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 (ZBISF) declined 8.5%
3. BevCann Enterprises (BVNNF) declined 8.5%
4. Dixie Brands (DXBRF) declined 19.7%
5. New Age Beverages (NBEV) declined 19.7%
6. The Tinley Beverage Co. (TNYBF) declined 25%
7. Sproutly Canada (SPR) declined 33.8%
8. Harvest One Cannabis (HRVOF) declined 36.4%

The above 8 cannabis-infused beverage companies may be hoping to become the next 'monster' stock but they all have a long way to go, however, as the price direction of each company's stock has been going down, not up, in recent months and November was no exception. Perhaps now is the time to make a move into one of the above juniors before they begin to take off. Let me know what you think in the Comment section below.