23:57:31 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



True Leaf Medicine International Ltd
Symbol MJ
Shares Issued 95,529,059
Close 2019-01-28 C$ 0.455
Market Cap C$ 43,465,722
Recent Sedar Documents

True Leaf to sell True Hemp in Arcaplanet in Italy

2019-01-29 07:33 ET - News Release

Mr. Paul Sullivan reports

TRUE LEAF EXPANDS RETAIL DISTRIBUTION IN EUROPE

True Leaf Medicine International Ltd.'s True Hemp product line will soon be available in Arcaplanet stores in Italy, expanding its total retail distribution to 1,000 stores across Europe.

True Leaf has added Arcaplanet, a leading pet retail chain in Italy, to its list of partners in Europe, which includes top retailers such as Pets Corner U.K. and Das Futterhaus in Germany. Arcaplanet has more than 200 stores in Italy and reported revenues of 169 million euros in a growing pet market with an average of one pet per person or 2.3 pets per family (2018 ASSALCO -- ZOOMARK Report on Pet Food and Pet Care in Italy).

True Leaf Pet, a division of True Leaf, pioneered hemp-based products for dogs. The company's True Hemp line of functional chews, supplement oils and dental sticks is one of the first hemp-seed pet product offerings to be marketed worldwide.

In November, 2018, True Leaf added seven hemp-based products specially formulated for cats to its True Hemp product line in Europe. The new products for cats include five functional treats and two hemp toys.

"True Leaf continues to expand in key markets because our hemp solutions for pets are not only legally compliant, but also safe and effective," said Darcy Bomford, founder and chief executive officer of True Leaf. "We are excited to enter the Italian market with Arcaplanet; Italy is estimated to be the No. 1 European country in regard to the number of pets for the population, with a 1:1 ratio."

Pet owners in Europe can also shop for True Leaf Pet products on-line.

About True Leaf Medicine International Ltd.

True Leaf is a leading global cannabis and hemp wellness brand for pets.

We seek Safe Harbor.

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