Nevis Brands (CSE:NEVI, OTCQB:PSCBF) has set its sights on growing its position in hemp-derived cannabis beverages in 2025, after expanding into new states and achieving its first EBITDA-positive quarter this year.
The company achieved EBITDA profitability in the third quarter amid strong demand for its flagship Major-branded cannabis beverages in existing and new markets.
“That was a big milestone for our company,” Nevis CEO John Kueber told Proactive.
“Growing companies can’t always maintain that. We may not always maintain that as we may choose to spend on growth, but it was important for us to show investors that our business can and mostly will run on a positive EBITDA basis.”
During 2024, Nevis expanded its branded cannabis beverages into four new states: Missouri, New Jersey, Mississippi, and Oklahoma.
Kueber highlighted Missouri as a standout market. “That’s been one of our fastest-growing markets and is…
