MIAMI, March 12, 2018 (GLOBE NEWSWIRE) — Hip Cuisine Inc. (HIPC), a growing global nutritional foods company, is pleased to announce that it has entered into an agreement with Israel-based VeganNation to accept its soon to be launched cryptocurrency, VeganCoin in all of its store locations. In the future, anyone who has the VeganCoin will be able to come into any of its Hip Cuisine and RAWkin’ Juice locations and use the cryptocurrency in lieu of traditional cash to purchase items on the menu.
“We are excited to partner with VeganNation and join its community of like-minded individuals who believe that you can eat delicious and nutritious foods, be kind to animals, and leave a smaller carbon footprint. We look forward to utilizing the blockchain technology that VeganNation is developing to track our products from farm to table to ensure our customers receive 100% Organic products. We embrace what the founders of VeganNation are trying to accomplish and are very happy to be the very first vendor to accept its recently launched VeganCoin. We believe this technology can help connect vegans, who support one another and ensure their money is spent only on ethically agreeable items,” stated Natalia Lopera, the CEO of Hip Cuisine.
About Hip Cuisine
Hip Cuisine is a global nutritional foods company, that brings fresh, organic foods to the health-conscious consumer. The Company has two retail food locations in Panama City, through its subsidiary, Hip Cuisine Panama, as well as another 3 locations in Southern California through its subsidiary, RAWkin’ Juice. RAWkin’ Juice is a popular maker of organic-vegan juices and smoothies, salads, and desserts. Hip Cuisine also owns Living Gourmet, a line of fresh, organic raw-vegan foods, which include vegan burgers, sandwiches, burritos and soups. The Company also has various joint-ventures with select specialty food, beverage and lifestyle health brands, including an exclusive distribution agreement with Medidate Coffee, a gourmet antioxidant and protein-rich coffee made from date seeds, and a retailer agreement with Charlotte’s Web, a maker of high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) Cannabis extract marketed as a dietary supplement.
The Company’s corporate headquarters are located at 2250 NW 114th Ave. Unit 1P, PTY 11020, Miami, FL 33172, and has additional corporate offices in Balboa Boutiques, Ave. Balboa, Local 104, Panama City, Panama. Email questions to [email protected]
VeganNation is a decentralized community platform uniting people around veganism across the globe. The platform features an online marketplace for vegan products and services, which enables users to share vegan-focused content such as recipes, order food from vegan food sources, and facilitate community gathers. VeganNation will be launching VeganCoin, which is intended to be the first “cruelty-free” cryptocurrency and help to facilitate commerce between like-minded members of the vegan community to share a truly plant-based and environmentally conscious lifestyle.
For more information on VeganNation – www.vegannation.io
Forward Looking Statements
This document contains forward looking statements related to the transaction and business combination between Hip Cuisine and VeganNation, including statements regarding the benefits of the transaction. Forward looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including the following: expected synergies and other financial benefits of the transaction may not be realized; litigation related to the transaction or limitations or restrictions imposed by regulatory authorities may delay or negatively impact the transaction; unanticipated restructuring costs may be incurred or undisclosed liabilities assumed; attempts to retain key personnel and customers may not succeed; actions by competitors may negatively impact results; and, there may be negative changes in general economic conditions in the regions or the industries in which Hip Cuisine and VeganNation operate. Legal filings may identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this document. Readers are cautioned not to put undue reliance on forward-looking statements, and Hip Cuisine and VeganNation assume no obligation and do not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise.