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.

One of Juva Life’s cultivation rooms in Stockton, California

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.

As we grow, we continue to reevaluate our strategic directives to ensure that they align with our vision and mission. We invite you to watch Juva Life’s CEO, Doug Chloupek, in this video when he sat down with Jim Gordon for CEO Candid. In the video, Doug explains Juva Life’s vertical integration as well as its dedication to the scientific study of cannabis as a therapeutic. Also in the press was our COO, Neil Ruditsky, who contributed to Silicon Valley Magazine’s Hope issue alongside of Governor Gavin Newsom, Ralph Lauren, and other business luminaries; Neil addressed the importance of cannabis being deemed essential in relation to COVID-19. 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.


Investor Updates: 3/24/2020

We wanted to share an update with our shareholders as we understand that, next to health and safety, your investments are top-of-mind as the equity markets have been affected by the current global status of COVID-19. 

Our internal team remains focused on completing the necessary steps towards our public listing.  We anticipate that our preliminary prospectus will be filed with the British Columbia Securities Commission (“BCSC”) within the coming weeks and, subject to the necessary approvals, we intend to file our listing applications on the Canadian Securities Exchange (“CSE”) and the US OTC Exchange. 

The BCSC and CSE have both confirmed that, as of now, they will remain operating in order to service and support issuers and prospective issuers during the current global crisis.  We do expect some delays during this process but remain focused to complete the necessary filings in a timely manner.

We also wanted to share news about Juva’s first active license, Juva Delivery in Redwood City, CA.  California’s ‘shelter-in-place’ ordinance had been implemented at a county-level before it became a state-directed mandate.   Juva Delivery was granted the necessary regulatory approvals to operate as cannabis was deemed medically necessary. In an interview by industry news leader, MJ Biz Daily, Juva’s CEO Doug Chloupek commented “Demand has increased exponentially… I have not had to furlough or lay off any employees. For that matter, we’ve been able to expedite the hiring of two new employees as of today.”

Juva Delivery has also commenced a strategic advertising campaign that launched earlier this week which consists of print ads debuting in regionally-targeted campaigns.  As a result, Juva is the first cannabis company permitted to advertise in Modern Luxury’s exclusive Silicon Valley Magazine.

Another first for a cannabis business, Juva Delivery is now a member of the San Mateo County Convention and Visitors Bureau.

On Friday, Doug was featured in an interview with ForbesWe encourage you to read the article and learn a little bit more about Doug’s history and vision. 

Interestingly, it was Forbes that led to the hire of the newest member of Juva’s executive team.  After reading an interview with marketing professional Heidi Minx, Doug knew he had found the ideal person to lead Juva’s initiatives.  In early January, Minx was appointed as the Vice President of Marketing.

Doug noted, “We’re fortunate to have been able to add Heidi to our team. She is well respected in the cannabis space and has strong connections with both legacy operators as well as those that are newer to the industry.  Heidi’s work has given her incredible insight into the regulations that have evolved over the past few years and the nuanced compliance this industry requires. It’s rare to find such a seasoned marketing professional that understands the respective audiences a cannabis business today must communicate with.”

Minx will oversee the strategic launches and ongoing marketing efforts for Juva Cultivation, Juva Research, Juva Manufacturing, Juva Distribution, Juva Retail, and Juva Delivery.  We encourage you to read more about her in the Forbes interview that inspired Doug!

From all of us at Juva, we wish you all the best with health, family and loved ones during these difficult times.


Forbes (3.20.20) Doug Chloupek Founder/CEO Of Juva Life ​Digs Deep Into 2020

“Within a year of opening my first dispensary, I quickly learned what I was supposed to (and so many before me have), cannabis is real medicine and we needed real science. Since there were no viable options, I set out to create a business to facilitate research and science around the manufacturing of cannabis formulations. I began that work in 2016 and opened the first licensed manufacturing business in Berkeley, California. I’ve since sold that along with my other businesses, and diligently worked to raise funds from a diverse, wide base, and have gathered an incredibly respected team of clinical researchers, scientists, and operations specialists. Together, we’re embarked on building one of the most formative cannabis companies that is bridging the gap between cannabis and science.”

Read the full article by Warren Bobrow here.


Juva Life Closes Reg A+ Offering and Prepares for IPO

We are happy to announce that Juva Life has raised just over $17.5M USD from approximately 3,000 individual investors through its Regulation A+ offering that was qualified by the U.S. Securities and Exchange Commission (SEC) on August 21, 2019. Juva Life is one of the first cannabis companies to complete a Reg A+ filing with the SEC.

Under the offering, Juva will have issued approximately 35M units at a price of $0.50 USD per unit. Each unit is comprised of one common share of Juva stock and one half Juva share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share of Juva stock at $0.75 USD per share for 18 months following the date of issuance.

