EastWest Bioscience’s Consumer Goods Division Launches New Innovative Food Brand Earth’s Menu with Nationwide Distribution
Not For Distribution to U.S. Newswire Services or For Dissemination in the United States
Vancouver, British Columbia (FSCwire) - EastWest Bioscience Group (the “Company”
or “EastWest”) (TSX.V: EAST) is excited to announce the Company’s launch of its innovative hemp food brand
Earth’s Menu, with the brand’s premiere whole hemp product Hemp Harmony Hemp Seeds. Hemp
Harmony Hemp Seeds uses hemp that is locally-sourced in British Columbia and will kick-off an extensive range of hemp-based
healthy food products under the Earth’s Menu brand. The launch is a significant milestone as it cements the Vancouver-based brand
as one of the very few food companies to offer a wide-selection of food products focused on hemp, providing the Company with a
defining leader status in the rapidly-growing natural foods market and hemp industry.
The natural foods industry continues to grow as market trends show worldwide consumers are becoming increasingly invested in
purchasing consumer goods that are considered healthy and natural. This growing interest includes hemp-based foods, such as the
food items set to launch under the Company’s Earth’s Menu brand, which have become significantly more commercialized than before.
A 2018 research and markets report predicts
the global hemp-based food market to grow with a CAGR of 7.5% over the forecast period of 2018-2024. EastWest aims to continue
the expansion of its successful consumer goods division with its hemp foods brand Earth’s Menu starting with Hemp Harmony Hemp
Seeds. The Company plans to follow up the milestone launch by forging lucrative partnerships with leading retailers and
distributors in Canada, as has been done with the Company’s multiple brands before, following Earth’s Menu premiere release.
ABOUT EARTH’S MENU
Earth’s Menu is a hemp-based foods brand manufacturing and distributing premium health products for active customers. Since it
was founded in 2017, the organization continues to innovate and produce healthy hemp-based foods to support a free-spirit
lifestyle on the go.
About EastWest BioScience Group
EastWest Bioscience is a seed-to-sale organization that offers world class manufacturing and premium hemp-based consumer
goods. Since it was founded in 2016, EastWest continues to grow as a high-quality producer, manufacturer and distributor of
multiple lines of premium hemp products. EastWest is strategically positioned in mainstream consumer markets with wholistic
natural products and has developed distribution channels into mainstream stores and markets in Canada. The Company has a Health
Canada licensed, GMP (Good Manufacturing Practices) certified manufacturing facility and produces premium brands offering natural
products for a preventive care lifestyle. EastWest consumer product lines are divided into four distinct brands: 1) Natural
Advancement – natural biopharmaceutical health supplements; 2) Earth’s Menu – all-natural hemp superfoods; 3) Natural Pet Science
– pet food and pet supplements; and 4) Chanvre Hemp – all-natural health and beauty products. The organization will continue to
focus on ongoing development of innovative, hemp-based consumer products through advanced science with clean, natural ingredients
to complement its current product offerings.
ON BEHALF OF THE BOARD OF DIRECTORS
EASTWEST BIOSCIENCE GROUP
“Rodney Gelineau”
Co-Founder, Chief Executive Officer and Director
For further information, please visit www.eastwestscience.com or contact EastWest
at 1-800-409-1930 or investors@eastwestscience.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statement Caution
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the
development of EastWest’s business, products and future plans. In this news release, words such as “may”, “would”, “could”,
“will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof
are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future
performance will be achieved. Forward-looking information is based on information available at the time and/or the Company
management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions
and other unpredictable factors, many of which are beyond the Company’s control. Readers are cautioned to not place undue
reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these
statements depending on, among other things, the risks associated with EastWest’s business as disclosed in the Company’s most
recently filed MD&A. The statements in this news release are made as of the date of this release. The Company undertakes no
obligation to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws.
To view the original release, please click here
Source: EastWest BioScience Group (TSX Venture:EAST)
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