February 28, 2018 – Vancouver, BC
New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (www.newagefarminc.com) (“New Age Farm” or the “Company”) is pleased to announce that the first order of 5,000 CBD pens has arrived at We Are Kured LLC’s (“WAK”) Denver, Colorado facility. The Company previously announced that it had placed the order for it first 5,000 state-of-the-art hemp-based vaporizer pens in a ready-to-use form (see News Release dated January 8, 2018). The Company has worked closely with the manufacturing and design team to ensure that the look, feel and overall experience of the pen would be both ergonomically and esthetically pleasing. WAK’s production team has begun filling each pen with 250mg of the highest quality, Terpene infused, CBD oil. Each vape pen is infused with one of three specific terpene flavour profiles. The three variations are Moonlight, an Indica blend infused with OG Kush Terpenes; Daylight, a Sativa blend infused with Pineapple Express Terpenes; and Allday, a Hybrid blend infused with Strawberry Diesel Terpenes.
WAK is expecting the product to be packaged and ready to ship shortly. At the same time, WAK is putting the final touches on the new website as it goes through a design testing process. WAK plans to formally launch the website in the coming weeks in conjunction with a large scale, targeted marketing campaign. More details on this phase of the strategic plan will be released closer to the launch date.
Mr. Ben Martch, President of WAK commented, “Erik Knutson and his experienced team have once again exceeded our expectations by providing WAK with top terpene infused hemp derived CBD oil. The disposable vaporizing pens look sexy and sleek, and the ceramic atomizer ensures a smooth, tasteful vape hit and the individual packaging is perfect for WAK’s branding.”
Mr. Erik Knutson, CEO of Native Hemp Corporation stated, “We are very excited for the WAK pen’s anticipated commercial launch. The collaboration among the We Are Kured, Eybna and Native Hemp teams has truly produced one of the most unique hemp-based products currently on the market.”
Mr. Carman Parente, President and CEO of New Age Farm commented, “The advancing of this project is good for New Age Farm, our shareholders and our morale. With our involvement in the agri-campuses in Washington State set to wind down, we are truly excited to see this project moving forward in an area where there is less regulatory uncertainty and more potential for vertical and horizontal integration, for collaboration and for real growth that will benefit our stakeholders.”
About New Age Farm
New Age Farm is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at its agri-campuses in Washington State. In November 2012, the Washington State Liquor and Cannabis Board (“WSLCB”) passed Initiative 502 (“I-502”). I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. New Age Farm provides innovative solutions for growers and processors in this burgeoning industry.
About We Are Kured, LLC
WAK is a wholly owned subsidiary of New Age Farm, acquired in December 2017. WAK is building an innovative online CBD and lifestyle company. WAK has partnered with best in class hemp cultivators, edible manufacturers, cutting edge product formulators to develop, market and distribute multiple lines of CBD products including, but not limited to, CBD vaporizer pens, topicals, gel capsules and more. All of We Are Kured’s products are 100% THC free and will be available for purchase internationally. THC, or tetrahydrocannabinol, is the primary active ingredient in cannabis. WAK expects to launch its first product, a fully loaded, 250 mg disposable terpene infused, hemp derived CBD vaporizing pen shortly. The vape pens will be available in three variations: Sunshine (Sativa blend), Moonlight (Indica blend) and Anytime (hybrid blend). Please bookmark http://wearekured.com, where WAK is in the process of building out a full website where consumers will be able to learn more about the company and purchase its products.
For further information about New Age Farm, please consult the Company’s profile on SEDAR at www.sedar.com.
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President and Chief Executive Officer
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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.