The units issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.

Our Transfer Agent Odyssey Trust is preparing to send physical communication through traditional postal service at the time of this writing. The communication will include a DRS statement of ownership along with a valid Warrant Certificate.

Juva Life’s CEO, Doug Chloupek, said, “My dedicated team of scientists, researchers, operations specialists, and executive team are already in full swing. We are collectively motivated to know that such a large number of people believe as firmly as we do that cannabis is indeed an incredible gift and one whose medical applications deserve the attention of the scientific community. It’s time to ‘demystify’ cannabis’ many healing applications and share that with people.”

Juva Life is in the process of completing its 2019 audit and intends to file its non-offering prospectus with the British Columbia Securities and Exchange Commission (BCSC) in the coming weeks. Once Juva Life’s prospectus is cleared by the BCSC, the company will apply for both a listing on the Canadian Securities Exchange (CSE) and a dual listing on the OTC Markets in the US as a foreign issuer.

While Juva Life is vertically integrated, its strategy is cyclical and forward-moving. Juva Life’s founder, industry veteran Doug Chloupek, is aware of the limits facing California companies not fully vertically integrated — it forces them to be beholden to other companies for critical parts of their supply chain. By controlling cultivation, processing, distribution, and retail (through delivery and brick and mortar retail locations), Juva Life, when fully operational, will have limited its vulnerability and lowered middleman costs, effectively boosting margins.

Juva’s ultimate goal is to engage in the research and development necessary to create new and novel plant-based formulations that are the result of carefully designed scientific research. It hopes to provide a bridge to critical information previously hampered by cannabis’ Schedule 1 status.

Juva has various leased properties with a total of 10 local licenses (one State-approved) throughout one of the United States’ most progressive and affluent regions: the San Francisco Bay, Silicon Valley, and the Central Valley.

Redwood City delivery is fully licensed and operational and transacted its first sale in the second week of January. With a full staff and dedicated vehicles, marketing has begun and is building on the company’s already-existing strong community relationships. As the first operational, licensed delivery company in Redwood City, Juva Delivery has a six-month lead time advantage over the other five license holders. This location will deliver from San Bruno to Mountain View.

Stockton/San Juan is simultaneously in the first and second of three planned phases. Phase one includes the buildout of the front-of-house offices, as well as the distribution and delivery areas, all efficiently housed in one facility. Juva is targeting to have delivery and distribution operational in this facility by mid-2020. Phase two includes the build-out of the first three cultivation rooms; the goal is to begin planting in these rooms by July 2020, with the first harvests occurring in September 2020.

Hayward’s interior demolition is complete and Juva is currently awaiting approval on the installation of the facility sprinkler system, which, once completed, will allow Juva to begin utilization of its existing Class 5 cleanroom for important R&D work. Once fully constructed, Hayward will be ready for cultivation, manufacturing, retail, and distribution under Juva’s locally-approved microbusiness license. This location will also house a flagship retail store, currently under design, as well as provide space for patient consultations with qualified, medical staff.

Juva’s flagship facility in Hayward, CA.

Disclaimer

IMPORTANT: YOU MUST READ THE FOLLOWING INFORMATION 

The information contained in this communication (this “Communication”) has been prepared by Juva Life Inc. (“Juva” or the “Company”) and contains information pertaining to the business, operations and assets of the Company. The information contained in this communication (a) is provided as at the date hereof and is subject to change without notice, (b) does not purport to contain all the information that may be necessary or desirable to fully and accurately evaluate the Company and (c) is not to be considered as a recommendation by the Company that any person make an investment in the Company. The Company, it’s subsidiaries and affiliates, and any of its shareholders, directors, officers, agents, consultants, advisors or employees do not make any recommunication or warranty, express or implied, as to the accuracy, completeness or thoroughness of the information contained in this communication. The Company will not have any responsibility whatsoever in respect of the accuracy or completeness of, or omissions from, this communication or any other document or information, written or oral, supplied at any time to any recipient of this Communication or its subsidiaries, affiliates, agents or advisors in the course of its evaluation of the Company or in respect of any opinions, projections or other forward looking statements expressed therein or omitted therefrom. The Company expressly disclaims any liability resulting from the use of the information contained herein or otherwise supplied or resulting from the failure to supply additional information

THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN JUVA.

Cautionary Note Regarding Forward Looking Information and Forward Looking Statements 

Certain statements in this Communication constitute forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation (collectively herein referred to as “forward-looking statements”). All statements that address expectations or projections about the future, including statements about target returns, internal rates of return, project development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects,” “believes,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.

These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other important factors, including, but not limited to, risk factors included in this Communication, that could cause the actual results, performance or achievements of Juva or industry results to differ materially from any future results, performance or achievements implied by such forward looking statements. Unanticipated events and circumstances are likely to occur and certain slides are based on closing conditions.

