Vancouver, British Columbia, Canada -- April 23, 2020 --
InvestorsHub NewsWire -- The Yield Growth
Corp. (CSE: BOSS) (OTCQB: BOSQF)
(FSE:
YG3) ("Yield
Growth") announces its subsidiary Urban Juve has
successfully listed its Urban Juve hand sanitizer gel with the U.S.
Food and Drug Administration (the "FDA"), allowing
it to market and sell its hand sanitizer gel with 65% ethyl alcohol
throughout the U.S. The FDA issued NDC number 75385-0010-1 as
confirmation of acceptance of listing of the Urban Juve hand
sanitizer gel, which may be labelled as an antiseptic to help
reduce bacteria on the skin. The formula contains Aloe Vera which
can help ward off side effects related to dryness of the skin, and
Eucalyptus Oil which is known to relieve stress and boost mental
clarity.
Yield Growth Hand Sanitizer is Accepted for Listing by the FDA for
U.S. Sales
Urban Juve began pre-selling its
Health Canada approved hand sanitizers to Canadian retail chains
and Canadian consumers this week, for delivery in May. Canadian
consumers can now place pre-orders at urbanjuve.com. The company
intends to begin taking orders for its FDA listed hand sanitizer
product from U.S. retailers and U.S. residents in May for
deliveries beginning in July.
Yield Growth has adopted a policy to
donate hand sanitizer products to COVID-19 front line workers and
has allocated 1,000 units for initial donations. Handwashing isn't
always practical, especially for front line workers. Through Urban
Juve's Instagram, Twitter, and Facebook accounts followers will be
asked to nominate communities most in need of supplies.
"Our team is
tremendously proud to play a part in the solution, during this
chaotic time, by leveraging our expertise to develop high quality,
natural hand sanitizers," says Karla Cheon, Yield Growth VP,
Marketing. "The saying goes: 'people don't remember what you say,
they remember how you made them feel,' and we hope to bring some
peace of mind to our community through the availability and
donations of our sanitizers."
To combat Coronavirus, if soap and
water are not readily available, the Centers for Disease Control
and Prevention (CDC) recommends consumers use an alcohol-based hand
sanitizer that contains at least 60 percent ethyl alcohol.
On March 27, 2020 and on April 2,
2020 Health Canada's Natural and Non-prescription Health Products
Directorate (NNHPD), issued Product Licenses NPN 80097926 and NPN
80098154 for Urban Juve's hand sanitizer products.
The hand sanitizer market is expected
to grow at a CAGR of over 17% between 2019 and 2025 according to a
new report from Aritzon, with sales this year expected to reach US
$11 billion in 2020, a 600% increase over last year. Alcohol-based
hand sanitizers are set to become a standard household good.
About The Yield Growth
Corp.
The Yield Growth Corp. develops and
acquires intellectual property and other assets related to
plant-based products and therapeutics, and develops, manufactures,
markets, sells and distributes 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 has 14
patent applications 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
NeonMind Biosciences Inc. is launching a line of medicinal mushroom
products and is 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 COVID-19, 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, NeonMind, 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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