Tauriga Sciences Inc. Receives Initial Tauri-Gum Purchase Order from California Based Specialty Grocer -- Erewhon Market
February 28 2020 - 8:45AM
InvestorsHub NewsWire
Launch with Erewhon Market is
Anticipated for April 2020 and Establishes Tauri-Gum™ as a
Significant Brand in the Los Angeles Marketplace
Los Angeles, CA -- February 28, 2020 -- InvestorsHub NewsWire --
Tauriga Sciences, Inc. (OTCQB: TAUG)
(“Tauriga” or the “Company”), a revenue generating Company that
operates through the development, distribution, and licensing of
proprietary products as well as the evaluation of potential
acquisition opportunities and equity investments, today announced
that it has received an initial purchase order (“order”) from
Southern California based specialty grocer – Erewhon Market
(“Erewhon”). This substantial initial order was placed for
all 3 flavors of the Company’s flagship product: Tauri-Gum™.
The Company expects that its launch with Erewhon will take place
during April 2020 and that Tauri-Gum™ will be available at each of
the 5 distinct Erewhon locations (Calabasas, Santa Monica, Pacific
Palisades, Los Angeles, and Venice). The Company will
allocate the requisite level of marketing resources to this
relationship, to help build brand awareness and customer loyalty
throughout the Erewhon network.
Link to Erewhon Market Website: www.erewhonmarket.com
Vito Antoci, Vice President of Brand Development – Erewhon
Market, expressed, “We are excited to carry Tauri-Gum™ as our first
hemp chewing gum and look forward to a successful long-term
relationship with Tauriga Sciences Inc.”
Tauriga’s CEO Seth M. Shaw commented, “The Company has worked
with great determination over the past 2+ years, to build an
outstanding product of the highest quality. Erewhon Market is
an extremely successful specialty grocer in the Los Angeles area
and an important partner in enhancing the value and profile of the
Tauri-Gum™ brand. Through this valuable relationship, the
Company will have the opportunity to build a long-term potential
base of recurring revenue while simultaneously – establishing
Tauri-Gum™ as a significant brand in the Southern California
marketplace.”
ABOUT TAURIGA SCIENCES INC.
Tauriga Sciences, Inc. (TAUG)
is a revenue generating Company that operates through the
development, distribution, and licensing of proprietary products as
well as the evaluation of potential acquisition opportunities. One
such opportunity on which the Company has acted, involves the
Company having entered into the cannabidiol (or “CBD”) infused
chewing gum product business, as more fully described above and in
prior press releases. This CBD infused chewing gum product
has been branded under the following name:
Tauri-Gum™. The Company is currently in production of
three distinct flavors of Tauri-Gum™: MINT, BLOOD ORANGE, and
POMEGRANATE. On December 6, 2019 the Company announced that
it completed the initial production run (thereby expanding its
existing product lines) with the introduction of a 25mg Vegan CBD
Isolate Infused vegan gummy (“gum drop”), branded under the name:
Tauri-Gummies™. Further, the Company continues to identify
and evaluate additional potential opportunities to generate
revenue, as well as shareholder value, and leverage its resources
and expertise to build a diversified and sustainable business
model. Please visit our corporate website at www.tauriga.com.
The Company has also announced the development of a Cannabigerol
(“CBG”) Isolate infused version of Tauri-Gum™. The flavor
that has been selected is Starfruit/Peach and each piece of gum
will contain 10mg of CBG Isolate / Each blister pack will contain
80mg of CBG Isolate. The Company expects to commence
production during its 4th Fiscal Quarter of 2020
(January 1, 2020 – March 31, 2020).
In addition, on March 11, 2019, the Company announced the
official launch of its E-Commerce site - as part of its Tauri-Gum™
commercialization strategy. This site can be accessed by
visiting the following URL address: www.taurigum.com
The Company has established corporate offices in both New York
City (USA) and Barcelona (Spain).
DISCLAIMER -- Forward-Looking Statements
This press release contains certain “forward-looking statements”
as defined by the Private Securities Litigation Reform Act of 1995
which represent management’s beliefs and assumptions concerning
future events. These forward-looking statements are often indicated
by using words such as “may,” “will,” “expects,” “anticipates,”
believes, “hopes,” “believes,” or plans, and may include statements
regarding corporate objectives as well as the attainment of certain
corporate goals and milestones. Forward-looking statements are
based on present circumstances and on management’s present beliefs
with respect to events that have not occurred, that may not occur,
or that may occur with different consequences or timing than those
now assumed or anticipated. Actual results may differ materially
from those expressed in forward looking statements due to
known and unknown risks and uncertainties, such as are not
guarantees of general economic and business conditions, the ability
to successfully develop and market products, consumer and business
consumption habits, the ability to consummate successful
acquisition and licensing transactions, fluctuations in exchange
rates, and other factors over which Tauriga has little or no
control. Many of these risks and uncertainties are discussed in
greater detail in the “Risk Factors” section of Tauriga’s Form 10-K
and other filings made from time to time with the Securities and
Exchange Commission. Such forward-looking statements are made only
as of the date of this release, and Tauriga assumes no obligation
to update forward-looking statements to reflect subsequent events
or circumstances. You should not place undue reliance on these
forward-looking statements.
Contact:
CONTACT INFORMATION
Tauriga Sciences, Inc.
555 Madison Avenue, 5th Floor
New York, NY 10022
Chief Executive Officer
Mr. Seth M. Shaw
Email: sshaw@tauriga.com
cell # (917) 796 9926
Corp. Website: www.tauriga.com
E-Commerce Website: www.taurigum.com
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