YIELD GROWTH
Engages Incanco Cannabis to apply for Cannabis Processing and Sales
Licenses in Canada
VANCOUVER, BC -- January
04, 2019 -- InvestorsHub NewsWire -- The Yield
Growth Corp. (CSE:BOSS)announces that it
has engaged Incanco Cannabis Consultants to assist in the
development of plans and the preparation of applications for a
micro-processing license, a research licence and a medical sales
licence under the The Cannabis
Act for Yield Growth and its
subsidiaries.
Yield Growth plans to apply
for these licenses so it will legally be able to infuse its full
line of wellness products with Cannabinoids, including in
particular CBD and THC, and sell them in Canada. Health
Canada has proposed regulations for cannabis edibles, extracts and
topicals which are expected to be adopted into law in October 2019.
Yield Growth intends to be a leader in this new
industry.
Incanco’s principal, John
W. Conroy, Q.C., is one of Canada’s leading experts on cannabis law
with over 40 years’ experience in the area. Mr. Conroy has
been at the forefront of cannabis legalization in Canada. He
incorporated the National Organization for the Reform of Marijuana
Laws (NORML) in Canada in 1977 and has been a member of the USA
NORML Legal Committee since the mid-1970s. He incorporated
the BC Compassion Club Society in 1997 and has served as its
General Counsel ever since. He has appeared in the courts at all
levels on Cannabis issues, including the Supreme Court of Canada
and was lead counsel in the recent medical marijuana
case, Allard v Canada, where the Federal Court
of Canada declared the previous medical marijuana regulations to be
unconstitutional and led to the current Access to Cannabis
for Medical Purposes Regulations (ACMPR) now
under the Cannabis Act. His input was sought and provided at the
federal and provincial levels regarding the legalization of
cannabis in Canada, and he appeared as a witness before the Federal
Parliamentary Standing Committee on Health regarding Bill
C-45 The Cannabis Act 2017, which subsequently became
law on October 17, 2018.
“We are extremely pleased
to engage John Conroy to bring our cannabis topicals to market in
Canada,” says Penny Green, CEO of Yield Growth, “We anticipate that
with his expertise, we will be able to secure a micro-processing
license.”
Incanco Cannabis
Consultants has also been engaged to assist in finding
international opportunities for Yield Growth and to assist in
developing a plan to launch a hemp root oil extraction and
production facility. As consideration for entering into the
agreement, Yield Growth issued Incanco Cannabis 200,000 units, each
unit consisting of one share and one warrant to purchase another
share at $0.34. The agreement is for a five year term.
Additional compensation is payable to Incanco throughout the
term.
About The Yield
Growth Corp.
The Yield Growth Corp. is a
diverse team of business executives dedicated to rapid, sustainable
financial growth of cannabis assets. Its directors and officers
have experience working at multi-billion dollar international
companies including M.A.C Cosmetics, Aritzia, Skechers, Best Buy,
Future Shop, 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.
Kristina Pillon, Investor
Relations
invest@yieldgrowth.com
1-833-514-BOSS
1-833-514-2677
1-833-515-BOSS
1-833-515-2677
Penny Green, Director,
President & CEO
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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