December 22, 2017 – Vancouver, BC
Vancouver, British Columbia (FSCwire) – New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (www.newagefarminc.com) (“New Age Farm” or the “Company”) is pleased to announce the Company’s wholly owned subsidiary, We Are Kured (“WAK”), has selected global terpene developer Eybna Technologies Ltd (“Eybna”) to provide the unique terpene blends for the WAK’s terpene infused hemp derived CBD oil.
Eybna is a global leader in the research and development of cannabis terpene based solutions. Terpenes are organic compounds found in a variety of plants, and contribute to their flavour, scent and colour. Eybna is isolating the medicinal properties found in different cannabis strains and developing cannabis medicine that is tailored to treat specific medical conditions.
While common practice is to selectively breed and genetically modify cannabis in order to reach specific traits, Eybna is leading a revolutionary new approach. Eybna is mapping and isolating all the building blocks of cannabis and studying their independent and synergistic properties, with emphasis on terpenes that have recently been found to account for many of the effects induced by each strain. Eybna then intends to construct new formulations that hold the different medical benefits of cannabis.
To date, with access to a focus group of over 2000 medical marijuana users, Eybna is already seeing very positive results and it is not far before Eybna’s first formulations are released, with the goal of changing the lives of millions of patients worldwide. Please visit the company’s website for more information at www.Eybna.com.
“Being in the Cannabis and CBD industries for over 10 years, I have came across only a handful of top tier terpene manufactures.” Stated Ben Martch President of We Are Kured. “On many levels, Eybana has shown itself to be a world leader through scientific research & customer experience.” Mr Martch continued, “we Are Kured can’t be more excited to team with such a high profile terpene provider.”
Mr. Carman Parente, president and CEO of New Age Farm commented, “We’re extremely pleased as to how quickly Ben and his team are ramping up the program with product development and marketing. We are reaching milestones much quicker than anticipated and being able to engage Eybna as one of our very first suppliers is truly encouraging and we are looking forward to meeting the next goal We Are Kured Team has in store.”
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 three agri-campuses in Washington State.
In November 2012, the Washington State Liquor and Cannabis Board (“WSLCB”) passed Initiative 502 (“I-502”) pursuant to a vote by the people of the State of Washington. 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 in compliance with state regulatory requirements,
New Age Farm’s facilities feature 24-hour security that enhances the safety and security of the community, our tenant-growers and their operations. All New Age Farm’s tenant-growers hold either Tier 2 or Tier 3 licenses allowing them to produce and / or process marijuana for sale at wholesale to marijuana processor licensees and to other marijuana producer licensees. A Tier 3 license allows for between ten thousand square feet and thirty thousand square feet of dedicated plant canopy while Tier 2 licensees can have up to ten thousand square feet of dedicated plant canopy. Revenue is generated on a base lease rate and the level of service that the tenant-grower requires for its production and / or its processing needs.
For further information about New Age Farm, please consult the Company’s profile on SEDAR at www.sedar.com.
On Behalf of the Board Of Directors
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.