Yield Growth Creates California Subsidiary
Mad Wallaby Distribution Inc. to Establish Sales Channels for Hemp
Root Oil and CBD Wellness Products
VANCOUVER,
British Columbia, March 26, 2019 - InvestorsHub
NewsWire -- The Yield Growth Corp. (CSE:BOSS) (BOSQF) (YG3.F) announces Mad
Wallaby Distribution Inc. as a new, wholly owned subsidiary which
has been submitted for incorporation in the State of California.
Mad Wallaby establishes legal U.S. retail and e-commerce
distribution for beauty, health and wellness brands with products
containing hemp ingredients including cannabidiol from hemp (CBD)
that have less than 0.3 percent concentrations of THC.
Drawing on
the immediate product development, technology, manufacturing and
retail management experience of the Yield Growth leadership team,
the company is uniquely positioned to offer businesses affordable
market intelligence and pave the sales path required to capitalize
on this unique growing sector.
“Establishing Mad Wallaby to create U.S. distribution channels for
CBD products is an exciting, natural step for Yield Growth,” says
Penny Green, Yield Growth CEO. “As we are seeing now with the
American national drugstore chain CVS for example, shelf space for
these products is expanding quickly in relation to strong consumer
interest and increasing market demand. Adherence to the complex and
evolving laws surrounding these products remains important and
represents our trusted distinction as a distributing partner for
both emerging brands and the established retailers they seek to
supply.”
A recent estimate from cannabis industry analysts the
Brightfield Group indicates the international hemp-CBD market could
hit $22-billion by 2022.
Mad Wallaby plans to build an initial distribution
portfolio of 10 brands, including Yield Growth’s own Urban Juve and
a Mad Wallaby CBD product line in development-- that meet its
standards for quality and the legal requirements for products
containing hemp pursuant to the U.S. Farm Bill and other applicable
regulations. Starting in the Western States, Mad Wallaby’s core
services include distribution, legal analysis, marketing, B2B sales
and e-commerce support for brands. Mad Wallaby will charge a
distribution fee as a percentage of sales plus fees for added
services. Yield Growth has built a sophisticated e-commerce
platform to sell the Urban Juve product line, which is expected to
launch next month. Mad Wallaby can leverage the same technology to
distribute other CBD products online.
Thrive Activations, another wholly owned subsidiary of
Yield Growth, has been successful in providing incubation services
for new ventures, including technology development and marketing
support, and generated more than $1,000,000 in revenues in Fiscal
2018, all of which was paid in cash, not stock.
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.
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