Yield Growth Submits Second Hand Sanitizer Formula to Health Canada for Approval – Yahoo Finance

The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) (“Yield Growth”) announces its second Natural Health Product (NHP) application submitted to Health Canada for expedited approval under the new fast track policy; this application is for Urban Juve hand sanitizer gel.

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This application follows Yield Growth’s recent successful expedited approval of its Urban Juve hand sanitizer liquid spray, and is part of the company’s continued efforts to meet the growing market demand for disinfecting products that can help battle the coronavirus in Canada.

“Our new hand sanitizing gel provides a convenient and effective option for consumers on-the-go. We intend to provide a variety of formulas in several sizes for our customers,” says Yield Growth CEO Penny White. “Yield Growth is well-positioned to take advantage of the rising demand for high-quality, natural products to support good health and fight infectious diseases.”

Yield Growth intends to increase revenues by offering products that are in high and sustainable consumer demand. It draws on existing, stability-tested formulas to bring these to market under new and existing brands.

Wholly owned subsidiary Urban Juve is enhancing its personal care line with the addition of several hand sanitizer products – a gel and a spray. Further, Urban Juve is developing a hand care line inclusive of a cleansing wash and a lotion, to combat irritation that occurs with consistent sanitization of one’s hands. It is also conducting research into plant-based therapeutics to fight infectious disease to inform its product roadmap.

Majority owned subsidiary Flourish Mushroom Labs continues product development of its functional mushroom coffees – formulas created to boost immunity. It is also progressing with research and development into therapeutic use of psychedelics.

Deemed an “essential service” in many Canadian provinces and U.S. states, cannabis dispensaries remain open through the COVID-19 pandemic. Given the uninterrupted consumer demand, Yield Growth is proceeding ahead with the development of a cannabis brand for distribution in Canada, Jack n Jane, planned for launch this fall. It intends to build on the success and learnings from its Wright & Well THC-infused pain management line, launched in Oregon several months ago.

“Crisis situations often present an opportunity to reflect upon and improve the way we do things,” says Bhavna Solecki, Yield Growth Director of Product Research. “Hand sanitizer can do more than just sanitize, which is why we have formulated our hand sanitizers inspired by Ayurvedic philosophy to promote ultimate skin health as well.”

The Urban Juve natural hand sanitizer gel contains 65% Ethyl alcohol, which is in line with Health Canada guidelines. To kill most viruses, a hand sanitizer requires at least 60% alcohol content. Urban Juve’s gel formula also contains witch hazel, aloe vera and a mixture of seven essential oils which are refreshing, invigorating and are known for their natural disinfecting properties: oregano, thyme, tea tree, cedar, eucalyptus, blood orange and lemon. Combined with aloe vera, these essential oils calm, hydrate and invigorate the skin. Witch hazel also has anti-inflammatory and antiviral properties and is often used in topical botanical skin care.