Emerald Health Therapeutics Announces Pure Sunfarms’ Initial Cultivation and Sales License for Second Greenhouse
25 Mai 2020 - 1:00PM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) announces that its joint venture for large-scale, low-cost,
high-quality cannabis production, Pure Sunfarms, has received from
Health Canada its cannabis cultivation and sales licence based on
an initial production area within its second 1.1 million square
foot greenhouse facility in Delta, British Columbia (the “Delta 2
facility”), allowing it to expand capacity as needed through
successive license amendments. The Delta 2 facility is adjacent to
its established, fully operating 1.1 million square foot Delta 3
greenhouse facility and, when in production, is expected to
contribute to further lowering Pure Sunfarms’ already industry
leading cost of cultivation.
On the heels of the leading market share
performance of its British Columbia-grown dried cannabis products1,
Pure Sunfarms is now preparing to roll out its first bottled
cannabis oils and Cannabis 2.0 offerings this summer. Pure
Sunfarms’ Cannabis 2.0 roll-out will begin with a selection of
pre-filled 510 vape cartridges, available in the extract forms
of its top-selling1 dried cannabis strains, as well as a
selection of disposable vape pens – all under the highly regarded
and well trusted Pure Sunfarms brand.
“The ongoing expansion of Pure Sunfarms’
cultivation capacity and extension of its product lines will
continue to expand its flexibility and competitiveness to offer
consumers choices that meet their preferences in form, quality, and
value – which are already being met as seen through Pure Sunfarms’
stellar performance, for example, in Ontario1,” said Riaz Bandali,
President and Chief Executive Officer of Emerald. “We expect Pure
Sunfarms’ to continue to build on its operating and market
leadership in its broad segment of the market.”
1. Market share performance is based on
calculations by Pure Sunfarms from sales information provided by
the Ontario Cannabis Store.
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
Neither the TSX Venture Exchange nor its
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. Such statements
include the filing of annual and quarterly documents.
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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