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Be the first with the news that moves the market- Cannabis company, Yield Growth (CSE:BOSS) is now accepting Canadian pre-orders for its Urban Juve hand sanitiser spray online
- Manufacturing of the product will begin in Canada by the end of this month
- Yield Growth expects to start shipping the sanitiser spray in May
- The company intends to donate 1,000 units from its first production batch to healthcare workers on the COVID-19 front lines
- Yield Growth Corp (BOSS) is down 10.81 per cent, and is currently trading for $0.16 per share
Cannabis company, Yield Growth (CSE:BOSS) is now accepting Canadian online pre-orders for its Urban Juve hand sanitiser spray.
The company will start manufacturing the hand sanitiser sprays in Canada by the end of April. Yield Growth expects that it will start shipping out the products in May.
Urban Juve, one of Yield’s most popular brands, received Health Canada’s approval for two hand sanitiser products earlier this year. One would come as a liquid spray, while the other would be in a gel form.
Health Canada recently had to relax and fast-tracked its approval process for such products, due to the COVID-19 pandemic.
The demand for hand sanitisers has skyrocketed since the health crisis swept the globe, emptying store shelves of the product. This year, sanitiser sales are likely to reach around C$15 billion, a 600 per cent increase on last year.
It is also likely that in a post-COVID world, alcohol-based hand sanitisers will become a standard household good. In the next five years, Aritzon predicts that the hand sanitiser market will grow at a compound annual growth rate of over 17 per cent.
Yield Growth’s Chief Operating Officer, Tamara Melck, commented on the unprecedented circumstances that brought the pre-order date forward.
“Given the urgent need for this product to help combat the spread of COVID-19, our team moved mountains to bring it to market in record time.
The team’s passion and heart for getting more sanitiser into the hands of those who so desperately need it galvanised their hard work and tireless efforts. We are all proud and grateful to play even a small role in keeping people healthy and safe during this crisis,” she said.
Yield Growth intends to donate 1,000 units from its first production batch to healthcare workers on the COVID-19 front lines.
Yield Growth Corp (BOSS) is down 10.81 per cent and trading for $0.16 per share, as of 3:03pm EST.
