Yield Growth Receives Health Canada Approval for 2nd Hand Sanitizer
in Fight Against Coronavirus
Vancouver, British Columbia, Canada -- April 7, 2020 --
InvestorsHub NewsWire -- The
Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) ("Yield
Growth") is pleased to announce a second hand
sanitizer product approval; Urban Juve's Natural Health Product
application for hand sanitizer gel was approved by Health Canada
under its new fast track application process.
Yield Growth Receives Health Canada Approval for 2nd Hand Sanitizer
in Fight Against Coronavirus
The approval was granted on April 2,
2020 by Health Canada's Natural and Non-prescription Health
Products Directorate, issuing Product License NPN: 80098154. This
product licence authorizes the sale of the hand sanitizer gel. The
approval was granted within one week of the application being
submitted, consistent with Urban Juve's hand sanitizer liquid
spray, which was approved on March 27, 2020 under Product License
NPN: 80097926.
"One of the biggest challenges
in getting large volumes of hand sanitizer products to market is
sourcing packaging," says Yield Growth CEO Penny White. "With two
different formulas approved, we have more packaging options, which
will allow us to complete additional manufacturing runs to better
meet the urgent and unprecedented demand for products that limit
the spread of COVID-19."
The Center for Disease Control (CDC) recommends frequent hand
cleaning with soap and water for at least 20 seconds in order to
protect against the novel coronavirus (COVID-19); and if soap and
water are not readily available, it is recommended that individuals
use a hand sanitizer with at least 60% alcohol. Homemade products
are not advised, and it is recommended that consumers
visit the Health Canada
website to learn which products are approved. Both Urban
Juve hand sanitizer formulas are listed as approved.
"Urban Juve is scheduled to start production next
week of our hand sanitizer spray," added White. "We are eager to
roll out these new products which allow Yield Growth to be part of
the solution, as well as leveraging our experience in producing
high-quality, natural personal care products - it's a natural
extension of our expertise."
As Urban Juve increases inventory
production it plans to make the hand care products available
through its retail pharmacy network and Amazon Prime. It will also
donate some inventory to health care workers on the front lines of
the coronavirus pandemic.
Urban Juve hand sanitizing gel is a
unique blend of ingredients and contains 65% Ethyl alcohol,
consistent with Health Canada guidelines.
"Many people experience
hand dryness or even cracking with heavy use of alcohol sanitizers.
To help reduce this, we have created our formula with a multitude
of protective, moisturizing and nourishing ingredients," said
Bhavna Solecki, Yield Growth Director Of Product Research. "This
includes aloe vera extract for hydration, witch hazel for its
anti-inflammatory and anti-viral properties, and skin-protecting
essential oils to keep hands moisturized and fresh. Urban Juve
products are designed to nourish, heal and hydrate the skin."
The sanitizers contain the highest
quality natural essential oils including: oregano, thyme, tea tree,
cedar, eucalyptus, blood orange and lemon, all of which are known
for their disinfecting capabilities.
According to Reportsnreports.com, the
global market for hand sanitizers is anticipated to reach $5.5
billion by 2024, up from $2.4 billion in 2017.
About The Yield Growth
Corp.
The Yield Growth Corp. conducts
research and development and sells plant-based products that
improve lives. It has over 200 proprietary wellness 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, including protection against
infectious diseases, and has 13 patents filed in what the Global
Wellness Institute reports is a $4.2 trillion-dollar global
wellness market. It owns the plant-based skin care brand Urban
Juve, which is currently launching a line of hand care products,
and it owns wellness brands Wright & Well and Jack n Jane. It's
majority owned subsidiary Flourish Mushroom Labs is launching a
line of medicinal mushroom products and developing a business 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
Kevan Matheson, 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, brand development,
availability of packaging, intellectual property protection,
reduced global commerce and reduced access to raw materials and
other supplies do to the spread of the Coronavirus, the potential
for not acquiring any rights as a result of the patent application
and any products making use of the intellectual property may be
ineffective or the company may be unsuccessful in commercializing
them; and other approvals will be required before commercial
exploitation of the intellectual property can happen. The laws
around cultivating, selling and using psychedelic mushrooms would
need to change in most jurisdictions in order for the use of
psychedelic products to be legal 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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