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NEVIS BRANDS INC. Announces Corporate Update
Thenewswire· 2025-12-17 14:00
Core Insights - Nevis Brands Inc. has announced significant corporate updates, including product launches and financial agreements, positioning itself for growth in the cannabis beverage market [1][2][3]. Product Launches - The company has relaunched its Major(™) beverages in Arizona, including Major 100mg Fruit Punch, Blackberry Lemonade, and Blueberry, which are now available in multiple dispensaries across the state [1]. - Nevis Brands has secured a purchase agreement for its Happy Apple(™) hemp-derived THC beverages in Ohio, enhancing the brand's presence in a growing market [2]. Financial Developments - Nevis has reached an agreement with SoRSE Technology to make an additional payment of $75,000 towards the remaining $100,000 principal of a note, with plans to pay the remaining $25,000 plus estimated $55,000 in interest by June 2026 [3][4]. - The company aims to complete the payment of the note and allocate additional cash towards expanding its product portfolio in 2026 [4]. Company Overview - Nevis Brands Inc. is focused on building a portfolio of iconic recreational cannabis brands and operates in regulated dispensary markets through strategic partnerships and licensed production facilities [5]. - The company also sells hemp-derived THC products through its website and select distributors [5].