One of the Hottest Cannabis Growth Stories in the World
PALM BEACH, Florida, Aug. 29, 2019 /PRNewswire/ -- The Latin America cannabis market is on pace to be one of the most exciting in the world. In fact, it has the potential to become one of the largest markets in the world with an estimated value of $9.8 billion, according to New Frontier Data. Colombia for example is just beginning to transform itself into a multi-billion-dollar cannabis producer for the pharmaceutical industry. In time, growers estimate that the country could capture as much as a fifth of a global market that could be worth $40 billion a year, according to Reuters. That's opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF), Canopy Growth Corporation (TSX:WEED)(NYSE:CGC), Green Growth Brands Inc. (CSE:GGB)(OTCQB:GGBXF), Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB), and Charlotte's Web Holdings Inc. (CSE:CWEB)(OTCQX:CWBHF).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced announce that it has entered into an exclusive distribution agreement through its subsidiary Urban Juve Provisions Inc. with Organic Medical Growth OMG3 Inc. 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 and Guatemala. 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."
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