- The Company has completed production of 2 flavors of Major(™) Gummies for Washington State
- Major(™) Gummies represents the company’s first gummy product, which uses SoRSE(™) emulsion for rapid onset.
SEATTLE, May 29, 2024 /CNW/ – Nevis Brands Inc (CSE: NEVI) (OTCQB: NEVIF) (“Nevis” or the “Company”) a leading provider of cannabis beverages brands, today reported expansion of the Major(™) brand from beverages to gummies.
“The Major(™) brand of beverages is already carried in hundreds of retail stores across 8 states and based on feedback from our retail partners we saw an opportunity to expand our offerings to capitalize on the enthusiasm for Major’s effects and flavor profiles,” said John Kueber, CEO of Nevis.
Major Gummies are offered in 100mg packages of ten 10mg gummies per package. It is the only gummy in the Washington market that utilizes SoRSE(™) emulsion, the same ingredient used in Major(™) beverages that allows for improved taste and rapid onset. Major(™) Gummies will be consistent with the flavor profiles of its beverages and will initially be offered in Orange Mango and Blue Raspberry flavors.
According to Imarc group, a research firm, the cannabis edibles market is approximately $3.4 Billion. Cannabis beverages comprising approximately $1 Billion.
Kueber continued: “As the cannabis beverage market matures and grows we believe Gummies can introduce additional growth for Nevis starting in Washington and one additional market in the second half of 2024. We are excited to introduce this new line of products consistent with our business model of licensing the Major(™) brand to established producers and distributors to succeed in each market. We will continue to innovate and bring more existing products to consumers under our brands.”
Nevis’ licensee for Major(™) in Washington State has completed its initial round of production and initial sales will begin in the first week of June. Gummies revenues will have an impact on Q3 results.
About Nevis Brands
Nevis innovates and develops cannabis products that have been consumed by millions of consumers across Washington, Oregon, California, Colorado, Arizona, Nevada and Ohio with agreements to expand to Michigan and Missouri. Led by our flagship brand Major™ (www.drinkmajor.com) Nevis partners with leading cannabis product manufacturers and distributors to enhance their product offerings.
Nevis Brands Inc. is publicly traded on the CSE under the symbol “NEVI,” OTCQB “NEVIF” and Frankfurt Stock Exchange symbol under the symbol “8DZ.”
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement Regarding “Forward-Looking” Information Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Investors are advised to consider the risk factors under the heading “Risks and Uncertainties” in the Company’s Form 2A, available at www.sedar.com for a discussion of the factors that could cause the Company’s actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
SOURCE Nevis Brands Inc.
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