E Cannabis-Infused Beverage Stocks Continued To Decline Across The Board In November

TM Editors Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.

Many cannabis companies are betting big on beverages. Zion Market Research estimates that cannabis beverages will generate total revenue globally of about US$4.5B by 2025 (US$1.4B in the U.S. alone), with a CAGR of approximately 15.6% between now and 2025. That has resulted in established major alcoholic beverage companies such as Molson Coors Brewing Company (NYSE:TAP), Anheuser-Busch InBev SA (NYSE:BUD) and Constellation Brands Inc. (NYSE:STZ) buying stakes in, or entering into joint ventures with, the likes of HEXO Corporation  (NYSE:HEXO), Tilray Inc. (Nasdaq:TLRY) and Canopy Growth Inc. (NYSE:CGC). It is usually innovative, early mover, smaller companies that benefit the most in market breakouts, however, and this article takes a look at the November stock price performance of 8 such companies.

On average, the 8 companies I allude to:

  • declined 16.8% in November vs.  -11.6% for the total cannabis stock category
  • declined 16.7% in October vs. -12.7% for the total cannabis stock category
  • declined 17.4% in September vs. -17.3% for the total cannabis stock category
  • declined 8.9% in August vs. -12.8% for the total cannabis stock category
  • declined 17.2% in July compared to -9.4% for the total cannabis market sector and have
  • declined by 76.9% (that is not a misprint!) from their March/April peaks.

Specifically, in November,

  1. Alkaline Water Company (WTER) declined 8.3%
  2. Zenabis Global (ZBISFdeclined 8.5%
  3. BevCann Enterprises (BVNNF) declined 8.5%
  4. Dixie Brands (DXBRFdeclined 19.7%
  5. New Age Beverages (NBEVdeclined 19.7%
  6. The Tinley Beverage Co. (TNYBF) declined 25%
  7. Sproutly Canada (SPRdeclined 33.8%
  8. Harvest One Cannabis (HRVOF) declined 36.4%
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