As COVID-19 Spreads, Hand Sanitizer Has Become a Hot Commodity

Houston, Texas--(Newsfile Corp. - April 1, 2020) - Hand sanitizer has become a scarce commodity.

In fact, thanks to COVID-19 panic buying, retailers are struggling to keep cleaning products on the shelves, most notably hand sanitizer.

Amazon.com, Target, Walmart are all out of supply.

During the last week of Feb. 2020, for example, sales were up 300% year over year, reports CNBC. The first week of March 2020, hand sanitizer sales were up another 470% year over year. All as health officials around the world have told people to keep their hands clean at all times. The Centers for Disease Control and Prevention, for example, says that when it comes to preventing the spread of coronavirus, "if soap and water are not readily available, use a hand sanitizer that contains at least 60% alcohol."

In addition, according to Fior Markets, "The demand for hand sanitizers are increasing, with the growing coronavirus crisis rapidly across the globe. With the outbreak of the global pandemic, the need for hand sanitizers has quadrupled and an increase in the overall growth of 16x from December 2019 to March 2020."

With the coronavirus story making the rounds, demand for hand sanitizer may only increase.

One of the Potential Beneficiaries is Yield Growth Corp.

Health Canada just granted approval for Urban Juve's liquid hand sanitizer to be manufactured in Canada. This approval was earned on March 27 2020 from Health Canada's Natural and Non-prescription Health Products Directorate (NNHPD), issuing Product License NPN 80097926. The approval was granted within one week of the application being submitted. This fast track approval will allow Urban Juve to complete an initial manufacturing run more quickly than the estimated 60-day schedule announced last week.

To protect against coronavirus disease 2019 (COVID-19), the Center for Disease Control advises to clean hands often with soap and water for at least 20 seconds, or if soap and water are not readily available, to use a hand sanitizer with at least 60% alcohol. Urban Juve's natural hand sanitizer liquid spray contains 65% alcohol, which is in line with Health Canada guidelines, and also has a refreshing and clean blend of peppermint, lavender and orange peel oils, all of which are known for their disinfecting properties and their ability to promote optimum skin health.

"We hope to have our hand sanitizer for sale direct to consumers on UrbanJuve.com within the next 30 days. This launch is a part of our efforts to meet the enormous and growing market demand for hand sanitizers as we battle the coronavirus in Canada," said Penny White, CEO of Yield Growth. "I'm so impressed with the speed and efficiency with which Health Canada handled our application," said White.

"It's comforting to see governments taking fast action on this crisis, and we are tremendously thankful to all of the policy makers in Canada and all around the world who are working tirelessly to come up with policies to fight the health and economic crisis at hand. All packaging and raw materials have been secured for the initial production run. "We are also currently developing a gel hand sanitizer and intend to file a second Health Canada application shortly as well as an application with the FDA so that we will also be able to sell hand sanitizer in the United States."

For more information, visit the company's website at https://yieldgrowth.com.

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