Stock Up Express
(www.stockupexpress.com) Receives
More Than 1,000,000 Annual Online Visitors, Consisting of a Diverse
Group of Customers
NEW YORK, NY -- January 25, 2021 -- InvestorsHub NewsWire --
Tauriga Sciences, Inc. (OTCQB: TAUG)
(“Tauriga” or the “Company”), a revenue generating, diversified
life sciences company, with a proprietary line of CBD & CBG
infused Supplement chewing gums (Flavors: Pomegranate, Blood
Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as
an ongoing Pharmaceutical Development initiative, today announced
that it has entered into a distribution agreement (the “Agreement”)
with Stock Up Express, a division of a leading total services
distributor that generates more than $3 Billion in annual
sales. Stock Up Express is based in Connecticut and is a
leading web-based grocer and wholesaler with over 1,000,000 online
visitors annually. The Agreement will be effective February
1, 2021, and shall remain in effect for a period of two (2) years
thereafter, with automatic renewal for additional successive one
(1) year terms.
Under terms of the Agreement, Stock Up Express will market and
resell the Company’s flagship brand, Tauri-Gum™, to its large and
diverse customer base of wholesalers and retail customers.
The revenue sharing ratio established between Tauriga and Stock Up
Express has the potential to create significant opportunity for
both parties to this Agreement (solid gross margins).
Tauri-Gum™ represents the first CBD edibles product/product line to
be selected as part of the Stock Up Express network.
The two Companies will jointly market Tauri-Gum™ to Stock Up
Express’ customer base, with input by Tauriga on the content of
such marketing information to attain consistency on message and to
maximize sales. The Agreement allows for modification of
product offerings, and Tauriga expects to offer additional items
over the course of calendar year 2021.
Tauriga’s CEO, Seth M. Shaw, expressed, “This agreement is an
important achievement for Tauriga. Due to the quality of our
flagship Tauri-Gum™ product line, the strong team that we have
built, and the improving macro-outlook for our industry, this
Agreement became possible. Stock Up Express is an outstanding
distribution partner and the Company now has access to a large,
previously untapped, market segment, at margins that the Company
believes is conducive to long term success. Our long-term goal is
for Tauri-Gum™ to become a successful, widely distributed, consumer
friendly CBD edibles brand. We have now taken an important
step in that direction.”
Stock Up Express’ Vice President of E-Commerce, Steven Methvin,
commented, “After much consideration and the evaluation of numerous
CBD products, our Company has made the decision to enter the CBD
edibles space through Tauriga Sciences Inc. and its high-quality
products. Stock Up Express will provide an opportunity to
present the Tauri-Gum™ brand (and possibly other product offerings
to follow) to a large and engaged base of wholesalers and retail
customers. Our respective teams work well together and we are
all committed to working hard and strategically to build a
successful distribution partnership and business model.”
Tauriga Sciences, Inc. was represented by the law firm of Rimon
P.C. in the preparation of the Agreement.
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” 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, is its ongoing
Pharmaceutical Development initiative. This relates to the
development of a proposed Pharmaceutical grade version of
Tauri-Gum™, for nausea regulation (specifically designed for the
following indication: Patients Subjected to Ongoing Chemotherapy
Treatment). On March 18, 2020, the Company announced that it had
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.” On December 18, 2020
the Company disclosed that it had entered into a Master Services
Agreement with CSTI to lead the Company's clinical development
efforts.
On October 6, 2020, the Company announced that it has been
approved to operate as a U.S. Government Vendor (CAGE CODE #
8QXV4)
The Company is headquartered in Wappingers Falls, New
York. In addition, the Company operates a full time
E-Commerce fulfillment center located in LaGrangeville, New
York.
ABOUT STOCK UP EXPRESS ONLINE
Convenient Warehouse Shopping:
We know you need to buy lots of goods with no time to waste.
That’s why we created our virtual warehouse. At StockUpExpress, we
sell case-size quantities of grocery, personal care, and household
items from hundreds of national and regional brands. Since we are
all about convenience, items in our cases are the normal
shelf-size, not the jumbo club-size packaging offered at the big
box stores. Unlike other e-commerce sites, StockUpExpress has
the capability to ship mass amounts of product quickly and
efficiently. We cover the heavy lifting and logistics, letting your
business or event run smoothly all with just the click of a
button. Development for Stock Up Express began in 2014. Our
parent company, iMarket Technologies, LLC, was also launched in
2014 and is led by a team of executives with deep experience in
warehouse operations, consumer packaged goods merchandising,
logistics, and online retailing. Please visit our Website
at: https://www.stockupexpress.com
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
Company Instagram: @taurigum
Personal Instagram: @sethsms47
Twitter: @SethMShaw
Corp. Website: www.tauriga.com
E-Commerce Website: www.taurigum.com
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