VANCOUVER, Sept. 10, 2019 /CNW/ - Harvest One Cannabis Inc.
("Harvest One" or the "Company") (TSX-V: HVT;
OTCQX: HRVOF), through its wholly-owned subsidiary United
Greeneries Ltd. ("United Greeneries") announces that, on
September 6, 2019, it obtained an
amendment to its licence from Health Canada which will allow for
the sale of cannabis oil products.
Receiving a cannabis oil sales licence from Health Canada is a
significant milestone for Harvest One as we prepare formulations
for the next wave of cannabis products in Canada. New product development is currently
at an advanced stage through licensed third-party partners and we
will be launching a variety of vape and infused products when
regulations come into effect later this year. The licence also
enables the Company to commence initial sales of cannabis oil
products to provincial and private retailers in British Columbia, Ontario, Saskatchewan and Manitoba.
"Securing our cannabis oil licence from Health Canada is another
key step in the evolution of Harvest One as we get ready for the
next stage of legalization" said Grant
Froese, Chief Executive Officer of Harvest One. "We are
looking forward to launching infused products across all of our
brands including Royal High,
Satipharm, Dream Water and LivRelief™."
The Company's existing Health Canada approved non-cannabis based
products such as Dream Water and LivRelief™ provide a unique
differentiator for Harvest One. Those existing products position
the Company well to be an early entrant into the derivatives market
in Canada. When legal, Harvest One
will release new THC- and CBD-infused versions of these brands,
which products have already been developed by our formulation
team.
About Harvest One
Harvest One is a global cannabis company that develops and
provides innovative health, wellness, and selfcare products to
consumers and patients in regulated markets around the world. The
Company's range of solutions is designed to enhance quality of
life. Shareholders have significant exposure to the entire cannabis
value chain through four wholly-owned subsidiaries: United
Greeneries, a licensed producer; Satipharm (medical and
nutraceutical); and Dream Water Global and Delivra (CPG), and a
minority interest in Burb Cannabis (retail operations). For more
information, please visit www.harvestone.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future
events. Actual future results may differ
materially. The forward-looking information contained in this press
release is made as of the date hereof, and the Company is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
Neither TSX-V nor its Regulation Services Provider (as that
term is defined in the policies of the TSX-V) accept responsibility
for the adequacy or accuracy of this release.
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SOURCE Harvest One Cannabis Inc.
