Canna Farms Selected as a Supplier to Ontario Retail Cannabis Market
07 Septembre 2018 - 1:00PM
VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF)
(“
VIVO” or the “
Company”) is
pleased to announce that its wholly-owned subsidiary, Canna Farms
Limited (“
Canna Farms”), has completed an
agreement with the Ontario Cannabis Store (the
“
OCS”) to supply the Province of Ontario with
high-quality cannabis products. Under the terms of the
agreement, Canna Farms will supply the Ontario market with cannabis
products in two formats, representing 10 different product
presentations, to help satisfy demand in the adult-use recreational
cannabis market, set to open on October 17, 2018.
“This agreement between Canna Farms and the OCS
brings VIVO’s total count to 26 product presentations that will be
available to Ontario recreational cannabis users. We are confident
that cannabis consumers in Ontario will appreciate VIVO’s
high-quality branded products under the FIRESIDETM, LuminaTM and
Canna Farms brands,” said Barry Fishman, CEO of VIVO. “We are
extremely excited to extend our product offering by including Canna
Farms’ branded craft-grown dried flower and pre-rolled
products.”
About VIVO Cannabis™
VIVO is recognized for trusted, high-quality
products and services. It holds production and sales licences from
Health Canada and its world-class indoor cultivation facilities in
Napanee, Ontario and Hope, British Columbia both contain
proprietary plant-growing technology. VIVO is expanding its
production capacity and pursuing partnership and product
development opportunities domestically, as well as in select
international markets, including Germany and Australia.
ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman (CEO and Director)
Neither 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.
Disclaimer for Forward-Looking Information
This news release contains forward-looking
statements, including statements regarding the number and type of
products expected to be made available for sale through the OCS,
the expected timing of opening of the adult use market, and the
potential expected benefits of the agreement with the OCS. The
forward-looking statements in this release are based on
certain assumptions and involve known and unknown risks and
uncertainties and other factors that could cause actual events to
differ materially from current assumptions and expectations,
including that the agreement with OCS may not lead to any material
benefits for the Company, the Company may not have all of its
product lines ready for the launch of the adult use market, and
that Ontario cannabis consumers may not value the Canna Farms brand
or the Company’s products generally. These forward-looking
statements should not be read as guarantees of future performance
or results. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from those
implied by such statements, including that there may be regulatory
impediments to the timing of the opening of the adult use market;
that there may be delays in commercial readiness of the Company’s
expected product lines, and that there may occur changes to
industry regulations that are adverse to the Company. A more
complete discussion of the risks and uncertainties facing the
Company appears in the Company’s Annual Information Form for the
year ended December 31, 2017 and other continuous disclosure
filings, which are available on SEDAR at www.sedar.com.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
news release. The Company disclaims any intention or obligation to
update or revise any forward-looking statements as a result of new
information or future events, or for any other reason, other than
as required by applicable securities laws.
More Information
Barry Fishman, CEO: barry.fishman@vivocannabis.com
Michael Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.com
VIVO Cannabis (TSXV:VIVO)
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