December 12, 2017 – 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 updates on the Denver based acquisition of the We Are Kured hemp based CBD as announced on December 7, 2017.
We Are Kured has recently selected a top Denver based web design, social media advertising and cannabis company to undertake a full rebranding, to include website redesign and a large scale marketing launch of We Are Kured’s new look and brand. By partnering with this digital agency, We Are Kured believes that this partnership will become the driving force behind an industry changing e-commerce hemp based CBD marketing initiative. As an industry leader in hemp based CBD vaporizing, We Are Kured will leverage social media advertising, plus utilize search engine optimization and a pay-per-click campaign to put We Are Kured in front of its target demographics, which will include those who follow ultimate fighting, the cross-fit, millennial “mainstream” user, the reggae music aficionado, social media influencers and the “baby boomer” crowd.
Mr. Benjamin Martch, President of We Are Kured states that “We are a socially-minded hemp based CBD company comprised of forward-thinking innovators & influencers with the drive and wherewithal to constantly improve and grow. Our state of the art, single use ceramic vaporizer contains 250mg of uniquely formulated terpene infused compliant hemp based CBD oil. The ceramic vaporizer paired with the highest quality CBD oil is the first of many products to be introduced to worldwide consumers via social media advertising, celebrity endorsement as well as through traditional distribution channels.”
Mr. Carman Parente, president and CEO of New Age Farm commented, “This is a rapidly growing industry and, being able to deliver hemp based CBD oil to our target audience through We Are Kured’s platform and influencers, we are keen to educate our demographic and to put these products in consumers’ hands.”
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
For Further Information Contact
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.