Vancouver, British
Columbia-- October 17, 2019 -- InvestorsHub NewsWire
-- The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) is
pleased to announce that it has signed a non-binding letter of
intent to enter into a co-packing agreement with Apothecary
Botanicals, a Canadian licensed cannabis producer and subsidiary of
Geyser Brands Inc. (TSXV: GYSR), for the production and launch of Yield
Growth's Canadian Cannabis brand Jack n Jane, a line of
cannabis-infused products including tinctures, topicals and
capsules.
Jack n Jane is Yield Growth's
New Line of Cannabis-Infused TopicalsThis announcement coincides
with Health Canada's official legalization of the production and
sale of cannabis extracts and cannabis topicals effective today,
marking the one-year anniversary of the legalization of
recreational marijuana in Canada.
Yield Growth will engage
Apothecary Botanicals to manufacture and distribute its Jack n Jane
products in British Columbia, combining Yield Growth's proprietary
formulations with Apothecary Botanicals' cannabis supply, services,
facilities, equipment and required Health Canada licenses for
processing and sales. Yield Growth will supply all non-cannabis
ingredients, packaging, and design while Apothecary Botanicals will
supply cannabis containing THC and/or CBD as required for the
various product formulations. The first phase of production is
expected to include three tinctures containing THC and CBD, with a
goal of coming to market by December 31, 2019.
Yield Growth intends to
incorporate many of the products in its catalogue into the Jack n
Jane line, including its own proprietary hemp root oil as a key
ingredient and many other high-quality botanicals. The product line
currently includes CBD and THC tinctures, muscle and joint gel,
massage oils, muscle balm, and foot cream, with several new
products in development including transdermal patches and bath
soaks.
"Ancient Ayurveda
apothecaries worked diligently over millennia to unlock the vast
potential of this medicinal plant," says Penny White, CEO of Yield
Growth. "We are looking forward to bringing the highest quality
skin care and personal care products to Canada with an LP in our
beautiful home city of Vancouver."
David Eto, CEO of
Apothecary Botanicals, commented, "We are pleased to offer our
services to Yield Growth. Our co-packing and manufacturing
capabilities combined with our Health Canada approved Licensed
Production Facility will support Yield Growth's goal of entering
the Canadian market."
According to a report by
Deloitte, "edibles, topicals and infused beverages are poised to be
the hot new cannabis products." Deloitte estimates that the
Canadian market for edibles and alternative cannabis products to be
worth C$2.7 billion annually. The report states that 53% of
surveyed likely Canadian cannabis consumers are eager to try
topicals.
About Geyser Brands
Inc.
Geyser Brands Inc. (TSXV: GYSR) is a consumer health and wellness company
operating within the Canadian cannabis industry. Geyser’s
proprietary delivery technologies include all natural
nano-technology, slow-release mechanisms, and non-molecule
degrading baking processes. The company provides expertise from
conceptual innovation to manufacturing and end-use distribution.
Geyser owns a suite of several brands within the consumer-packaged
goods market that are offered nationwide at many recognized
retailers. Geyser Brands owns a Health Canada approved Licensed
Production Facility and operates 15,000 sqft of manufacturing space
in two GMP facilities near Vancouver, BC. For more information,
visit www.geyserbrands.com.
About The Yield Growth Corp.
The Yield Growth Corp. is building and operating hemp, cannabis and
edible mushroom assets and owns wellness brands Urban Juve, Wright
& Well, Jack n Jane and Flourish Mushrooms. It has a catalogue
of over 200 proprietary beauty, wellness, edibles and beverage
formulas at various stages of commercialization. It has filed 12
patents to protect its extraction method and formulas. Urban Juve
hemp powered skin care products have been featured in British
Vogue, Vanity Fair UK and Elle Canada and Urban Juve has an
alliance with leading online beauty community, ipsy. Wright &
Well is launching a THC/CBD line of topical products in Oregon and
a CBD from hemp topicals line in California this fall. Yield Growth
plans to launch a line of edible mushroom wellness products in
2020. Yield Growth is building international distribution channels
and has multiple revenue streams including services, licensing and
product sales.
For more information about Yield Growth, visit www.yieldgrowth.com or follow @yieldgrowth on
Instagram. Visit www.urbanjuve.com and
#findyourjuve across social platforms to learn, engage and
shop.
Investor Relations
Contacts:
Penny White, President
& CEO
Kristina Pillon, Investor Relations
invest@yieldgrowth.com
1-833-514-BOSS 1-833-514-2677
1-833-515-BOSS 1-833-515-2677
The Canadian Securities
Exchange has not reviewed, approved or disapproved the content of
this news release.
Cautionary
Statement Regarding Forward-Looking
Statements
This press release
includes forward-looking information and statements (collectively,
"forward looking statements") under applicable Canadian securities
legislation. Forward-looking statements are necessarily based upon
a number of estimates, forecasts, beliefs and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such risks,
uncertainties and factors include, but are not limited to: risks
related to the development, testing, licensing, intellectual
property protection, and sale of, and demand for, Urban Juve,
Wright & Well, UJ Beverages, Jack n Jane and Flourish Mushroom
products, general business, economic, competitive, political and
social uncertainties, delay or failure to receive board or
regulatory approvals where applicable, and the state of the capital
markets. Yield Growth cautions readers not to place undue reliance
on forward-looking statements provided by Yield Growth, as such
forward-looking statements are not a guarantee of future results or
performance and actual results may differ materially. The
forward-looking statements contained in this press release are made
as of the date of this press release, and Yield Growth expressly
disclaims any obligation to update or alter statements containing
any forward-looking information, or the factors or assumptions
underlying them, whether as a result of new information, future
events or otherwise, except as required by
law.