Emerald Health Therapeutics’ Joint Venture Pure Sunfarms’ Branded Products Ship to Saskatchewan and are Approved in Manit...
June 24 2020 - 6:00AM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) today announced that its joint venture for large-scale,
low-cost, high-quality cannabis production, Pure Sunfarms, has
begun shipping branded, packaged dried flower products to
Saskatchewan following approval from the Saskatchewan Liquor and
Gaming Authority (“SLGA”), which permits and monitors cannabis
wholesalers and retailers in the province. Pure Sunfarms expects
its products to be available to Saskatchewan consumers beginning
next week.
Saskatchewan is the fifth largest province
by cannabis sales, with roughly 6% of Canadian sales1, and is
second in per capita spending on cannabis of the five largest
provinces1. With the SLGA’s announced move toward an open market
cannabis model by September, there will be no cap on the number of
licensed retailers (currently 44) permitted in the province, which
is expected to give more consumers access to product.
“Following Pure Sunfarms’ success in British
Columbia, Ontario, and most recently, Alberta, we are pleased to
supply another key market in Canada as we continue to expand our
footprint across the country,” said Mandesh Dosanjh, President
& CEO, Pure Sunfarms. “With Saskatchewan’s strong network of
retailers, we are excited to offer even more Canadians our
signature strains at a great price.”
“Pure Sunfarms’ methodical expansion of new
markets and current and planned new product offerings continues to
reflect its stellar leadership in the industry,” said Riaz Bandali,
CEO, Emerald Health Therapeutics. “We expect the anticipated
expansion of retail stores in provinces such as Saskatchewan and
Ontario to further strengthen Pure Sunfarms’ growth opportunity
over the next quarters.”
Approved to Sell to
Manitoba
Pure Sunfarms has been accepted by the Manitoba
Liquor and Lotteries Corporation as an official supplier of
non-medical adult-use cannabis to the province's licensed private
sector retailers and will begin shipping branded packaged products
to Manitoba as soon as possible.
Following the launch of Pure Sunfarms’ products
in Saskatchewan and Manitoba, they will be available in five of
Canada’s six most populous provinces, representing over 70% of the
Canadian population. Pure Sunfarms continues to advance discussions
to supply cannabis to other Canadian provincial distributors.
New Dried Cannabis Product Launches
Include First Pre-Rolls in Ontario
Pure Sunfarms continues to launch new product
offerings, including pre-roll formats, new strains, and new package
sizes:
- Pre-rolled dried cannabis products
(four different strains) in Ontario; pre-rolls were the second
largest-selling product category in Ontario in its fiscal 2020
year2;
- Pre-rolls of Afghan Kush, one of
Pure Sunfarms’ top-selling strains, as well as Headband in British
Columbia;
- Two new strains, D. Bubba and
high-THC Pink Kush, two well-known British Columbia strains, which
are Pure Sunfarms’ first new strains since the launch of its
initial eight strains in September 2019;
- A Hybrid 28-gram (1-ounce)
large-format package in British Columbia and Alberta, and in
Ontario in the coming weeks; and
- White Rhino 7-gram and Island Honey 7-gram packages in
Alberta.
Preparing Launch of Bottled Cannabis
Oils and Cannabis 2.0 Products this Summer
Pure Sunfarms continues to prepare the roll-out
of its first bottled cannabis oils and its first Cannabis 2.0
offerings this summer. Its Cannabis 2.0 roll-out will include
a selection of pre-filled 510 vape cartridges and bottled cannabis
oil, available in the extract forms of its
top-selling3 dried cannabis strains, under the highly regarded
and well trusted Pure Sunfarms brand.
1. 12 months ended April 30, 2020. Source:
Statistics Canada.2. Source: Ontario Cannabis Store – A Year in
Review 2019-2020.3. Market share performance is based on
calculations by Pure Sunfarms from sales information provided by
the Ontario Cannabis Store (OCS).
About Emerald Health
TherapeuticsEmerald Health Therapeutics, Inc. is committed
to creating new consumer experiences with distinct recreational,
medical and wellness-oriented cannabis and non-cannabis products,
with an emphasis on life science-based innovation and production
excellence. Emerald’s three distinct operating assets are designed
to uniquely serve the Canadian marketplace and international
opportunities. These assets, all in full production, include: its
Metro Vancouver, BC-based greenhouse operation (78,000 square feet)
capable of producing organic-certified product; Verdélite, its
premium craft cannabis production indoor facility in St. Eustache,
Québec (88,000 square feet); and Pure Sunfarms, its 41.3%-owned
joint venture in Delta, BC, producing affordably priced quality
products (1.1 M square feet). Its Emerald Naturals subsidiary has
launched a new natural wellness product category with its
non-cannabis endocannabinoid-supporting product line and is
expanding distribution across Canada.
Please visit www.emeraldhealth.ca for more information
or contact: Jenn Hepburn, Chief Financial Officer (800) 757 3536
Ext. #5
Emerald Investor Relations (800) 757 3536 Ext. #5
invest@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.
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, changes of law and regulations; changes of
government; failure to obtain regulatory approvals or permits;
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; failure of counter-parties to perform
contractual obligations; as well as the risk factors described in
Emerald’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. Emerald
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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