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VANCOUVER, Sept. 24, 2019 /CNW/ - Geyser Brands Inc.
(formerly Kanzen Capital Corp.) (TSX-V: GYSR) ("Geyser
Brands" or the "Company) is very pleased to announce the
receipt of their Natural Product Number (NPN) from Health Canada
for their hemp-based pain relief roll-on. Through the issuance of
the NPN, Geyser Brands' Solace subsidiary (see press release dated
September 18, 2019) is authorized to
market and sell their Pain Relief Roll-on as a natural health
product through the Apothecary Naturals line of products. Licensed
products have been assessed by Health Canada and found to be safe,
effective and of high quality under their recommended conditions of
use.
According to the Allied Market Research, the global topical pain
relief market garnered $7.48 billion
in 2017, and is expected to reach $13.28
billion by 2025, growing at a CAGR of 7.4% from 2018 to
2025. With distribution through traditional retailers and
direct-to-consumer, products are expected to hit shelves in
October, 2019.
The Solace subsidiary carries the Apothecary line of brands
including:
- Apothecary Naturals: 100% all-natural, organic,
hemp-based products for everything from skin care to pain
relief.
Website: https://www.apothecarynaturals.ca/
- Apawthecary Pets: 100% all-natural wellness products for
pet pain and anxiety.
Website: https://www.apawthecarypets.com/
- Wildtails: 100% all-natural, freeze-dried,
single-ingredient and nano-hemp infused pet foods and treats.
Website: https://www.wildtailspet.com/
- Apothecary Ink: Antibacterial skin preparation, pain
control and skin care for new and old tattoos.
Website: https://www.apothecaryink.com
"Receiving our NPN supports our vision to develop and build
brands based on trust and credibility in an emerging but heavily
regulated industry. Our continued focus on natural, healthy
ingredients along with world-class formulations has been recognized
with this NPN and we look forward to rolling these out in
Canada as a first step in building
a global presence", stated Geyser Brands Chairman, Brad Kersch. "We have over 15,000 square feet of
GMP-rated manufacturing space and our plans are to increase our
capacity significantly in preparation for the next growth phase in
the cannabis space", he added.
Solace was also granted a Site License from Health Canada for
its Coquitlam operations.
The site licence holder, indicates
sites that have been authorized to manufacture,
package, label and/or import natural health products
by Health Canada.
About Geyser Brands
Geyser Brands develops consumer product brands that use hemp and
CBD as a value-added ingredient. These involve next-generation
formulas that focus on the mix of cannabinoids for specific
conditions such as insomnia, anxiety and pain. Proprietary delivery
technologies include all natural nano-technology, slow-release
mechanisms and non-molecule degrading baking processes. In
anticipation of coming edibles legislation, and with its Health
Canada approved Licensed Production Facility, Geyser Brands has
15,000 sqft in two GMP facilities in Vancouver for edibles.
For more information, visit Geyser Brands' website at
www.geyserbrands.com.
On Behalf of the Board of Directors
"Andreas Thatcher"
____________________________________
Andreas Thatcher
Director and CEO
andreas@geyserinc.ca
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This news release contains forward‐looking
statements and forward‐looking information within the
meaning of applicable securities laws. These statements relate to
future events or future performance. All statements other than
statements of historical fact may be forward‐looking
statements or information. Forward‐looking statements
and information are often, but not always, identified by the use of
words such as "appear", "seek", "anticipate", "plan", "continue",
"estimate", "approximate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for
the purpose of providing information about the current expectations
and plans of management of the Company relating to the future.
Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as
making investment decisions. Since forward‐looking
statements and information address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include,
but are not limited to, the risks associated with the marijuana
industry in general such as operational risks in growing;
competition; incorrect assessment of the value and potential
benefits of various transactions; ability to access sufficient
capital from internal and external sources; failure to obtain
required regulatory and other approvals and changes in legislation,
including but not limited to tax laws and government regulations.
Accordingly, readers should not place undue reliance on the
forward‐looking statements, timelines and information
contained in this news release. Readers are cautioned that the
foregoing list of factors is not exhaustive. Additional
information relating to Geyser is available
at www.sedar.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Geyser Brands Inc.