Yield Growth Corp (OTCMKTS: BOSQF) has been quite active on the news front over the past few weeks. From releasing 2018 results to China Hemp expansion, there’s a lot going on with Yield Growth Corp. Taking a closer look at the latest news, there’s a lot to like with the stock and why it deserves a much higher share price.
Yield Growth Corp Background
First up, here’s a little background info for those of you that are not familiar with Yield Growth Corp. The Yield Growth Corp is a vertically integrated asset company with six wholly-owned subsidiaries, Urban Juve, UJ Beverages, UJ Topicals dba Wright & Well, Yield Botanicals, Mad Wallaby Distribution and Thrive Activations. Yield Growth serves mainstream luxury consumers who seek sophisticated wellness products. Its flagship consumer brand, Urban Juve, has proprietary, patent-pending extraction technology and formulas. Yield Growth is commercializing over 100 cannabis wellness and beauty products internationally and has multiple revenue streams including licensing, services and product sales.
China Hemp Expansion
Yield Growth Corp has set up Urban Juve hemp beauty products for sale through China’s most popular messaging app, WeChat, and to launch a marketing campaign with a pop-up kiosk to rotate through luxury shopping malls and other major locations in Hong Kong for three months beginning in June 2019.
The objectives of the pop-up kiosk campaign will be to introduce Urban Juve’s brand story, Ayurveda philosophy and proprietary hemp root oil ingredient skin care products to the Chinese audience through the WeChat platform and to drive sampling and sales transactions through the kiosks. The initial locations for the artificial intelligence enabled kiosk this summer will be 3 luxury shopping malls in Hong Kong, University of Science and Technology, Science Park and the Park Yoho residence clubhouse.
Yield Growth Corp realized revenue of $3,055,442 for the twelve months ended November 30, 2018 as compared to nil for the prior year. The revenue included consulting revenue of $1,098,364 under Thrive Activations Inc. and licensing revenue of $1,957,078 under Urban Juve Provisions Inc. for manufacturing and distribution rights licensed to third parties for the Canadian, US and certain European markets. As of February 28, 2019, the Company had a cash balance of approximately $3.7 million.
Urban Juve is Ayurveda-inspired skincare and beauty brand that rejuvenates and nourishes from within spirit to skin. Urban Juve’s key ingredient – cannabis Sativa hemp root oil – combines with natural and pure essential oil-based formulations to create quality products that are now available online and are available at select retail stores across Canada.
Urban Juve has created unique formulas for more than 70 beauty and wellness products have registered with Health Canada 35 products containing cannabis Sativa hemp seed oil and hemp root oil and have filed 11 provisional patent applications in the United States.
The first eleven Phase I products have been launched through Urban Juve’s e-commerce website and over 70 retail stores across Canada have agreed to carry the Urban Juve line.
Urban Juve is continuously developing new products and expects to launch over 20 additional products through 2019. It has licensed the use of all of its formulas to UJ Topicals and the right to combine the formulas to create products containing cannabis.
Currently trading with a market cap of $40 million, BOSQF is one of the most exciting cannabis plays for investors. One thing we really like about the company is its Urban Juve line and its focus on the multi-billion-dollar skincare market. Skincare represents a huge opportunity for cannabis products and Urban Juve is a market leader. With Urban Juve’s latest expansion into China, we expect the company to deliver big numbers in 2019. We expect shares of BOSQF to keep climbing as more investors realize the potential of Urban Juve.
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Disclosure: We have no position in BOSQF and have not been compensated for this article.