Canna Farms Selected as a Supplier to Ontario Retail Cannabis Market
VIVO Cannabis Inc.
Sep. 07, 2018
NAPANEE, Ontario, Sept. 07, 2018 (GLOBE NEWSWIRE) -- VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) (“VIVO” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Canna Farms Limited (“Canna Farms”), has completed an agreement with the Ontario Cannabis Store (the “OCS”) to supply the Province of Ontario with high-quality cannabis products. Under the terms of the agreement, Canna Farms will supply the Ontario market with cannabis products in two formats, representing 10 different product presentations, to help satisfy demand in the adult-use recreational cannabis market, set to open on October 17, 2018.
“This agreement between Canna Farms and the OCS brings VIVO’s total count to 26 product presentations that will be available to Ontario recreational cannabis users. We are confident that cannabis consumers in Ontario will appreciate VIVO’s high-quality branded products under the FIRESIDETM, LuminaTM and Canna Farms brands,” said Barry Fishman, CEO of VIVO. “We are extremely excited to extend our product offering by including Canna Farms’ branded craft-grown dried flower and pre-rolled products.”
About VIVO Cannabis™
VIVO is recognized for trusted, high-quality products and services. It holds production and sales licences from Health Canada and its world-class indoor cultivation facilities in Napanee, Ontario and Hope, British Columbia both contain proprietary plant-growing technology. VIVO is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia.
ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman (CEO and Director)
Neither 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.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements, including statements regarding the number and type of products expected to be made available for sale through the OCS, the expected timing of opening of the adult use market, and the potential expected benefits of the agreement with the OCS. The forward-looking statements in this release are based on certain assumptions and involve known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations, including that the agreement with OCS may not lead to any material benefits for the Company, the Company may not have all of its product lines ready for the launch of the adult use market, and that Ontario cannabis consumers may not value the Canna Farms brand or the Company’s products generally. These forward-looking statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, including that there may be regulatory impediments to the timing of the opening of the adult use market; that there may be delays in commercial readiness of the Company’s expected product lines, and that there may occur changes to industry regulations that are adverse to the Company. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form for the year ended December 31, 2017 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason, other than as required by applicable securities laws.
More Information Barry Fishman, CEO: firstname.lastname@example.org Michael Bumby, CFO: email@example.com Website: vivocannabis.com