “Koios is a young company, but I believe they are uniquely positioned to blaze bold new trails and eventually become market leaders.”
Jiwani’s experience will help Koios Beverage move forward with its ‘smart drink’ products. Currently, Koios’s drinks are distributed in over 3,000 retail locations in the US.
Featured Image: Unsplash
