Eve & Co Receives Expanded Health Canada Licences
December 10 2018 - 7:25AM
Eve & Co Incorporated (TSX-V: EVE; OTCQB: EEVVF) (“Eve &
Co” or the “Company”) is pleased to announce that as of December 7,
2018, Health Canada authorized Natural MedCo Ltd., a wholly-owned
subsidiary of the Company, to use its previously constructed
100,000 sq. ft. second flowering room as a grow area, and a
packaging room as an operations area.
With the addition of these approved areas, Eve
& Co now has 220,000 sq. ft. of licenced grow and operation
areas. The Company expects harvesting to commence at its newly
licenced second flowering room by late March 2019.
Natural MedCo Ltd. has also received
authorization to commence sales of additional types of cannabis
products, including fresh and dried cannabis, to provincially
authorized retailers and distributors. Eve & Co is now
authorized to sell a variety of cannabis products to provincially
authorized retailers and distributors, including fresh and dried
cannabis and cannabis plants, and to other licenced cultivators and
processors on the B2B market, including fresh and dried cannabis,
cannabis plants and cannabis oil.
“The addition of Flowering Room #2 will allow us
to more than double our current production levels and to grow in
our new, state of the art flowering room. Approval for
Packaging Room #2 will allow us to start using our automated
packaging line to efficiently and quickly fill orders in immediate
packaging. The amendment to our sales license expands our
market to not only other licensed producers but also to provincial
distributors,” commented Melinda Rombouts, Eve & Co’s President
and CEO. “We have agreements for supply to Ontario, British
Columbia and Newfoundland, and we hope to commence shipment to
provincial distributors as soon as possible. Our team is
excited to move forward with these amendments, as well as the next
780,000 sq. ft. expansion and development of our brand, Eve &
Co.”
ABOUT EVE & CO INCORPORATED
Eve & Co, through its wholly-owned
subsidiary Natural MedCo Ltd., holds cultivation and processing
licenses under the Cannabis Act (Canada) for the production and
sale of various cannabis products, including dried cannabis,
cannabis plants and cannabis oil. Natural MedCo Ltd. was Canada’s
first female founded licensed producer of medicinal marijuana, and
received its cultivation license from Health Canada in 2016.
Eve & Co is led by a team of agricultural
experts and has a licenced 220,000 sq. ft. scalable greenhouse
production facility located in Middlesex County, Ontario with 32
acres of adjacent land for future expansion. Eve & Co has
broken ground on an additional 780,000 sq. ft. expansion, bringing
Eve & Co’s total anticipated greenhouse capacity to 1,000,000
sq. ft.
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.
Certain statements in this press release
constitute forward-looking information. All statements other than
statements of historical fact contained in this press release,
including, without limitation, those regarding the Company’s
expansion plans, future, strategy, plans, objectives, goals and
targets, and any statements preceded by, followed by or that
include the words “believe”, “expect”, “aim”, “intend”, “plan”,
“continue”, “will”, “may”, “would”, “anticipate”, “estimate”,
“forecast”, “predict”, “project”, “seek”, “should” or similar
expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Company’s expectations, estimates and
projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict, including those
described in the Company’s management’s discussion and analysis for
the three and nine months ended July 31, 2018 which is available on
the Company’s SEDAR profile. Therefore, actual results may differ
materially from what is expressed, implied or forecasted in such
forward-looking statements. The forward-looking information and
forward-looking statements included in this news release are made
as of the date of this news release the Company does not undertake
an obligation to publicly update such forward-looking information
or forward-looking information to reflect new information,
subsequent events or otherwise unless required by applicable
securities law.
For further information, please contact: |
|
Melinda RomboutsPresident and Chief Executive OfficerEve & Co
IncorporatedTelephone: (855) 628-6337 |
|
Landon RoeddingChief Financial OfficerEve & Co
IncorporatedTelephone: (647) 473-4947 |
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