July 16, 2020 – Vancouver, BC: The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF) (FE:YG3) (“Yield Growth”) is pleased to announce that eight of its Urban Juve products are now listed for sale on Amazon.ca and are available to both regular and Prime members.
As of July 13, 2020, the Amazon.ca listings have been live for eight Urban Juve plant-based products, including its Ultra-Hydrating Lip Balm, Skin Awakening Serum, Energizing Body Oil, Nurturing Body Oil, Hydrating Body Oil and it’s Terpene-Rich Face Moisturizers.
Urban Juve Ultra-Nourishing Hand Sanitizer Liquid is expected to be listed and available for purchase on Amazon.ca within the next two weeks.
“In Canada, Amazon is the dominant e-commerce player, so we are thrilled to make the Urban Juve Brand available to this wide consumer audience,” says Yield Growth COO Tamara Melck. “Consumer shopping behaviour continues to shift to online retail channels, and we are excited to be on the forefront of this trend, and to be able to leverage the power of the Amazon platform to drive sales of our plant-based personal care products.”
Now that the Amazon.ca product listings are complete, Yield Growth plans to work toward listing its Urban Juve products for sale on Amazon.com as well, for both regular customers and Prime members in the United States.
Statista reported that in 2019, e-commerce retail sales in Canada reached $1.85 billion, with approximately 28.1 million Canadians making purchases online that year. Revenue generated within the retail e-commerce market globally is expected to surpass $33 billion U.S. dollars by 2024, up from $25.4 billion in 2019.
A 2020 Ecommerce.com article states that Amazon is the leading e-commerce site in Canada, with approximately 160.45 million monthly visitors to Amazon.ca.
About The Yield Growth Corp.
The Yield Growth Corp. is a phytoceutical and consumer packaged goods company that 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. It has over 200 proprietary wellness formulas at various stages of commercialization, including over 20 products, including a hand sanitizer, that are now for sale through e-commerce or brick and mortar retail stores. It has 14 patent applications to protect its extraction methods and wellness formulas and it is in the early stages of research and development of plant based topicals for prevention or treatment of infectious disease. The Global Wellness Institute reports the global wellness industry is a $4.2 trillion-dollar global wellness market. Its majority owned subsidiary NeonMind Biosciences Inc. is launching a line of medicinal mushroom products and is developing intellectual property in the emerging area of psychedelic medicine. The Yield Growth management team has deep experience with global brands including Johnson & Johnson, Procter & Gamble, Skechers and Aritzia.
Investor Relations Contacts:
Penny White, President & CEO
Kevan Matheson, Investor Relations
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 Coronavirus, 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. Demand for the company’s 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.