Vancouver, British Columbia, TheNewswire - August 17, 2022 - Gaia Grow Corp. (the “Company” or “Gaia”) (CSE:GAIA) (CNSX:GAIA.CN) (Frankfurt: GGO) is pleased to announce that its wholly owned subsidiary TRU Extracts (“TRU”) has acquired the rights to manufacture and distribute Leaf & Mark’s (“LAM”) YOLO and FUBAR branded Cannabis Lines.
Leaf & Mark will be responsible for marketing the products for and on behalf of TRU, while TRU will manufacture and maintain control of the products as well as all inputs at all times during the production and distribution of these products. In consideration for the provision of services TRU will pay LAM a royalty fee equal to 25% of Net Sales Revenue. Both brands have been in development at TRU for the last 12 months. LAM and TRU are expecting these products to be commercially ready by fall of 2022.
FUBAR’s current product line “F-Bomb” ranges from sour gummies to peanut butter and graham cracker cookies. More information can be found at www.fubarcannabis.ca
YOLO’s current products range from multi flavour gummies to strawberry and birthday cake cookies. More information can be found at www.yolocannabis.ca
“Working with Leaf & Mark has been an amazing experience”, said Frederick Pels, CEO of Gaia Grow. “The products are outstanding and with the branding and sales support from Leaf and Mark, I am sure they will be well received by Canadian cannabis consumers. I look forward to updating shareholders as YOLO and Fubar continue to progress.”
“We anticipate a great future and rapid growth with our partners at TRU Extracts”, said Matthew Philipchuk, Co-Founder & CEO of Leaf & Mark. “It’s a pleasure to work with TRU professionals in the cannabis industry.”
TruExtracts Laboratories was created for high-capacity extraction and production to meet global demand. TRU is one of Western Canada’s largest cannabis and hemp processors, with a 12,500 square foot state of the art facility in Calgary. The facility is Health Canada licensed and fully operational, with an expansion capability of an additional 16,000 additional square feet. Services include toll processing, THC, CBD extractions and isolates, as well as white label service and cannabis THC and CBD products.
For more Information, please visit their website at https://truextractslabs.com
About Leaf & Mark
Leaf & Mark provides the highest quality edibles in Canada, using only the best technology and raw ingredients to produce delicious treats for all to enjoy. We manufacture products in our federally licensed production facility in Calgary, Alberta. Through our licensed brands, we are capable of distributing a wide range of gummies and other confectionery, as well as baked items (cookie and brownie pieces), savoury crisps (popcorn, corn or wheat crackers), and much more.
For more Information, please visit their website at https://leafandmark.com
Please join the conversation on our GAIA group supporter’s telegram group at https://t.me/gaiagrow and visit us online at www.gaiagrow.com
For more information contact:
Frederick Pels, Chief Executive Officer
CAUTIONARY AND FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect", “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could", "might", “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the hemp industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.
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