YIELD GROWTH Signs Definitive Agreement to License 8 Products for
Men's Hemp Line to Antler Retail
Vancouver, British Columbia, Canada -- August 1, 2019 --
InvestorsHub NewsWire -- The Yield Growth Corp.
(CSE:
BOSS) (OTCQB:
BOSQF) (FSE: YG3) is pleased to announce that it
has entered into a definitive agreement dated July 31, 2019 to
provide a non exclusive license for the worldwide rights to 8 hemp
product topical formulas to Antler Retail Inc.
Antler Real Men Shiny Beard Pom
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Antler intends to launch a men's line
with these 8 licensed formulas for hair pomade, beard oil, shaving
cream, deodorant and 4 essential oil colognes. The company has
already started designing an advertising campaign targeting
men.
Antler's California subsidiary
previously acquired licenses for 56 product formulas for the
territory of the United States from Yield Growth. After developing
testing and packaging plans with Yield Growth, Antler now wishes to
expand its license for 8 of the products to worldwide distribution
rights. For a fee of $800k payable to Yield Growth in stock of
Antler, the license grants non-exclusive worldwide rights to 8
men's products developed by Yield Growth. The formulas to these
products include hemp seed oil, hemp root oil and other natural
ingredients.
Yield Growth anticipates it will
generate additional revenues through the license as the agreement
contemplates that Yield Growth will provide packaging, marketing,
manufacturing and distribution services to Antler for the men's
line. The agreement provides that at closing the license fee may be
paid in stock, but other fees are to be paid in cash on a monthly
basis.
Yield Growth has developed expertise
in developing and launching cannabis brands such as its in house
brands Urban Juve and Wright & Well. Yield Growth is building
an international distribution platform for cannabis products which
extends to the US, Europe and Asia with intentions to enter South
America.
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. The agreement
requires closing of the transaction by August 31, 2019.
About Antler Retail Inc.
Antler is developing an international
brand. Through its subsidiary, it 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 hemp personal care line
for international distribution.
About The Yield Growth Corp.
The Yield Growth Corp. develops,
manufactures and distributes cannabis and hemp infused product
brands Urban Juve and Wright & Well and has a catalogue of over
200 wellness and beauty formulas. It intends to disrupt the
international wellness market, which is a $4.2 trillion global
economy, according to the Global Wellness Institute, by connecting
ancient healing with modern science and technology. Its 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. Yield Growth serves
mainstream luxury consumers who seek sophisticated wellness
products. Its flagship consumer brand, Urban Juve, has proprietary,
patent-pending extraction technology and has 12 patents pending.
Yield Growth is building sophisticated 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 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.
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