VANCOUVER, BC, Dec. 10, 2020 /CNW/ - Kiaro Holdings Corp.
("Kiaro" or the "Company") (TSXV: KO) is pleased to announce that
National Cannabis Distribution ("NCD"), the Company's wholesale
subsidiary, recently entered into a reseller agreement with
Golden Coast Sales and Marketing
Inc. ("Golden Coast") for the exclusive distribution rights to
various cannabis 2.0 THC and CBD products in Saskatchewan which feature brands focused on
vegan and gluten-free product lines.
"We are thrilled to be sharing our exclusive Vegan and Gluten
free product lineup throughout our retailer network in Saskatchewan. The 'Golden Coast Agreement' is
indeed a major step towards increasing NCD's robust product
offering, and better servicing the plant-based alternative
community," said Daniel Petrov,
Chief Executive Office of Kiaro.
Below is a table highlighting the cannabis 2.0 product offerings
and the anticipated launch dates for each offering:
Name
|
Product
Description
|
Launch
Date1
|
White Rabbit
OG
|
Cannabis-infused pure
fruit, all natural, vegan, and gluten free chews.
|
December
2020
|
True North Cannabis
Corp.
|
Value focused,
hemp-based Cannabidiol ("CBD") concentrates and
extracts.
|
First Quarter
2021
|
HYTN
Beverages
|
Cannabis-infused all
natural, sugar free and gluten free sparkling beverages.
|
Second Quarter
2021
|
BC Legacy
Extracts
|
Small batch, craft
cannabis concentrates and extracts.
|
Second Quarter
2021
|
(1) Launch dates are
estimated and subject to regulatory approvals and availability from
Licensed Producers.
|
White Rabbit OG
White Rabbit OG ("White Rabbit") is the first cannabis brand to
focus on bringing to market craft edibles made with real fruit, all
natural, vegan, and gluten free ingredients. White Rabbit edibles
are naturally free of allergens and preservatives.
White Rabbit products are powered by EAT ME Technology ("EAT ME
Tech"), a proprietary all-natural emulsion blend, specifically
designed to be a consistent, reliable, and safe cannabis delivery
system. EAT ME Tech has antioxidant properties creating a natural
stabilizer for the cannabinoids.
HYTN Beverages
HYTN Beverages are an all natural, sugar free and gluten free
sparkling beverage that feature HYTN's Elevation technology and
deliver a rapid onset and predictable Tetrahydrocannabinol ("THC")
experience. HYTN beverages will be initially available in 4
flavours: Watermelon Mint, Blood Orange, Lemongrass Ginger and
Rosewater Lemonade.
True North Cannabis Corp.
True North Cannabis Corp. is a hemp-based CBD company with a
core focus on the supply of CBD bulk ingredients, alongside the
development of hemp-based, value-driven CBD concentrates and CPG
products.
BC Legacy Extracts
BC Legacy Extracts is a craft cannabis extracts brand
specializing in solventless, plant-based extracts made by using
traditional pressing techniques.
Kiaro Holdings Corp.
Headquartered in Vancouver, British
Columbia, Kiaro is an independent, omni-channel cannabis
retailer and distributor. Through existing storefronts across
British Columbia and Saskatchewan, a wholesale distribution
division servicing Saskatchewan,
and plans for national expansion, Kiaro is driven to introduce new
and experienced consumers to a lifelong exploration of cannabis.
With more than 40 years of collective retail-focused experience,
Kiaro's leadership team has a proven track record of growing retail
brands across North America and
plans to open multiple retail locations nationwide over the coming
years.
Forward-Looking Information
This news release contains statements that may constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information may
include, among others, statements regarding the future plans,
costs, objectives or performance of Kiaro, or the assumptions
underlying any of the foregoing. In this news release, words such
as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and
the negative form thereof are used to identify forward-looking
statements. In this news release, forward-looking statements
relate, among other things, to: proposed retail expansion plans and
management's ability to execute on same, overall growth of the
Canadian cannabis market and retail opportunities, the award of new
operating permits and licenses in various jurisdictions, and the
timing and amount of any dispositions of the Company's common
shares. Forward-looking statements should not be read as guarantees
of future performance or results, and will not necessarily be
accurate indications of whether, or the times at or by which, such
future performance will be achieved. No assurance can be given that
any events anticipated by the forward-looking information will
transpire or occur. Forward-looking information is based on
information available at the time and/or management's good-faith
belief with respect to future events and are subject to known or
unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond Kiaro's control. These risks,
uncertainties and assumptions include, but are not limited to,
those described in Kiaro Filing Statement dated September 29, 2020, a copy of which is available
on SEDAR at www.sedar.com, and could cause actual events or results
to differ materially from those projected in any forward-looking
statements. Furthermore, any forward looking information with
respect to future expansion plans is subject to the qualification
that management of Kiaro may decide, and the assumptions that any
construction or conversion would not be cost prohibitive, required
permits will be obtained and the labour, materials and equipment
necessary to complete such construction or conversion will be
available. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this
news release. Kiaro does not intend, nor undertake any obligation,
to update or revise any forward-looking information contained in
this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable
laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
For more information, visit: www.kiaro.com
SOURCE Kiaro Brands Inc.