VANCOUVER, BC / December 5, 2018 / EastWest Bioscience (the “Company” or “EastWest”) (TSX-V: EAST) announces that it will soon have its premium pet brand Natural Pet Science available for purchase at Mondou, the largest pet retail chain in Quebec. Having the Natural Pet Science products available at Mondou is within Eastwest’s overall sales strategy to expand its retail distribution across Canada toward the country’s East Coast including French-speaking Quebec, Canada’s largest province. The Company has developed its French language marketing and product infrastructure in order to distribute in Quebec. As per the purchase agreement between EastWest and Mondou, Natural Pet Science’s unique hemp and cricket focused pet treats will be available in select store locations within the retailer’s 67 store fronts in the French-Canadian province. The Company is excited to work with Mondou, a leading retailer in the pet market industry, and hopes that this partnership will continue to boost the Company’s profile across Canada.
Mondou is the leader in the distribution of products, services and accessories for the health and well-being of pets of all kinds in Canada. For 80 years, the retail chain has grown into an pet care industry stalwart and currently has 67 stores throughout Quebec. Mondou also runs a major distribution center based in Anjou, Quebec, and a very successful on-line platform.
“We are thrilled to have our hemp and cricket pet treats ready for purchase in Quebec and through such a trusted, pet mega-retailer like Mondou.” says Rodney Gelineau, EastWest Bioscience CEO and co-founder. “Mondou is one of the biggest players in the pet market in Canada. This is part of our execution plan for continued expansion to all corners of Canada reaching customers everywhere in the country, and this deal with Mondou is another great step towards achieving that goal.”
The Company’s hemp-based pet treat products under company brand “Natural Pet Science” are set to be released in select Mondou stores in time for the holidays.
Founded in 1938 by Joseph Émilien Mondou, Mondou is a Canadian leader in the distribution of products, services and accessories for the health and well-being of pets of all kinds. Guided by its mission to share their expertise and passion for animals with pet owners, Mondou now has 67 stores throughout Quebec, as well as a major distribution centre. At Mondou, dogs, cats and small pets will find a wide-range of services, including a full-range of well balanced, nourishing foods and a wide selection of safe pet accessories, free services at many Mondou stores, such as a doggy wash station, pet scale, claw clipping and carry-out service, and a fully equipped e-commerce website.
About Natural Pet Science
Natural Pet Science is a hemp-based pet brand producing, manufacturing and distributing premium health products for cats and dogs. The brand continues to innovate and produce high-quality hemp-based alternatives to support the preventive care of pets. For more information on Natural Pet Science, please visit www.naturalpetscience.com.
About EastWest BioScience Group
EastWest Bioscience is a seed-to-sale organization that offers world class manufacturing and premium hemp-based consumer goods. Since it was founded in 2016, EastWest continues to grow as a high-quality producer, manufacturer and distributor of multiple lines of premium hemp products. EastWest is strategically positioned in mainstream consumer markets with wholistic natural products and has developed distribution channels into mainstream stores and markets in Canada. The Company has a Health Canada licensed, GMP (Good Manufacturing Practices) certified manufacturing facility and produces premium brands offering natural products for a preventive care lifestyle. EastWest consumer product lines are divided into four distinct brands: 1) Natural Advancement – natural biopharmaceutical health supplements; 2) Earth’s Menu – all-natural hemp superfoods; 3) Natural Pet Science – pet food and pet supplements; and 4) Chanvre Hemp – all-natural health and beauty products. The organization will continue to focus on ongoing development of innovative, hemp-based consumer products through advanced science with clean, natural ingredients to complement its current product offerings.
ON BEHALF OF THE BOARD OF DIRECTORS EASTWEST BIOSCIENCE GROUP
Co-Founder, Chief Executive Officer and Director
This press release is not an offer of securities for sale in the United States. The securities described in this press release have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation, or sale would be unlawful.
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the terms and conditions of the Acquisition. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and delay or failure to receive board, shareholder or regulatory approvals. 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. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.