Vancouver, British Columbia, TheNewswire - August 29, 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 completed product development of Spaced Food cannabis edibles and is ready for commercial production.
TRU will now begin the process of commercial production. Sales will commence once packaging is received. Typical lead time for packaging is between 6 to 8 weeks. Marketing and sales materials will be prepared in tandem with commercial production. The initial commercial run will be 4 packs of Strawberry sorbet containing 10mg of THC per package. In addition to the Strawberry Sorbet, TRU has developed and submitted product notifications for an additional 3 new flavours of Spaced Food edibles (Blueberry, Cherry and Mango) and intends to offer a 4 pack option with all 4 flavours expected to roll out in early 2023.
TRU signed an agreement with Spaced Food, a subsidiary of Blackhawk Growth (CSE:BLR), in which Spaced Food will provide the equipment as well as Intellectual Property and TRU will staff and develop Spaced Food products, as well as be responsible for marketing and sales of the completed products. As compensation for its efforts, TRU will receive 50% of net sales..
“I am thrilled with the progress TRU has made with Spaced Food”, said Frederick Pels, CEO of Gaia Grow. “The products are amazing and I have been eager to see them get to market. TRUs ability to get to the stage of commercialization is a significant milestone and I look forward to updating shareholders over the coming weeks.”
Spaced Food is launching edibles into orbit using high tech, space-age science! We’ve taken our love of cannabis and combined it with a unique product that solves every problem with current cannabis edibles. Spaced Food is shelf-stable, requires no refrigeration and tastes amazing!
After 3 years of research and development, Spaced Food has come up with a product with excellent bioavailability that melts in your mouth, with accurate dosing. Made using the same technology used on food before sending it to space for astronauts, the manufacturing process locks in 98% of the nutritional value as well as 100% of the medicinal ingredients. Whether you’re 18 or 81, Spaced Food will quickly become a favourite cannabis edible!
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
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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