Eve & Co Announces Licensing Agreement With Colio Estate Wines
August 06 2020 - 9:10AM
Eve & Co Incorporated (“Eve & Co”, “we”, “us” or the
“Company”) (TSX-V: EVE; OTCQX: EEVVF) is pleased to announce that
its wholly-owned subsidiary, Natural MedCo Ltd. (“NMC”), has signed
a supply agreement with Colio Estate Wines (“Colio”), one of
Canada’s leading wineries and the company behind the top-selling
domestic flavoured wine beverage brand, Girls’ Night
Out1 on August 5, 2020.
The supply agreement contemplates developing a
premium cannabis-infused wine-based beverage for distribution
by Eve & Co and licensing for the Girls’ Night Out brand. The
term of the license agreement is for an initial three-year period
with a two-year option in favour of NMC and contemplates licensing
royalties for the cannabis-infused beverage to enter the adult-use
market in 2020.
“We are very excited to be working with
Colio and the tremendous team behind the Girls’ Night Out
brand. The combination of Colio’s expertise with our high-quality
cannabis extract allows us to provide consumers with a new
cannabis-infused beverage which aligns very well with our
female-oriented vision,” said Melinda Rombouts, President and Chief
Executive Officer (“CEO”) of Eve & Co.
Jim Clark, President and CEO of Colio noted that
“Colio is delighted to be working with Eve & Co to produce a
new cannabis-infused beverage that builds on the success of the
Girls’ Night Out brand at satisfying the tastes
and palates of female wine aficionados or
connoisseurs.”
ABOUT EVE & COEve & Co, through its
wholly-owned subsidiary NMC, holds cultivation and processing
licences under the Cannabis Act (Canada) for the production and
sale of various cannabis products, including dried cannabis,
cannabis plants and extraction of cannabis oil and has received its
European Union certificate of Good Manufacturing Practice. NMC was
Canada’s first female-founded licensed producer of medicinal
marijuana and received its cultivation licence from Health Canada
in 2016. Eve & Co is led by a team of agricultural experts and
has a licensed 1,000,000 square foot greenhouse located in
Strathroy, Ontario.
The Company’s website can be visited at
www.evecannabis.ca.
ABOUT COLIO ESTATE WINESColio’s story is one of
patience, determination, and perseverance – qualities that remain
instilled today at the heart of their winemaking practices and
spirit. It was along the Lake Erie Shore, the southernmost and
warmest wine region of Ontario, where three Italian bricklayers
named Alfredo, Enzo and Tiberio decided to fulfill their lifelong
dream of building a world-class winery.
Forty years later, consumers continue to enjoy
the rewards of the hard work and craftsmanship that go into every
bottle that Colio produces. The picturesque winery is located in
Harrow in the heart of the Essex / Pelee Island Coast Wine Country.
Its wines are available at provincial liquor stores and any of the
fourteen Colio Boutiques across the province.
Colio’s website is www.coliowinery.com
1 According to the Association of Canadian
Distillers moving annual total for January 1, 2019 through June
2020.Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange accepts responsibility for the adequacy or
accuracy of this release.Certain statements in this press release
constitute forward-looking information. All statements other than
statements of historical fact contained in this press release,
including, without limitation, those regarding the licensing
agreement entered into between the Company and Colio Estate Wines,
ability to develop, produce and sell a cannabis-infused beverage,
licensing for the sale of cannabis extracts, approval of new
products, the successful production and launch of the Company’s new
derivative products, consumer preferences, competition,
opportunities for growth, future, strategy, plans, objectives,
goals and targets, and any statements preceded by, followed by or
that include the words “believe”, “expect”, “aim”, “intend”,
“plan”, “continue”, “will”, “may”, “would”, “anticipate”,
“estimate”, “forecast”, “predict”, “project”, “seek”, “should” or
similar expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Company’s expectations, estimates and
projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict, including those
described in the Company’s management’s discussion and analysis for
the three months ended March 31, 2020 which is available on the
Company’s SEDAR profile. Therefore, actual results may differ
materially from what is expressed, implied or forecasted in such
forward-looking statements. The forward-looking information and
forward-looking statements included in this news release are made
as of the date of this news release. The Company does not undertake
an obligation to publicly update such forward-looking information
or forward-looking information to reflect new information,
subsequent events or otherwise unless required by applicable
securities law.
For further information, please contact:
Melinda Rombouts President and Chief Executive Officer Eve &
Co Incorporated Telephone: (855) 628-6337
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