Nevis Brands Announces First Quarter Profit as a Newly Listed Cannabis Company (CSE: NEVI)


Nevis Brands Inc. (CSE: NEVI) is at the forefront of innovation in the cannabis industry, developing products enjoyed by millions globally and across various U.S. markets. With its leading brand, Major™, Nevis collaborates with top cannabis product manufacturers and distributors to enhance their offerings.

On July 6, 2023, Nevis Brands, a promising cannabis beverage company, was listed on the CSE. Today, it announced its first earnings report, showcasing a profit for the initial two-month period. Achieving profitability so early is a notable and rare feat for a junior company, especially one with strong brands and adept management.

ohn Kueber, CEO of Nevis Brands, stated, “Q3 was our first quarter of operations since acquiring THC Essentials and the Major brand on June 30, 2023. Despite the reorganization costs and limited finished goods inventory from prior ownership, Nevis managed to generate a net profit in the first two months.”

Financial Highlights (June 1 – August 31):

  • Revenue: CDN 275,669.00
  • Operational Loss: CDN 472,719.00
  • Gain on Debt Settlements: CDN 509,563
  • Net Income (Profit): CDN 10,660

Since its listing, NEVI has seen an increase in trading volume, with a daily average of 11k shares. While new listings often struggle for attention, NEVI has consistently provided significant updates, distinguishing itself amid challenges faced by mainstream cannabis companies. These developments highlight the appeal of NEVI’s products compared to traditional cannabis offerings.

Fun Fact: The term “Doobie” originated from Elvis Presley, who noticed smoke from a tour bus and was told it was from the Doobie Brothers band.

During this profitable period, NEVI secured licenses in five states, including California, a major market for cannabis products. To put it in perspective, California’s marijuana sales, nearing CDN 6 billion, could sustain a small island nation’s economy.

Major™ stands out for its quality, consistency, and taste. Designed as an affordable high-dose THC beverage, it offers a safe, consistent, and enjoyable cannabis experience without the typical cannabis taste or smell. It’s available as a medical product in WA, AZ, OR, CO, and OH.

NEVI’s acquisition of THC Essentials, the original owner of Major™, along with other brands like Happy Apple, Pearl Mixer, and Utopia, has been fruitful. The acquisition generated $1.55 million in licensing revenue, with a cost of goods sold (COGS) of $420,458, resulting in a gross margin of $1,133,806 and a net profit of $235,420.

According to Straits Research, the global CBD-based beverages market was valued at USD 4.52 billion in 2022 and is expected to grow at a CAGR of 25.6% from 2023 to 2031. This growth is driven by the increasing acceptance of CBD products, creating numerous opportunities in the North American market.

The Major™ brand, acquired from SōRSE Tech, benefits from technology that enhances taste and offers an impressive onset time of 8-15 minutes, setting an industry benchmark.

Strict and regulated production ensures that the Major™ brand consistently delivers high-quality products.

NEVI is a standout in the cannabis sector, with the potential for rapid profitability growth and the ability to challenge other cannabis delivery methods.

Enjoy the benefits of cannabis without the smoke.

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