Roadman Investments Investee Champignon Brands Announces Major European Distribution Agreement
06 November 2019 - 12:00AM
Roadman Investments Corp. (TSXV: LITT) (FWB: 1QD) (OTC: RMANF)
(“
Roadman Investments” or the
“
Company”) is pleased to announce a major
distribution partnership between investee Champignon Brands Inc.
and Eurolife Brands Inc. (CSE: EURO). Under the terms of the
agreement, Eurolife Brands Inc. has been granted exclusive
preferred distributor status for the jurisdictions of Germany,
Switzerland and the United Kingdom in addition to non-exclusive
distribution rights in various other locales globally. Eurolife
Brands will integrate Champignon Brands products into its
e-commerce platform along with potential distribution in select
brick-and-mortar retail locations. Eurolife anticipates placing an
initial product purchase order in Q4 of 2019 in order to stock
inventory to fulfill initial consumer demand.
"The addition of Champignon products to our
suite of health and wellness-oriented CPG offerings is a natural
fit," stated Shawn Moniz, chief executive Officer and director of
Eurolife. "Informed, educated and health-conscious European
consumers demand products that are not only high quality but are on
the cutting edge of their respective industry segments and we
believe that Champignon fits this criteria.”
The global functional mushrooms market is
expected to gain momentum from growing awareness regarding the
health benefits of mushrooms and is projected to grow to $34.3
billion by 2024, with Europe experiencing the fastest growth
world-wide. *
The Champignon team has been focused on
obtaining additional distributor partnerships and has signed up
distribution partners in British Columbia, Alberta and Ontario. The
company aims to enhance the health and wellness of millions of
consumers through organic growing practices, commercial
cultivation, research and development, and the distribution of a
premium, mushroom-infused suite of products. Champignon is
currently working toward a Q4 2019 initial public offering in
Canada and is launching several new marketing campaigns to increase
online sales of their products.
CEO and Director Luke Montaine commented: “We
are thrilled with the progress Champignon is making and this new
partnership and foray into the European marketing is a very
positive development.”
About Eurolife Brands Inc.
Eurolife Brands is a leading global markets
cannabis brand empowering the medical, recreational and CPG
cannabis industry worldwide through a data-driven CBD marketplace
supported by exclusive and unbiased physician-backed cannabis
education and detailed consumer analytics.
About Roadman Investments
Roadman Investments is mandated with realizing alpha returns for
its shareholders via the tactical deployment of capital across the
resource, agricultural, financial services, technology and health
and wellness verticals.
For further information, please contact:
Media Contact:Nikolai Vassev nik@iacinvest.com+1 (778)
772-1751
Learn more about Roadman by visiting our
website at: https://roadmancorp.com/
*
https://www.mordorintelligence.com/industry-reports/functional-mushroom-market
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements –
This news release contains certain forward-looking statements,
including statements regarding the business of the Company. These
statements are subject to a number of risks and uncertainties.
Actual results may differ materially from results contemplated by
the forward-looking statements. When relying on forward-looking
statements to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and should
not place undue reliance on such forward-looking statements. The
Company does not undertake to update any forward looking
statements, oral or written, made by itself or on its behalf except
as required by law.
Right Season Investments (TSXV:LITT)
Historical Stock Chart
From Dec 2024 to Jan 2025
Right Season Investments (TSXV:LITT)
Historical Stock Chart
From Jan 2024 to Jan 2025