Juva Life Features Redwood City Operational Update
Juva Life Features Redwood City Operational Update
— Cannabis delivery services position Juva for post pandemic brand loyalty and growth
VANCOUVER, BC, — (GLOBE NEWSWIRE – December 15, 2020) – Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRANKFURT: 4VV) (“Juva Life,” “Juva” or the “Company”), a premier California based multi-faceted life sciences company focused on the commercialization of Cannabis products and advanced formulations is pleased to follow up on its November 25th news release with a featured summary of activities to-date at its Redwood City operations.
In relation to the significantly larger footprint of the Hayward and Stockton facilities which are rapidly advancing through licensing and construction phases, the Redwood City operation was designed to initially target regional delivery services and rapid territorial expansion. With a growing staff of over 14 team members and an expanding vehicle fleet which currently includes 50% hybrid electric vehicles, the service has been operational since late January of 2020.
With a functional capability to easily service the San Francisco Peninsula through its central location halfway between San Francisco and San Jose, the location serves a generally younger demographic in the Silicon Valley region. Ongoing efforts are underway to extend the delivery area to encompass adjacent high density urban centres aimed at increasing the total accessible population to an estimated 1.67 million potential customers.
Through an evolving menu of almost 400 SKU’s to choose from, including numerous award-winning and top selling products, the Juva sales team is constantly improving conversion rates and building a loyal customer base. For more information on product services, visit: www.shopjuva.com/redwood-city/.
In related news, the Company has recently obtained the option to lease a high visibility retail location on a prime corner of downtown Redwood City in a concerted bid to receive one of up to six storefront retail licenses proposed to be granted via a merit-based process by the municipality of Redwood City. Working in conjunction with the existing delivery services operational center for inventory support, the addition of storefront retail could act as a regional brand multiplier and centralized focus for enhanced consumer awareness campaigns.
Juva’s CEO and Founder, Doug Chloupek notes, “COVID-19 created some surprising opportunities and interesting challenges that our team have been able to pivot to our advantage. As a brand-new delivery service offering an extensive menu of popular items, we really had to quickly build confidence based on quality, responsiveness, merit and trust. To-date, we have successfully proven to our growing list of customers that with Juva, they can easily order the products they want, when they want, and where they want them. As news regarding vaccine rollout build hope for future, we believe we are extraordinarily well positioned to leverage our commercial activities to quickly advance marketing momentum and increase our sector positioning as, and when restrictions begin to ease. We have worked hard to get the word out during these challenging times and our efforts will definitely act as a launch pad for continued growth and greatly assist in the creation of sustainable value for our entire enterprise.”
For those new to the Juva story, please visit our website at www.juvalife.com.
ON BEHALF OF THE BOARD,
-Doug Chloupek-
Doug Chloupek, CEO & Founder
Juva Life Inc.
About Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRA: 4VV)
Juva Life is working to bring the cannabis market face to face with the sector’s next generation investment grade business model. From in-house research, cultivation, manufacturing, retail, and delivery services, Juva employs state of the art tools in discovery, development, and data science to identify new molecular profiles for major unmet medical needs. Our initial focus is on cannabis, where we are deploying our platform to target consumer and pharma applications. Find out more at: https://juvalife.com/.
For further information, please contact:
Juva Life Investor Relations
Tel: +1 833-333-5882 (JUVA)
Email: inquiries@juvalife.com
Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s 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 information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Juva Life Introduces Advisory Team in Preparation for Advancement Towards “Precision Cannabis”
Juva Life Introduces Advisory Team in Preparation for
Advancement Towards “Precision Cannabis”
— Medical and Science Team of Leading Experts Aim for Global Results
VANCOUVER, BC, — (GLOBE NEWSWIRE – December 08, 2020) – Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRANKFURT: 4VV) (“Juva Life,” “Juva” or the “Company”), a premier California based multi-faceted life sciences company focused on the commercialization of Cannabis products and advanced formulations, is pleased to announce the launch of concerted efforts to develop “precision cannabis” products targeting the delivery of the “right formulation to the right individual at the right time.” Juva plans to develop intellectual property and secure patent protection on each of its custom formulations and will focus its research registries in areas of inflammation, oncology, neurology, pain management, sleep, menopausal symptoms, and opiate reduction.
