(TheNewswire)
Ottawa, ON – TheNewswire - April 28, 2022 – Molecule Holdings Inc. (CSE:MLCL) (OTC:EVRRF) (“ Molecule ” or the“ Company ”), a Canadian craft-focused cannabis beverage productioncompany, is thrilled with the reception of theirnew beverages launched through Ontario Cannabis Stores (OCS) this spring.
Ontario consumers have embraced PHRESH Summer Punchmaking it the highest performing spring launch SKU through the OCSwith over 15,000 units sold online and to Ontario retailers as ofFriday April 22 nd . Retail penetration rate for the new PHRESHflavour has already topped 43%. PHRESH STRAINS sold out within thefirst 10 days of sale. We have since received additional orders onPHRESH STRAINS of approximately 20,000 units. The two new CANAJOflavours (Regular and Espresso Spice) have achieved combined sales ofjust under 8,000 units. Our new embody line has so far enjoyed salesjust under 3,000 units. All of our new launch items of have beenre-ordered by the province for near term delivery.
Commented David Reingold, CEO of Molecule, “Aprilhas been an exciting month with all of our products performing well inmarket. PHRESH Summer Punch hitting #1 in market for new launch itemsis especially rewarding. Our new lines CANAJO, embody, and our newPHRESH STRAINS, are also showing solid performance all while ourcurrent in market items continue to perform to our expectations. Weare excited about the ongoing success of the sales and marketing teamsas they continue to build momentum and additional market penetrationas we head into the summer beverage market.”
For further information, please contact:
André Audet, Chairman and Co-Founder Phone: 1 (888) 665-2853 x101
Email: andre@molecule.ca www.molecule.ca
About MoleculeHoldings Inc.
Molecule is a licensed producerdedicated to creating cannabis-infused beverages for the Canadianmarket. We produce leading, top-quality drinks to provide opportunityand choice to people seeking a convenient and social way to consumecannabis. Molecule is focused on growing both our portfolio, and theoverall cannabis beverage market. We want to ensure people have thebest opportunity to find exactly the product and experience theythirst for.
Neither the Canadian Securities Exchange nor itsregulation services provider accepts responsibility for the adequacyor accuracy of this press release.
Forward-Looking Statements
This press release containsstatements that constitute “forward-looking information”(“forward-looking information”) within the meaning of theapplicable Canadian securities legislation. All statements, other thanstatements of historical fact, are forward-looking information and arebased on expectations, estimates and projections as at the date ofthis news release. Any statement that discusses predictions,expectations, beliefs, plans, projections, objectives, assumptions,future events or performance (often but not always using phrases suchas “expects”, or “does not expect”, “is expected”,“anticipates” or “does not anticipate”,“plans”, “budget”, “scheduled”, “forecasts”,“estimates”, “believes” or “intends” or variations of suchwords and phrases or stating that certain actions, events or results“may” or “could”, “would”, “might” or “will” betaken to occur or be achieved) are not statements of historical factand may be forward-looking information. Forward-looking statements in this newsrelease include statements relating to the anticipated ongoing salesand orders of the recently launched flavours through the OntarioCannabis Store; the impact of new sales to the Ontario Cannabis Storeon the Company’s business; the expected ongoing uptake of PHRESH,PHRESH STRAINS, CANAJO and embody in the marketplace; the Company’splans to further penetrate the Ontario market; and the Company’sability to produce cannabis-infused beverages for the Canadianbeverage market to provide opportunities for people to consumecannabis . In disclosing theforward-looking information contained in this press release, theCompany has made certain assumptions.
The Company's actual results coulddiffer materially from those anticipated in this forward-lookinginformation as a result of regulatory decisions, competitive factorsin the industries in which the Company operates, prevailing economicconditions, and other factors, many of which are beyond the control ofthe Company. The Company believes that the expectations reflected inthe forward-looking information are reasonable, but no assurance canbe given that these expectations will prove to be correct and suchforward-looking information should not be unduly relied upon. Anyforward-looking information contained in this news release representsthe Company's expectations as of the date hereof and is subject tochange after such date. The Company disclaims any intention orobligation to update or revise any forward-looking information whetheras a result of new information, future events or otherwise, except asrequired by applicable securities legislation.
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