11:22:55 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Better Plant Sciences Inc (2)
Symbol PLNT
Shares Issued 19,917,969
Close 2022-01-20 C$ 0.02
Market Cap C$ 398,359
Recent Sedar Documents

ORIGINAL: Better Plant to discontinue Urban Juve, Jusu Bar

2022-01-21 12:03 ET - News Release

Received by email:

File: '\\office\emailin\20220121 084320 Attachment PR 40 - Better Plant Streamlines Operations.docx'



Better Plant Streamlines Operations 
Vancouver, B.C. - January 21, 2022: Better Plant Sciences Inc. (CSE: PLNT) (OTCQB: VEGGF) ("Better Plant" or the "Comp
--->any"), a wellness company that develops and sells plant-based products, is pleased to announce it has streamlined oper
--->ations and plans to reduce expenses by discontinuing the brand Urban Juve and discontinuing the Jusu Bar juice busines
--->s. Better Plant plans to focus its resources in the near term on the Jusu Wellness line of products. It also plans to 
--->look at potential acquisitions and other opportunities to build value for shareholders. 

Urban Juve Provisions Inc. a wholly owned subsidiary of Better Plant, which has been selling  the Urban Juve ayurvedic
---> inspired line of 11 skincare products and two hand sanitizer products, will take all of its product offline, and the 
--->brand Urban Juve will be discontinued. Urban Juve formulas and other intellectual property will be transferred to Jusu
---> Wellness Inc., another wholly owned subsidiary of Better Plant. Jusu Wellness currently makes and sells over 40 plant
--->-based products, including cleaning products, skin care products and body products.
With the assets from Urban Juve, Jusu Wellness will have an expanded catalog of formulas and may be able to take advan
--->tage of some of Urban Juve's key account and retailer relationships to grow its business. This past quarter Jusu Welln
--->ess added five new retailers including Yes Wellness, The Found House, Echo Wofford, Old Joy Gift Boxes and Fido's Worl
--->d.
Jusu Bars is winding down it's juice operations. Operations of Jusu Bar at Cadboro Bay in Victoria, British Columbia w
--->ill cease in February 2022. Juice manufacturing of new products has ceased, and the online ordering platform will stop
---> selling Jusu juices in January 2022. 
Both Urban Juve and Jusu Bars have been money losing businesses and so it's expected that discontinuing them will impr
--->ove Better Plant's financial position by reducing future losses, although there will be a reduction in revenues and so
--->me assets may be impaired.
Perry Chua has resigned as Chief Creative Officer, effective January 14, 2022, but will continue to work with Better P
--->lant as a consultant. Better Plant continues to act as an incubator for new businesses by providing branding, marketin
--->g, and accounting services to emerging companies. In his role as consultant, Mr. Chua will continue to oversee Better 
--->Plant's creative team in the provision of these services. 

About Better Plant Sciences Inc.:
Better Plant has a catalog of hundreds of product formulas and develops, commercializes, markets, and sells over 50 pr
--->oducts through the brands Jusu Wellness and NeonMind. Jusu Wellness products are sold direct to consumer goods through
---> Jusu's online eCommerce platform as well as through a network of online and brick-and-mortar retail stores. Better Pl
--->ant has a talented team with expertise in digital design, branding, eCommerce, and digital marketing and offers market
--->ing, branding, financial, and other services to companies with emerging businesses.

For more information on Jusu Wellness, visit getjusu.com or follow Jusu Wellness on Instagram or Facebook.

For more information on Better Plant, visit betterplantsciences.com or follow on Instagram, Twitter or LinkedIn.

Penny White, President & CEO
penny@betterplantsciences.com
1-833-515-2677

Investor Relations:
Alexandra Dumanski
invest@betterplantsciences.com
1-833-515-2677

Sales Inquiries:
Amber Allen, Head of Sales
amber@betterplantsciences.com
604-808-8118

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.

Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking information and statements (collectively, "forward looking statements") un
--->der applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of esti
--->mates, forecasts, beliefs and assumptions that, while considered reasonable, are subject to known and unknown risks, u
--->ncertainties, and other factors which may cause actual results and future events to differ materially from those expre
--->ssed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited
---> to: risks related to the development, testing, licensing, brand development, availability of packaging, intellectual 
--->property protection, reduced global commerce and reduced access to raw materials and other supplies due to the spread 
--->of COVID-19, the potential for not acquiring any rights as a result of the patent application and any products making 
--->use of the intellectual property may be ineffective or the company may be unsuccessful in commercializing them; and ot
--->her approvals will be required before commercial exploitation of the intellectual property can happen. Demand for the 
--->company's products, general business, economic, competitive, political and social uncertainties, delay or failure to r
--->eceive board or regulatory approvals where applicable, and the state of the capital markets. Better Plant cautions rea
--->ders not to place undue reliance on forward-looking statements provided by Better Plant, as such forward-looking state
--->ments are not a guarantee of future results or performance and actual results may differ materially. The forward-looki
--->ng statements contained in this press release are made as of the date of this press release, and Better Plant expressl
--->y disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or
---> assumptions underlying them, whether as a result of new information, future events or otherwise, except as required b
--->y law.



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