New Leaf Ventures to Bring New Brands to Washington State
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) has signed a Letter of Intent (LOI) for exclusive licensing rights in Washington State with JBS Ventures LLC, a cannabis distribution firm. This partnership enables New Leaf USA, its subsidiary, to source, manufacture, distribute, and market select brands from JBS. Stash House Distribution, a leader in Oklahoma's cannabis sector, will leverage its distribution expertise and proprietary software to enhance operations in Washington. CEO Robert Colwell emphasized the significance of this deal for expanding brand presence in the cannabis market.
- Secured exclusive licensing rights in Washington State for cannabis distribution.
- Partnership with a leading distributor in Oklahoma enhances operational capabilities.
- Potential for growth as the partnership aims to introduce national brands.
- None.
VANCOUVER, British Columbia, June 14, 2022 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing, and accelerating advanced stage operations in the North American Cannabis sector, wishes to advise that its wholly-owned subsidiary, New Leaf USA, Inc. (“New Leaf USA”) is pleased to announce it has entered into an LOI to obtain exclusive licensing rights within Washington State with JBS Ventures LLC, developers of “Stash House Distribution,” an Oklahoma based cannabis distribution company.
The announcement today, encompasses exclusive rights to source, manufacture, distribute, and market select brands and products that JBS Ventures has rights to. The agreement will allow New Leaf USA to bring these new national brands into Washington State.
Stash House Distributions (www.stashhousedistro.com) main goal is to streamline the distribution process of supplying legal cannabis. With history and knowledge of the logistics of the distribution industry that they have gained from operating Oklahoma's largest distribution companies, they look to bring this expertise to Washington State. Stash House founders and its software platform come from the liquor and beverage industry. As the largest legal cannabis distribution company in Oklahoma State, Stash House allows dispensaries the benefit of the most frequent deliveries and routes in the state, with consistent deliveries, and a wide selection of products that they have exclusive access to like Cheeba Chews, Mary's Medicinals, The Clear, as well as several others. Stash House aims to simplify the distribution of legal cannabis while bringing customers the best products and service.
Robert (Dax) Colwell, CEO, New Leaf USA & Director, New Leaf Ventures Inc. comments, “Exclusive distribution rights for these select nationally recognized brands in our region is truly momentous for us and adds star power to New Leaf’s House of Brands concept. The founders of Stash House have a long-standing history of successful distribution with their proprietary methods. We look forward to introducing new national brands to consumers in Washington as quickly as possible. With Stash House’s vast experience in distribution and their proprietary distribution software platform we will be able to bring a new level of service and a large house of brands to the Washington market. Furthermore, the partnership has great upside to the potential future of national distribution as we get closer to nationwide legalization.”
About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)
New Leaf Ventures Inc. is developing a cannabis sector-based scalable concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, real property, intellectual property and equipment for lease, certain administrative services and other ancillary services to a Washington-based Tier 3 Processor focused on processing, packaging, and distributing cannabis and cannabis related products. Find out more at: https://newleafventuresinc.com/.
For consumer interest visit: https://www.damawashington.com/ and https://damalife.com/.
For further information, please contact:
New Leaf Ventures Inc.
Investor Relations
Tel: +1 (778) 930-1321
Email: investors@newleafventuresinc.com
Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
FAQ
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