Small-Cap $NEVI Expands Into Largest US Cannabis State (CSE)

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Nevis Brands Inc. (CSE: NEVI, PSCBF, 8DZ) is a leader in the innovation and development of cannabis products, enjoyed by millions globally and across multiple U.S. markets. Led by its flagship brand, Major™, Nevis collaborates with top cannabis product manufacturers and distributors to enhance their cannabis-infused offerings.

Listed on the CSE on January 6, 2023, NEVI presents a ground-floor investment opportunity with a limited trading history.

NEVI’s unique products are now available in seven states, and today, the company announced its expansion into California. With nearly 40 million residents, California’s population surpasses that of Canada, highlighting the significance of this development.

Despite financial and tax challenges in California’s marijuana industry, the state remains the world’s largest cannabis market, projected to generate nearly $5.9 billion in legal recreational and medical marijuana sales in 2023, according to the MJBiz Factbook. To put this in perspective, California’s marijuana sales could support the economy of a small island nation.

Today’s press release underscores the importance of the USD 6 billion cannabis market. NEVI’s latest agreement is with Blaze Life LLC.

“We are thrilled to be the exclusive partner of Nevis Brands for the production and distribution of Major™,” said Shreyas Balakrishnan, CEO of Blaze Life Holdings. “We are committed to driving the growth of the cannabis beverage category in California by partnering with established and strong brands. Our investment in optimizing the supply chain streamlines the market entry, reducing barriers in California’s complex cannabis market.”

Blaze Life Holdings (BLH) has a rich history in cannabis and brewing, with its last brewing assets sold to Anheuser Busch. BLH comprises:

  • ILLA Canna: Cultivation facility, branded products, and retail
  • SuLo Distro: Full-service cannabis distributor with beverage capabilities
  • Delta Bev: Cannabis manufacturing, focused on providing straightforward co-packing solutions for cannabis brands, particularly in beverages

NEVI has a track record of partnering with strong entities and acquiring solid brands. Despite being a relatively new listing on the CSE, trading volumes are modest but rising. The shares, which opened at CDN 0.20 at listing, dropped to CDN 0.075 but have nearly doubled to CDN 0.13.

As of 11:30 EST on October 5, 50k shares have been traded, compared to a daily average of 9k.

Following the principle of ‘Slow and steady wins the race,’ investors might consider focusing on the ‘steady’ aspect with NEVI.

From 2022 to 2032, the market for cannabis-infused drinks is projected to grow from US$ 400 million to US$ 8.7 billion, reflecting a CAGR of 37.8%, driven by the increasing demand for cannabis-infused beverages.

With its unique approach and skilled management, NEVI is effectively positioning its products within key demographics. As many consumers prefer drinking over smoking, NEVI’s products are well-placed for continued growth.

Stay tuned, consider buying a few shares, or at least keep NEVI on your watchlist.

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