AgraFlora Organics Submits Response to Request for More Information from Health Canada and Moves Towards Processing Licence i...
02 Octobre 2020 - 7:44PM
AgraFlora Organics International
Inc. (“
AgraFlora” or the
“
Company”)
(
CSE: AGRA
) (Frankfurt:
PU31
) (OTCPK: AGFAF) is pleased to announce that
the Company has submitted a formal response to Health Canada’s
first Request for More Information (“RMI”) regarding the Standard
Processing License (the “
Manufacturing
License”) application for AgraFlora’s
51,000-Square-foot fully-automated edibles manufacturing facility
in Winnipeg, Manitoba (the “
Edibles Facility”).
The RMI response is a key step towards achieving the Standard
Processing License at the Edibles Facility. On May 28, 2020 (see
press release dated June 3,2020), AgraFlora submitted its site
evidence package to Health Canada for the Manufacturing License.
On August 27, 2020 (See press release dated
August 27, 2020) the Company launched Research and Development
(“R&D”) trials through the Company’s Health
Canada R&D license, to dial in formulations for cannabis
activated pectin and gelatin gummies, hard candy, and sugar-free
variants. The Company is currently in discussions with multiple
Canadian cannabis companies with respect to product development and
formulation as an R&D service. AgraFlora believes that R&D
services contracts are a critical path to long-term production
relationships.
James Fletcher, EIC Co-Founder and Operational
Manager stated, "Obtaining the Manufacturing License at the Edibles
Facility is a major milestone for the Company and today we
completed an important step by submitting our RMI request. I
believe we have submitted a strong application, and, with today’s
RMI clarifications, we are one step closer towards receiving the
Manufacturing License and commencing commercial operations at the
Edibles Facility. Our internal R&D trials have yielded strong
results which have given us recipes for favourable flavour,
texture, and manufacturing efficiencies. We’ve also been able to
identify flavours and formulations that effectively mask or
compliment the distinctive flavour of our cannabis inputs. Our
whole team is excited to take what we’ve learned and apply it to
client formulations under our R&D License, transitioning to
commercial manufacturing when the Manufacturing License is
obtained.”
About
AgraFlora Organics International
Inc.AgraFlora Organics International Inc. is a leading
cannabis company building shareholder value through the development
of revenue generating operating assets in the global cannabis
industry. AgraFlora is focused primarily on the Canadian cannabis
industry; the world’s most advanced and regulated legal cannabis
market. Flagship Canadian assets include: Edibles & Infusions,
a fully automated manufacturing facility in Winnipeg, MB for
white-label and consumer branded edible production; Propagation
Services Canada, a large-scale commercial greenhouse in Delta, BC
focused on reshaping the Canadian flower market with high-potency,
low cost cannabis flower, and AAA Heidelberg, a craft focused
cannabis producer in London, ON. In addition, AgraFlora’s wholly
owned subsidiary Farmako GmbH is scaling towards its goal of being
Europe’s leading distributor of medical cannabis. Farmako currently
has active distribution operations in Germany and expects to
commence active operations in the United Kingdom in 2020. For more
information please visit: https://agraflora.com/.
About Edibles and
Infusions Corporation
Edibles and Infusions Corporation is a joint
venture formed between AgraFlora and one of North America’s leading
confectionary manufacturing families. The Joint Venture partner is
one of Canada’s oldest confectionary companies with over 100 years
of active operations, and currently supplies confectionary and
candy to over 20,000 locations throughout North America. Edibles
and Infusions is constructing a purpose built, highly automated
facility located in Winnipeg, MB. The facility employs
state-of-the-art manufacturing equipment to produce
pharmaceutical-grade quality cannabis edibles with a precise level
of consistency for improved dosing accuracy, consistent consumer
experiences and increased consumer safety. Edibles and Infusions is
one of a small group of Canadian companies to successfully obtain a
Research and Development License from Health Canada for edibles
formulation testing and expects to commence fully-licensed
manufacturing operations in 2020.
ON BEHALF OF THE BOARD OF DIRECTORSNicholas
KonkinE: ir@agraflora.comT: (800) 783-6056
For French inquiries:
Maricom Inc. Remy
Scalabrini E:
rs@maricom.ca T: (888) 585-MARI
The CSE and Information Service Provider have not reviewed and
does not accept responsibility for the accuracy or adequacy of this
release.
Forward-looking Information Cautionary
StatementExcept for statements of historic fact this news
release contains certain “forward-looking information” within the
meaning of applicable securities law. Forward-looking information
is frequently characterized by words such as “plan” “expect”
“project” “intend” “believe” “anticipate” “estimate” and other
similar words or statements that certain events or conditions “may”
or “will” occur. Forward-looking statements are based on the
opinions and estimates at the date the statements are made and are
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those anticipated in the forward-looking statements including but
not limited to delays or uncertainties with regulatory approvals
including that of the CSE. There are uncertainties inherent in
forward-looking information including factors beyond the Company’s
control. There are no assurances that the business plans for
AgraFlora Organics described in this news release will come into
effect on the terms or time frame described herein. The Company
undertakes no obligation to update forward-looking information if
circumstances or management’s estimates or opinions should change
except as required by law. The reader is cautioned not to place
undue reliance on forward-looking statements. Additional
information identifying risks and uncertainties that could affect
financial results is contained in the Company’s filings with
Canadian securities regulators which are available at
www.sedar.com.
Agra Ventures (CSE:AGRA)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Agra Ventures (CSE:AGRA)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024