INDVR Brands Inc.Announces Filing of Financial Statements

INDVR Brands, Inc. (CSE: IDVR) (the “Company” or “INDVR Brands” or “INDVR”), a leading cannabis brand house and producer of infused products, is pleased to provide an update operational day on its operations, including its process for moving to a fully licensed manufacturer.

INDVR Takes Steps To Solidify It As Colorado’s First Fully Licensed Manufacturer

With the completion of the Strainz acquisition in June 2021, INDVR is in the final stages of processing the transfer of its Colorado manufacturing license from Bronnor Corp. at the American subsidiary of INDVR Brands. When completed, INDVR will be one of Colorado’s leading producers of Marijuana Infused (PIM) products, with a state-of-the-art, GMP-compliant 25,000 square foot facility (the facility). The facility currently manufactures popular infused products including Strainz, Bullet, HotBox, Cheech’s Private Stash, Smokiez, Ganjala, 7Sacred and its latest brand Millies; a 40 pack of 2.5 mg cannabis infused hard nuts. Bronnor currently manufactures over 100 SKUs across these brands, including edible gummies, chocolates, vapes and pre-rollers, and can accommodate wet processing for extracted oils, beverages and edibles as well as the dry processing to make soluble pills and tablets. INDVR is actively pursuing the launch of several additional products through the near term installation as it emerges as a leading brand house. Management anticipates that the license transfer will be completed in early spring 2022, which will allow all revenue generated in Colorado to be consolidated into the Company’s balance sheet.

Relaunch an iconic brand

INDVR recently reintroduced Cheech’s Private Stash to the Colorado market, marking its first new product launch since closing its acquisition of Strainz earlier this year. Cheech’s Private Stash is a carefully curated selection of high potency pre-rolls and cannabis infused chews that borrow influences from the life of Cheech Marin who grew up in eastern LA. Sourced from Colorado’s most trusted producers, Cheech’s Private Stash Pre-Rolls provide consumers with a predictable, rich and satisfying experience. Available in Sativas, Indicas and Hybrids, Cheech’s Private Stash has something for everyone. In addition, the Company is also working to bring the brand to the Pacific Northwest through affiliated licensed facilities and its distribution arm.

“We are excited about the progress we are making in reinventing INDVR as a manufacturer of high quality cannabis and hemp products and as a premier brand house,” said Hugh Hempel, CEO of INDVR . “We are very well positioned in an established market that currently produces access to one million cannabis plants per month.*. We look forward to building on the success of our recent acquisition and providing exceptional products to our customers. “

About INDVR Brands Inc.

INDVR is focused on growing its popular hemp and cannabis brands across North America. We are committed to becoming a leading and globally recognized “House of Brands”, owning a portfolio of award-winning products with a broad market footprint. For consumers, INDVR seeks to be the recognized source of a broad portfolio of the highest quality hemp and cannabis products tailored to meet health and lifestyle needs. INDVR’s leadership team brings expertise in manufacturing and retail operations, hemp and cannabis R&D, and cannabis cultivation, all working together to support an expansion plan in the United States. through organic growth and accretive acquisitions.

Additional information

Additional information regarding INDVR is available under INDVR’s SEDAR profile at www.sedar.com. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Investor Information
Canadian Contact:
Scott Koyich,
Investor Relations
[email protected]
Telephone: +1 (403) 619-2200

Disclaimer and forward-looking information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “anticipate”, “could”, “intend”, “expect”, “believe”, “will”, “projected”, “potential”, “estimated” and similar expressions and statements concerning matters which are not historical facts are intended to identify forward-looking information and are based on the current belief or assumptions of the parties as to the outcome and timing of such future events. Actual future results may differ materially. These statements are only predictions. Readers are cautioned that the assumptions used in preparing this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, as such, forward-looking statements should not be relied on unduly. The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

The forward-looking information contained in this press release is made as of the date hereof and the parties are under no obligation to update or revise the forward-looking information, whether as a result of new information, future events or otherwise, except if required by securities laws. Due to the risks, uncertainties and assumptions contained in this document, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

To the extent that any forward-looking information contained in this press release constitutes “forward-looking financial information” or “financial outlook” within the meaning of applicable Canadian securities laws, such information is provided to demonstrate the anticipated product sales of the Company and The reader is cautioned that this information may not be appropriate for other purposes and that the reader should not place undue reliance on this forward-looking financial information and financial outlook. Forward-looking financial information and financial outlook, like forward-looking information in general, are, without limitation, based on assumptions and subject to the risks set out above under the section “Warning and forward-looking information”.

Cannabis is legal in some states of the United States (“US”), but cannabis remains illegal under US federal laws. INDVR Brands intends to conduct its cannabis operations in the United States in a manner consistent with applicable state laws and in compliance with applicable regulatory and licensing requirements in the relevant state. However, readers should be aware that any change in federal enforcement guidelines could negatively affect the ability of the INDVR brand to access the private and public capital necessary to support ongoing operations and its ability to operate in the States. United.

Unlike Canada which has federal legislation uniformly governing the cultivation, distribution, sale and possession of cannabis under the (federal) Cannabis Act, readers are cautioned that in the United States, cannabis is widely regulated at the state level. Notwithstanding the permissive regulatory environment for medical cannabis at the state level, cannabis continues to be classified as a controlled substance under the Controlled Substances Act in the United States and, as such, practices or activities related to the cannabis, including, without limitation, the manufacture, importation, possession, use or distribution of cannabis is illegal under US federal law. Strict adherence to state cannabis laws will not relieve INDVR Brands of its liability under US federal law, nor will it constitute a defense to any federal proceeding, which may be brought against INDVR Brands. Any such proceeding against INDVR Brands may have a material adverse impact on its operations and financial performance in the US market.

Comments are closed.