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.juvadev.wpengine.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://juvadev.wpengine.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
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.
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 Forbes. We 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.
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