Cannabis and CBD Induced Beverages and Wellness Products are Garnering Major Acceptance - Seite 2

The Yield Growth Corp. (CSE:BOSS) (OTCPK:BOSQF) BREAKING NEWS : Yield Growth Corp is pleased to announce it has entered into a definitive agreement with Bhavna Solecki and Vivek Taneja ("vendors") to purchase eight wellness beverage formulas designed to be infused with CBD and THC, in addition to a capsule product intended to treat hangovers (the "Night Before Anti-Hangover Capsules"). The formulas have been developed to offer various health benefits, including an energy boost, hangover treatment, and formulas to boost brain function, reduce anxiety, improve immunity, remove toxins and reduce inflammation. The formulations were developed in India based on Ayurvedic medicine using botanicals, fruit extracts and spices.

Bhavna Solecki is a natural health practitioner and is engaged in research in Ayurvedic science. She has been involved in creating and developing products for Yield subsidiary Urban Juve. Vivek Taneja is an engineer with over 25 years of experience in the beverage industry developing processes for Coca-Cola, Nestle and other beverage companies.

Pursuant to the agreement, Yield has agreed to pay the vendors $100,000 to acquire the assets, payable in 200,000 shares and 200,000 warrants to purchase shares at $0.60 per share for one year. Additional compensation will be paid for filing of a provisional patent and passing stability and preservative testing and commercial launch of the products.  In addition, the vendors are entitled to a 2% royalty of net revenues.  

Following the acquisition, Yield Growth subsidiary, UJ Beverages will pursue stability and preservative testing and development of a beverage brand and alliances with licensed cannabis manufacturers in Canada and various states in the U.S. "We are very excited to acquire these formulas as the first acquisition for our cannabis beverage line," says Yield CEO Penny Green. "We intend to leverage the expertise and international distribution channels that we have developed for our topicals products." Read this and more news for The Yield Growth Corp. at: https://www.financialnewsmedia.com/news-boss

Other recent developments and major influences in the cannabis industry include:

The Alkaline Water Company Inc. (NASDAQ:WTER) (TSX-V: WTER) recently announced that ShopRite, a subsidiary of Wakefern Food Corp., has begun to offer Alkaline88  in the 3-liter and 1-liter sizes in more than 270 Shoprite stores. "The addition of ShopRite is a major accomplishment for our ongoing East Coast expansion efforts. ShopRite is the largest retailer-owned cooperative in the United States with more than 270 high-volume stores in New York, New Jersey, Connecticut, Pennsylvania, Delaware and Maryland," stated Richard A. Wright, President and CEO of The Alkaline Water Company Inc. "This adds another major East Coast retailer to our rapidly growing customer base. We look forward to working with ShopRite and supplying Alkaline88 to our loyal East Coast consumers," concluded Mr. Wright.