New Age Brands Subsidiary, We Are Kured Signs Retail Agreement with MassRoots
14 1월 2019 - 10:30PM
New Age Brands Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF)
(“New Age Brands” or the “Company”) is pleased to announce that its
wholly owned subsidiary, We Are Kured, LLC (“Kured”), has signed an
agreement with MassRoots, Inc. (“MassRoots”) (OTCQB:MSRT), a
leading technology and rewards platform, to serve as the leading
online retailer of our #1 best-selling CBD vaporizer pen.
CBD vaporizer pens are handheld vaporizers or
E-Cigarettes containing cannabinoid oil. CBD has been used to treat
patients looking for relief from inflammation, pain, anxiety,
psychosis, seizures, spasms, and other conditions without
disconcerting feelings of lethargy or dysphoria. The legal
CBD marketplace is expected to be valued at more than $20 billion
by the year 20221.
Kured’s vaporizer pen will be the first CBD
product to be sold directly through MassRoots’ impressive online
platform and social media pages. MassRoots boasts over 1
million total social media followers, a mailing list of more than
750,000 subscribers and has hundreds of thousands unique monthly
visitors on their application and website. The MassRoots
application can be downloaded on the Apple App Store and Google
Play.
“MassRoots is excited for the opportunity to
enter into the emerging online CBD retail marketplace,” said Mr.
Isaac Dietrich, MassRoots’ Chief Executive Officer. “We
believe that the market for CBD products will continue to escalate
in the near-future and our ability to partner with a recognized
leader in the industry, such as Kured, will provide a strong
strategic advantage. MassRoots anticipates that our vast user
base will provide a strong customer base for Kured’s top-rated CBD
products.”
Kured is extremely pleased to partner with a
recognized market leader such as MassRoots,” said Mr. Ben Martch,
Chief Executive Officer of Kured. “MassRoots possesses an
impressive online and social media following of educated CBD
consumers. We are confident that they are the ideal partner
for our best-selling vaporizer pen and we look forward to a
mutually beneficial relationship.”
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 www.sedar.com or
visit the Company’s website at www.NABrandsInc.com. For further
information about We Are Kured, please visit their website at
www.wearekured.com.
ABOUT MassRoots
MassRoots, Inc. is a leading technology and
rewards platform. Powered by more than one million registered
users, MassRoots' mobile apps empower consumers to make
educated purchasing decisions through community-driven reviews.
MassRoots’ rewards program, WeedPass™, enables
consumers to earn tickets to movies, sporting events, and festivals
by shopping at participating dispensaries.
MassRoots has been covered by CNN, CNBC, Fox
Business, Fortune, Forbes, and Reuters. For more information,
please visit www.MassRoots.com/Investors and review MassRoots'
filings with the U.S. Securities and Exchange Commission.
On Behalf of
the Board of Directors |
For Further
Information Contact |
|
|
Joshua
Bartch |
Corporate
Communications |
Chief Executive
Officer |
info@nabrandsinc.com |
info@newagefarminc.com |
250-488-6728 |
|
|
We Are Kured
Contact: |
|
|
|
Ben Martch |
|
Founder & CEO |
|
www.wearekured.com |
|
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.
Forward-looking Statements
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.
Source: We are Kured, LLC and MassRoots,
Inc.
1
https://www.bloomberg.com/news/articles/2018-12-19/trendy-hemp-compound-cbd-set-for-big-boost-from-u-s-farm-bill
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