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Hill Street Beverage Company Inc (CVE:BEER) CEO on 2019 Revenue Growth Target
Hill Street Beverage Company Inc (CVE:BEER) (OTCMKTS:HSEEF) CEO Terry Donnelly is ecstatic about the company’s first quarter. Hill Street’s Q1 reporting showed the company’s revenue was up 100 percent YOY and the company is tracking 35 percent annual revenue growth for 2019. Donnelly discusses how Hill Street has used its line of non-alcoholic beer and wine to drive its brand recognition ahead of the legalization of infused beverages in the fall. Donnelly explains how Hill Street uses partner Lexaria Bioscience Corp’s (CNSX:LXX) DehydraTECH to create infused beverages. The technology allows for 5 to 10 percent greater availability of THC and ensures consumers feel the beverage’s full effect in 15 minutes. Donnelly suggests that this allows consumers to luxuriate over infused beverages in the same way they do with alcoholic beverages. Hill Street is the most awarded alcohol-free beverage company in the world and plans to be ready for legalization in the fall.