TORONTO, Jan. 4, 2021 /CNW/ - VIVO Cannabis
Inc. (TSX: VIVO) (OTCQX: VVCIF) ("VIVO" or the
"Company"), a leading provider of premium cannabis products
and services and holder of licenses under the Cannabis Act through
its wholly-owned subsidiaries, Canna Farms Limited ("Canna Farms")
and ABcann Medicinals Inc. ("ABcann"), today announced its products
have entered into the Quebec
market with Canna Farms™ BC Kief as the province's
first in the kief category. The Company also provided an update on
its adult-use cannabis products across Canada.
"We're excited to bring additional solventless concentrates to
consumers across the country," said Carole
Chan, Chief Commercial Officer of VIVO Cannabis Inc. "As a
leading licensed producer of craft premium cannabis products
including concentrates, we look forward to diversifying our product
offering in this growing niche category to better serve cannabis
connoisseurs across the country."
Canna Farms™ Concentrates Available in Quebec
Quebec is the third largest
market in Canada and the ninth
province where VIVO products are available. Canna Farms™ BC
Kief is the first in the kief category in Quebec, and through a partnership with
provincial logistic partners, VIVO is expediting orders to meet
demand both in-store and online.
VIVO Continues Concentrates Category Leadership
Position
VIVO continues to maintain its solid market share in the
cannabis concentrates space. The most recent publicly available
information provided in the Ontario Cannabis Stores Quarterly
Report for the period ending September 30,
2020 indicates Canna Farms™ and Fireside-X™ represent two of
the top five leading concentrates brands, with a combined
market-leading share of 38% in the category at Ontario retail stores.
Fireside™ Blaze Distillate Vape Launches in Alberta
VIVO launched its next generation Fireside™ Blaze,
ultra-high THC distillate vape cartridge to consumers in
Alberta last month.
Extracted using state-of-the-art cryo-ethanol extraction and
thin film distillation, there are no cutters, fillers, flavours, or
additives in this pure, smooth and potent vape option.
Additional Canna Farms™ Cultivars Available in British Columbia
VIVO continued to expand its premium dry flower cultivar
offering with the addition of three new Canna Farms™ listings in
British Columbia: CBD Critical Mass, CBD Cannabliss
and Cold Creek Kush. VIVO is focused on developing new
cultivars and continues to invest in pheno hunting to provide
unique genetics to all cannabis markets across its entire portfolio
of brands. As the first licensed producer in British Columbia, the Canna Farms™ brand was
built on a small-batch artisan approach to cannabis cultivation and
continues to employ that practice to this day.
About VIVO Cannabis™
VIVO Cannabis™ is recognized for trusted, premium cannabis
products and services. It holds production and sales licences from
Health Canada and operates world-class indoor and seasonal airhouse
cultivation facilities. VIVO has a collection of premium brands,
each targeting different customer segments, including Canna Farms™,
Beacon Medical™, Fireside™, Fireside-X™, Lumina™ and Canadian
Bud Collection™. Harvest Medicine,
VIVO's patient-centric, scalable network of medical cannabis
clinics, has serviced over 150,000 patient visits. VIVO is pursuing
several partnership and product development opportunities and is
focusing its international efforts on Germany and Australia. For more information visit:
vivocannabis.com
Disclaimer for Forward-Looking Information
Certain statements in this news release are, or can be
interpreted as, forward-looking statements, which are statements
that are not purely historical, including statements regarding the
beliefs, plans, expectations or intentions of VIVO and its
management regarding the future. Forward-looking statements in this
news release include that VIVO is expediting orders from Société
Québécoise du Cannabis (SQDC) stores to meet demand, that its
cannabis concentrates continue to do well in the market, and that
consumers will find Fireside's store-locator feature
useful..
Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the forward-looking statements,
including: orders from Société Québécoise du Cannabis (SQDC) stores
may be limited or not materialize at all; that VIVO will not
continue to do well in the cannabis concentrates market as new
competition enters; that consumers will not find Fireside's
store-locator feature useful; ; that the COVID-19 pandemic may last
longer and have a more significant impact on the Company's
operations, the Canadian cannabis industry, or the global economy
generally, than currently expected; and other factors beyond the
Company's control.
No assurance can be given that any of the events anticipated
by the forward-looking statements will occur or, if they do occur,
what benefits the Company will obtain from them. Readers are urged
to consider these factors, and the more extensive risk factors
included in the Company's management's discussion and analysis for
the three and nine months ended September
30, 2020, which is available on SEDAR, carefully in
evaluating the forward-looking statements contained in this news
release, and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety
by these cautionary statements. The forward-looking statements in
this news release are made as of the date hereof and the Company
disclaims any intent or obligation to update publicly any such
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
SOURCE VIVO Cannabis Inc.