Juva’s CEO and Founder, Doug Chloupek, has been the driving force in assembling a top team of leading professionals who come to Juva from major enterprises such as Bristol-Meyers Squibb, to prestigious high-profile organizations and academic institutions. These interdisciplinary experts are actively moving forward with research and data collection to support the creation of specialized formulations aimed at addressing a broad range of sometimes devastating disorders. As an outcome of the Company’s compelling vision and targeted recruitment efforts, the Company is pleased to introduce the following individuals and their respective roles as employees and advisors of the company. Together they bring an unparalleled level of experience from the medical and pharmaceutical industries to Juva.
Sanjeev Gangwar, Ph.D., VP of Chemistry
Previously served with Bristol-Meyers Squibb as Director of Oncology Discovery Chemistry where he successfully discovered and developed novel classes of cancer therapeutics during his tenure at this award-winning and globally recognized biopharma conglomerate. In his over 25-year career, Dr. Gangwar holds an impressive and extensive record of discovering and developing pharmaceutical drug candidates. Throughout his career he has focused on oncology and immuno-oncology research and held R&D leadership roles at several biopharmaceutical organizations. Dr. Gangwar is co-inventor of 45 patents, has co-authored over 40 peer-reviewed papers and has presented his work at numerous international conferences.
Guy Miller, MD, Ph.D., Chairman, Science Advisory Board
Dr. Miller is the Chair of Juva’s science advisory board. In this capacity, he is responsible for integrating our business and technical strategy into a unified Research & Development plan, and in steering our internal team and external experts towards key corporate objectives. Dr. Miller holds both a Ph.D. in chemistry and an MD, completing his training at the University of Chicago and Johns Hopkins School of Medicine. He is currently the founder and CEO of Wheel Biology, Inc., chairman of the board of directors, Pneumico, Inc. and an adjunct faculty member at Johns Hopkins School of Medicine, Department of Anesthesiology and Critical Care Medicine. He possesses broad expertise in natural products pharmacology, drug development, and innovation.
Rakesh R. Patel, MD, Director and Chairman, Clinical Advisory Board
A renowned Oncologist and clinical researcher in the San Francisco Bay Area, with over 150 worldwide lectures and 100 publications to-date. In addition to precision oncology, Dr. Patel has a special interest in integrative medicine and has served on non-profit boards offering complementary therapies to cancer patients. He is also a seasoned entrepreneur with multiple digital health healthcare start-ups. He is currently practicing in the Bay Area with Precision Cancer Specialists Medical Group.
Peter Beitsch, MD, Science Advisor
Dr. Beitsch is an internationally recognized surgical oncologist and researcher. He holds several fellowships and is the former President of the American Society of Breast Surgeons.
Pat Whitworth, MD, Research Advisor
A leading researcher, educator and cancer surgeon, Dr. Whitworth completed his fellowship at the M.D. Anderson Cancer Center. He is a principal Investigator for numerous NCI and industry clinical trials.
Justin Lo, MD, Medical Advisor
Dr. Lo is a prominent specialist whose practice is respected and recognized for leading the way in effective pain management. Formerly, Dr. Lo was an Assistant Clinical Professor of Anesthesiology at the University of California, San Francisco. Currently he owns and manages comprehensive multidisciplinary pain management clinics throughout the Bay Area, specializing in non-opiate pain management.
To find out more about the Juva team visit: https://juvalife.com/about/.
From Doug Chloupek, CEO: “Today, I am delighted to formally introduce our amazing medical and scientific leadership team. This gathering of innovative excellence is the true measure of where we are headed. Furthermore, we have assembled an outstanding executive team to advance our divisional cannabis operations in California to support our research and development efforts. Our mission lies in unlocking the medicinal benefits of Cannabis. The fields of inflammation, oncology and neurology are extensive and represent a potentially significant pathway to considerable value creation.”
