MY ONLY POSITION IN THIS SECTOR: IT’S MASSIVE!
The Details are Rock-Solid
Voters passed Proposition 215 in 1996, California’s Compassionate Use Act, which legalized the cultivation, possession, and use of marijuana for medical purposes. This laid the groundwork for future laws across the country.
Between 1998 and 2013, 19 other states and the District of Columbia passed laws that enacted some measure of legal medical marijuana. From 1998 through 2011, Alaska, Oregon, Washington, Colorado, Hawaii, Nevada, Montana, Vermont, New Mexico, Rhode Island, Michigan, New Jersey, Arizona, the District of Columbia, and Delaware all legalized the use of cannabis for medicinal uses.
The Farm Bill that Trump signed in late 2018 was a huge step forward for the CBD market since the cultivation of hemp was finally decriminalized in America.
For me, the most important progress came in 2018, when Bill C-45 (the Cannabis Act) was passed into law in Canada, making recreational marijuana use legal throughout the nation!
A Gallup poll in November 2020 showed that 68% of Americans, a record high, favored legalization.
With that, 15 states and the District of Columbia had legalized cannabis for adult recreational use and 36 states permitted it for medical use by the end of 2020.
Senate Majority Leader Chuck Schumer has vowed to push for sweeping legislation in 2021 that would end the federal prohibition on marijuana.
This is one of the chief reasons principals of Wealth Research Group have taken a position in BevCanna Enterprises Corp. (CAD: BEV & US: BVNNF)!
BevCanna Enterprises (US: BVNNF) might be the complete package, in my opinion!
The company generates revenue in Canada, and the United States, and has a multi-channel sales and distribution network comprised of CPG retail, direct to consumer e-commerce, and recreational cannabis retail channels, and strategically owns and operates CPG and cannabis dedicated manufacturing facilities that produce a range of plant-based and cannabinoid beverages and nutraceuticals for both in-house brands and white-label clients. Tomorrow, I’m going to elaborate on all of the above!
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The bottom line is the company is in the unique position of being one of the only fully licensed, in-house and white-label beverage manufacturing companies that distributes both conventional CPG and cannabinoid-based beverage and wellness products, with $55M+ in assets on the balance sheet, and a global multi-channel sales and distribution network positioned for growth.
We see several major significant growth catalysts – expect another critical update from us.
Conduct your research on BevCanna Enterprises (US: BVNNF)!
The Portfolio Wealth Global Team
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
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(o) forward looking statements are limited to the time period in which they are made and we do not undertake to update forward looking statements that may change at any time; and (p) we make statements in our profiles that an issuer’s stock price has increased over a certain period of time; however, these statements only reflects an arbitrary period of time, and is of little or no predictive or analytical quality.
We are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. We are a marketing company and are paid advertisers. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. On March third twenty twenty one, in connection with our agreement with Bevcanna Enterprises Inc, we received five hundred thousand dollars, from Bevcanna Enterprises Inc. On March ninth of this year, we purchased two and a half million warrants, directly from the company. Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or constitute an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEDAR and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.
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