NewLeaf Brands Inc. Signs Deal With Association Partners and New Implementation Program for Up to 10,000 Retail Locations Wi...
September 30 2019 - 8:30AM
NewLeaf Brands Inc. (CSE:NLB) (OTC: NLBIF) (FSE:0NF) (“NewLeaf
Brands” or the “Company”) a health and wellness CBD company,
today announced that it has entered into a Retail Implementation
Agreement dated August 30, 2019 (the “Agreement”) with New
Implementation Program, LLC (“NIP”). Pursuant to the terms of
the Agreement, NIP will provide to the Company distribution
services and sale of the Company’s CBD branded products to NIP’s
vast community of operators, partners, retailers and distributors
in the United States of America. NIP will present and contract its
retail locations for the purpose of selling up to three SKUs of the
Company’s product offerings at each NIP location. The Company
and NIP are currently selecting the best regions to roll out the
initial one thousand locations launching through the 2019 holiday
season and expanding up to ten thousand locations over the next
coming months.
NIP is an entity of the Association Partners
Organization (“AP”) and Asian American Trade Association Council
(“AATC”). The AP and AATC are national trade associations
representing a network of retailers, buying groups, regional
sub-chapters, primary and affiliate groups, distributors and other
trade organizations, with aggregate reach of up to 90,000+ retail
locations across the United States of America.
Joshua Bartch, CEO of NewLeaf, commented, “We
couldn’t be more ecstatic about striking this deal with the C-Store
powerhouse of AP who reaches groups like the AATAC. This
Agreement propels NewLeaf to join the ranks as a premier level
cannabis and hemp company and significantly expands NewLeaf’s
existing footprint in the marketplace. Looking at the select
roster of companies that AP has agreed to work with, we are truly
grateful and honored to be one of them. We have spent the past
twelve months perfecting and market testing our current product
offerings to make sure we were ready for rapid growth. Over
the past months, the company has seen rapid sales growth and this
furthers our expansion. We are working hard in preparation
and scale to ensure that we hit the ground running for this holiday
season roll out.”
“It is evident that CBD related products are
here to stay and will quickly eclipse energy and vapes as the most
successful new category in retail history,” said Paul Rock, AP’s
Chairman and AATAC Board of Directors Trustee. “Our approved
programs will fill voids in product format and consumer demand that
currently exist and will provide NewLeaf the opportunity to take
full advantage of the retail scope offered by our retailer groups
who are the front lines of the impending CBD product
explosion.”
In consideration for NIP’s services, the Company
has agreed to pay NIP’s program costs of $USD528,000, in two
phases: (i) $USD284,000 due upon signing of the Agreement and for
the first 500 NIP locations; and (ii) $USD244,000 due upon the 500
NIP location activation and completion of the Company’s review
period.
About Association Partners
Association Partners is composed of
representatives and affiliates from various trade organizations and
groups across the United States of America. AP has strategic
relationships and partnerships with retail location chains and
holds leadership roles within the largest trade associations for
independent convenience and gas stations in the United States of
America.
About Asian American Trade Associations
Council
The Asian American Trade Associations Council is
composed of delegates from various business retailer groups across
the United States of America with each group having as few as 100
or as many as 10,000 or more retail locations. The aggregate reach
of AATAC is 90,000+ retail locations in the corner store, general
retail outlet, convenience store, and gas station (C-Store)
industry. AATAC’s primary and affiliate members operate many
franchises of the most popular branded C-Store retailers such as
7-11, Circle K, Sunoco, Chevron, 76, BP, Arco, ampm, Kangaroo,
Shell, Marathon, and many others.
About NewLeaf Brands
NewLeaf Brands, Inc. is an innovative
Cannabidiol (“CBD”) lifestyle Company. Through the Company’s
wholly-owned subsidiaries We are Kured, LLC, Drink Fresh Water,
LLC, ReLyfe Brand, LLC and TeaLief Brand, LLC the Company’s main
business activities encompass the development, marketing, and
distribution of CBD products (including vaporizer pens/cartridges,
hot/cold tea, softgel capsules and beverages) throughout North
America, South America, and Europe. In addition, NewLeaf Brands,
Inc. has extensive retail and cultivation land investments in
Oregon, USA.
For further information about NewLeaf Brands,
please consult the Company’s profile on SEDAR at www.sedar.com or
visit the Company’s website at www.NABrandsInc.com. For further
information about We Are Kured, please visit their website at
www.wearekured.com.
On Behalf of the Board of Directors |
For Further Information Contact |
|
|
Joshua Bartch |
Corporate Communications |
Chief Executive Officer |
info@nabrandsinc.com |
info@nabrandsinc.com |
250-488-6728 |
|
|
We Are Kured Contact: |
|
|
|
Benjamin Martch |
|
Founder & CEO |
|
www.wearekured.com |
The Canadian Securities Exchange has
neither approved nor disapproved the contents of this news
release and accepts no responsibility for the adequacy or
accuracy hereof.
This news release contains forward-looking
statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such
forward-looking statements reflect management’s current beliefs and
are based on assumptions made by and information currently
available to the Company. Readers are cautioned that these forward
looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to
differ materially from those expected including, but not limited to
completion of planned improvements at both the Canadian and US
sites on schedule and on budget, the availability of financing
needed to complete the Company’s planned improvements on
commercially reasonable terms, planned occupancy by the
tenant-growers, commencement of operations, differences in yield on
expected harvests, delays in obtaining statutory approval for
marijuana production plans, issues that may arise throughout the
grow period, outdoor crops affected by weather, the ability to
mitigate the risk of loss through appropriate insurance policies,
and the risks presented by federal statutes that may contradict
local and state legislation respecting legalized marijuana. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under
applicable securities legislation. This news release does not
constitute an offer to sell securities and the Company is not
soliciting an offer to buy securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
This news release does not constitute an offer
of securities for sale in the United States. These securities have
not and will not be registered under United States Securities Act
of 1933, as amended, or any state securities laws and may not be
offered or sold in the United States or to a U.S. Person unless so
registered, or an exemption from registration is relied upon.
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