In related news, Mr. Norton Singhavon has resigned effective immediately from the board to focus on his family and other full-time commitments. The Juva team thanks Mr. Singhavon for his dedication and commitment throughout the critical development stage of the Company and wishes him well in his future endeavours.
For those new to the Juva story, please visit our website at www.juvalife.com.
ON BEHALF OF THE BOARD,
-Doug Chloupek-
Doug Chloupek, CEO & Founder
Juva Life Inc.
About Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRA: 4VV)
Juva Life is working to bring the cannabis market face to face with the sector’s next generation investment grade business model. From in-house research, cultivation, manufacturing, retail, and delivery services, Juva employs state of the art tools in discovery, development, and data science to identify new molecular profiles for major unmet medical needs. Our initial focus is on cannabis, where we are deploying our platform to target consumer and pharma applications. Find out more at: https://juvalife.com/.
For further information, please contact:
Juva Life Investor Relations
Tel: +1 833-333-5882 (JUVA)
Email: inquiries@juvalife.com
Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s 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 information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Juva Life Begins Trading on Frankfurt Exchange with Ticker ‘4VV’
Juva Life Begins Trading on Frankfurt Exchange with Ticker ‘4VV’
Company provides summary of activities in California
VANCOUVER, BC, — (GLOBE NEWSWIRE – November 25, 2020) – Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRANKFURT: 4VV) (“Juva Life,” “Juva” or the “Company”), a premier California based multi-faceted life sciences company focused on the commercialization of Cannabis products and formulations, is pleased to announce the commencement of trading on the Börse Frankfurt exchange (FRA) under the ticker symbol “4VV.” Additionally, the international registry ISIN number is CA48222R1010 and the German WKN registry number is A2QHTZ. For those new to the Juva story a summary of past and future activities is outlined below and available on the Company website at www.juvalife.com.
Juva Life California Subsidiary
Juva Life Inc. USA, a California corporation and wholly owned subsidiary of Juva Life Inc. (as of May 30, 2019) was originally incorporated in 2018 and represents the culmination of decades of concentrated effort in the cannabis sector. Juva Stockton Inc. a wholly owned subsidiary of Juva Life Inc holds a Conditional Use Permit (“CUP”) from the city of Stockton, California which, subject to certain conditions, permits the Company to cultivate, manufacture, distribute and deliver cannabis for the medical and recreational markets within the State. Juva Stockton successfully launched its delivery service from this location in October 2020. Additionally, in October 2020, after a 2.5-year process, Precision Apothecary Inc, a wholly owned subsidiary of Juva Life Inc, now holds a CUP allowing for a Microbusiness operation in the City of Hayward, California. This permit will allow Juva to cultivate, manufacture, formulate, research, distribute and operate a retail cannabis storefront and delivery business in that municipality. Concurrently, the Company’s Redwood City delivery location has been fully operational since February 2020 and has experienced double-digit growth month over month since commencement of operations.
Capital Raise
On May 31, 2020, Juva Life closed a private placement financing with cumulative gross proceeds in excess of $18,000,000. As of June 30, 2020, the Company had working capital of $8,270,000 (excluding warrant liability). Use of funds to-date includes costs for facility construction and equipment, licensing and permitting, marketing, branding, staff recruitment and implementation of sales personnel, pipeline project acquisitions and general administration.
Corporate Divisions
The Company is made up of six divisions: Cultivation, Research, Manufacturing, Distribution, Retail and Delivery. Each division services specific vertical markets within a fully integrated framework under the guiding premise of commercially engaging the many ways cannabis can fundamentally improve individual quality of life.
Strategic Plan
Juva Life’s strategic plan is to be a fully autonomous, vertically-integrated cannabis business with two primary missions: (1) to achieve the lowest cost of production by owning licenses for retail sales, manufacturing, distribution and cultivation of cannabis and to employ each license to propel our supply chain with select brick and mortar storefronts and multiple delivery businesses throughout the State of California; and (2) to develop “precision cannabis” products that deliver the right formulation to the right individual at the right time. Juva plans to develop intellectual property and secure patent protection on each of its custom medical formulations and will focus its research registries in areas of inflammation, oncology, neurology, pain management and opiate reduction.
