AgraFlora Organics Awarded YuShop Global Listing; To Fulfill Chinese Pre-Orders with Premium Hemp-Derived Cosmetics SKUs Via ...
September 05 2019 - 3:05AM
AgraFlora Organics International Inc.
(“
AgraFlora” or the
“
Company”) (
CSE: AGRA) (Frankfurt:
PU31) (OTCPK: AGFAF), a growth oriented and diversified
international cannabis company, is pleased to provide the following
operational updates and sales guidance pertaining to the Company’s
50 per-cent owned Joint-Venture (the “JV”), Eurasia Infused
Cosmetics Inc. (“Eurasia Infused”):
- YuShop Global (HK) Limited (“YuShop”) product listings for
CBD-infused and Canadian organic hemp-oil derived CPGs:• Permits
immediate access to China/Hong Kong’s burgeoning CBD-infused CPGs
marketplaces;• Hyper-targeting of 1.08-billion WeChat users by
way of YuShop’s proprietary marketing algorithms, suite of
automation tools and influencer campaigns;
- Pre-sale orders to be fulfilled via YuShop’s e-commerce
portal/mobile application, equipped with an active user footprint
of over 500 million consumers• Expanded marketing and
distribution initiatives to be announced in the coming weeks,
including the introduction of high-traffic retail channel partners,
as well as, 1,500 luxury health spas;
- Initial three SKUs fully customized/import certified for the
Chinese/Hong Kong marketplaces packaged for shipment from the
Company’s co-packer to fulfill anticipated pre-sales orders;
- Continued product development of a suite of CBD-infused CPGs
and nutraceutical product formulations;
- Eurasia Infused is tactically positioned to capitalize on the
continued expansion of Asia’s CBD-infused CPG geometric growth
story due to:• Diverse portfolio of CBD-infused and/or
hemp-oil-derived CPG personal care products;• 10 years'
experience specializing in the importation and customization of
premium Canadian consumer packaged goods (CPGs) for the Chinese
marketplace;
- Forecasted Q2 2020 rollout of Whole Hemp Health-branded pop-up
shops, further expanding the Company's downstream footprint and
brand presence in an economical and contemporary manner;
- AgraFlora’s Hong Kong domiciled JV-partner CBD Group Asia Ltd.
(“CBD Group”) has previously distributed premium Canadian CPGs into
China's largest retail chains and C stores, including RT-Mart
International Ltd. and Carrefour SA.• RT-Mart alone operates
over 484 retail locations covering 233 cities and 29 provinces in
China and generated $20-billion in sales in 2018.
Eurasia Infused, by way of a commercial concession with CBD
Group controls a distribution agreement signed with YuShop for CBD
and hemp-derived beauty and wellness products for the territories
of People's Republic of China and the Hong Kong special
administrative region. This distribution agreement extends to
AgraFlora's robust portfolio of CBD-infused and/or hemp-oil-derived
CPG personal care products.
Brandon Boddy, Chief Executive Officer and Chairman of AgraFlora
stated: “We are very optimistic for a full-scale Asian
commercialization campaign of Eurasia Infused’s comprehensive CBD
product suite. Further reinforced by YuShop’s expeditious listing
of our three-flagship cosmetic SKUs on their cross-border lifestyle
and e-commerce platform, forthcoming phases of commercialization
will include the launch of our premium product suite in hundreds of
high traffic locations spanning China’s metropolitan city
centres.
“Internal forecasts indicate we expect to reach over 1.5 million
targeted consumers per month by end of Q2 2020, with realized
revenues projected to increase accordingly. Our premium CBD and
Canadian organic hemp-oil derived CPGs fills an underserved product
category in China and Hong Kong today and we feel that it will
function as a benchmark for CBD infused CPG formulations.”
Eurasia Infused is positioned to capitalize on current and
future market trends in the rapidly expanding global
cannabinoid-infused CPG space. Existing turnkey
cultivation/manufacturing capabilities further bolster the JV’s
ability to swiftly expand the breadth of its current product line
to more than 40 SKUs. Eurasia Infused is finalizing the development
phase of a suite of innovative SKUs, specifically tailored of the
Asia Pacific theatre, including:
- Organic cosmetics with anti-aging properties;
- Shampoos and conditioners;
- Sunscreens.
James Foster, Chief Executive Officer of CBD Group Asia,
commented: “We are delighted to move our business case forward to
generating revenue so quickly having agreed terms on our Eurasia JV
with AgraFlora. Asian customers have responded extremely well to
the prospect of purchasing AgraFlora ‘Whole Hemp Health’ brand and
as a result we have moved forward with our distribution plans
through a successful listing with YuShop Global.
“Furthermore, we have initiated discussions with further parties
working within CBD Asia Group’s existing sales network. These
include three more large distribution companies based in PR China
to further expand sales reach after this initial launch. Prospects
for the JV look extremely strong as the market for CBD in Asia
rapidly accelerates to hyper growth and we are fortunate through
our JV with AgraFlora to be tactically well positioned within this
margin rich marketplace.”
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a growth oriented and
diversified company focused on the international cannabis industry.
It owns an indoor cultivation operation in London, ON and is a
joint venture partner in Propagation Service Canada and its
large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The
Company has a successful record of creating shareholder value and
is actively pursuing other opportunities within the cannabis
industry. For more information please visit: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Brandon Boddy Chairman & CEOT: (604) 398-3147
For additional
information:AgraFlora Organics International Inc.
Tim McNultyE: ir@agraflora.com T: (800) 783-6056 |
For French inquiries: Remy
Scalabrini, Maricom Inc.E: rs@maricom.ca T: (888)
585-MARI |
|
|
The CSE and Information Service Provider have
not reviewed and does not accept responsibility for the accuracy or
adequacy of this release.
Forward-looking Information Cautionary
Statement
Except for statements of historic fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements
including, but not limited to delays or uncertainties with
regulatory approvals, including that of the CSE. There are
uncertainties inherent in forward-looking information, including
factors beyond the Company’s control. There are no assurances that
the business plans for AgraFlora Organics described in this news
release will come into effect on the terms or time frame described
herein. The Company undertakes no obligation to update
forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and
uncertainties that could affect financial results is contained in
the Company’s filings with Canadian securities regulators, which
are available at www.sedar.com.
Agra Ventures (CSE:AGRA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Agra Ventures (CSE:AGRA)
Historical Stock Chart
From Jul 2023 to Jul 2024