YIELD GROWTH Announces 2nd Manufacturing
Run of Product & U.S. Expansion
VANCOUVER, British Columbia, Jan. 15, 2019 -- InvestorsHub
NewsWire -- The Yield Growth Corp. (CSE:BOSS) (BOSQF)is pleased to
announce a second manufacturing run of 5,000 units of its Urban
Juve Lip Balm in response to the product’s warm reception from
customers and retailers.
Yield Growth is at the beginning of
its road map to become the world’s largest cannabis topicals
company. Its subsidiary, Urban Juve, is commercializing its
catalogue of over 50 products and building international
distribution channels.
Developed and manufactured in
Vancouver, Urban Juve Lip Balm is currently available for sale in
Canada through urbanjuve.com and through retail outlets in Canada.
It retails for $10 - $15. Canadian retailers can purchase
Urban Juve lip balms in 20-unit display boxes.
Given the recent adoption of the US
2018 Farm Bill, Urban Juve is currently designing packaging for the
United States market and will soon be selling hemp-based products
to retailers in the US. Urban Juve is targeting key retailers
in North America including stores specializing in skin care and
makeup such as Sephora and Ulta Beauty, specialty grocers such as
Whole Foods, wellness chains such as Planet Organic and Sobeys, and
pharmacies with a focus on personal care products and cosmetics
such as Shoppers Drug Mart and London Drugs.
The North America beauty and personal
care products market was valued at US$93.81 billion in 2017 and is
likely to reach US$110.28 billion by 2026, according to
inkwoodresearch.com.
Grounded in ancient Ayurvedic
principles, Urban Juve’s proprietary lip balm formulation is
crafted with natural ingredients including hemp oils. The lip
balm - like all Urban Juve products -- is made without
parabens, mineral oil, sulphates, artificial fragrances, dyes,
formaldehyde forming agents and phthalates, and is never
tested on animals.
Containing a nourishing combination
of hemp root oil and hemp seed oil, Urban Juve lip balm helps
repair and moisturize dry, chapped lips. Hemp root oil has been
used in Ayurvedic formulations for thousands of years, but Urban
Juve is the first company in Canada to use the ingredient in
cosmetic formulations. Both antioxidizing and anti-inflammatory,
hemp root oil promotes healing and helps increase the absorption of
other active ingredients.
Urban Juve Lip Balm also contains
beeswax, coconut oil and castor oil, which create a barrier that
seals in moisture and protects against the elements. Cooling
peppermint essential oil provides instant relief.
The lip balm, the first product to be
launched by Urban Juve, was launched less than two months ago.
Profit margins for concentrates and
infused products in the cannabis sector are estimated at around 32%
- significantly higher than those typically realized by alcohol,
soft drinks, and cigarettes, according to the 2016 Marijuana
Business Factbook.
About The Yield Growth
Corp.
The Yield Growth Corp. is a diverse
team of business executives dedicated to rapid, sustainable
financial growth of cannabis assets. Its directors and officers
have experience working at multi-billion dollar international
companies including M.A.C Cosmetics, Aritzia, Skechers, Best Buy,
Future Shop, Pepsi and Coca-Cola.
Urban Juve Provisions Inc., which has
a catalogue of more than 50 wellness formulas, is wholly owned by
Yield Growth. Urban Juve organically synthesizes ancient
knowledge and modern techniques to create exceptional beauty and
wellness solutions. Ayurvedic knowledge delineates three general
categories or skin types. Urban Juve has translated these
as Vitalize, Balance and Align,
each with its own dedicated range of skin and body care
formulations. Urban Juve has registered with Health Canada 26
products containing cannabis sativa hemp oil. The company has
also filed 11 provisional patent applications in the United States.
Urban Juve’s skin care products are sold in Canada, with
distribution agreements signed for markets in the United States and
Italy. Urban Juve has licensed its formulas to Yield Growth wholly
owned subsidiary UJ Topicals Inc., which is launching its cannabis
topicals line in Oregon, U.S.A.
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.
Kristina Pillon, Investor Relations
invest@yieldgrowth.com
1-833-514-BOSS 1-833-514-2677
1-833-515-BOSS 1-833-515-2677
Penny Green, Director, President & CEO
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 and UJ
Topicals 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 un
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