IRW-PRESS: Yield Growth Corporation .: Yield Growth signs an exclusive distribution agreement with organic medical growth in Colombia and Brazil
Vancouver (British Columbia), August 29, 2019. Yield Growth Corp. (CSE: BOSS,
OTCQB: BOSQF, Frankfurt: YG3) is pleased to announce that OMG3 Inc. (OMG3) through its subsidiary Urban Juve Provision Inc. entered into an exclusive five-year exclusive distribution agreement with Urban Medical. Juve products in Colombia and Brazil have signed.
OMG3 plans to begin distributing Urban Juve Hemp containing products in Colombia. The first products on offer are Urban Juves Face Cream, Ritual Body Oil and Anti-Aging Serum, its head.
OMG3 has access to over 9,000 outlets in Colombia (pharmacies and specialty stores) through a 10-year exclusive distribution agreement. Through the same distribution partner, OMG3 can reach more than 44,000 retail locations in other South American countries, including Brazil, Costa Rica, Panama, Argentina, El Salvador and Guatemala. Yield growth and OMG3 intend to extend the distribution agreement to these additional regions.
We are delighted to be able to include Urban Juve in our distribution portfolio and distribute their products exclusively in South America. In addition to developing our own, branded and protected branded products and cannabis, our strategy is also to bring major international brands of cosmetics, pharmaceuticals and pharmaceuticals to the market, says Jorge Diaz, President and CEO of OMG3. We firmly believe that Urban Juve products will be a great addition to the current retail offering as they find their way to customers across borders because of their natural formulas and benefits. Urban Juve products will initially be distributed in Colombia and we look forward to working with their team to expand their reach across our network across South America.
According to Goldstein Research, the Latin American cosmetics market reached $ 31.98 billion in 2017, and is expected to grow at an average annual growth rate (CAGR) of 4.59% over the forecast period 2017-2025.
About Organic Medical Growth OMG3 Inc.
OMG3 is a Canadian agribusiness investment company in Colombia that produces cannabinoids and processes medical cannabinoids from certified organic farms and distributes cannabis-based medical products in Colombia and other markets through its OMG Colombia subsidiary.
OMG3 owns one hundred percent of Colombian company Estado Verde S.A.S., which holds licenses and licenses for cannabis, including licenses for the cultivation of psychoactive cannabis (THC) and non-psychoactive cannabis (CBD). OMG3 secured further licenses by signing contracts with licensed manufacturers in Colombia. The company has set up a joint venture for 4,000 hectares of hemp production in Colombia.
OMG3 is strategically positioned to become the largest manufacturer and distributor of cannabis products in South America.
The Yield Growth Corporation specializes in the development, production and distribution of Urban Juve and Wright & Well cannabis and hemp products. The company's product range includes more than 200 wellness and beauty formulas. The company intends to revolutionize the international wellness market – which, according to the Global Wellness Institute, has now reached an international market value of $ 4.2 trillion – combining ancient healing methods with modern science and technology. Yield Growth's executive team is well versed in international brands such as Johnson & Johnson, Procter & Gamble, M · A · C cosmetics, Skechers, Best Buy, Aritzia, Coca-Cola and Pepsi Corporation. The target group for Growth Yields are the main luxury consumers who want excellent spa products. Urban Juve's major urban device has proprietary and patented extraction technology and has filed a total of 12 patents. Yield growth is currently building a solid international distribution network and has numerous sources of revenue, such as Services, licensing and product sales.
For more information, visit www.yieldgrowth.com or Instagram at @yieldgrowth. Visit www.urbanjuve.com and #findyourjuve on social platforms for information, engagement and shopping.
Penny Green, President and CEO
Kristina Pillon, Investor Relations
The content of this news has not been reviewed or approved by the Canadian Stock Exchange.
Precautionary statement regarding forward-looking statements
This press release contains forward-looking statements and information (collectively forward-looking statements) within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a series of estimates and assumptions that are reasonable but subject to known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those in the Company's investment history. Such risks, uncertainties and factors include, but are not limited to: risks associated with the development, testing, licensing, protection of intellectual property, sale and demand of urban products Juve, Wright & Well and UJ Beverages general business, economic, competitive, political and social insecurity , delays or non-authorizations by the Board or the Authority, where applicable, and the situation in the capital markets. Yield Growth advises investors that forward-looking information provided by Yield Growth does not guarantee future results or performance and that actual results may differ materially from those in forward-looking statements due to various factors. The forward-looking statements in this news release refer to the date of this release. The Company has no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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