SEATTLE, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group ("CFN Media"), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3), and how it is well positioned to capitalize on the $4.2 trillion health and wellness industry with unique hemp-based products, including its Ayurvedic hemp root oil.
Hemp root oil has become increasingly popular thanks to the rising popularity of Ayurveda—a system of medicine with historical roots in India—across Western culture. Whereas traditional hemp oil is chemically extracted from the entire hemp plant (including the stalk and leaves), hemp root oil is extracted exclusively from the roots using an ancient Ayurveda extraction methods to retain the integrity and medicinal properties of the plant.
The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) has doubled down on its strategy to become a leading developer of hemp root oil extracted using Ayurveda principles. Investors may want to take note as the company brings manufacturing in-house, expands its product lines and opens new distribution channels around the world.
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The Yield Growth Corp. began by designing a state-of-the-art extraction system to enhance the traditional Ayurveda methods of extraction to produce a consistent, high-quality product at scale. While modern techniques may dilute the health benefits of hemp, the ancient Ayurveda extraction techniques were very labor-intensive and time-consuming, while the quality of the extract tended vary widely depending on the extractor.
Next, the company engaged the Faculty of Pharmaceutical Sciences at the University of British Columbia to identify and quantify anti-inflammatory and other bioactive compounds in hemp root oil derived from its proprietary extraction methods. The company believes that hemp root oil contains terpenes and triterpenoids that could provide greater bioavailability than other forms of commercially-available hemp oil.
The company plans on cultivating industrial hemp and extracting hemp root oil in a new 10-acre farm that it agreed to acquire, with over 100,000 sq. ft. of well-equipped greenhouse space. Management anticipates the arrival of new custom extraction equipment over the coming weeks and expects hemp root oil extraction to begin in late 2019. By bringing production in-house, the company will have better control over cost and quality.
The Yield Growth Corp.'s hemp root oil will be incorporated into several of the its wellness products, which have surpassed 60 formulations that the company has been developing. With 35 products registered in Canada and 11 provisional patents in the United States, the company's diverse portfolio of health and wellness products is unmatched in the $4.2 trillion global wellness market.
In addition to its growing product lines, the company has invested in building a robust distribution network. The company entered into a formal retailer relationship with Healthy Planet earlier this month, which has 24 retail locations throughout Ontario. Distribution and sales through these channels are expected to start in April 2019 and complement the company's existing distribution through online ecommerce platforms.
Finally, the company plans on expanding into additional verticals over the coming months, including topicals and beverages, as well as expanding its existing product lines to include cannabinoid-infused options. These products could reach a much wider audience as North American and international consumers increasingly look towards cannabinoids, terpenes and other parts of the hemp and cannabis plants for their medicinal and wellness benefits.
The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) is well positioned to capitalize on the $4.2 trillion health and wellness industry with unique hemp-based products, including its Ayurvedic hemp root oil. Investors may want to keep an eye on these trends as the company launches new products, opens new distribution channels and scales up its in-house production of hemp root oil and other products.
For more information, visit the company's website at www.yieldgrowth.com or www.urbanjuve.com.