VANCOUVER, BC --
July 11, 2019 -- InvestorsHub NewsWire -- The Yield Growth Corp.
(OTCQB:BOSQF) (CSE:BOSS)
(Frankfurt:YG3) is pleased to announce it has entered
into a definitive agreement on July 10, 2019
with Melorganics Hellas for distribution
of Urban Juve products in Greece and Cyprus.
Urban Juve to
Launch in Greece & Cyprus
Pursuant to the agreement
Melorganics Hellas will act as the exclusive retail distributor and
non-exclusive e-commerce distributor for Urban Juve products in
Greece and Cyprus. To maintain exclusivity in the territory,
Melorganics must purchase a minimum amount of Urban Juve products
of $300,000 in Year 1 and $500,000 in each subsequent
year. The initial term of the agreement is three years from
the date of first delivery, subject to one year renewal terms if
the distributor meets its minimum purchase
requirements. Greece is currently enjoying surging foreign and
local investment, and the country legalized cannabis for medical
reasons in 2018, creating new opportunities for cannabis
companies.
“This is the first of many
territory-specific distribution agreements we expect to enter
into,” says Penny Green, CEO of Yield Growth. “We intend to
generate significant sales revenues by aligning ourselves with
different distributors that have strong networks in diverse
regions. We are currently in negotiations with distributors for
France, Poland, the United Kingdom and Turkey with upcoming
meetings set to discuss South America, Germany and
Portugal.”
Urban Juve recently
announced its first product has received a Compliance Certificate
and is approved for sale in the European Union. It has plans to
register ten more products for sale in the EU in the upcoming
months. European marketing efforts will begin in the fall,
including a product feature in the September issue of British
Vogue, with an expected publishing date of August
2nd.
Yield Growth also has
several CBD product lines planned for launch this fall, which are
intended for the U.S. and European markets. Brightfield Group
estimates that the European CBD market will boom over the next four
years. The market was estimated at $318 million in 2018 and is
expected to grow over 400 percent through 2023.
"CBD is just starting to
take hold in Europe, with both product availability and consumer
awareness still quite limited. This is a great opportunity for
developed brands to enter and expand through Europe with far less
competition than we're seeing in the U.S.” says Bethany Gomez,
Brightfield Managing Director.
About
Melorganics
Melorganics Hellas plans to
enter the Greek and Cypriot markets with a full line of CBD
products. The company is in the process of securing exclusive
rights and strategic alliances with leading companies both in
Greece and Canada; companies that are focused on the development of
unique health products and nutraceuticals utilizing cannabis and
botanical oils. The company is founded by Athanasios (Tom)
Vachliotis (a Greek and Canadian Citizen), and John Philpott, who
both have proven success in different business ventures. Vachliotis
has deep ties to Greece and many past business successes. Philpott
is the CEO of CanAm Physician Recruiting Inc., Canada’s premier
physician placement firm. He was the CEO of Canabo Medical Corp.,
which obtained a public listing in 2017
(TSX.V:CMC ) and merged in 2018 with Aleafia
Health Inc. (TSX.V:ALEF) in a transaction
valued at $40 million and resulting in a combined operation with a
market cap over $200 million. In 2019 the TSX.V announced Aleafia
as one of the top 50 best run companies listed on the exchange for
2018.
About The Yield
Growth Corp.
The Yield Growth Corp.
develops, manufactures and distributes cannabis and hemp infused
luxury product brands Urban Juve and Wright & Well and has a
catalogue of over 200 wellness and beauty formulas. It intends to
disrupt the international wellness market, which is a $4.2 trillion
global economy, according to the Global Wellness Institute, by
connecting ancient healing with modern science and technology. Its
management team has deep experience with 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 seek sophisticated wellness products. Its
flagship consumer brand, Urban Juve, has proprietary,
patent-pending hemp root extraction technology and has 12 patents
pending. Yield Growth is building sophisticated international
distribution channels and has multiple revenue streams including
licensing, 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,
Wright & Well and UJ Beverages 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.
SOURCE: The Yield Growth
Corp.