Emerald Health Therapeutics’ Pure Sunfarms Joint Venture Begins Shipping Branded Products to Manitoba
24 Juillet 2020 - 1:00PM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) today announced that its joint venture for large-scale,
low-cost, high-quality cannabis production, Pure Sunfarms, has
begun shipping branded, packaged dried flower products to
Manitoba's licensed private sector retailers, with these products
available at the first 26 participating retailers in Manitoba
beginning this week.
Pure Sunfarms’ products are now available in
five of Canada’s six most populous provinces, representing more
than 70% of the Canadian population. Manitoba ranks as the
sixth largest Canadian province by cannabis sales, comprising
approximately 4.5% of the country’s total sales and has a higher
per capita spend on cannabis than the country average2.
“We are thrilled to further expand our presence
in Canada and make Pure Sunfarms’ products available to even more
Canadians by adding our fifth province,” said Mandesh Dosanjh,
President & CEO, Pure Sunfarms. “We are confident that the Pure
Sunfarms brand and products, with quality, signature strains at an
attractive price, will be received by Manitobans with the same
enthusiasm that they have been in Ontario, British Columbia,
Alberta and Saskatchewan.”
In addition, the Pure Sunfarms brand achieved
record sales (defined as sales of Pure Sunfarms products by
provincial boards to retailers, as well as sales by provincial
boards directly to consumers via their web sites) in Ontario,
British Columbia, and Alberta in aggregate for the four-week period
ending July 19, 2020. Sales during the final week of that four-week
period were also a record for a one-week period. Pure Sunfarms
continues to rank as the top-selling dried flower brand at the
Ontario Cannabis Store for the year to date.1
Pure Sunfarms is preparing to launch its first
bottled oil and vape products in the coming weeks and continues to
advance discussions with other provincial distributors for
potential supply agreements to further expand its presence in the
Canadian cannabis market.
Notes
1. Dried cannabis, by kilograms sold, for the
year to date period ended June 30, 2020. Market share performance
is based on calculations by Pure Sunfarms from sales information
provided by the Ontario Cannabis Store (OCS).
2. 12 months ended April 30, 2020. Source:
Statistics Canada.
About Emerald Health
TherapeuticsEmerald Health Therapeutics, Inc. is committed
to creating new consumer experiences with distinct recreational,
medical and wellness-oriented cannabis and non-cannabis products,
with an emphasis on life science-based 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
Metro Vancouver, 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 feet); and Pure Sunfarms, its 41.3%-owned
joint venture in Delta, BC, producing affordably priced quality
products (1.1 M square feet). Its Emerald Naturals subsidiary 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. #5
invest@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.
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.
Emerald Health Therapeut... (TSXV:EMH)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Emerald Health Therapeut... (TSXV:EMH)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024