We Are Kured Successfully Sells Out of First South American Product and Successfully Ships Second Batch
31 Octubre 2018 - 6:30AM
New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF)
(“New Age Farm” or the “Company”) is pleased to announce that its
wholly owned subsidiary, We Are Kured LLC (“Kured”), has sold
through the entirety of the original shipment of their 500mg
disposable vaporizer pens to its South American subsidiary.
Additionally, Kured has successfully shipped its second batch to
South America and expects that its subsidiary should move through
the product shipment quickly.
Joshua Bartch, New Age Farm’s Chief Executive
Officer, stated: “We are incredibly satisfied with the rate that
the product is moving in Chile, our first territory in Latin
America that we have been targeting. We have been receiving
very positive feedback from the current customers in Chile and are
looking forward to expanding our footprint elsewhere in Latin
America. We are currently bolstering our infrastructure in
the region to include a dedicated sales force as well as working on
various other logistics to improve our profitability and efficiency
overall.”
About New Age Farm
New Age Farm is an agricultural services company
offering unique turnkey growing infrastructure and services for
licensed growers and processors of luxury marijuana crops at its
agri-campuses in Washington State. In November 2012, the Washington
State Liquor and Cannabis Board (“WSLCB”) passed Initiative 502
(“I-502”). I-502 authorized the WSLCB to regulate and tax
recreational marijuana products for persons over twenty-one years
of age and thereby created a new industry for the growing,
processing and selling of Washington State-regulated recreational
marijuana products. New Age Farm provides innovative solutions for
growers and processors in this burgeoning industry.
About We Are Kured, LLC
Kured is a wholly owned subsidiary of New Age
Farm, acquired in December 2017. Kured is building
an innovative online CBD and lifestyle company. Kured has
partnered with best in class hemp cultivators, edible
manufacturers, cutting edge product formulators to develop, market
and distribute multiple lines of CBD products including, but not
limited to, CBD vaporizer pens, topicals, gel capsules and more.
All of Kured’s products are 100% THC free and will be available for
purchase internationally. THC, or tetrahydrocannabinol, is the
primary active ingredient in cannabis.
For further information about New Age Farm,
please consult the Company’s profile on SEDAR at www.sedar.com or
visit the Company’s website at www.newagefarminc.com. For
further information about We Are Kured, please visit their website
at www.wearekured.com.
On
Behalf of the Board of DirectorsJoshua BartchChief
Executive Officerinfo@newagefarminc.com |
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For Further Information ContactCorporate
Communicationscorpcom@newagefarminc.com888-871-3936 |
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We Are Kured Contact:Ben MartchFounder &
CEOwww.wearekured.com |
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The Canadian Securities Exchange has
neither approved nor disapproved the contents of this
news release and accepts no responsibility
for the adequacy or accuracy hereof.
This news release contains forward-looking
statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such
forward-looking statements reflect management’s current beliefs and
are based on assumptions made by and information currently
available to the Company. Readers are cautioned that these forward
looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to
differ materially from those expected including, but not limited to
completion of planned improvements at both the Canadian and US
sites on schedule and on budget, the availability of financing
needed to complete the Company’s planned improvements on
commercially reasonable terms, planned occupancy by the
tenant-growers, commencement of operations, differences in yield on
expected harvests, delays in obtaining statutory approval for
marijuana production plans, issues that may arise throughout the
grow period, outdoor crops affected by weather, the ability to
mitigate the risk of loss through appropriate insurance policies,
and the risks presented by federal statutes that may contradict
local and state legislation respecting legalized marijuana. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under
applicable securities legislation. This news release does not
constitute an offer to sell securities and the Company is not
soliciting an offer to buy securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
This news release does not constitute an offer
of securities for sale in the United States. These securities have
not and will not be registered under United States Securities Act
of 1933, as amended, or any state securities laws and may not be
offered or sold in the United States or to a U.S. Person unless so
registered, or an exemption from registration is relied upon.
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