09:17:20 EDT Fri 29 Mar 2024
Enter Symbol
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True Leaf Brands Inc
Symbol MJ
Shares Issued 99,297,099
Close 2019-06-04 C$ 0.43
Market Cap C$ 42,697,753
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True Leaf signs two distribution deals in Europe

2019-06-05 09:06 ET - News Release

Mr. Paul Sullivan reports

TRUE LEAF EXPANDS EUROPEAN DISTRIBUTION THROUGH AGREEMENTS WITH OSCAR PET FOODS AND POCURULL

True Leaf Brands Inc. has signed distribution agreements with OSCAR Pet Foods in the United Kingdom and Pocurull in Spain and Portugal that will further True Leaf's European market expansion.

True Leaf's functional hemp-based products for dogs and cats will be distributed through OSCAR Pet Foods' home delivery service to 30,000 pet owners across the U.K. and made available to 1,000 retail stores in Spain and Portugal as part of an exclusive distribution agreement with Pocurull.

"True Leaf is leading the way in introducing European pet owners to the benefits of legal and safe hemp pet solutions," said Darcy Bomford, founder and chief executive officer of True Leaf. "European expansion is a major growth opportunity for us and we are pleased to be partnering with established companies in the EU who share the same stringent standards for delivering superior pet products. OSCAR and Pocurull are natural additions to our growing retail distribution network in Europe, which includes Arcaplanet, a leading pet retail chain in Italy, Pets Corner in the U.K. and Das Futterhaus in Germany."

True Leaf Pet, a division of True Leaf, has pioneered a line of hemp-based chews, supplement oils and dental sticks for dogs designed to reduce joint pain, boost immunity and alleviate anxiety. In Europe, the company also offers a line of hemp-based treats specially formulated to address issues unique to cats, including antihairball and urinary tract support.

"Our entire team and especially our local nutritional advisers are excited to be adding True Leaf's functional hemp products to our home delivery service," said Richard Martin, managing director of OSCAR Pet Foods. "There is growing demand for hemp-based pet products in the U.K. and we are pleased to partner with a global pioneer and industry leader like True Leaf to offer our customers superior hemp-based treats that are also safe and legal."

"We are pleased to be the exclusive distributor for True Leaf products in Spain and Portugal," said Elisabet Pujol, communications manager of Pocurull. "Our pet parents are very selective in the foods and treats they give their pets and we strive to offer only the best pet products. We are proud to partner with True Leaf as they are committed to product excellence and are most trusted by top retailers and pet parents."

This agreement is a verbal supply agreement and will continue as long as it is mutually beneficial.

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

About True Leaf Brands Inc.

True Leaf is a leading global cannabis and hemp wellness brand for pets. Inspired by the unconditional love pets give people every day, the company returns that love through its wellness pet products which help maintain and protect the natural vitality of pet companions.

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