Tauriga Sciences Inc. Increases its Product Liability Insurance Coverage to $10,000,000
January 08 2021 - 9:17AM
InvestorsHub NewsWire
NEW YORK, NY -- January 8, 2021 -- InvestorsHub
NewsWire -- Tauriga Sciences, Inc. (OTCQB: TAUG)
(“Tauriga” or the “Company”), a revenue generating, diversified
life sciences company, with a proprietary line of functional
“supplement” chewing gums (Flavors: Pomegranate, Blood Orange,
Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as two
ongoing Biotechnologies initiatives, today announced that it has
increased its product liability insurance “Aggregate” coverage to
$10,000,000 (previously it had been $8,000,000). This
increase was completed due to substantial levels of interest (from
potential retailers and major distributors), in carrying the
Tauri-Gum™ product line. The Company has been evaluating
a number of opportunities and is specifically cognizant of margins
and quality of revenue – when it comes to choosing the right
distribution partner(s) or retailer(s) to enter into relationships
with. The Company also recently disclosed, the
development of a 7th SKU of its flagship brand
Tauri-Gum™.
In other news, the Company continues to experience
overall strength in its highest margin E-Commerce business
segment. On Thursday January 7, 2021 the Company
established a new daily record (“24-hour period”) for the # of
individual online orders with 111 (the previous record had been
103, set on November 25,
2020).
Lastly, effective January 6, 2021, the Company has
officially moved to a new corporate
headquarters:
Please see
Below:
Tauriga Sciences
Inc.
4
Nancy Court, Suite 4
Wappingers Falls, NY
12590
This change in corporate headquarters was enacted
for safety and efficiency purposes, in response to the continued
surge of the
Pandemic.
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 Kosher certified, Halal certified, and Vegan Formulated (CBD
Infused Tauri-Gum™ Flavors: Mint, Blood Orange, Pomegranate), (CBG
Infused Tauri-Gum™ Flavors: Peach-Lemon, Black Currant) &
(Vitamin C + Zinc “Immune Booster” Tauri-Gum™ Flavor: Pear
Bellini). 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 http://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.
On October 6, 2020, the Company announced that it
has been approved to operate as a U.S. Government Vendor (CAGE CODE
# 8QXV4)
On October 7, 2020 the Company disclosed a
Strategic Alliance with Think BIG, LLC, Social Impact Startup
Founded by CJ Wallace, Son of Christopher “The Notorious B.I.G.”
Wallace.
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:
Tauriga Sciences,
Inc.
4
Nancy Court, Suite 4
Wappingers Falls, NY
12590
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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