MONTREAL, Aug. 21, 2018 (GLOBE NEWSWIRE) — Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce that the Company has just launched five new Bioganix┬« products which are now live on both the native websites at Bioganix.com and Amazon.com.
As part of the Company’s growth plans outlined in the March 2, 2018 Guidance, the Company has increased its product offering to a total of 47 SKUs. The new Bioganix┬« products are: Brainstorm, Collagen Peptides, Kama Sutra, Ponytail, and Shut-Eye sleep support. The new products will be the first of the Bioganix┬« line to carry the new brand identity on Amazon.com.
Abis Hussain, CMO of Relevium stated: “We all believe that these new products will be great revenue drivers for the Bioganix┬« brand.” Mr. Hussain went on to say: “By combining the new Bioganix┬« branding with additional potential revenue of a new products’ launch in niche categories using our D2C expertise, the adoption rate by customers should be very high.”
Aurelio Useche, CEO of Relevium stated: “The Operations Team has been working extremely hard over the last six months to complete all that was on the to-do list we had outlined in March.” Mr. Useche continued: “We believe that the market adoption of the new SKUs will provide Bioganix┬« with organic growth from within core operations. Revenue for the new SKUs should begin to be reflected in Q2 of the fiscal 2019 financial period ending December 31, 2018.”┬á┬á
About Relevium Technologies
Relevium is a publicly-traded company that operates in the $3.7 trillion-dollar worldwide wellness industry. Relevium is focused on the development, acquisition, marketing and sale of consumer products that are derived from cannabis and industrial hemp and other ingredients that are generally accepted as safe. The Company uses cannabinoids and ingredients that have achieved GRAS status (generally accepted as safe) to create brands that are sold via wholesale channels, retail channels and online distribution.
Relevium markets its products as dietary supplements, nutraceuticals, sports nutrition and nutri-cosmeceuticals. The Company plans on unveiling a complete line of dietary supplements for consumers derived from Cannabis Sativa and Cannabis Indica. The Company’s initial focus will be on creating a full spectrum extract rich in CBD (cannabidiol) which will be marketed and sold throughout North America. Relevium is also focused on developing a complete line of supplements, nutraceuticals, sports nutrition and nutri-cosmeceuticals. Relevium’s products and brands such as Bioganix┬« have achieved market penetration and now sold at some of the world’s largest retailers such as Walmart.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will be able to apply for and ultimately obtain an ACMPR licence, the proposed business of Biocannabix will develop as anticipated, that the Company will raise sufficient funds to develop the Biocannabix business, and that the Company will obtain all requisite regulatory approvals. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed business developments may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
President and CEO
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RELEVIUM TECHNOLOGIES INC
Source: Relevium Technologies Inc