Tauriga Sciences, Inc. Preparing for Multiple Major Upcoming Product Launches During This Current Operating Quarter
Additionally, the Company Continues to Realize Material Progress with Respect to its Two Ongoing Biotechnology Initiatives
NEW YORK, NY, July 22, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement” chewing gums (Flavors: Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as two ongoing Biotechnology initiatives, today confirmed that it is preparing for multiple major product launches during this current operating Quarter (July 1, 2020 – September 30, 2020) – 2ndFiscal Quarter of 2021. Over the course of the upcoming days and weeks, the Company will be both: launching its Rainbow Deluxe Sampler Pack (via its E-Commerce website: www.taurigum.com) and executing the national roll-out of its Tauri-Gum™ brand (in partnership with Mr. Checkout Distributors).
The Company has assembled a multi-faceted (influencer based) marketing program, to support the upcoming launch of its Rainbow Deluxe Sampler Pack (“Rainbow Pack”). The Rainbow Pack consists of One Blister Pack of each Tauri-Gum™ flavor (Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) and will be offered – exclusively on the Company’s E-Commerce website – at a price of $99.99
The Company is also working with great diligence, in preparation for the national roll out of its Tauri-Gum™ brand – in partnership with Mr. Checkout Distributors (“Mr. Checkout”). This national roll-out of Tauri-Gum™ will be supported by a national network of more than 1,100 independent Direct Store Delivery (“DSD”) Distributorsthat service approximately 200,000 stores and retail locations (“locations”) across the United States. These locations include major retail and convenience store chains with an emphasis on gas station convenience marts.
Link (Mr. Checkout/Tauri-Gum™): https://mrcheckout.net/tauri-gum/
Additionally, the Company continues to realize important and material progress with respect to its two ongoing Biotechnology Initiatives:
- The Development of a Pharmaceutical Grade version of Tauri-Gum™(specifically designed for patients undergoing chemotherapy treatment)
- The Collaboration Agreement with Aegea Biotechnologies Inc. to develop a rapid (nucleic acid based), multiplexed Novel Coronavirus (COVID-19) Test designed to exhibit superior performance
The Company expects to provide its shareholders with material updates (via press releases), over the course of both the short and intermediate terms.
Tauriga’s CEO Seth M. Shaw expressed, “The Company believes that these major upcoming product launches have the potential to be transformative – with respect to both revenue growth as well as the national prominence of its flagship Tauri-Gum™ brand. The Company continues to experience overall strength in its highest margin E-Commerce business segment, and in addition to that, is experiencing organic growth in its social media presence (i.e. Instagram Followers) and daily web traffic on its E-Commerce website. Equally exciting is the important progress that the Company has realized with respect to its two ongoing biotechnology initiatives. The Company is making important progress across the board and is looking forward to sharing this progress with both its shareholders and stakeholders.”
ABOUT TAURIGA SCIENCES INC.
Tauriga Sciences, Inc. (TAUG) is a revenue generating, diversified life sciences company, engaged in several major business activities and initiatives. The company manufactures and distributes several proprietary retail products and product lines, mainly focused on the Cannabidiol (“CBD”) and Cannabigerol (“CBG”) Edibles market segment. The main product line, branded as Tauri-Gum™, consists of a proprietary supplement chewing gum that is both Kosher certified and Vegan formulated (CBD Infused Tauri-Gum™ Flavors: Mint, Blood Orange, Pomegranate) & (CBG Infused Tauri-Gum™ Flavor: Peach-Lemon). The Company’s commercialization strategy consists of a broad array of retail customers, distributors, and a fast-growing E-Commerce business segment (E-Commerce website: www.taurigum.com). Please visit our corporate website, for additional information, as well as inquiries, at www.tauriga.com
Complementary to the Company’s retail business, are its two ongoing biotechnology initiatives. The first one relates to the development of a Pharmaceutical grade version of Tauri-Gum™, for nausea regulation (specifically designed to help patients that are subjected to ongoing chemotherapy treatment). On March 18, 2020, the Company announced that it filed a provisional U.S. patent application covering its pharmaceutical grade version of Tauri-Gum™. The Patent, filed with the U.S.P.T.O. is Titled “MEDICATED CBD COMPOSITIONS, METHODS OF MANUFACTURING, AND METHODS OF TREATMENT”. The second one relates to a collaboration agreement with Aegea Biotechnologies Inc. for the co-development of a rapid, multiplexed, Novel Coronavirus (COVID-19) test with superior sensitivity and selectivity.
The Company is headquartered in New York City and operates a regional office in Barcelona, Spain. In addition, the Company operates a full time E-Commerce fulfillment center located in LaGrangeville, New York.
DISCLAIMER — Forward-Looking Statements
This press release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 which represent management’s beliefs and assumptions concerning future events. These forward-looking statements are often indicated by using words such as “may,” “will,” “expects,” “anticipates,” believes, “hopes,” “believes,” or plans, and may include statements regarding corporate objectives as well as the attainment of certain corporate goals and milestones. Forward-looking statements are based on present circumstances and on management’s present beliefs with respect to events that have not occurred, that may not occur, or that may occur with different consequences or timing than those now assumed or anticipated. Actual results may differ materially from those expressed in forward looking statements due to known and unknown risks and uncertainties, such as are not guarantees of general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to consummate successful acquisition and licensing transactions, fluctuations in exchange rates, and other factors over which Tauriga has little or no control. Many of these risks and uncertainties are discussed in greater detail in the “Risk Factors” section of Tauriga’s Form 10-K and other filings made from time to time with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release, and Tauriga assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. You should not place undue reliance on these forward-looking statements.