Tauriga Sciences, Inc. Increases its Product Offerings Through Expansion of Joint Venture Partnership with OG Laboratories, LLC
May 18 2020 - 10:56AM
InvestorsHub NewsWire
Company’s Product Offerings Now Include 3
Additional Innovative Plant Based Gummies: CBD + Multi Vitamins,
CBD + Fiber, and CBD + Biotin
NEW YORK, NY -- May 18, 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 expanded its existing Joint Venture Partnership with
Florida based OG Laboratories, LLC (“OG Labs”) – pursuant to the
same terms and conditions of the original January 21, 2020
Agreement (the “Original Agreement”). This expansion,
documented via an Amendment to the Original Agreement (dated May
17, 2020), has enabled Tauriga to increase its product offerings –
with 3 additional innovative plant-based products. These
products are: CBD Infused Gummies + Multi Vitamins (“Multi
Vitamins”), CBD Infused Gummies + Fiber (“Fiber”), and CBD Infused
Gummies + Biotin (“Biotin”).
The Company expects that these additional 3 products will be
available on its E-Commerce website (www.taurigum.com) as well as its
Alibaba Platform, within days. Initially, the Company will carry an
inventory of 150 bottles of Multi Vitamins, 150 bottles of Fiber,
and 300 bottles of Biotin. Each bottle will be sold at the
established MSRP of $35.99 USD. Since January 2020, the
Company has been selling bottles of CBD Infused Gummies + Omega 3
(“Omega 3”) and CBD + Collagen (“Collagen”) at that identical
MSRP.
Each of these products offerings (Collagen, Omega 3, Multi
Vitamins, Fiber, and Biotin), pursuant to the Joint Venture
Partnership with OG Labs, are: Plant Based, Vegan, Kosher
Certified, Halal Certified, Gelatin-Free, Gluten-Free, NON-GMO, No
Artificial Colors or Preservatives, and Made in the USA.
ABOUT TAURIGA SCIENCES, INC.
Tauriga Sciences, Inc. (TAUG)
is a revenue generating, diversified life sciences company, engaged
in several major business activities and initiatives. The
company manufactures and distributes several proprietary retail
products and product lines, mainly focused on the Cannabidiol
(“CBD”) and Cannabigerol (“CBG”) Edibles market segment. The
main product line, branded as Tauri-Gum™, consists of a proprietary
supplement chewing gum that is both Kosher certified and Vegan
formulated (CBD Infused Tauri-Gum™ Flavors: Mint, Blood Orange,
Pomegranate) & (CBG Infused Tauri-Gum™ Flavor:
Peach-Lemon). The Company’s commercialization strategy
consists of a broad array of retail customers, distributors, and a
fast-growing E-Commerce business segment (E-Commerce
website: www.taurigum.com). Please visit our
corporate website, for additional information, as well as
inquiries, at www.tauriga.com.
Complementary to the Company’s retail business, are its two
ongoing biotechnology initiatives. The first one relates to
the development of a Pharmaceutical grade version of Tauri-Gum™,
for nausea regulation (specifically designed to help patients that
are subjected to ongoing chemotherapy treatment). On March 18,
2020, the Company announced that it filed a provisional U.S. patent
application covering its pharmaceutical grade version of
Tauri-Gum™. The Patent, filed with the U.S.P.T.O. is Titled
“MEDICATED CBD COMPOSITIONS, METHODS OF MANUFACTURING, AND METHODS
OF TREATMENT”. The second one relates to a collaboration
agreement with Aegea Biotechnologies Inc. for the co-development of
a rapid, multiplexed, Novel Coronavirus (COVID-19) test with
superior sensitivity and selectivity.
The Company is headquartered in New York City and operates a
regional office in Barcelona, Spain. In addition, the Company
operates a full time E-Commerce fulfillment center located in
LaGrangeville, New York.
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 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
Instagram: @taurigum
Twitter: @SethMShaw
Corp. Website: www.tauriga.com
E-Commerce Website: www.taurigum.com
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