New Age Brands Announces Agreement Between Drink Fresh Water and Cannabition
16 November 2018 - 11:00AM
New Age Brands Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF)
(“New Age Brands” or the “Company”) is pleased to announce that its
wholly owned subsidiary, Drink Fresh Water, LLC (“Drink Fresh
Water”), has entered into an agreement with the world’s first
cannabis museum “Cannabition” which is located on the Las Vegas
Strip in Las Vegas, Nevada. Cannabition is the world’s only
immersive Cannabis museum where tourists can learn about the
history of cannabis, while enjoying some of their attractions,
including the world’s largest bong. Visitors are not allowed to
consume Cannabis while on-site, however they can purchase various
amount of CBD products, including Fresh Water, our Hemp derived CBD
nano amplified alkaline water.
“With the legalization of Cannabis in Nevada,
USA, tourists from around the world are coming to see this museum”,
said Josh Bartch, CEO of the Company. “We are thrilled that
Drink Fresh Water has the exclusive right to sell our Fresh Water
in the museum, which will help to increase the growth and brand
awareness of Drink Fresh Water.”
About New Age Brands
New Age Brands is an agricultural services
company offering unique turnkey growing infrastructure and services
for licensed growers and processors of luxury marijuana crops at
its agri-campuses in Washington State. In November 2012, the
Washington State Liquor and Cannabis Board (“WSLCB”) passed
Initiative 502 (“I-502”). I-502 authorized the WSLCB to regulate
and tax recreational marijuana products for persons over twenty-one
years of age and thereby created a new industry for the growing,
processing and selling of Washington State-regulated recreational
marijuana products. New Age Brands provides innovative solutions
for growers and processors in this burgeoning industry.
About We Are Kured, LLC
Kured is a wholly owned subsidiary of New Age
Brands, acquired in December 2017. Kured is building
an innovative online CBD and lifestyle company. Kured has
partnered with best in class hemp cultivators, edible
manufacturers, cutting edge product formulators to develop, market
and distribute multiple lines of CBD products including, but not
limited to, CBD vaporizer pens, topicals, gel capsules and more.
All of Kured’s products are 100% THC free and will be available for
purchase internationally. THC, or tetrahydrocannabinol, is the
primary active ingredient in cannabis.
For further information about New Age Brands,
please consult the Company’s profile on SEDAR at www.sedar.com or
visit the Company’s website at www.NABrandsInc.com. For further
information about We Are Kured, please visit their website at
www.wearekured.com.
On Behalf of
the Board of Directors |
For Further
Information Contact |
|
|
Joshua Bartch |
Corporate
Communications |
Chief Executive
Officer |
corpcom@newagefarminc.com |
info@newagefarminc.com |
888-871-3936 |
|
|
We Are Kured
Contact: |
|
|
|
Ben Martch |
|
Founder & CEO |
|
www.wearekured.com |
|
The Canadian Securities Exchange has
neither approved nor disapproved the contents of this
news release and accepts no responsibility
for the adequacy or accuracy hereof.
This news release contains forward-looking
statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such
forward-looking statements reflect management’s current beliefs and
are based on assumptions made by and information currently
available to the Company. Readers are cautioned that these forward
looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to
differ materially from those expected including, but not limited to
completion of planned improvements at both the Canadian and US
sites on schedule and on budget, the availability of financing
needed to complete the Company’s planned improvements on
commercially reasonable terms, planned occupancy by the
tenant-growers, commencement of operations, differences in yield on
expected harvests, delays in obtaining statutory approval for
marijuana production plans, issues that may arise throughout the
grow period, outdoor crops affected by weather, the ability to
mitigate the risk of loss through appropriate insurance policies,
and the risks presented by federal statutes that may contradict
local and state legislation respecting legalized marijuana. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under
applicable securities legislation. This news release does not
constitute an offer to sell securities and the Company is not
soliciting an offer to buy securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
This news release does not constitute an offer
of securities for sale in the United States. These securities have
not and will not be registered under United States Securities Act
of 1933, as amended, or any state securities laws and may not be
offered or sold in the United States or to a U.S. Person unless so
registered, or an exemption from registration is relied upon.
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