White label manufacturing is a booming business.

BevCanna (US: BVNNF), which has so many interesting angles to its business model, continues to trade at quotes that are 50% below its all-time high of Mid-February.

Similarly to how gold companies are correlated with the spot price of the underlying commodity, companies like this are also valued as a derivative of the likelihood of further legalization, on top of thefact that BevCanna (US: BVNNF) already generates revenues from E-commerce, white label agreements and its own in-house brands.

White label manufacturing allows a company to generate revenues, thanks to an already existing product from another retailer.

White label manufacturing is a booming business. An example is Amazon’s “Amazon Basics” line, along with its family of in-house brand offerings under the “Our Brands” label. At an estimated $60.8bn in size with growth rates upwards of 41%, white label/private label manufacturing is positioned to grow quickly in the foreseeable future. BevCanna has signed several new white label agreements in March alone!

Courtesy: visualcapitalist.com

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    There are a number of reasons why cannabis still has immense growth potential ahead of it:

    • CBD is going Mainstream – It’s now being added to a broad variety of packaged goods, with the U.S. CBD market expected to reach $20 billion in 2024! 
    • Legislation will drive growth – Nearly 70% of Americans now support the full legalization of cannabis! 
    • Cannabis sales are soaring – Monthly Canadian cannabis sales reached an all-time high of CAD$270mn, a dramatic increase from CAD$180 million just six months earlier!

    BevCanna (US: BVNNF) is the largest cannabis holding in the portfolio by far!

     

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