Eve & Co Announces Health Canada Approval of Additional Drying Rooms
July 11 2019 - 4:00PM
Eve & Co Incorporated (the “Company” or “Eve & Co”) (TSXV:
EVE; OTCQX: EEVVF) is pleased to announce Health Canada’s approval
of two additional drying rooms. These drying rooms are expected to
add 1,600 square feet of drying space and have an estimated
capacity of up to 30,000 plants. Additionally, the new rooms are
designed to maximize throughput, leveraging new designs to allow
more plants at one time than the Company’s existing drying rooms.
“We are very pleased to have received Health
Canada’s approval for our two new drying rooms, as we continue to
ramp up production. These rooms have increased our drying capacity
six-fold, allowing us to take full advantage of our automated
packaging line and efficiently fulfill orders,” said Melinda
Rombouts, President and CEO. “These drying rooms will enable
us to handle increased production from our 780,000 sq. ft.
expansion which is expected to be completed by the end of this
month.”
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 Strathroy, Ontario. Eve & Co is
constructing an additional 780,000 sq. ft. expansion, bringing Eve
& Co’s total anticipated greenhouse capacity to 1,000,000 sq.
ft.
The Company’s website can be visited at
www.evecannabis.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.
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
increased drying space and plant capacity, the Company’s expansion
and construction plans and the expected timing of completion,
expected production increases, opportunities for growth, 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 two and fourteen months ended
December 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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