(TheNewswire)
Ottawa, ON – TheNewswire - February 15 ,2022 – Molecule Holdings Inc. (CSE:MLCL) (OTC:EVRRF) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabisbeverage production company, is pleased to announce that the OntarioCannabis Store selected seven new flavours of Molecule beverages toinclude in its upcoming spring launch. The products that have beenaccepted by the province include multiple flavours from theCompany’s recently announced pillar brands: CANAJO, EMBODY, andPHRESH, along with our partner brand, PROPER.
The new line-up includes the following Moleculeproducts: CANAJO Regular, CANAJO Espresso Spice, EMBODY Blood Orange + Rosemary Sparkling Red Tea, EMBODY Mint +Honey Sparkling Green Tea , PHRESH Summer Punch, PHRESH STRAINS Pineapple Express, and PROPERBlueberry Pomegranate.
The added presence of these new products will greatlyexpand the current offerings available in the Ontario Cannabis Storefrom five to twelve products, including our four cornerstoneMolecule brands and three brand partners.
PHRESH STRAINS
In addition, we are excited to announce the creation ofthe first SKU from PHRESH STRAINS, the Company’s first lineextension to the popular PHRESH family. Usingnaturally derived terpenes, STRAINS showcases the aroma and flavourcharacteristics of popular cannabis strains and allows consumers toenjoy them in drinkable formats. The Company believes this asignificant step towards bridging the gap between flower and beveragesand will allow consumers, especially new consumers in the cannabisbeverage space, to compare the flavour profiles of the strains whileremoving the harshness associated with smoke.
Commented David Reingold, CEO Molecule, “This is atransformative day for Molecule. This new group of products willalmost triple our current offering in the market and provides us withthe needed volume base to run efficiently and deliver nationally. Thenew and robust offering allows us to provide category solutions toprovinces and retailers looking to take advantage of the beveragemarket with exciting new flavours. The cannabis beverage category isunique in Canada, with high barriers to entry for companies attemptingto enter the industry. The launch of these new flavours in the OntarioCannabis Store can provide Molecule with significant opportunities togrow substantially within this category.”
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 such as “expects”, or “does not expect”, “is expected”,“anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”,“believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may”or “could”, “would”, “might” or “will” be taken tooccur or be achieved) are not statements of historical fact and may beforward-looking information. Forward-looking statements in this newsrelease include statements relating to the anticipated launch ofadditional flavours in the Ontario Cannabis Store; the number andflavours of Molecule products expected to be included in the OntarioCannabis Store’s spring launch; the impact of new sales to theOntario Cannabis Store on the Company’s business; the expectedeffect of PHRESH STRAINS in the marketplace; the anticipated consumersof PHRESH STRAINS; and the Company’s ability to producecannabis-infused beverages for the Canadian beverage market to provideopportunities for people to consume cannabis. 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 can be giventhat 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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