Pursuant to the agreement,
Antler Retail has agreed to pay $1 million for a perpetual licence
in the U.S. to a catalogue of white label formulas consisting of 10
personal care products designed for THC infusion, 1 set of capsules
formulated with ingredients to help prevent hangovers, 6 CBD skin
care formulations, 8 formulations for a CBD men's line, 3 unisex
CBD personal care products, 8 teas and 20 edibles for CBD and THC
infusion, including hard candies and gummies, for a total of 56
formulas.
Antler Retail has agreed to
issue 5,000,000 shares of common stock of its parent company,
"Antler", a private corporation, to Urban Juve as payment for $1
million in licensing fees at a deemed value of $0.20 per share.
Urban Juve has a right of first refusal to act as distributor, to
supply CBD and to act as the manufacturer on all CBD products
developed by Antler Retail using the licensed
formulas.
Antler is a related party
to Yield Growth, as Krystal Pineo and Penny Green are both
directors and significant shareholders of Yield Growth and Antler,
and together control 30% of the outstanding shares of Antler, prior
to the closing of this transaction. The $0.20 deemed fair market
value of the Antler shares was assessed by Urban Juve management
based on the price of Antler's most recent private placement,
whereby Antler raised approximately $1,500,000 at $0.20 per unit
from non related parties, each unit consisting of one share and one
share purchase warrant. Urban Juve has agreed to enter into an
escrow agreement pursuant to which the 5,000,000 Antler shares will
be released from escrow over a three year period commencing on
completion of an initial public offering ("IPO") by Antler. Antler
has signed an engagement letter with a Canadian broker-dealer to
complete an IPO on a best efforts basis. However, there is no
obligation and no guarantee that Antler will complete an
IPO.
About Antler Retail
Holdings Inc.
Antler Retail has a lease
on a California property with a retail space designed to be a
cannabis retail dispensary and a tenant who is in the process of
applying for a California cannabis retail license with statewide
delivery rights. Antler Retail is also developing a men's CBD
personal care line for national distribution in the United States
and a line of THC and CBD products for sale by licensed Cannabis
retailers.
About The Yield
Growth Corp.
The Yield Growth Corp. is
disrupting the $4.2 trillion-dollar global wellness market by
harnessing the power of hemp- and cannabis-infused products. The
Yield Growth management team has deep experience with global brands
including Johnson & Johnson, Procter & Gamble, M·A·C
Cosmetics, Skechers, Best Buy, Aritzia, Coca-Cola and Pepsi
Corporation. Its consumer brand, Urban Juve, has signed over 110
retail locations to sell its products in North America and is now
launching e-commerce sales in China through Wechat. Urban Juve has
signed a sales and marketing alliance with the world's largest
online beauty community, ipsy and Urban Juve products will be
included in ipsy Glam Bags. Yield's THC line of Wright & Well
products are launching next month in Oregon through an established
distributor with a 400 cannabis retail store
network.
Through its subsidiaries,
Yield Growth is commercializing over 200 cannabis beauty, wellness,
and beverage products. A key ingredient in many of these products
is Urvan Juve's Cannabis Sativa root extract, created using Urban
Juve's proprietary, patent-pending extraction technology. Yield
Growth also has white label formulas available for license and
generates revenue through multiple streams including licensing,
services 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 Green, 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, UJ
Topicals, UJ Beverages and UJ Edibles 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.
