Irwin Naturals Inc (IWINF)

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“7:30a ET 11/7/2022 - Globe Newswire
Irwin Naturals THC Products to be Available In Mississippi Dispensaries

Company announces licensing agreement with Mockingbird Cannabis in new medical marijuana marketGlobeNewswireNovember 07, 2022
LOS ANGELES, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) ("Irwin" or the "Company") announced today a licensing and supply agreement with Mockingbird Cannabis, LLC ("Mockingbird Cannabis") to produce and distribute Irwin Naturals THC products in Mississippi.

Klee Irwin, CEO of Irwin Naturals said, "For 28 years, we have safely cared for the health of our customers, and we look forward to being the trusted friend on the shelves of Mississippi dispensaries for medical marijuana. The state-of-the-art facility that Clint Patterson and his team have put together in Mississippi and their leading position in the market makes Mockingbird Cannabis the perfect partner as we seek to make Irwin Naturals THC products available in every state it is legal."

Clint Patterson, CEO Mockingbird Cannabis LLC said, "We're excited that Irwin Naturals chose us to produce and distribute this line of products. Irwin Naturals is a company that has made its name with first-in-class products, and we're excited to take this next step with them in Mississippi."

Irwin Naturals was founded in 1994,and has built itself into a brand recognized in 80 percent of American households1 with its best-in-class nutraceuticals, such as its famous "Power to Sleep." Irwin Naturals products are available in more than 100,000 stores in North America. Under this licensing agreement, Mockingbird Cannabis will augment Irwin Naturals products with THC and make them available to Mississippi dispensaries where they will be sold under the Irwin Naturals brand name.

Mockingbird Cannabis is the largest licensed medical marijuana cultivator currently operating in Mississippi. Its massive facility is located just outside Raymond, totaling more than 163,000 square feet with 16 grow rooms. It's expected to ultimately employ more than 200 people2. The property was formerly used by the state's Department of Revenue.

In 2020, Mississippi voters overwhelmingly approved an initiative to legalize marijuana for medical purposes. However, that initiative was struck down by the state's Supreme Court. The state legislature passed a bill earlier this year to legalize medical marijuana, and it was signed into law by the governor. As of last month, more than 100 dispensaries had been licensed by the state with the expectation that sales will begin by the end of the year.3 Mockingbird Cannabis is expected to be one of the first companies to have product that is ready to market.

Cannabis is now legal in the majority of states. However, because it is not legal at the federal level, products must be approved on a state-by-state basis. As a national brand, Irwin Naturals is leveraging its brand by reaching licensing agreements with cannabis manufacturers on a state-by-state basis.”