Emerald and Village Farms to Double Pure Sunfarms’ Cultivation Capacit | The Everyday Marijuana Observer

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Victoria, B.C. — August 23, 2018 — /D.M.O. Newswire/ — Emerald Wellness Therapeutics, Inc. (TSXV:EMH) (OTC:EMHTF) (“Emerald”) and Village Farms International, Inc. (TSX:VFF) (OTC:VFFIF) nowadays announced that their 50/50 joint venture for significant-scale, low-expense, higher-excellent cannabis production, Pure Sunfarms, received from Wellness Canada its third amendment to the cultivation license for its Delta three greenhouse in Delta, BC. This amendment permits Pure Sunfarms to expand its cannabis production location by 195,000 square feet to roughly 420,000 square feet of the 1.1-million square foot Delta three production facility. The newly licensed location will be in industrial production this week, as the Delta three nursery has been generating cuttings in anticipation of this expansion.

 

“We appear forward to finishing our create-out more than the subsequent months,” mentioned Chris Wagner, CEO of Emerald. “As October 17th rapidly approaches, we are ready for important sales development and leveraging the possible of this significant, extremely optimized increasing facility.”

 

“We are thrilled with the speedy pace at which the Pure Sunfarms group continues to total conversion of extra production location, as nicely as the speedy pace at which it has been in a position to safe amendments to its cultivation license to steadily expand production,” mentioned Michael DeGiglio, CEO of Village Farms. “It’s a testament to the worth of decades of significant-scale operational expertise combined with an unwavering method to undertaking points the correct way.”

 

Pure Sunfarms expects to have the complete 1.1 million square foot Delta three facility, 1 of the single biggest cannabis increasing facilities in the globe, converted for cannabis production by year finish. The technologically-sophisticated Delta three greenhouse style is primarily based on decades of significant-scale, low-expense agricultural production expertise and in depth cannabis experience, resulting in a state-of-the-art facility with 17 develop rooms (seven of which are now licensed) optimized for year-round harvesting (a lot more than 85 harvests annually) and an automated method line encompassing harvesting, trimming, drying and packaging.

 

About Village Farms International, Inc.

 

Village Farms International, Inc. is 1 of the biggest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse generate corporation in Canada. With a lot more than 750 years of accumulated master grower expertise coupled with sophisticated proprietary technologies and environmentally sustainable increasing practices, Village Farms is extremely resource effective. Village Farms produces and distributes fresh, premium-excellent generate with consistency 365-days a year to national grocers in the U.S. and Canada from its significant-scale Controlled Atmosphere Agriculture (CEA) greenhouses in British Columbia and Texas, as nicely as from its companion greenhouses in BC, Ontario, and Mexico.

 

About Emerald Wellness Therapeutics, Inc.

 

Emerald Wellness Therapeutics (TSXV: EMH OTCQX: EMHTF Frankfurt: TBD) is licensed in Canada to generate and sell dried cannabis and cannabis oil for health-related purposes. Emerald is preparing to serve the completely legalized Canadian adult-use cannabis market place beginning October 17, 2018. Emerald owns 50% of Pure Sunfarms, which is converting a licensed current 1.1 million square foot greenhouse in Delta, BC and is now in industrial production. It owns Agro-Biotech, a Québec-primarily based licensed cannabis grower with a 75,000 square foot indoor facility and is arranging to add a 500,000 square foot greenhouse in Metro Vancouver. Emerald’s group is extremely skilled in life sciences, solution improvement, significant-scale agri-small business, and advertising and marketing, and is focused on creating worth-added cannabis-primarily based items with possible wellness and health-related rewards. Emerald is component of the Emerald Wellness group, which is broadly focused on creating pharmaceutical, botanical, and nutraceutical items that may well supply wellness and health-related rewards by interacting with the human body’s endocannabinoid program.

 

Please check out www.emeraldhealth.ca for a lot more information and facts or get in touch with:

Rob Hill, Chief Economic Officer
(800) 757 3536 Ext. #five

Ray Lagace, Investor Relations Manager
(800) 757 3536 Ext. #five
[email protected]

 

Neither the TSX Venture Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts duty for the adequacy or accuracy of this release.

 

Cautionary Note With regards to Forward-Searching Statements: Particular statements produced in this press release that are not historical information are forward-searching statements and are topic to critical dangers, uncertainties and assumptions, each common and precise, which give rise to the possibility that actual final results or events could differ materially from our expectations expressed in or implied by such forward-searching statements. Such statements involve legalization of nonmedicinal cannabis production capacity of numerous facilities expansion of facilities and anticipated production fees.

 

We can not assure that any forward-searching statement will materialize, and readers are cautioned not to spot undue reliance on these forward-searching statements. These forward-searching statements involve dangers and uncertainties connected to, amongst other points, failure to receive regulatory approvals failure to receive important financing final results of production and sale activities final results of scientific analysis regulatory modifications modifications in costs and fees of inputs demand for labour demand for items as nicely as the danger things described in the Company’s annual information and facts type and other regulatory filings. The forward-searching statements contained in this press release represent our expectations as of the date hereof. Forward-searching statements are presented for the goal of giving information and facts about management’s existing expectations and plans and enabling investors and other people to receive a greater understanding of our anticipated operating atmosphere. Readers are cautioned that such information and facts may well not be suitable for other purposes. The Organization undertakes no obligations to update or revise such statements to reflect new situations or unanticipated events as they happen, unless essential by applicable law.



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