True Leaf Announces First Distribution Agreement in Asia with Eagle Vet
June 12 2019 - 6:00AM
True Leaf Brands Inc. (“True Leaf” or the “Company”) (CSE: MJ)
(OTCQX: TRLFF) (FSE: TLA), a leading global cannabis and hemp
wellness brand for pets, announced that on May 23, 2019, it signed
a non-binding Memorandum of Understanding (“MOU”) with
international pet care distributor Eagle Vet, launching True Leaf’s
expansion into the Asian market.
Eagle Vet distributes pet healthcare products to
more than 20 countries in South East Asia, Africa, and the Middle
East. Under the terms of the agreement, Eagle Vet will initially
introduce True Leaf products to the expanding Korean pet care
market, which is estimated to grow to $4.8 billion USD by 2020
(Statista). Eagle Vet distributes to 5,000 retail stores and
veterinary clinics in Korea, and to Coupang and Interpark, two of
Korea’s largest e-commerce sites.
“We are excited to announce this agreement with
Eagle Vet,” said Darcy Bomford, Founder and Chief Executive Officer
of True Leaf. “Today’s announcement speaks to the level of trust
True Leaf has built in the global marketplace and the international
recognition we’ve achieved as a leading hemp-for-pets brand.”
True Leaf products use an innovative formula of
active ingredients – anchored by hemp – to target specific pet
health challenges such as calming support, hip and joint function,
and the supplementation of omega-3s. The Company’s advanced
formulas were developed by a team of pet industry veterans with
200+ years of collective expertise in making supplements for pets
and are currently available at more than 3,500 retail stores
worldwide.
True Leaf products are also available online at
www.trueleaf.com.
About True Leaf
True Leaf is a leading global cannabis and hemp
wellness brand for pets. Inspired by the unconditional love our
pets give us every day, we return that love through our wellness
pet products which help maintain and protect the natural vitality
of our pet companions. “Return the Love” is the purpose that drives
our business and is at the heart of our values to bring happiness
to pets and their owners.
www.trueleaf.com
Media Contact:
Paul Sullivan Director, Public
RelationsPaul@trueleaf.comO: 604-685-4742M: 604-603-7358
Investor Contact:
Kevin Bottomley (Canada)Director and Corporate
RelationsKevin@trueleaf.comM: 778-389-9933
Phil Carlson (US)KCSA Strategic Communicationspcarlson@kcsa.com
O: 212-896-1233
Scott Eckstein (US)KCSA Strategic
Communicationsseckstein@kcsa.com O: 212-896-1210
Follow True Leaf Twitter:
@trueleafpet Facebook: True Leaf PetInstagram: @trueleafpet
Forward-Looking Statements
This news release contains forward-looking
statements and management may make additional forward-looking
statements in response to your questions. Such written and oral
disclosures are made pursuant to the Safe Harbor provision of the
Private Securities Litigation Reform Act of 1995 and True Leaf
hereby claims such safe harbour protection for all forward-looking
statements. True Leaf believes that the expectations reflected
in such forward-looking statements are based on reasonable
assumptions; however, True Leaf’s actual results and performance
and the value of its securities could differ materially from those
set forth in the forward-looking statements due to the impact of
many factors summarized in the "Risk Factors" section of True
Leaf’s Offering Circular Form 1-A filed with the U.S. Securities
and Exchange Commission and Canadian securities regulatory
authorities and other discussions of risk factors contained in True
Leaf’s periodic filings or supplements to the offering circular.
True Leaf's Offering Circular Form 1-A can be found at
ir.trueleaf.com. Forward-looking statements speak only as of the
date they are made. True Leaf undertakes no obligation to update or
revise any such information for any reason after the date of this
presentation unless required by law.
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