New Age Brands Inc. Announces Wholly Owned Subsidiary Kured International, LLC to Enter the European Market
VANCOUVER, British Columbia, Feb. 12, 2019 (GLOBE NEWSWIRE) -- New Age Brands Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (“New Age Brands” or the “Company”) is pleased to announce that, following the recent success of its wholly owned subsidiary, We Are Kured, LLC (“Kured”), in South America, Kured has expanded into Europe by launching Kured International, LLC. Kured has begun to make significant progress in entering the European market thanks to the efforts of Yves Yon, Managing Director of Kured International, LLC. Kured CBD vape pens will now be offered in CBD stores throughout Paris, France.
Kured’s 100% THC free CBD oil fits France’s CBD guidelines which require that all CBD oil must be less than 0.02% THC content. After introducing Kured’s disposable vape pen to some of Paris’s well-known CBD store owners and distributors, the Kured team feels that the European market will soon become a focus for distribution.
Benjamin Martch, New Age Brand’s Chief Marketing Officer and founder and Chief Executive Officer of Kured, stated: “The European market has been discussed between New Age Brands management team for months, but after hearing the positive feedback from store owners in France, we will now be heavily focused on the European market.”
ABOUT New Age Brands
New Age Brands is an innovative Cannabidiol (“CBD”) lifestyle Company. Through the Company’s wholly owned subsidiaries We Are Kured and Drink Fresh Water, the Company’s main business activities encompass the development, marketing and distribution of CBD products (including vaporizer pens and beverages) throughout the United States and internationally. In addition, New Age Brands has extensive retail and cultivation land investments in Oregon.
For further information about New Age Brands, please consult the Company’s profile on SEDAR at or visit the Company’s website at . For further information about We Are Kured, please visit their website at .
| On Behalf of the Board of Directors Joshua Bartch Chief Executive Officer | For Further Information Contact Corporate Communications 250-488-6728 | |
| We Are Kured Contact: Ben Martch Founder & CEO |
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to completion of planned improvements at both the Canadian and US sites on schedule and on budget, the availability of financing needed to complete the Company’s planned improvements on commercially reasonable terms, planned occupancy by the tenant-growers, commencement of operations, differences in yield on expected harvests, delays in obtaining statutory approval for marijuana production plans, issues that may arise throughout the grow period, outdoor crops affected by weather, the ability to mitigate the risk of loss through appropriate insurance policies, and the risks presented by federal statutes that may contradict local and state legislation respecting legalized marijuana. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
This news release does not constitute an offer of securities for sale in the United States. These securities have not and will not be registered under United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon.
