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VANCOUVER, British
Columbia, Jan. 10, 2019 -- InvestorsHub
NewsWire -- The Yield Growth Corp. (CSE:BOSS)
(OTC:BOSQF) is pleased to announce that it will
launch three hemp-based skin care products next week under the
Urban Juve brand: Vitalize Daily Face Moisturizer, Balance Daily
Face Moisturizer and Align Daily Face
Moisturizer.
Manufacturing of these
three products began this week at a GMP compliant manufacturer in
accordance with the highest industry standards in Canada. The 3
batches have already finished production and are undergoing final
microbial testing, which takes 5-7 days. The product will be filled
after all the quality assurance work is finished so it is safe for
consumer use and ready for sale.
All of these products are
made with proprietary formulations containing hemp oil and are
carefully crafted with natural ingredients and made without
parabens, mineral oil, sulphates, artificial fragrances, dyes,
formaldehyde forming agents and phthalates. The products are not
tested on animals and can carry the label “cruelty free”. The
product packaging for all three products is fully recyclable. The
moisturizers are registered for sale with Health Canada and will
soon be available for sale in Canada through the Urban Juve website
and other retailers.
“I am extremely proud of
our talented team for bringing these beautiful products to the
retail market in under two years,” says Yield Growth CEO, Penny
Green, “Once the development work is complete, the potential profit
margins on these products are high. We also expect to make healthy
returns on our future planned cannabis infused
topicals.”
The suggested retail price
for the Urban Juve moisturizers is $65 per unit, whereas the cost
per unit for raw ingredients, packaging and manufacturing is under
$8, yielding a potentially lucrative margin for the company. Profit
margins for concentrates and infused products in the cannabis
sector are estimated at around 32% - significantly higher than
those typically realized by alcohol, soft drinks, and cigarettes,
according to the 2016 Marijuana Business
Factbook.
The steps required to bring
these Urban Juve products to market included research and
development, bench scaling the product formulations, manufacturing
processes and sourcing of the highest grade raw materials. Urban
Juve ensures all of the products go through stability testing,
preservative challenges, package stability testing and microbial
quality assurance. The entirety of the process, from packaging
sourcing and design to production, is in compliance with Health
Canada product and packaging regulations.
The moisturizers, like many
of Urban Juve’s products, have been developed based on ancient
Ayurvedic principles to offer a customized experience for different
Ayurvedic body types which have been modernized by the Urban Juve
brand as Vitalize (Vata), Balance (Pita) and Align
(Kapha).
Vitalize Daily Face
Moisturizer is created for deep hydration for normal to dry skin.
Made with rich and warming spice essential oils, it encourages
circulation for a natural glow. Balance Daily Face Moisturizer
provides soothing hydration for sensitive skin. Its potent blend of
juniper berry, rose water and jasmine counteracts the toxins and
irritants that cause redness and flare-ups. Align Daily Face
Moisturizer bestows purifying hydration for oily skin. Its herbal
essential oils have antibacterial and acne fighting properties. All
of the moisturizers are made with hemp oil and hydrate, reduce
inflammation and nourish the skin.
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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