INDIVA SIGNS EXCLUSIVE LICENSING AND MANUFACTURING AGREEMENT…


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indiva-signs-exclusive-licensing-and-manufacturing-agreement…

INDIVA TO BRING DIME’S INNOVATIVE VAPE BRAND PORTFOLIO TO CANADA

, /PRNewswire/ – Indiva Limited (the “Company” or “Indiva“) (TSXV: NDVA) (OTCQX: NDVAF), the main Canadian producer of hashish edibles, is happy to announce that it has entered right into a licensing and manufacturing settlement (the “Agreement”) with California-based Dime IndustriesTM Inc. (“Dime”) to deliver its revolutionary vape model portfolio to Canada. Following on Indiva’s success in producing and distributing the highest promoting sweets and gummies in Canada, the launch of Dime merchandise in Canada will develop Indiva’s portfolio to incorporate revolutionary vape merchandise, incorporating proprietary {hardware} and hashish formulations. The preliminary time period of the Agreement is for 5 years, with the Agreement robotically renewing for 3 extra five-year phrases.

Dime’s headquarters is predicated in Orange County, California. Founded and led by Mike Marz, Dime is among the main producers of hashish vape merchandise in the United States. Dime’s vape portfolio contains ten completely different flavours, every of disposable and 510 thread carts, in addition to a number of flavours of reside resin carts. Dime at the moment manufactures and distributes its merchandise in California, Arizona and Oklahoma, the place it’s legally permissible to take action underneath relevant state legal guidelines.

“We are delighted to accomplice with Dime to deliver their revolutionary model of proprietary, high-quality vape merchandise to the Canadian market,” mentioned Niel Marotta, Chief Executive Officer of Indiva. “This is our first entrance into the vape class in Canada, and we couldn’t be extra excited concerning the high quality of our chosen licensing accomplice and their merchandise. Indiva distributes merchandise to all 13 provinces and territories in Canada, and stays dedicated to rising its top-line and market share organically in Canada -adding vapes to our portfolio of award-winning merchandise is predicted to assist Indiva accomplish simply that. We are very excited to deliver Dime vape merchandise to Canadian hashish fanatics.”

“Dime Industries and its complete group are excited and desperate to serve the Canadian market with our new companions at Indiva,” mentioned Mike Marz, Founder and Chief Executive Officer of Dime.

Indiva intends to start manufacturing of Dime vape merchandise in Canada as quickly as potential, with preliminary deliveries to provincial wholesalers focused for Q3 2022.

ABOUT DIME INDUSTRIES

Dime IndustriesTM is based and led by hashish pioneer Mike Marz. Based in Orange County, California, Dime manufactures and distributes vape merchandise which incorporate proprietary {hardware} and hashish formulations. Dime additionally manufactures extract merchandise. Dime merchandise are at the moment out there in California, Arizona, and Oklahoma, with a number of new markets anticipated to be added in 2022. Dime –Think Higher.

Connect with Dime on Instagram, Facebook, or on their web site — http://www.dimeindustries.com/

ABOUT INDIVA

Indiva units the usual for high quality and innovation in hashish. As a Canadian licensed producer, Indiva produces and distributes award-winning hashish merchandise nationally, together with Bhang® Chocolate, Wana Sour Gummies, Slow Ride Bakery Cookies, Jewels Cannabis Tarts, Ruby® Cannabis Sugar, Grön edibles, Dime IndustriesTM vape merchandise, in addition to capsules, pre-rolls and premium flower underneath the INDIVA and Artisan Batch manufacturers. Click right here to attach with Indiva on LinkedIn, Instagram, Twitter and Facebook, and right here to search out extra info on the Company and its merchandise.

DISCLAIMER AND READER ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) has in any manner handed upon the deserves of the contents of this information launch and neither of the foregoing entities accepts duty for the adequacy or accuracy of this information launch or has in any manner accredited or disapproved of the contents of this information launch.

Certain statements contained on this information launch represent forward-looking info. These statements relate to future occasions or future efficiency. The use of any of the phrases “might”, “intend”, “anticipate”, “consider”, “will”, “projected”, “estimated” and comparable expressions and statements referring to issues that aren’t historic details are supposed to determine forward-looking info and are primarily based on the events’ present perception or assumptions as to the end result and timing of such future occasions. Actual future outcomes might differ materially. In specific, this information launch incorporates forward-looking info referring to, amongst different issues, the Company’s future operations, future outcomes, future product choices (together with the timing of the introduction of latest product choices) and compliance with relevant rules. Various assumptions or components are usually utilized in drawing conclusions or making the forecasts or projections set out in forward-looking info. Those assumptions and components are primarily based on info at the moment out there to the events. The materials components and assumptions embrace the events with the ability to keep the mandatory regulatory and different third events’ approvals and licensing and different dangers related to regulated entities within the hashish trade, future gross sales, the demand for the Company’s merchandise and hashish merchandise typically and the continued operations of the Company within the abnormal course. The forward-looking info contained on this information launch is made as of the date hereof and the Company shouldn’t be obligated to, and doesn’t undertake to, replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines. Because of the dangers, uncertainties and assumptions inherent in forward-looking info, traders shouldn’t place undue reliance on ahead wanting info. The foregoing statements expressly qualify any forward-looking info contained herein.

All info contained on this information launch with respect to Indiva and Dime was provided by the respective occasion for inclusion herein, and every occasion and its administrators and officers have relied on the opposite occasion for any info regarding the different occasion.

SOURCE Indiva Limited


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