Indus Holdings, Inc. Launches New Lineup of Moon Edibles, Announces Return of Seasonal Favorites

Cannabis-infused gummies and mints make their debut alongside popular Pumpkin Spice Orbit and Peppermint Parallax chocolate bars

SALINAS, Calif., Sept. 29, 2020 (GLOBE NEWSWIRE) -- Because one good trip deserves another, California cannabis leader Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF) is expanding its lineup of best-selling MOON edibles with all-new MOON gummies and mints, while announcing the return of two out-of-this-world seasonal flavors – back by popular demand.

Announcing two new additions to our award-winning lineup;

• All New Moon Gummies: Our new 5mg THC MOON gummies are sold in tin packs of 20. The debut flavor lineup includes: Tropical Sunrise, a sativa blend of bright mango and juicy pineapple flavors; Fruit Punch, a hybrid mix featuring the taste of wild strawberries, red raspberries, and citrus; and Blueberry Lemonade, an indica blend of sweet and sour – perfect for the after-work unwind.
• All New Moon Mints: Each one of these new mints contain 2.5mg THC and is sold in servings of 40. As with our MOON gummies, the mints are created using all-natural ingredients without a hint of cannabis taste.

And, the refined return of two seasonal favorites;

• The Pumpkin Spice Orbit Bar: A terpene-enriched hybrid edible chocolate bar – a uniquely crafted blend of 10mg THC, Guittard chocolate, and Amoretti flavoring – is back just in time for fall.
• The Peppermint Parallax Bar: a classic 10mg THC, the terpene-enriched, hybrid dark chocolate will return to retailers in early November just in time to fill stockings abound with holiday cheer.

“MOON edibles have gained an incredible following since they were introduced to the market more than five years ago. Since that time, countless customers across the state have come to love Moon for our delectable chocolates offered at unmatched value,” explains Indus Holdings, Inc. Co-Founder and Chief Executive Officer Mark Ainsworth. "The product expansion brings a well-known name to new categories that vastly expand the brand’s revenue potential.”

MOON products – a range of bars and bites in a variety of delectable flavors – have been among the top 2 best-selling chocolate edible brands in California since 2016. The brand is recognized for offering the best value per milligram and for its locally-sourced chocolate from the acclaimed Guittard Chocolate Company, a family owned and operated brand recognized the world over for its 150-year commitment to confectionary perfection at its purest.

As the new products take flight, Indus Holdings, Inc. will continue to expand its MOON offerings in the coming months, using breakthrough, in-house nano-emulsion technologies that will ensure the best results for consumers while paying tribute to MOON’s intergalactic origins.

For more information about MOON products, visit moonmegadose.com.

About Indus Holdings, Inc.
Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF) is a vertically-integrated cannabis company with advanced production capabilities, including cultivation, extraction, manufacturing, brand sales & marketing, and distribution. Founded in 2014 and based in Salinas, California, Indus offers services supporting every step of the supply chain and an extensive portfolio of award-winning brands, including Cypress Cannabis, House Weed, The Original Pot Co., MOON, Humble Flower, and Kaizen Medicinals. Indus Distribution, a division of Indus Holdings, Inc., is a leading distributor of cannabis products, servicing an extensive portfolio of brands and licensed retailers.

Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Indus’ beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Indus’ control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved.” The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of the Company to successfully achieve business objectives (including completion of renovations and increasing production capacity), and expectations for other economic, business, and/or competitive factors. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Indus’ current beliefs and is based on information currently available to Indus and on assumptions Indus believes are reasonable.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Indus to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; operating and development costs; competition; changes in legislation or regulations affecting Indus; the timing and availability of external financing on acceptable terms; the available funds of Indus and the anticipated use of such funds; delay or inability to complete an acquisition; favorable production levels and outputs; the stability of pricing of cannabis products; the level of demand for cannabis product; the availability of third-party service providers and other inputs for Indus’ operations; lack of qualified, skilled labor or loss of key individuals; and risks and delays resulting from the COVID-19 pandemic. A description of additional assumptions used to develop such forward-looking information and a description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Indus’ disclosure documents, such as Indus’ listing statement filed on the SEDAR website at www.sedar.com. Although Indus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement.

The forward-looking information contained in this news release represents the expectations of Indus as of the date of this news release and, accordingly, is subject to change after such date. However, Indus expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law. Neither the Canadian Securities Exchange nor its Regulation Service Provider has reviewed, or accepts responsibility for the adequacy or accuracy of, the content of this news release.

Released September 29, 2020