YIELD GROWTH Announces First Product Shipment to Colombia Under the
8 Country Latin American Distribution Deal
Vancouver, British Columbia, Canada -- March 5, 2020 --
InvestorsHub NewsWire -- The Yield Growth Corp.
(CSE:
BOSS) (OTCQB:
BOSQF) (FSE: YG3) is pleased to announce that
today it ships its first products to OMG Colombia, the subsidiary
of Organic Medical Growth OMG3 Inc. ("OMG3") in Latin America,
based in Colombia, as part of a 5 year distribution deal for Yield
Growth's Urban Juve skin care line. Today, 1,800 products are being
shipped, in partial fulfillment of OMG's first product purchase
order in anticipation of imminent completion of regulatory approval
to sell Urban Juve products in Colombia and progressively in other
parts of South America.
Urban Juve arrives in Colombia
"We are excited to grow Urban Juve's presence in South America
as momentum for sales continues to grow in North America," says
Yield Growth CEO Penny White. "Through the efforts of our talented
sales team we are currently arranging to send product orders to
over 200 new retail locations in Canada for anticipated delivery in
June 2020, and we continue to produce new inventory to meet sales
demands internationally."
According to Goldstein Research, the
Latin America cosmetics market reached a value of USD $31.98
billion in 2017 and is anticipated to grow at a CAGR of 4.49%
during the forecast period 2017-2025.
OMG3 is in the process of
distributing Urban Juve skin care products in Colombia and other
countries of Latin America. Through its Colombian partner Ortix,
OMG has access to a distribution channel of over 44,000 pharmacies
in South America and has partnered with on-demand delivery giant,
Rappi, to sell products through its e-commerce platform. Rappi was
founded in Colombia in 2015 and has become the unicorn of the LATAM
start up scene having just received $1 billion in venture capital
funding from Softbank. Rappi is located in 55 cities across 7 LATAM
countries including Brazil, Argentina, Chile, Colombia, Peru,
Uruguay, and Mexico and plans to expand to 100 new cities by the
end of 2019.
About The Yield Growth
Corp.
The Yield Growth Corp. is a health
and beauty consumer packaged goods company selling plant-based
products with over 200 proprietary beauty, wellness, edibles and
beverage formulas at various stages of commercialization. Its
products are sold through e-commerce worldwide and retail stores in
3 countries with distribution agreements in place for 12 more
countries. It conducts research for plant-based therapeutics and
has filed 15 patent applications in what the Global Wellness
Institute reports is a $4.2 trillion-dollar global wellness market.
It owns the hemp skin care brand Urban Juve, which has been
featured in UK Vogue and Elle Canada, and it owns brands Wright
& Well and Jack n Jane. It's majority owned subsidiary Flourish
Mushroom Labs is launching a line of superfood mushroom products
and developing intellectual property and assets in the emerging
market of psychedelic medicine. The Yield Growth management team
has deep experience with global brands including Johnson &
Johnson, Procter & Gamble, Skechers and Aritzia. Yield Growth
earns 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 White, 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 contents 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 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,
Wright & Well, Flourish Mushroom Labs, Jack n Jane and UJ
Beverages 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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