LONDON, Ontario, Aug. 17, 2021 (GLOBE NEWSWIRE) — Indiva Limited (the “

Company

” or “

Indiva

”) (TSXV:NDVA) (OTCQX:NDVAF), the leading Canadian producer of cannabis edibles, is pleased to announce the launch of Slow Ride Bakery Cookies (“

Slow Ride Cookies

”). Following on the success of Bhang

^®

Chocolate and Wana

™

Sour Gummies, the top selling chocolates and gummies respectively in Canada, the launch of Slow Ride Cookies is Indiva’s first product in the “baked goods” edibles sub-category.

Slow Ride Cookies are produced in Ottawa by Slow Ride Bakery, a micro-processor founded and operated by husband and wife team Vik and Karen Dhawan. Slow Ride Cookies are hand-made in small batches to ensure freshness and quality. The cookies will initially be available in three flavours: Big Chocolate, Spicy Ginger and Peanut Butter. Each package will contain one cookie, weighing 20 grams, and will contain 10mg of THC.

“We are delighted to partner with the Slow Ride Bakery team to bring their handmade cookies to market,” said Niel Marotta, CEO of Indiva. “Indiva is committed to innovation, and we remain driven to continue to bring products to market that expand the selection of legal cannabis edibles and delight our customers. While the launch of Slow Ride Cookies in Ontario represents Indiva’s first baked goods to be made available in the Canadian cannabis market, we expect further seasonal offerings and wider national distribution to follow.”

“Vik and I are thrilled to be able to bring Slow Ride Bakery products to Canadians by partnering with Indiva,” said Karen Dhawan, Co-Founder of Slow Ride. “With their expertise and support behind us, we have been able to garner the attention of Canada’s largest legal marketplace, the OCS. Our facility is quickly expanding to meet customer demand, and we couldn’t be more excited to share our delicious handmade cookies with our fellow cannabis users.”

Initial deliveries to the OCS were completed in late July, and all three flavours are now available in stores in Ontario, and online at the OCS.ca. Indiva expects to expand distribution of Slow Ride Cookies to other provinces and channels in the coming months.

ABOUT INDIVA

Indiva sets the standard for quality and innovation in cannabis. As a Canadian licensed producer, Indiva produces and distributes award-winning cannabis products including Bhang

^®

Chocolate, Wana

™

Sour Gummies, Slow Ride Bakery Cookies, Jewels Chewable Tablets, Ruby

^®

Cannabis Sugar, Sapphire™ Cannabis Salt, as well as capsules, pre-rolls and premium flower under the INDIVA and Artisan Batch brands. Click here to connect with Indiva on


LinkedIn


,

Instagram

,


Twitter


and


Facebook


, and


here to find more information on the Company and its products.

CONTACTS


INVESTOR CONTACT

Anthony Simone

Phone: 416-881-5154

Email:

[email protected]

DISCLAIMER AND READER ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the contents of this press release and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

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 “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future results, future product offerings and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to maintain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry, future sales, the demand for the Company’s products and cannabis products generally and the continued operations of the Company in the ordinary course. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.