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In Extremely Aggressive Course of, Vertically Built-in California Cultivator and Life Science Analysis Firm Accepted to Launch Brick-and-Mortar Location
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VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) — Juva Life Inc. (CSE: JUVA) (OTCQB: JUVAF) (FRANKFURT: 4VV) (“Juva Life,” “Juva” or the “Firm”), a life science firm with pharmaceutical analysis and improvement and consumer-facing operations in hashish manufacturing and distribution, introduced right this moment the Firm’s subsidiary, Juva Retail RWC Inc, was granted a license to function a retail hashish storefront in Redwood Metropolis, California, at 2301 Broadway. Juva was granted certainly one of solely 4 approvals permitting storefront retail hashish companies in business and mixed-use zones, following a rigorous and extremely aggressive software course of.
“We thank the Metropolis of Redwood Metropolis for the care and a spotlight they put to our retail storefront software, and we’re honored that now we have been awarded with the license,” mentioned Doug Chloupek, CEO and Founding father of Juva. “The Juva retail storefront is a enterprise milestone that now we have strategically labored on for practically two years. We stay up for offering our clients the identical five-star service and best-in-class merchandise we’re recognized for providing by Juva Supply at our new storefront location.”
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Redwood Metropolis has a four-phase hashish program that was developed hand in hand with neighborhood help following the state’s legalization of adult-use hashish gross sales in 2016. Part I ensured the purposes have been full, Part II concerned essential analysis and scoring, Part III concerned interviews and additional scoring, and Part IV was the ultimate Metropolis Supervisor Collection of chosen companies.
The method included a rigorous, staff-led, merit-based software to make sure high-quality retail hashish enterprise operators could be completely reviewed and sufficiently certified earlier than receiving a allow. All purposes for hashish storefront retail have been required to supply related info, together with neighborhood compatibility, safety and security plans, and neighborhood advantages plans.
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Juva Retail RWC Inc. was the highest-scoring applicant total, being awarded a complete of 1,876 factors in Part III, which, when mixed with the Firm’s Part II rating of 1,196 factors, equals 3,072 factors for a complete rating of 96%.
Moreover, Juva Life continues its give attention to pharmaceutical and life sciences analysis, and is working to determine the mode of motion behind hashish’ anecdotal capability to regulate ache and irritation. The Firm not too long ago recognized non-cannabinoid compounds JUVA-019 and JUVA-041, on which the Firm has filed patent purposes and has performed preclinical analysis displaying that the compounds are efficient as stand-alone compounds in inhibiting irritation by modulating sure biomarkers within the physique. JUVA-019 and JUVA-041, which the Firm has nominated as lead drug candidates for additional preclinical investigation, are at present advancing by phenotypic fashions of continual ailments of getting old.
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ON BEHALF OF THE BOARD,
-Doug Chloupek-
Doug Chloupek, CEO and Founder
Juva Life Inc.
inquiries@juvalife.com
About Juva Life Inc. (CSE: JUVA) (OTCQB: JUVAF) (FRA: 4VV)
Juva Life is using state-of-the-art pharmaceutical analysis and improvement to find, develop and commercialize secure and efficient hashish merchandise. The Firm is leveraging multi-disciplinary analysis specialists throughout numerous fields standardization of cultivation, extraction, and formulation to supply customers reproducible medical advantages. Juva is constructing upon these pure product course of chemistry abilities, to now embody discovery pharmacology by a validated discovery expertise platform. The Firm will leverage income derived from its retail operations to advance JUVA-019, JUVA-041, and different doubtlessly precious non-cannabinoid bioactives for shopper and pharma product purposes. Juva is working to convey the hashish market nose to nose with the sector’s subsequent technology funding grade enterprise mannequin. Discover out extra at: https://juvalife.com/.
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For additional info, please contact:
Juva Life Investor Relations
Tel: +1 833-333-5882 (JUVA)
E-mail:inquiries@juvalife.com
Ahead Trying Assertion
This information launch incorporates statements and knowledge that, to the extent that they aren’t historic truth, could represent “forward-looking info” inside the which means of relevant securities laws. Ahead-looking info could embody monetary and different projections, in addition to statements concerning future plans, targets, or financial efficiency, or the belief underlying any of the foregoing. In some circumstances, forward-looking statements could be recognized by phrases reminiscent of “could”, “would”, “may”, “will”, “doubtless”, “besides”, “anticipate”, “consider”, “intend”, “plan”, “forecast”, “venture”, “estimate”, “outlook”, or the unfavorable thereof or different comparable expressions regarding issues that aren’t historic information. Examples of such statements embody, however usually are not restricted to, statements with respect to the targets and enterprise plans of the Firm; product improvement, commercialization technique and future collaborations.
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Ahead-looking info includes recognized and unknown dangers, uncertainties and different components which will trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info, together with, with out limitation, dangers regarding the long run enterprise plans of the Firm; dangers that the Firm will be unable to retain its key personnel; dangers that the Firm will be unable to safe financing on affordable phrases or in any respect, in addition to all the different dangers as described within the Firm’s administration dialogue and evaluation for yr ended December 31, 2020 below the heading “Dangers and Uncertainties”. Accordingly, readers mustn’t place undue reliance on any such forward-looking info. Additional, any forward-looking info speaks solely as of the date on which such assertion is made. New components emerge every now and then, and it isn’t attainable for the Firm’s administration to foretell all of such components and to evaluate upfront the influence of every such issue on the Firm’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary materially from these contained in any forward-looking info. The Firm doesn’t undertake any obligation to replace any forward-looking info to mirror info or occasions after the date on which it’s made or to mirror the incidence of unanticipated occasions, besides as required by legislation, together with securities legal guidelines.
The CSE doesn’t settle for accountability for the adequacy or accuracy of this launch.
A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4ba6c99-6b8f-4f5c-875e-f8bf029b13b7
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