YIELD GROWTH Signs Definitive Agreement to License 8 Products for Men's Hemp Line to Antler Retail
Thu August 1, 2019
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) is pleased to announce that it has entered into a definitive agreement dated July 31, 2019 to provide a non exclusive license for the worldwide rights to 8 hemp product topical formulas to Antler Retail Inc.
Antler intends to launch a men's line with these 8 licensed formulas for hair pomade, beard oil, shaving cream, deodorant and 4 essential oil colognes. The company has already started designing an advertising campaign targeting men.
Antler's California subsidiary previously acquired licenses for 56 product formulas for the territory of the United States from Yield Growth. After developing testing and packaging plans with Yield Growth, Antler now wishes to expand its license for 8 of the products to worldwide distribution rights. For a fee of $800k payable to Yield Growth in stock of Antler, the license grants non-exclusive worldwide rights to 8 men's products developed by Yield Growth. The formulas to these products include hemp seed oil, hemp root oil and other natural ingredients.
Yield Growth anticipates it will generate additional revenues through the license as the agreement contemplates that Yield Growth will provide packaging, marketing, manufacturing and distribution services to Antler for the men's line. The agreement provides that at closing the license fee may be paid in stock, but other fees are to be paid in cash on a monthly basis.
Yield Growth has developed expertise in developing and launching cannabis brands such as its in house brands Urban Juve and Wright & Well. Yield Growth is building an international distribution platform for cannabis products which extends to the US, Europe and Asia with intentions to enter South America.
Antler is a related party to Yield Growth, as Krystal Pineo and Penny Green are both directors and significant shareholders of Yield Growth and Antler. The agreement requires closing of the transaction by August 31, 2019.
About Antler Retail Inc.
Antler is developing an international brand. Through its subsidiary, it has a lease on a California property with a retail space designed to be a cannabis retail dispensary and a tenant who is in the process of applying for a California cannabis retail license with statewide delivery rights. Antler Retail is also developing a men's hemp personal care line for international distribution.
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 (JNJ), Procter & Gamble, M·A·C Cosmetics, Skechers, Best Buy, Aritzia (ATZAF), 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 sophisticated 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
https://seekingalpha.com/pr/17589716-yield-gr...ler-retail
Thu August 1, 2019
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) is pleased to announce that it has entered into a definitive agreement dated July 31, 2019 to provide a non exclusive license for the worldwide rights to 8 hemp product topical formulas to Antler Retail Inc.
Antler intends to launch a men's line with these 8 licensed formulas for hair pomade, beard oil, shaving cream, deodorant and 4 essential oil colognes. The company has already started designing an advertising campaign targeting men.
Antler's California subsidiary previously acquired licenses for 56 product formulas for the territory of the United States from Yield Growth. After developing testing and packaging plans with Yield Growth, Antler now wishes to expand its license for 8 of the products to worldwide distribution rights. For a fee of $800k payable to Yield Growth in stock of Antler, the license grants non-exclusive worldwide rights to 8 men's products developed by Yield Growth. The formulas to these products include hemp seed oil, hemp root oil and other natural ingredients.
Yield Growth anticipates it will generate additional revenues through the license as the agreement contemplates that Yield Growth will provide packaging, marketing, manufacturing and distribution services to Antler for the men's line. The agreement provides that at closing the license fee may be paid in stock, but other fees are to be paid in cash on a monthly basis.
Yield Growth has developed expertise in developing and launching cannabis brands such as its in house brands Urban Juve and Wright & Well. Yield Growth is building an international distribution platform for cannabis products which extends to the US, Europe and Asia with intentions to enter South America.
Antler is a related party to Yield Growth, as Krystal Pineo and Penny Green are both directors and significant shareholders of Yield Growth and Antler. The agreement requires closing of the transaction by August 31, 2019.
About Antler Retail Inc.
Antler is developing an international brand. Through its subsidiary, it has a lease on a California property with a retail space designed to be a cannabis retail dispensary and a tenant who is in the process of applying for a California cannabis retail license with statewide delivery rights. Antler Retail is also developing a men's hemp personal care line for international distribution.
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 (JNJ), Procter & Gamble, M·A·C Cosmetics, Skechers, Best Buy, Aritzia (ATZAF), 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 sophisticated 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
https://seekingalpha.com/pr/17589716-yield-gr...ler-retail
