Emerald Health Therapeutics Releases First Harvest of Premium Cannabis from its 100%-Owned Cultivation Facility in Richmond, ...
06 Avril 2020 - 1:00PM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) has announced that the first shipment of its own unique
version of the cannabis strain, Chemdog, from its 100%-owned
Richmond facility is now available through the BC Liquor
Distribution Board’s online site and will become available in
certain licensed cannabis retail stores in British Columbia.
Emerald is expecting to receive orders from and ship this product
to Alberta, Saskatchewan, and Manitoba in the next few weeks.
Emerald’s version of Chemdog, a sativa-dominant
hybrid strain with 19-25% THC and 0-1% CBD, is the first of five
unique strains that Emerald is growing and harvesting in its new
Richmond, BC, operation. Linked to Nepalese and Thai sativa
landraces and crossed by US breeders during the 1970s, Chemdog is a
cultivar composed of OG Kush and Sour Diesel. The sticky buds and
leaves appear silver from a coating of white trichomes that give
off an earthy aroma of citrus and lavender with undertones of
pepper and pine.
The design of Emerald’s Richmond growing
operation allows access to the generous amount of sunshine in a
natural sunbelt, while still being extremely close to key
distribution and transportation hubs. The facility consists of two
78,000 square foot purpose-built greenhouses: the first one is
fully licensed and now in full production; the second one is about
90% complete and should be completed by year-end. This facility
employs the latest in state-of-the-art lighting and growing systems
to achieve the greatest possible control and flexibility to
optimize yield while also reducing environmental impact. Harvested
cannabis is processed using artisanal drying, curing and trimming
techniques to produce an authentic cannabis experience for its
customers.
The operation is certified by Pro-Cert Organic
Systems, an accredited Canadian Food Inspection Agency, to the
Canada Organic Regime. The facility is naturally growing cannabis
in organic soil, which can be used over many years, is using
approved organic pest management tools and fertilizers, and is on
the path to produce fully organic cannabis.
Emerald Richmond is rolling out product launches
and is prepared to provide ongoing supply with a focus on Western
Canada. Emerald will serve most of its eastern Canadian customers,
including those in Quebec, from its second wholly-owned premium
indoor grow operation, Verdelite, in St. Eustache, QC.
“At Emerald Richmond, our skilled organic
growers and operations team set out to grow some of the most
challenging but appreciated strains of cannabis and deliver to
discerning customers their desired product attributes. With our
team’s broad expertise and care, our first harvests of Chemdog and
other strains are already meeting these expectations and setting us
up for multiple medical and adult-use products,” said Riaz Bandali,
President & CEO, Emerald Health Therapeutics.
“Our two wholly-owned specialty facilities were
purpose-built to cultivate and process premium cannabis to supply
medical, adult use and organic cannabis markets. These facilities
will now provide for all of our cannabis input product to serve our
focus on advancing cannabis science to develop value-added
products. We are already selling an acclaimed high-purity, high-CBD
oil and intend to introduce new products in the next quarters. With
our Richmond and St. Eustache, Quebec, facilities in full
production, we are pleased about our prospect to strongly position
Emerald in the premium segment of the market and for the
opportunity to directly grow our sales and profit while continuing
to hold a significant stake in our large-scale Pure Sunfarms joint
venture, which is quickly becoming a market leader in the value
segment of the Canadian cannabis market.”
About Emerald Health
Therapeutics
Emerald Health Therapeutics, Inc. is committed
to cutting-edge cannabis science to create new consumer experiences
with distinct recreational, medical and wellness-oriented cannabis
and non-cannabis products. With an emphasis on innovation and
production excellence, Emerald’s three distinct operating assets
are designed to uniquely serve the Canadian marketplace and
international opportunities. These assets, all in full production,
include: its Richmond, BC-based greenhouse operation (78,000 square
feet) capable of producing organic-certified product; Verdélite,
its premium craft cannabis production indoor facility in St.
Eustache, Québec (88,000 square foot); and Pure Sunfarms, its
41.3%-owned joint venture in Delta, BC, producing high quality,
affordably priced products (1.1 million square feet). Its Emerald
Naturals joint venture has launched a new natural wellness product
category with its non-cannabis endocannabinoid-supporting product
line and is expanding distribution across Canada.
Please visit www.emeraldhealth.ca for more information or
contact: Jenn Hepburn, Chief Financial Officer (800) 757 3536 Ext.
#5
Emerald Investor Relations(800) 757 3536 Ext.
#5invest@emeraldhealth.ca
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Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements: Certain statements made in this press release that are
not historical facts are forward-looking statements and are subject
to important risks, uncertainties and assumptions, both general and
specific, which give rise to the possibility that actual results or
events could differ materially from our expectations expressed in
or implied by such forward-looking statements.
We cannot guarantee that any forward-looking
statement will materialize, and readers are cautioned not to place
undue reliance on these forward-looking statements. These
forward-looking statements involve risks and uncertainties related
to, among other things, changes of law and regulations; changes of
government; failure to obtain regulatory approvals or permits;
failure to obtain necessary financing; results of production and
sale activities; results of scientific research; regulatory
changes; changes in prices and costs of inputs; demand for labour;
demand for products; failure of counter-parties to perform
contractual obligations; as well as the risk factors described in
Emerald’s annual information form and other regulatory filings. The
forward-looking statements contained in this press release
represent our expectations as of the date hereof. Forward-looking
statements are presented for the purpose of providing information
about management's current expectations and plans and allowing
investors and others to obtain a better understanding of our
anticipated operating environment. Readers are cautioned that such
information may not be appropriate for other purposes. Emerald
undertakes no obligations to update or revise such statements to
reflect new circumstances or unanticipated events as they occur,
unless required by applicable law.
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