Toronto, Ontario, Canada, April 1, 2022 (GLOBE NEWSWIRE) — Yooma Wellness Inc. (“”Yuoma“) (CSE: YOOM, AQSE: YOOM) is a global vertically integrated wellness platform that develops and sells portfolios of CBD and wellness brands, and the success of our wholly owned subsidiary Vitality CBD and its broad product range. Announced. Listed on the CBD’s Novel Food Approval List by the British Food Standards Authority (FSA).
Improved compliance in this sector is welcomed by companies that help ensure that only fully compliant products are available for purchase. Anything that is not on the FSA’s CBD Novel Food Register must then be discontinued in the UK.
Philip Grin, Commercial Director of Vitality, said: “After 18 months of work and investment, Vitality CBD is pleased and proud to be on the public list of novel foods. This is an important milestone for the company and is the most trusted in the UK. It adds even more credibility to being one of the CBD brands. “
Yooma CEO Jordan Greenberg, Said: “Yesterday’s FSA update is welcome news and we are closer than ever to full approval of Vitality’s products. Yooma’s position as a manufacturer and distributor of vertically integrated CBD products. Means that we are in a good position to harness the growing demand for these products across the UK and Europe. Receive the results of the Toxicology Report and keep our shareholders informed of future progress. I’m looking forward to it. “
About Vitality CBD Limited
Vitality CBD is the UK’s most widely stocked CBD brand, with products sold at domestic retail stores such as Boots, Tesco, ASDA and Lloyd Pharmacy. Vitality CBD is also well known for e-commerce retailers such as Amazon, eBay, Very & Octado. The Vitality CBD product portfolio has over 60 SKUs including oils and sprays of various flavors and strengths, edible products, and a series of specially developed and formulated CBD skin care cosmetics.
About Yooma Wellness Inc.
Yooma’s mission is to build a vertically integrated global leader in the manufacture, marketing, distribution and sale of wellness products containing hemp seed oil and hemp-derived and cannabinoid (CBD) ingredients. The company leverages strategically selected sales channels and e-commerce networks to offer a variety of wellness products through its operating subsidiaries in the United States, United Kingdom, France and Japan. For more information, please visit www.yooma.ca.
Phone number: 1-512-823-1678
Notice regarding forward-looking statements
All information contained in this press release, with the exception of historical facts, contains information about future finances or performance, as well as other statements that represent management expectations or estimates of future performance. Configure. Information or forward-looking statements (Generally, “description about future prospects”) Within the meaning of applicable securities law, Current Expectations, estimates, forecasts. Forward-looking statements are included to provide information about management’s current expectations and future plans.Whenever possible, the following words “Will”,”growth” Or the negation of these words or other variations are used to identify such positive ones. statement.. Specific forward-looking statements include, but are not limited to, all disclosures regarding: the Potential Impact of Being or Not Listed in the FSA’s CBD Novel Food Register, And that Expected growth Demand for CBD products across the UK and Europe.
There are many risks and uncertainties that may affect forward-looking statements. This includes, among other things, the regulatory risks in each jurisdiction in which Yooma and its subsidiaries do or plan to do business. COVID-19 Pandemic Uncertainty, Impact, and Response. Reliance on licenses; competition; reliance on senior management and key personnel. General business risks and responsibilities; CBD industry regulations; changes in laws, regulations and guidelines. Compliance with the law; Limited operational history; Unfavorable advertising or consumer awareness; Product liability, risks associated with intellectual property. Product recall.Difficulty of prediction; Growth management; Litigation; Changes in demand CBD and wellness products; competition; changes in the relationship between Yooma and its subsidiaries and their commercial partners. And other risks. The forward-looking statements contained herein reflect management’s current beliefs and reasonable assumptions based on the information available to management as of today, but Yooma does so with actual results. I’m not sure it matches the information about the future outlook. Yooma warns against undue reliance on such forward-looking statements. Yooma disclaims any intention or obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by applicable law. Nothing in this document should be construed as an offer to sell or solicit to buy or sell Yooma’s securities.
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Yuma Wellness Offers Vitality CBD Novel Food Update, Canadian Business Journal
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