VANCOUVER, British Columbia, Oct 30, 2019 (GLOBE NEWSWIRE via COMTEX) -- VANCOUVER, British Columbia, Oct. 30, 2019 (GLOBE NEWSWIRE) -- NewLeaf Brands Inc.'s /zigman2/quotes/203737825/delayed CA:NLB -11.54% /zigman2/quotes/200697398/delayed NLBIF -6.05% ("NewLeaf Brands" or the "Company") wholly owned subsidiary Fresh Water CBD, LLC ("Fresh Water") announces that it has completed the redesign of its CBD bottled water. The CBD bottled water will now be offered in sleek 12oz cans. These cans will decrease overall production costs and keep the CBD more sustainable as light will not be degrading the product through clear plastic bottles. Additionally, the Fresh Water has been working with its development team to create a new and improved formulation that increases the per unit dosage from 5MG to 25MG while keeping the same great Fresh Water taste. Fresh Water expects the product to be available both online and in retailers in the coming months.
Joshua Bartch, CEO NewLeaf Brands, commented, "After evaluating the current Fresh Water product in depth and the market as a whole, we felt that we needed a change and something to set us apart from other products currently available on the market. We've worked hard with our team to reformulate the product to increase the potency while keeping the same great taste, as well as not increasing the cost to our loyal customers. Additionally, we looked at a number of ways to better serve our customers and the environment with a new sleek can, while also improving the look and feel of the product. We are excited to debut this to the market in the very near future."
ABOUT NewLeaf Brands
NewLeaf Brands, Inc. is an innovative Cannabidiol ("CBD") lifestyle Company. Through the Company's wholly-owned subsidiaries We are Kured, LLC, Drink Fresh Water, LLC, ReLyfe Brand, LLC and TeaLief Brand, LLC the Company's main business activities encompass the development, marketing, and distribution of CBD products (including vaporizer pens/cartridges, hot/cold tea, softgel capsules and beverages) throughout North America, South America, and Europe. In addition, NewLeaf Brands, Inc. has extensive retail and cultivation land investments in Oregon, USA.
For further information about NewLeaf 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 .
On Behalf of the Board of Directors
For Further Information Contact
Chief Executive Officer
We Are Kured Contact:
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1f4a160-2130-4d7b-beb9-405be0ed07a7
(C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.