Factors that might cause these differences include but are not limited to: Unmet project completion deadlines affecting expected financial return; Unavailability of anticipated funds; Intense market competition resulting in lower than anticipated revenues; Higher than expected costs resulting in lower than anticipated revenues; General economic conditions such as the rate of unemployment, inflation, interest rates and the variability of the capital markets

These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. In addition, even if the outcome and financial effects of the plans and events described herein are consistent with the forward looking statements contained in this Communication, those results or developments may not be indicative of results or developments in subsequent periods. Although Juva has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Forward looking statements contained in this Communication are based on Juva’s current estimates, expectations and projections, which are based on the information available as of the date of this Communication. Prospective investors should not place undue reliance on any forward looking statement contained in this Communication. Forward looking statements contained in this Communication are made of the date of this Communication and, except as required by applicable law, Juva assumes no obligation to update or revise them to reflect new events or circumstances. Historical statements contained in this Communication regarding past trends or activities should not be taken as a recommunication that such trends or activities will continue in the future. In this regard, certain financial information contained herein has been extracted from, or based upon, information available in the public domain and/or provided by Juva. In particular, historical results should not be taken as a recommunication that such trends will be replicated in the future. No statement in this Communication is intended to be nor may be construed as a profit forecast.

You may obtain a copy of our approved Reg A+ offering circular here.


First Licensed Cannabis Delivery Company Opens in Redwood City

First Licensed Cannabis Delivery Company Opens in Redwood City
Juva Delivery Will Service A Majority of the San Francisco Peninsula


San Jose, Calif. – Jan. 31, 2020: Juva Delivery, a division of vertically-integrated Juva Life, Inc. opened this week.  It offers white-glove service across the greater parts of Santa Clara and San Mateo counties, including complimentary consultations and unique events with the local community. Located at the heart of the San Francisco Peninsula, this location will bring legal cannabis delivery to an underserviced area where surrounding cities have banned commercial cannabis activity.

Juva Delivery will service San Bruno, Burlingame, San Mateo, Hayward, Foster City, Hillsdale, Belmont, San Carlos, Redwood City, Atherton, Menlo Park, Palo Alto, Woodside, Portola Valley, Los Altos Hills, San Antonio Heights, and Mountain View.  In addition to their Redwood City location, Juva Life is also locally approved for cannabis delivery in Stockton, CA and Hayward, CA, with their location in Hayward also being locally approved for storefront retail.

A cannabis retail industry veteran, CEO Doug Chloupek stated, “Our Redwood City location will provide cannabis consumers on the Peninsula a personal and elevated customer experience, delivered by a staff trained in the science of cannabis. Santa Clara County, San Mateo County, and Redwood City in particular supported the vote for cannabis legalization* in 2016. Eventually we hope that we will be able to offer our California customers suffering from ailments like cancer, PTSD, and chronic pain opportunities to participate in patient reported studies about the efficacy of the products we will create at our research and manufacturing facility.”

Regina Van Brundt of the Redwood City Downtown Business Group commented, “The Redwood City Downtown Business Group wants to welcome one of our newest businesses to the downtown – Juva Life.  We look forward to Juva Life being part of our local community. They stand for delivery, research and customer care in their field and we look forward to working with them.”

ABOUT JUVA LIFE
Juva Life is more than just a delivery company. 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 their 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 is a BCC-Licensed delivery service, license number C9-0000289-LIC.

 

*Santa Clara (61.39% for Prop 64), San Mateo (67.79% for Prop 64), Redwood City (66.23% for Prop 64)
Source: https://www.angelesemeralds.org/camap

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


Morgan Hill Times (1.29.2020) Locals file for cannabis ballot measure

“Chloupek, a Morgan Hill resident and experienced cannabis industry professional, is chair of the Morgan Hill Voters for Public Health and Safety group, which is organizing the local cannabis legalization effort. The group includes Morgan Hill Planning Commissioner and cannabis consultant Malisha Kumar and Ryan Leary, a bail bondsman and outpatient drug treatment specialist who already has a plan in the works to open a marijuana dispensary near the police station.”  Read the full article by Michael Moore here.


Mercury News (1.28.2020) Redwood City: First cannabis delivery opens, offers white-glove service

“REDWOOD CITY — Promising white-glove service for cannabis delivery in most parts of the San Francisco Peninsula, Juva Delivery opened Tuesday as the first licensed cannabis delivery company in the city.

The delivery service joins a small list of cannabis delivery services that serve Peninsula cities and will offer service from San Bruno down to Mountain View in what has long been a cannabis desert for legal consumers.” Read the full article by Aldo Toledo here.