Emblem Completes Supply Agreement with Alberta Gaming, Liquor & Cannabis Commission (AGLC)
July 05 2018 - 6:30AM
Emblem Corp. (TSXV:EMC) (TSXV:EMC.WT) (“Emblem” or
the "Company") is pleased to announce that its wholly owned
subsidiary, Emblem Cannabis Corporation, one of Canada’s leading
licensed producers, has completed an agreement with the Alberta
Gaming, Liquor & Cannabis Commission (“AGLC”) to supply the
province with high quality cannabis products. Products will be
available under Emblem’s new adult-use focused brand, which is
expected to be announced shortly.
“Emblem is excited to have been selected to
bring our adult-use products to Alberta’s recreational cannabis
market upon legalization on October 17, 2018. We are looking
forward to working together with the AGLC to build the foundation
for a safe and responsible marketplace for consumers,” said Maria
Guest, Chief Marketing Officer with Emblem. “With our soon to be
announced adult-use cannabis brand, Emblem is ready to meet the
needs of Albertans seeking a trusted source of cannabis products,
offering a curated range of dried flower and cannabis oils.”
“This agreement with the
AGLC, our first provincial supply agreement to service the
adult-use market, is an exciting milestone for
Emblem. It supports our multi-provincial roll-out
plan and recent strategic investment in Fire & Flower, which is
expected to have a strong presence in the Alberta market,” said
Nick Dean, President and CEO of Emblem.
For more information,
contact:
Ethan Karayannopoulos Investor Relations Emblem Corp.
647.748.9696 ethank@emblemcorp.com
Alex Stojanovic Chief Financial Officer Emblem Corp.
416.923.1331 alexs@emblemcorp.com
About EmblemEmblem, through its
wholly-owned subsidiary Emblem Cannabis Corporation, is a fully
integrated licensed producer and distributor of medical cannabis
and cannabis derivatives in Canada under the Access to
Cannabis for Medical Purposes Regulations (ACMPR). Emblem’s
state-of-the-art indoor cannabinoid factory and research and
development facility is located in Paris, Ontario. Led by an
experienced management team of healthcare executives, accomplished
marketing professionals, and cannabis experts, Emblem is focused on
driving shareholder value through product innovation, brand
relevance, and access to patient and consumer channels. Emblem is
also the parent company of GrowWise Health Limited, one of Canada’s
leading cannabis education services. Emblem trades under the ticker
symbol EMC on the TSX Venture Exchange.
Forward-Looking Statements
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. Management
of the Company believes the expectations reflected in such
forward-looking statements are reasonable as of the date hereof but
no assurance can be given that these expectations will prove to be
correct and such forward-looking statements should not be unduly
relied upon. Various material factors and assumptions are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking statements. Those material
factors and assumptions are based on information currently
available to the Company, including data from publicly available
governmental sources as well as from market research and industry
analysis and on assumptions based on data and knowledge of this
industry which Emblem believes to be reasonable. However, although
generally indicative of relative market positions, market shares
and performance characteristics, such data is inherently imprecise.
While Emblem is not aware of any misstatement regarding any
industry or government data presented herein, the medical and
adult-use marijuana industry involves risks and uncertainties and
is subject to change based on various factors.
Forward-looking statements are not a guarantee
of future performance and are subject to and involve a number of
known and unknown risks and uncertainties, many of which are beyond
the control of the Company, which may cause the Company's actual
performance and results to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the risks identified in the Company's
December 31, 2017 Management's Discussion and Analysis, which has
been filed with the Canadian Securities Administrators and
available on www.sedar.com. Any forward-looking statements are made
as of the date hereof and, except as required by law, the Company
assumes no obligation to publicly update or revise such statements
to reflect new information, subsequent or otherwise.
Neither the Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
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