New York, NY, April 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating Company that operates through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and equity investments, today announced that it has again increased its production of Tauri-Gum™ inventory to support the expansion of its Distribution opportunities. On April 8, 2019, the Company commenced its fourth production run (the “run”) and expects that its net inventory (on-hand) will exceed 27,500 Tauri-Gum™ blister packs (2,750 retail boxes) once the run is complete. The Company, as of today’s date, has fully paid for its previous three production runs (total of: $157,500) as well as 50% of the cost ($26,250 paid on April 10, 2019) of its fourth run. The Company can confirm that, excluding one-time costs, it is producing each Tauri-Gum™ blister pack (“pack” or “unit”) at an approximate cost of $6.00 per unit.
In other news, the Company has launched a social media marketing campaign to support its ongoing commercial launch and expansion into additional U.S. regions and retail markets. Tauriga has established an Instagram presence (link: https://www.instagram.com/tauri_gum/) and will implement marketing strategies to raise product awareness for its CBD Infused chewing gum. Between its E-Commerce transactions and expanded Distribution opportunities, the Company presently sells its product(s) to consumers throughout the United States. Therefore, this social media campaign is an important tool in enhancing the brand equity of Tauri-Gum™.
ABOUT TAURIGA SCIENCES INC.
Tauriga Sciences, Inc. (TAUG) is a revenue generating Company that operates through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities. One such opportunity on which the Company has acted, involves the Company having entered into the cannabidiol (or “CBD”) infused chewing gum product business, as more fully described above and in prior press releases. This CBD infused chewing gum product has been branded under the following name: Tauri-Gum™. See also our periodic reports filed by us with the SEC for a more complete description of our business and material agreements that we have entered into. Further, the Company continues to identify and evaluate additional potential opportunities to generate revenue, as well as shareholder value, and leverage its resources and expertise to build a diversified and sustainable business model. Please visit our corporate website at www.tauriga.com.
In addition, on March 11, 2019, the Company announced the official launch of its E-Commerce site - as part of its Tauri-Gum™ commercialization strategy. This site can be accessed by visiting the following URL address: www.taurigum.com
This press release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 which represent management’s beliefs and assumptions concerning future events. These forward-looking statements are often indicated by using words such as “may,” “will,” “expects,” “anticipates,” believes, “hopes,” “believes,” or plans, and may include statements regarding corporate objectives as well as the attainment of certain corporate goals and milestones. Forward-looking statements are based on present circumstances and on management’s present beliefs with respect to events that have not occurred, that may not occur, or that may occur with different consequences or timing than those now assumed or anticipated. Actual results may differ materially from those expressed in forward looking statements due to known and unknown risks and uncertainties, such as are not guarantees of general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to consummate successful acquisition and licensing transactions, fluctuations in exchange rates, and other factors over which Tauriga has little or no control. Many of these risks and uncertainties are discussed in greater detail in the “Risk Factors” section of Tauriga’s Form 10-K and other filings made from time to time with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release, and Tauriga assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. You should not place undue reliance on these forward-looking statements.