Yield Growth Receives Health Canada Approval for Hand Sanitizer in Fight Against Coronavirus COVID-19
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2020) - The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) ("Yield Growth") announces that Health Canada has granted approval for Urban Juve's liquid hand sanitizer to be manufactured in Canada. This approval was earned on March 27 2020 from Health Canada's Natural and Non-prescription Health Products Directorate (NNHPD), issuing Product License NPN 80097926.
Yield Growth Receives Health Canada Approval for Hand Sanitizer in Fight Against Coronavirus COVID-19
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The approval was granted within one week of the application being submitted. This fast track approval will allow Urban Juve to complete an initial manufacturing run more quickly than the estimated 60-day schedule announced last week.
To protect against coronavirus disease 2019 (COVID-19), the Center for Disease Control advises to clean hands often with soap and water for at least 20 seconds, or if soap and water are not readily available, to use a hand sanitizer with at least 60% alcohol.
Urban Juve's natural hand sanitizer liquid spray contains 65% alcohol, which is in line with Health Canada guidelines, and also has a refreshing and clean blend of peppermint, lavender and orange peel oils, all of which are known for their disinfecting properties and their ability to promote optimum skin health.
"We hope to have our hand sanitizer for sale direct to consumers on UrbanJuve.com within the next 30 days. This launch is a part of our efforts to meet the enormous and growing market demand for hand sanitizers as we battle the coronavirus in Canada," said Penny White, CEO of Yield Growth.
According to Reportsnreports.com, the global market for hand sanitizers is anticipated to reach $5.5 billion by 2024, up from $2.4 billion in 2017. CNBC also reported that sales of hand sanitizers increased by 470% in the first week of March this year compared to the same week a year earlier.
Fior Markets also reported that sanitizers from both pharmacies and supermarkets, as well as those available from online e-commerce channels such as Amazon and Flipkart are out of stock or for sale at inflated prices.
"I'm so impressed with the speed and efficiency with which Health Canada handled our application," said White. "It's comforting to see governments taking fast action on this crisis, and we are tremendously thankful to all of the policy makers in Canada and all around the world who are working tirelessly to come up with policies to fight the health and economic crisis at hand."
All packaging and raw materials have been secured for the initial production run.
"We are also currently developing a gel hand sanitizer and intend to file a second Health Canada application shortly as well as an application with the FDA so that we will also be able to sell hand sanitizer in the United States," said White.
"A time of crisis can be more than just a time of anxiety and worry. It is also an opportunity, a chance to make a difference and provide a solution to the world that has significance," says Bhavna Solecki, Yield Growth Director of Product Research. "We are committed to putting these products into the hands of all the brave and committed Canadians who are working to keep our food stores and pharmacies open, as well as the front line workers and care aides looking after elderly."
Yield Growth intends to donate a portion of the hand sanitizers that it manufactures to workers on the front line. Yield Growth has already been donating self care products to front line workers with over 500 products delivered to seniors centers in the immediate area.