Emerald Health Therapeutics Receives First Purchase Order to Supply its Cannabis Products to Quebec Recreational Cannabis Mar...
May 30 2019 - 8:42AM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) has received its first purchase order from Société
Québécoise du Cannabis (SQDC) to supply its cannabis products to
the Quebec recreational cannabis market. Emerald is scheduled to
fulfill its first shipment the week of June 3rd.
“We are pleased to have the opportunity to
supply Quebec with our Emerald-branded cannabis products,” said Dr.
Avtar Dhillon, President and Executive Chairman of Emerald. “With
$71 million in sales during the first six
months of legalized recreational cannabis, the SQDC
recorded the second highest provincial sales in
Canada, making it a significant market for Emerald to now
offer our recreational cannabis products as well as introduce our
locally-produced Verdélite-branded products in the months
ahead.”
Emerald is currently delivering cannabis to the
Ontario Cannabis Retail Corporation, Cannabis Retail Store, the
British Columbia Liquor Distribution Board, the Newfoundland
Labrador Liquor Corporation, PEI Cannabis, the Yukon Liquor
Corporation and to licensed private retailers in Saskatchewan.
Emerald has also been authorized by the Manitoba Liquor &
Lotteries Corporation to supply cannabis to Manitoba and signed a
sales agreement with the Alberta Gaming, Liquor and Cannabis to
supply cannabis to Alberta.
About Emerald Health
Therapeutics
Emerald Health Therapeutics, Inc. is a Canadian
licensed producer of cannabis. Its 50%-owned Pure Sunfarms joint
venture in BC is licensed and fully planted in the first of its two
1.1 million square foot greenhouses. The capacity of each
greenhouse is estimated to exceed 75,000 kg of cannabis annually.
Emerald’s Verdélite operation in Saint Eustache, Québec is
completing the build-out of its 88,000 square foot indoor
cultivation facility and is scaling up production. Emerald has
contracted for approximately 1000 acres of hemp in 2019 to 2022
with the objective of extracting low-cost cannabidiol. Emerald has
secured exclusive strategic partnerships for large scale extraction
and softgel encapsulation, as well as for proprietary technology to
enhance cannabinoid bioavailability. Its team is highly experienced
in life sciences, product development, large-scale agri-business,
and marketing, and is focused on developing proprietary,
value-added cannabis products for medical and adult-use
customers.
Emerald is part of the Emerald Health group,
which represents a broad array of companies focused on developing
pharmaceutical, botanical, and nutraceutical products aimed at
providing wellness and medical benefits by interacting with the
human body’s endocannabinoid system.
Please visit www.emeraldhealth.ca for more information or
contact: Rob Hill, Chief Financial Officer (800) 757 3536 Ext. #
5
Emerald Investor Relations (800) 757 3536 Ext.
#5invest@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. Such statements
include projected job creation figures at our operating facilities;
production and processing capacity of various facilities; expansion
of facilities; and anticipated production costs.
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, failure to obtain regulatory approvals;
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; as well as the risk factors described in the
Company’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. The Company
undertakes no obligations to update or revise such statements to
reflect new circumstances or unanticipated events as they occur,
unless required by applicable law.
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