YIELD GROWTH Completes Initial Design for Extraction Facility & Orders Equipment
March 11 2019 - 9:34AM
InvestorsHub Cannabis NewsWire
VANCOUVER, British Columbia, March 11, 2019 -- InvestorsHub
NewsWire -- The Yield Growth Corp. (CSE:BOSS) (BOSQF) (YG3.F) is pleased to announce it
has completed initial designs for a commercial hemp root oil
production facility, and sourced and ordered key equipment for its
proprietary extraction technology.
After reviewing the data from its hemp root oil
production to date, Yield Growth designed a state-of-the-art system
to enhance the traditional Ayurvedic methods of extraction that
produce a consistent, high-quality product.
In Ayurveda, roots are considered the most healing part
of the plant, and have been used in medicine for over 5,000 years.
While the ancient extraction methods retain the integrity of the
medicinal properties of the plant, they are labour-intensive and
time consuming. Conversely, the available modern techniques often
dilute the health benefits of the plant and its derivatives.
Through innovation and proprietary technologies, Yield Growth has
developed a new, scalable extraction method that retains Ayurvedic
principles and preserves the beneficial properties of the plant.
The result: an efficient and effective process that yields
high-quality hemp root oil.
Yield Growth will continue to innovate and conduct
further research on creating cannabidiol from industrial hemp over
the next few quarters. The versatility of the new equipment
allows further refinement to the process of extracting cannabinoids
from industrial hemp that are exempt from the Cannabis Act. Yield
Growth will continue to develop unique products through its
patent-pending extraction technology—and enhance the
bioavailability of botanicals through the skin.
Extraction equipment will arrive within weeks, allowing
for the production and testing of sample batches of hemp root oil
using the enhanced design. Yield Growth anticipates the new
commercial hemp root oil extraction facility will be fully
operational by late 2019.
Yield Growth has engaged Winning Media to develop
market awareness for potential investors through digital marketing.
Yield Growth also engages CFN Media, Stockhouse Publishing, Market
IQ Media, and the Globe & Mail for digital advertising and
sponsored content related to corporate brand awareness.
About The Yield Growth Corp.
The Yield Growth Corp. is disrupting the $4.2 trillion-dollar
global wellness market with hemp and cannabis-infused products that
connect ancient healing with modern science. It is a
vertically-integrated asset company with the leadership, financial
position, and science-backed formulas to capitalize on the cannabis
revolution. The Yield Growth management team has deep experience
with relevant global brands including Johnson & Johnson,
Procter & Gamble, M·A·C Cosmetics, Skechers, Best Buy,
Aritzia, Coca-Cola, and Pepsi Corporation. Yield Growth
serves mainstream, luxury consumers who demand sophisticated
wellness solutions. Its flagship consumer brand, Urban
Juve, has registered 35 products with Health Canada. Key
ingredients in these products include Cannabis Sativa hemp seed oil
and hemp root oil created using Urban June’s proprietary,
patent-pending extraction technology. Urban Juve has also filed 11
provisional patents in the United States. Through its
subsidiaries, Yield Growth is commercializing over 70 wellness
products and has multiple revenue streams including licensing,
incubation services and product sales.
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, 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, UJ Topicals, UJ Beverages
and UJ Edibles 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.