Eve & Co Announces Licensing Agreement With Colio Estate Wines Girls Night Out and Eve & Co Partner as Sister Brands

Eve & Co Incorporated (TSX-V: EVE; OTCQX: EEVVF) announces that its wholly-owned subsidiary, Natural MedCo Ltd., has signed a supply agreement with Colio Estate Wines, one of Canada’s leading wineries and the company behind the top-selling domestic flavoured wine beverage brand, Girls’ Night Out1 on August 5, 2020. 

Eve & Co, through its wholly-owned subsidiary NMC, holds cultivation and processing licences under the Cannabis Act (Canada) for the production and sale of various cannabis products, including dried cannabis, cannabis plants and extraction of cannabis oil and has received its European Union certificate of Good Manufacturing Practice. NMC was Canada’s first female-founded licensed producer of medicinal marijuana and received its cultivation licence from Health Canada in 2016. Eve & Co is led by a team of agricultural experts and has a licensed 1,000,000 square foot greenhouse located in Strathroy, Ontario.

Colio’s story is one of patience, determination, and perseverance – qualities that remain instilled today at the heart of their winemaking practices and spirit. It was along the Lake Erie Shore, the southernmost and warmest wine region of Ontario, where three Italian bricklayers named Alfredo, Enzo and Tiberio decided to fulfill their lifelong dream of building a world-class winery.

Forty years later, consumers continue to enjoy the rewards of the hard work and craftsmanship that go into every bottle that Colio produces. The picturesque winery is located in Harrow in the heart of the Essex / Pelee Island Coast Wine Country. Its wines are available at provincial liquor stores and any of the fourteen Colio Boutiques across the province.

The supply agreement contemplates developing a premium cannabis-infused wine-based beverage for distribution by Eve & Co and licensing for the Girls’ Night Out brand. The term of the license agreement is for an initial three-year period with a two-year option in favour of NMC and contemplates licensing royalties for the cannabis-infused beverage to enter the adult-use market in 2020.

 “We are very excited to be working with Colio and the tremendous team behind the Girls’ Night Out brand. The combination of Colio’s expertise with our high-quality cannabis extract allows us to provide consumers with a new cannabis-infused beverage which aligns very well with our female-oriented vision,” said Melinda Rombouts, President and Chief Executive Officer (“CEO”) of Eve & Co.

Jim Clark, President and CEO of Colio noted that “Colio is delighted to be working with Eve & Co to produce a new cannabis-infused beverage that builds on the success of the Girls’ Night Out brand at satisfying the tastes and palates of female wine aficionados or connoisseurs.”