Vancouver, British
Columbia--August 29, 2019 -- InvestorsHub NewsWire -- The
Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE:
YG3) is pleased to announce that it has entered into
an exclusive distribution agreement through its subsidiary Urban
Juve Provisions Inc. with Organic Medical Growth OMG3 Inc. ("OMG3")
for the exclusive distribution of Urban Juve products in Colombia
and Brazil for a term of 5 years.
OMG3 plans to commence
distribution of Urban Juve hemp-infused products in Colombia. The
first products to be offered will be Urban Juve's Face Moisturizer,
Ritual Body Oil, and its signature Anti-Aging
Serum.
OMG3, through an exclusive
10-year distribution agreement, has access to more than 9,000
points of sale in Colombia (pharmacies and specialized stores).
Through the same distribution partner, OMG3 can reach more than
44,000 retail locations in other countries in South America,
including Brazil, Costa Rica, Panama, Argentina, El Salvador,
Guatemala, Chile, Uruguay, Ecuador and Peru. Yield Growth and OMG3
intend to expand their distribution agreement to cover these
additional territories.
"We are very pleased to
welcome Urban Juve to our distribution portfolio and exclusively
distribute their products in South America. In addition to creating
in-house and co-branded hemp seed and cannabis-based product lines,
our strategy is to bring major international brands to the market
in the areas of cosmetics, therapeutic and pharmaceutical
products," says Jorge Diaz, President & CEO of OMG3. "We
strongly believe that the Urban Juve products will be an excellent
addition to the current retail offer, finding their way to
customers across borders due to their natural formulas and
benefits. Urban Juve products will be initially distributed in
Colombia, and we look forward to working with their team on
expanding the reach within our network throughout South
America."
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.
About Organic
Medical Growth OMG3 Inc.
OMG3 is a Canadian
investment holding company with agrotech operations in Colombia in
the field of cannabis production and transformation of cannabinoids
for medicinal purposes from organic certified farms, as well as the
distribution of cannabis-based medicinal products in Colombia and
other markets through its subsidiary OMG
Colombia.
OMG3 owns 100% of Estado
Verde S.A.S, a Colombian company that has cannabis related licenses
and permits, including the License for the cultivation of
Psychoactive Cannabis (THC) and the License for the cultivation of
Non-Psychoactive Cannabis (CBD). OMG has secured additional
licenses by signing agreements with licensed producers in Colombia.
The company has entered into a joint venture for a 4,000 hectares
hemp production in Colombia.
OMG3 is positioning itself
to become the largest producer and distributor of cannabis products
in South America.
About The Yield
Growth Corp.
The Yield Growth Corp.
develops, manufactures and distributes cannabis and hemp infused
product brands Urban Juve and Wright & Well and has a catalogue
of over 200 wellness and beauty formulas. It intends to disrupt the
international wellness market, which is a $4.2 trillion global
economy, according to the Global Wellness Institute, by connecting
ancient healing with modern science and technology. Its management
team has deep experience with global brands including Johnson &
Johnson, Procter & Gamble, M·A·C Cosmetics, Skechers, Best Buy,
Aritzia, Coca-Cola and Pepsi Corporation. Yield Growth serves
mainstream luxury consumers who seek sophisticated wellness
products. Its flagship consumer brand, Urban Juve, has proprietary,
patent-pending extraction technology and has 12 patents pending.
Yield Growth is building robust international distribution channels
and has multiple revenue streams including services, licensing 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 Green, 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 content 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 the 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, 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.