Management & Advisors
Led by Founder & CEO Doug Chloupek, the Juva Life team brings over 20 years management experience in the cannabis sector. Their knowledge and experience provide operational oversight in navigating the regulatory framework of the California cannabis market. Additionally, the Company has attracted an advisory board of highly respected and influential doctors, clinicians, and researchers from fields of medicine that range from pain management to oncology. Find out more about our team at https://juvalife.com/about/.
Production, Operations and Management Facilities
Juva Life currently has five leased properties and one option to lease space in the cities of Stockton, Hayward and Redwood City, California, and is in the process of building out its facilities and obtaining the necessary State and local authorizations to undertake its current and proposed operations.
Stockton, California
San Juan and Navy Drive Facilities
Currently developing two locally permitted cannabis production facilities totaling approximately 41,448 square feet, including: (1) an approximate 30,000 square foot production facility located on San Juan Drive in Stockton, California; and (2) an approximate 11,448 square foot facility located on Navy Drive in Stockton, California. These facilities will support cultivation, manufacturing, retail sales (non-storefront delivery only) and wholesale distribution supporting direct-to-consumer delivery operations in the north San Joaquin Valley as well as operate as the Corporation’s Central Valley distribution hub.
The San Juan facility is fully licensed by the city and state for delivery services and began Non-storefront retail (delivery) in October 2020. The facility is licensed by the city for cultivation, manufacturing and distribution and subject to final state approval, is poised to immediately commence cultivation operations.
Hayward, California
Clawiter Road and Enterprise Avenue Buildings
The Hayward Facilities consist of two adjacent buildings with an existing Class 5 clean room as part of the 18,000 square foot building and 11,000 square feet of greenhouses for cultivation. The Hayward operation includes cultivation of high-quality greenhouse material for extraction, a flagship retail store, a delivery hub for the entire East San Francisco Bay area, CO2 extraction, formulation, isolation and contract product development. The Hayward campus totals approximately 35,000 square feet and is also planned to offer “white labeling” services to provide new or existing brands to introduce products to the California marketplace
Juva Life received approval of their CUP in October 2020. Management expects construction of the R&D lab to be completed, and the lab facilities to be licensed and operational by the end of Q1 2021. Juva further expects construction on the cultivation, retail, manufacturing area and distribution facilities at the Hayward buildings to be completed, licensed and operational by the end of Q3 2021.
Redwood City, California
Convention Way Facility, Redwood City Offices
Non-storefront retail (delivery) cannabis facility. This delivery operation services the Bay Area Peninsula from San Francisco to San Jose. Juva believes its dispatch service area encompasses approximately 1.67 million potential customers. Juva obtained approval of its local Redwood City Cannabis Business Permit and Conditional Use Permit in May, 2019, and the State license was issued in September 2019. The Corporation formally began delivery operations in January of 2020 and has seen double digit growth quarter on quarter. Additionally, Juva occupies approximately 2,000 square feet of office space used for executive offices in Redwood City, CA.
Mr. Doug Chloupek, CEO and Founder of Juva Life Inc. notes, “Coming on the heels of our recent launch onto the North American markets, we are delighted to announce our entry into the European marketplace via our Frankfurt market listing today. We welcome the interest and support of this highly engaged investment community and look forward to a mutually advantageous journey together. We are excited to continue building our consumer brand and in advancing a number of ambitious agendas including our proposed Life Sciences program to develop and fast track new and innovative formulations that we believe will positively impact a potential base of health and wellness afflicted individuals around the globe. To achieve these goals, we sincerely value our expanding relationship with an increasingly global investment community and look forward to working together as we build value for our shareholders by rapidly growing our exciting enterprise.”
In related news, the Company advises it has hired Media Relations Publishing for the fee of €350,000 for marketing and communications services.
As part of the Company’s disclosure obligations as a public issuer, ongoing financial and material filings can be found on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
ON BEHALF OF THE BOARD,
-Doug Chloupek-
Doug Chloupek, CEO & Founder
Juva Life Inc.
About Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (FRA: 4VV)
Juva Life is working to bring the cannabis market face to face with the sector’s next generation investment grade business model. From in-house research, cultivation, manufacturing, retail, and delivery services, Juva employs state of the art tools in discovery, development, and data science to identify new molecular profiles for major unmet medical needs. Our initial focus is on cannabis, where we are deploying our platform to target consumer and pharma applications. Find out more at: https://juvalife.com/.
For further information, please contact:
Juva Life Investor Relations
Tel: +1 833-333-5882 (JUVA)
Email: inquiries@juvalife.com
Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s 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 information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Juva Life Commences Trading Under CSE Ticker Symbol JUVA
Juva Life Commences Trading Under CSE Ticker Symbol JUVA
Multi-Faceted California Life Sciences Cannabis Operator Launches into Public Markets
VANCOUVER, BC, — (GLOBE NEWSWIRE – November 17, 2020) – Juva Life Inc. (CSE: JUVA) (OTC: JUVAF) (“Juva Life,” “Juva” or the “Company”), a premier California based multi-faceted life sciences company focused on the commercialization of Cannabis products and formulations, is pleased to announce the commencement of trading its common shares on the Canadian Securities Exchange (“CSE”) under the ticker symbol “JUVA.” Additional information is being updated on the Company website at www.juvalife.com.
Juva Life Inc. USA, a California corporation and wholly owned subsidiary of Juva Life Inc. (as of May 30, 2019) was originally incorporated in 2018 and represents the culmination of decades of concentrated effort in the cannabis sector. Juva Stockton Inc., a wholly owned subsidiary of Juva Life Inc., holds a Conditional Use Permit (“CUP”) from the city of Stockton, California which, subject to certain conditions, permits the Company to cultivate, manufacture, distribute and deliver cannabis for the medical and recreational markets within the State. Juva Stockton successfully launched its delivery service from this location on the 16th of October 2020. Additionally, in January 2020, after a 2.5-year process, Precision Apothecary Inc, a wholly owned subsidiary of Juva Life Inc., now holds a CUP allowing for a Microbusiness operation in the City of Hayward, California. This permit allows Juva to cultivate, manufacture, distribute and operate a retail cannabis storefront and delivery business in that municipality. Concurrently, the Company’s Redwood City delivery location has been fully operational since February 2020 and has experienced double-digit growth month over month since commencement of operations.
Under the guidance of founder & CEO Doug Chloupek, the Juva Life team brings together over 20 years of extensive leadership experience in the cannabis sector. Their knowledge and experience provide operational oversight and understanding of the California cannabis market. The Company is comprised of six divisions: cultivation, research, manufacturing, distribution, retail, and delivery. Each division services specific vertical markets within a fully integrated framework under the guiding premise of commercially engaging the many ways cannabis can fundamentally improve individual quality of life.
Mr. Doug Chloupek, CEO and Founder of Juva Life Inc. states, “Our journey has been truly extraordinary to-date. We are extremely grateful to have completed an extraordinarily successful Regulation-A+ financing along with several traditional financings. These financings have provided us the cash on hand to execute our strategy while concurrently moving ahead with today’s public listing and access to an even broader investment community. We are thrilled to start our journey as a publicly listed issuer today. We sincerely value the participation of the investment community and have made it a key pillar and measure of our success to strategically build shareholder value as we forge ahead in this exciting and evolving industry sector.”
As part of the Company’s disclosure obligations as a public issuer, ongoing financial and material filings can be found on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
About Juva Life Inc. (CSE: JUVA) (OTC: JUVAF)
Juva Life is working to bring the cannabis market face to face with the sector’s next generation investment grade business model. From in-house research, cultivation, manufacturing, retail, and delivery services, Juva employs state of the art tools in discovery, development, and data science to identify new molecular entities for major unmet medical needs. Our initial focus is on cannabis, where we are deploying our platform to target consumer and pharma applications. Find out more at: https://juvalife.com/.
For further information, please contact:
Juva Life Investor Relations
Tel: +1 833-333-5882 (JUVA)
Email: inquiries@juvalife.com
Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s 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 information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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
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
