Yield
Growth Signs Agreements to Sell Cannabis Topicals Through 400 Store
Distribution Network in Oregon
VANCOUVER, BC --
December 20, 2018 -- InvestorsHub NewsWire -- The Yield
Growth Corp. (CSE:BOSS) announces that its
new subsidiary UJ Topicals Inc. has entered agreements with Nova
Paths LLC to manufacture and distribute its THC and CBD infused
line of topical products throughout the state of Oregon. Nova
Paths is an Oregon Liquor Control Commission approved and licensed
manufacturer and distributor of cannabis products in
Oregon.
Yield Growth’s
wholly-owned subsidiary, UJ Topicals Inc., has granted to Nova
Paths a non-exclusive license to its brand and proprietary product
formulations for pain balm, analgesic pain gel, a pain patch,
massage oil, capsules, and other products (the “UJ Topicals Line”).
Nova Paths will manufacture CBD and THC infused versions of the
products under Oregon law. UJ Topicals has also appointed
Nova Paths as its exclusive distributor for the UJ Topicals Line in
Oregon. Under the terms of the agreements, Nova Paths will
retain a fee of 25% of the wholesale revenues from sales of UJ
Topicals and pay the balance of wholesale revenue, less certain
expenses, to UJ Topicals.
New Frontier Data
projects $1.04 billion in Oregon’s total cannabis sales in 2020 -
$856 million recreational, $187 million medical. That will rank the
state as the fifth largest US market behind California ($3.1
billion), Washington ($2.28 billion), Colorado ($1.83 billion) and
Massachusetts ($1.05 billion).
“We are excited to
bring our high-quality, Ayurveda-inspired products infused with THC
and CBD to Oregon,” said Penny Green, CEO of Yield Growth and UJ
Topicals. “We will now look to finding licensing partners to launch
our THC infused line of topicals in other legal states such as
California and Washington.”
UJ Topicals Inc. was
recently incorporated as a wholly owned subsidiary of Yield Growth.
It has acquired rights from Yield Growth subsidiary, Urban Juve
Provisions Inc., to infuse its catalogue of over 50 product
formulas with CBD and THC and market the products through
appropriate channels. UJ Topicals is developing several
international topicals brands with the intent of launching them in
jurisdictions where cannabis topicals are legal. The Yield
Growth Corp. is building an international network for the legal
manufacturing and sale of products containing hemp oil, CBD and
THC.
Topicals are
cannabis-infused products which are most popularly chosen for
localized pain relief, muscle soreness, tension, and inflammation.
Anecdotal evidence exists for an even wider spectrum of
benefits, from psoriasis, dermatitis and itching, to headaches and cramping. Topicals are a
fast growing industry within the cannabis sector. According to data
from BDS Analytics, sales of topical cannabis products grew by 82%
from 2016 to 2017 in Colorado, Washington, Oregon and
California. Legal topicals sold in these states included CBD
and THC infused creams, lotions, massage oils, lubricants, lip balm
and patches, with infused balms and salves being the top selling
items.
About Nova
Paths LLC
Nova Paths is an OLCC
licensed processor, manufacturer and distributor of cannabis
products in Oregon, USA. Nova Paths has an established
distribution network of over 400 stores in Oregon, with more stores
joining every month. Nova Paths product lines include
edibles, topicals, vape pens, capsules, and flower. The
company manufactures in three models - house brands, licensed
brands, and “Made in Nova” - a unique program that enables makers
to develop and produce products inside Nova Paths, and thus
dramatically reduce their time to market. Brands manufactured
and/or distributed by Nova Paths include Top Hat (taffies and
tarts), Pure Ratios, Majesty cosmetics, Dr. Terpene capsules and
cartridges, Happy Daze capsules, Honu edibles, Pure Vape vape
cartridges, Lissa’s cookie dough, Allay topicals, Alto Essentials
(single serving packets of olive oil, salt, and honey) and several
others.
About The
Yield Growth Corp.
The Yield Growth Corp. is a diverse
team of business executives dedicated to rapid, sustainable
financial growth for businesses with viable models for success. Its
directors and officers have experience at multi-billion dollar
international companies including M.A.C Cosmetics, Aritzia,
Skechers, Pepsi and Coca-Cola.
Urban Juve Provisions Inc., which has
a catalogue of more than 50 wellness formulas, is wholly owned by
Yield Growth. Urban Juve organically synthesizes ancient
knowledge and modern techniques to create exceptional beauty and
wellness solutions. Ayurvedic knowledge delineates three general
categories or skin types. Urban Juve has translated these as
Vitalize, Balance and Align, each with
its own dedicated range of skin and body care formulations. Urban
Juve has registered with Health Canada 26 products containing
cannabis sativa hemp oil. The company has also filed 11
provisional patent applications in the United States. Urban Juve’s
skin care products are sold in Canada, with distribution agreements
signed for markets in the United States and Italy. Urban Juve has
licensed its formulas to Yield Growth wholly owned subsidiary UJ
Topicals Inc., which is launching its cannabis topicals line in
Oregon, U.S.A.
For more information about Yield
Growth, visit www.yieldgrowth.com or
follow @yieldgrowth on
Instagram. Visit www.urbanjuve.com and
#findyourjuve across social platforms to learn, engage and
shop.
Investor
Relations Contacts:
Penny Green, Director, President
& CEO
Kristina Pillon, Investor Relations
invest@yieldgrowth.com
1-833-514-BOSS 1-833-514-2677
1-833-515-BOSS
1-833-515-2677
The Canadian Securities Exchange
has not reviewed, approved or disapproved the content of this news
release.
Cautionary
Statement Regarding Forward-Looking Statements
This press
release includes forward-looking information and statements
(collectively, “forward looking statements”) under applicable
Canadian securities legislation. Forward-looking statements
are necessarily based upon a number of estimates, forecasts,
beliefs and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Such risks, uncertainties and
factors include, but are not limited to: risks related to the
development, testing, licensing, intellectual property protection,
and sale of, and demand for, Urban Juve and UJ Topicals products,
general business, economic, competitive, political and social
uncertainties, delay or failure to receive board or regulatory
approvals where applicable, and the state of the capital
markets. Yield Growth cautions readers not to place undue
reliance on forward-looking statements provided by Yield Growth, as
such forward-looking statements are not a guarantee of future
results or performance and actual results may differ
materially. The forward-looking statements contained in this
press release are made as of the date of this press release, and
Yield Growth expressly disclaims any obligation to update or alter
statements containing any forward-looking information, or the
factors or assumptions underlying them, whether as a result of new
information, future events or otherwise, except as required by
law.
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