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Nevis Brands Inc. Announces Strategic Distribution Agreement with Z.T. Distribution Inc. for Hemp-Derived THC Beverages
Thenewswire· 2025-07-16 14:01
Core Insights - Nevis Brands Inc. has entered a pivotal distribution agreement with Z.T. Distribution Inc. to expand its market presence in the Midwest, specifically for its flagship hemp-derived THC beverage, Happy Apple™ [1][2][6] - Z.T. Distribution will serve as the exclusive distributor for Happy Apple™ in Wisconsin and select areas of Minnesota and Illinois, leveraging its extensive network of over 1,000 grocery stores and retailers [2][10] - The partnership aims to enhance Nevis Brands' ability to penetrate key markets and meet the growing demand for high-quality hemp-derived THC beverages [3][5] Company Overview - Nevis Brands Inc. specializes in the development and marketing of cannabis and hemp-derived beverage brands, focusing on quality, innovation, and consumer satisfaction [8] - The company's flagship products include Major™, a high-dose THC beverage, and Happy Apple™, which combines natural flavors with precise dosing [8] - Nevis Brands is listed on the Canadian Securities Exchange (CSE: NEVI) and the U.S. OTC market (NEVIF) [8] Product Development - Happy Apple™ is currently available in a 5mg THC version, with plans to introduce a 10mg variant to cater to a broader range of consumer preferences [4][5] - Production of the 10mg version is underway and expected to be completed by early August 2025, with products hitting store shelves by mid-August [5] Market Trends - The hemp-derived THC beverage category is one of the fastest-growing segments in the beverage industry, driven by increasing consumer interest in alternative wellness products [5] - Nevis Brands is well-positioned to capitalize on this trend through its innovative product offerings and strategic partnerships [5][6] Distribution Strategy - The collaboration with Z.T. Distribution is a key component of Nevis Brands' strategy to expand its footprint in the United States [6] - Z.T. Distribution has over a century of experience in distributing consumer goods and is known for its excellence in logistics and market development [10]
Nevis Brands Reports Q2 2025 Results: Revenue Growth, Stable Gross Margin
Thenewswire· 2025-07-14 21:00
Core Insights - Nevis Brands Inc. reported a modest revenue increase in Q2 2025 compared to Q1, driven by stable revenues in licensed markets and early performance of its hemp-derived THC product line [2][4] - The company maintained a gross profit margin of 75%, reflecting the effectiveness of its capital-light licensing model [2][5] - Non-operational factors, including foreign exchange pressure and elevated audit fees, impacted earnings, resulting in a net loss of CAD 92,458 for the quarter [3][4] Financial Performance - Revenue for Q2 2025 was CAD 418,745, slightly up from CAD 416,355 in Q1 [4] - Gross profit was CAD 315,228, showing stability compared to CAD 315,345 in Q1 [4] - EBITDA for the quarter was CAD -16,226, a decline from CAD 135,038 in Q1 [4] Operational Highlights - Geographic expansion in New Jersey and Missouri contributed to revenue growth, with flagship brands Major™ and Happy Apple™ gaining traction [5] - The launch of the Happy Apple™ hemp-derived THC drink generated initial positive consumer feedback, with expectations for sales acceleration in the second half of fiscal 2025 [5] - The company's asset-light strategy continues to validate its gross margin of 75%, allowing for low fixed costs and adaptability to market changes [5] Strategic Outlook - Nevis is positioned to capitalize on growth drivers as the cannabis beverage category matures and consumer adoption increases [6] - The company is focused on scaling revenues and progressing towards sustained profitability, with strong brand momentum and disciplined cost control [6][11] - New distribution partnerships are under review, expected to enhance national distribution for Major™ and Happy Apple™ [11]
Nevis Brands Announces the launch of Major(TM) in Illinois, new distribution of Happy Apple(TM) in North Carolina, South Carolina
Thenewswire· 2025-05-13 12:30
Company Overview - Nevis Brands Inc is a leading provider of cannabis beverage brands, focusing on Hemp Derived THC products [1][2] - The company is publicly traded on the CSE under the symbol "NEVI," US OTC: "NEVIF," and Frankfurt Stock Exchange symbol "8DZ" [3] Product Launch and Market Expansion - Nevis has launched its Major(™) 100mg THC beverages in Illinois, partnering with Drecisco Farms, aiming to become a top-selling beverage in the state [2] - The company is expanding its retail presence in North Carolina and South Carolina, targeting bars and specialty beer and wine outlets [4] Sales and Revenue Generation - Happy Apple(™) Hemp Derived THC beverages are being sold in multiple states, with a focus on low-dose 5 mg THC options to grow revenues [1] - The company anticipates recognizing revenue from Happy Apple in fiscal Q2 [4] Marketing and E-commerce Strategy - Nevis plans to introduce Happy Apple(™) in traditional retail liquor stores and bars, while also developing an e-commerce platform at www.nevishemp.com [1] - The company is leveraging social media influencers and online marketing to boost online demand for its products [4]