VANCOUVER, British Columbia, Jan. 17, 2019 -- InvestorsHub
NewsWire -- The Yield Growth Corp. (CSE:BOSS) (BOSQF) is pleased to
announce it has entered into a definitive agreement with Bhavna
Solecki and Vivek Taneja (“vendors”) to purchase eight wellness
beverage formulas designed to be infused with CBD and THC, in
addition to a capsule product intended to treat hangovers (the
“Night Before Anti-Hangover Capsules”).
The formulas have been developed to
offer various health benefits, including an energy boost, hangover
treatment, and formulas to boost brain function, reduce anxiety,
improve immunity, remove toxins and reduce inflammation. The
formulations were developed in India based on Ayurvedic medicine
using botanicals, fruit extracts and spices.
Bhavna Solecki is a natural health
practitioner and is engaged in research in Ayurvedic science.
She has been involved in creating and developing products for Yield
subsidiary Urban Juve. Vivek Taneja is an engineer with over
25 years of experience in the beverage industry developing
processes for Coca-Cola, Nestle and other beverage
companies.
Pursuant to the agreement, Yield has
agreed to pay the vendors $100,000 to acquire the assets, payable
in 200,000 shares and 200,000 warrants to purchase shares at $0.60
per share for one year. Additional compensation will be paid
for filing of a provisional patent and passing stability and
preservative testing and commercial launch of the products.
In addition, the vendors are entitled to a 2% royalty of net
revenues.
Following the acquisition, Yield
Growth subsidiary, UJ Beverages will pursue stability and
preservative testing and development of a beverage brand and
alliances with licensed cannabis manufacturers in Canada and
various states in the U.S.
“We are very excited to acquire
these formulas as the first acquisition for our cannabis beverage
line,” says Yield CEO Penny Green. “We intend to leverage the
expertise and international distribution channels that we have
developed for our topicals products.”
According to analysts at Canaccord
Genuity, cannabis and CBD-infused beverages have the potential to
outperform cannabis products, reaching up to 20% of the market for
cannabis-containing consumables by 2022.
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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