Redwood City’s First Licensed Cannabis Delivery Company Expands
Redwood City’s First Licensed Cannabis Delivery Company Expands
Juva Delivery™ Extends Service Areas for the San Francisco Peninsula and Adds Contactless Pre-pay Option
San Jose, Calif. – July 31, 2020: Juva Delivery, a division of vertically-integrated Juva Life, Inc., is expanding its service areas this week. The company offers white-glove service across the greater parts of Santa Clara and San Mateo counties. Located at the heart of the San Francisco Peninsula, this location brings legal cannabis delivery to an underserviced area where surrounding cities have yet to adopt commercial cannabis activity.
Juva Delivery will add Brisbane, Colma, Daly City, South San Francisco, and Broadmoor to the north, and Los Altos, Cupertino, Sunnyvale, West Santa Clara, and Loyola to the south.
The company began service to San Bruno, Burlingame, San Mateo, Foster City, Hillsdale, Belmont, San Carlos, Redwood City, Atherton, Menlo Park, Palo Alto, Woodside, Portola Valley, Los Altos Hills, Millbrae, and Mountain View in late January 2020. Since opening, Juva Delivery has seen double-digit sales growth week-over-week. In addition to their Redwood City location, Juva Life has received state approval for cannabis delivery in Stockton, CA, and is locally approved for delivery and storefront retail in Hayward, CA.
A cannabis retail industry veteran, CEO Doug Chloupek stated, “Our Redwood City location has been well received on the Peninsula and continues to receive stellar customer reviews. We’ve also forged incredible relationships with specific business groups including the Redwood City Chamber of Commerce, and the San Mateo County/Silicon Valley Convention and Visitors Bureau. Our Redwood City team did an incredible job during ‘shelter-in-place’, and they are looking forward to serving more customers on the Peninsula.”
Ever mindful of customers’ health, comfort, and well-being, Juva Delivery now offers contactless pre-payment options through Paytender, a secure, fee-free online payment service.
John Hutar, President of the San Mateo County/Silicon Valley Convention and Visitors Bureau, noted, “Juva Delivery was the first cannabis company to join the Convention and Visitors Bureau. They’ve been very proactive and responsive to the needs of our other members, including co-hosting an informative webinar with us and offering discounts to hospitality industry staff furloughed during the shutdowns. We are thrilled they are continuing to grow.”
ABOUT JUVA LIFE™
Juva Life is vertically integrated and consists of six divisions: Juva Cultivation, Juva Research, Juva Manufacturing, Juva Distribution, Juva Retail, and Juva Delivery. Each division plays a crucial role in its overall goal of helping people feel better. Founded by pioneers in the science and industry of cannabis, and guided by a team of highly-acclaimed medical professionals, Juva Life is committed to bringing a higher level of information, truth, and transparency to the marketplace. Juva Life’s core focus is improving the well-being of its customers and team members alike by providing the highest-quality cannabis products and educational resources to make positive lifestyle choices. They are proud to be a people-first organization, with deep roots in the local community. You can learn more at www.JuvaLife.com and www.ShopJuva.com. Juva Delivery (Redwood City) is a BCC-licensed delivery service: C9-0000289-LIC.
Disclaimer:
This news release is not an offer to purchase securities or offer to sell securities and should not be construed as such. It contains forward-looking statements, including statements regarding our product development, business strategy, and product offering. Such statements and other statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition and market value could be materially negatively affected. In some cases, forward-looking statements can be identified by terminology including “anticipated,” “contemplates,” “goal,” “focus,” “aims,” “intends,” “believes,” “can,” “could,” “challenge,” “predictable,” “will,” “would,” “may” or the negative of these terms or other comparable terminology. We operate in a rapidly changing environment and new risks emerge from time to time. As a result, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that we may make. Except as expressly required by law, Juva Life disclaims any intent or obligation to update these forward-looking statements.
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Contact: Heidi Minx
press@juvalife.com
Investor Update 7/14/2020
Division and Facilities Progress
As mentioned in our last update, our Redwood City delivery service was deemed ‘essential’ under the California Governor’s stay-at-home executive order. Since commencing operations, Juva Delivery has seen double-digit growth week-over-week and will be expanding to service eleven additional cities on the Peninsula during Q3 2020. In late June, Juva was the first cannabis business to present to the members of the San Mateo County/Silicon Valley Convention and Visitors Bureau as well as regional elected officials. It marked the Visitors Bureau’s first foray into ‘Cannabis + Tourism’ and was well-received.
Juva Life’s state-of-the-art facility in Stockton, CA is in its final stages of construction. The offices are near completion and upon being issued a certificate of occupancy by the City, Juva Delivery will commence services within the Stockton area. The Company has been granted the necessary delivery licenses by the city of Stockton and the State of California. We anticipate commencing operations in September 2020.
The Stockton facility has also been designed to house seven cultivation rooms which will come online in phases. The first two rooms are expected to complete construction and receive their final inspections in late Q3 2020. Juva is expecting to commence cultivation during Q4 of 2020 and realize its initial harvests in Q1 of 2021. The initial two rooms alone have the capacity to produce 200 pounds of cannabis approximately every 32 days. Juva is also currently in discussions with major customers to contract the sale of our initial harvests.
Public Listing
Our preliminary prospectus has been filed with the British Columbia Securities Commission (“BCSC”). We are currently in the comments phase and hope to have formal approval in the coming weeks to commence trading on the Canadian Securities Exchange (“CSE”). Juva has also concurrently filed for a direct listing for the US markets. Once complete, this direct listing will allow Juva to trade directly on the OTC market in the US as well.
While our internal team has remained focused on completing the necessary steps towards our public listing, our initial timeline was delayed as COVID-19 slowed the response from regulatory agencies.
During the COVID-19 shutdown, our Transfer Agent was unable to send out any DRS statements. However, that service has recently been reinstated and the last of the statements are currently being delivered. These statements detail your investment in Juva Life and will allow your broker to electronically trade your Juva Life stock once our listing is approved.
Silicon Valley Magazine’s You can read the full story here.
We are extremely excited to see our efforts yielding results. We continue to build the business and strive to deliver long-term growth and shareholder value. We appreciate your patience and continued support of our vision.
CEO Candid
Juva Life’s CEO, Doug Chloupek, sat down with Jim Gordon for CEO Candid and explained Juva Life’s vertical integration and dedication to the scientific study of cannabis as a therapeutic.
