Tauriga Sciences Inc. Receives Initial Tauri-Gum Purchase Order from California Based Specialty Grocer — Erewhon Market
Launch with Erewhon Market is Anticipated for April 2020 and Establishes Tauri-Gum™ as a Significant Brand in the Los Angeles Marketplace
Los Angeles, California, Feb. 28, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating Company that operates through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and equity investments, today announced that it has received an initial purchase order (“order”) from Southern California based specialty grocer – Erewhon Market (“Erewhon”). This substantial initial order was placed for all 3 flavors of the Company’s flagship product: Tauri-Gum™. The Company expects that its launch with Erewhon will take place during April 2020 and that Tauri-Gum™ will be available at each of the 5 distinct Erewhon locations (Calabasas, Santa Monica, Pacific Palisades, Los Angeles, and Venice). The Company will allocate the requisite level of marketing resources to this relationship, to help build brand awareness and customer loyalty throughout the Erewhon network.
Link to Erewhon Market Website: www.erewhonmarket.com
Vito Antoci, Vice President of Brand Development – Erewhon Market, expressed, “We are excited to carry Tauri-Gum™ as our first hemp chewing gum and look forward to a successful long-term relationship with Tauriga Sciences Inc.”
Tauriga’s CEO Seth M. Shaw commented, “The Company has worked with great determination over the past 2+ years, to build an outstanding product of the highest quality. Erewhon Market is an extremely successful specialty grocer in the Los Angeles area and an important partner in enhancing the value and profile of the Tauri-Gum™ brand. Through this valuable relationship, the Company will have the opportunity to build a long-term potential base of recurring revenue while simultaneously – establishing Tauri-Gum™ as a significant brand in the Southern California marketplace.”
ABOUT TAURIGA SCIENCES INC.
Tauriga Sciences, Inc. (TAUG) is a revenue generating Company that operates through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities. One such opportunity on which the Company has acted, involves the Company having entered into the cannabidiol (or “CBD”) infused chewing gum product business, as more fully described above and in prior press releases. This CBD infused chewing gum product has been branded under the following name: Tauri-Gum™. The Company is currently in production of three distinct flavors of Tauri-Gum™: MINT, BLOOD ORANGE, and POMEGRANATE. On December 6, 2019 the Company announced that it completed the initial production run (thereby expanding its existing product lines) with the introduction of a 25mg Vegan CBD Isolate Infused vegan gummy (“gum drop”), branded under the name: Tauri-Gummies™. Further, the Company continues to identify and evaluate additional potential opportunities to generate revenue, as well as shareholder value, and leverage its resources and expertise to build a diversified and sustainable business model. Please visit our corporate website at www.tauriga.com.
The Company has also announced the development of a Cannabigerol (“CBG”) Isolate infused version of Tauri-Gum™. The flavor that has been selected is Starfruit/Peach and each piece of gum will contain 10mg of CBG Isolate / Each blister pack will contain 80mg of CBG Isolate. The Company expects to commence production during its 4th Fiscal Quarter of 2020 (January 1, 2020 – March 31, 2020).
In addition, on March 11, 2019, the Company announced the official launch of its E-Commerce site – as part of its Tauri-Gum™ commercialization strategy. This site can be accessed by visiting the following URL address: www.taurigum.com
The Company has established corporate offices in both New York City (USA) and Barcelona (Spain).
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.