Adastra Labs CEO: Positioned to Lead the Cannabis Extracts and Analytical Testing Market
Adastra Labs Holdings (CSE:XTRX) co-founder and CEO Andy Hale spoke with INN about the company’s co-located extraction and analytical testing facilities, the dedicated team’s recent accomplishments and the upcoming catalysts for 2020.
Adastra Labs Holdings is one of the few cannabis companies to have co-located extraction and analytical testing facilities. The company’s Health Canada license applicant Adastra Labs Incorporated’s standard processing facility and its Chemia Analytics fully licensed testing lab share the same address, which Hale said should reduce costs and enhance Adastra’s ability to provide high-quality cannabis extract formulations.
This past year, the Adastra team progressed toward some major milestones, including obtaining a Health Canada analytical testing license for Chemia Analytics. In 2020, Adastra expects to receive its standard processing license and become a fully operational cannabis extracts and analytical testing provider. The company has established relationships with licensed cultivators to provide flower for its facility, which has the ability to process 400,000 kilograms of dry cannabis annually, translating to more than 30,000 liters of highly refined cannabis oil each year. Hale said Adastra is also developing international contacts for expansion into South America and potentially Australia.
Below is a transcript of our interview with Adastra Labs co-founder and CEO Andy Hale. It has been edited for clarity and brevity.
Investing News Network: Please provide our investor audience with an overview of Adastra Labs.
Adastra Labs Co-founder and CEO Andy Hale: Adastra Labs Holdings is a company that owns a Health Canada license applicant and a licensee. Our subsidiary Adastra Labs is an extraction and cannabis distillate products formulation and development company, and a standard processing license applicant with Health Canada since October of 2018. We are in the final stages of licensing now. We also own Chemia Analytics, which is an analytical testing lab that was licensed by Health Canada on October 25, 2019. They are co-located in a 13,000 square foot site in the Township of Langley, in British Columbia’s Lower Mainland region.
We chose to co-locate those testing services with the extraction company to reduce costs. When we started looking at the business model for a large-volume cannabis extraction company, the actual cost of paying third parties to perform analytical testing drove a lot of the bottom line down. We really wanted to squeeze the best margins we could out of our business model, so we decided to develop Chemia Analytics as a co-located analytical testing lab. While not a unique thought, it is unique in that we believe we’re the only company with a lab literally steps away from the processing facility. In this way, the uniqueness of the formulations will provide the standard processor the ability to improve in-process quality as well as defer or reduce the costs of in-process and final third-party analytical testing. So that’s the value proposition that Adastra Labs brings, not only the extractions expertise but the quality and the cost reduction associated with having a co-located analytical testing site.
INN: Adastra’s processing facility is one of the first successful site-specific rezonings for cannabis operations in British Columbia’s Lower Mainland. Please tell us more about that big win for Adastra and your plans for the facility.
AH: Yes, that’s a great point. We’re very excited to be working hand in hand with the local community. The Township of Langley has been very supportive of our rezoning. We started the process at the beginning of 2018 and within about four and a half months, we were rezoned to site-specific cannabis standard processing and analytical testing. The site was previously zoned for light industrial. Many companies try to slide in either under agricultural-related zoning or industrial. However, we decided that for us to really have a successful business in the local community, on top of volunteering with the local charity programs, we also needed to make sure that the local community leadership was aware of and supportive of what we were trying to do.
We spent a lot of time working with the Township of Langley staff to really meet the requirements that they had outlined. First, by locating our facility in an area where they were trying to cluster any cannabis-related companies. We were the first to actually dip our toes in that pool as it were. We took the necessary steps to help alleviate their concerns and provide them with the right information. We spent a lot of time making sure our designs not only met the code requirements, but went the extra mile for air quality management as well as security and aesthetics. As a result, we think we have a really good relationship with the community. We recently hosted Mayor Jack Froese at our facility and he was very impressed. We think it’s important that cannabis companies not only involve local community leadership, but also participate in local government to bring education and awareness that ensures the past stigma of cannabis use is not dragged into the legal market.
INN: Adastra Labs recently marked a critical milestone with Health Canada granting Chemia Analytics an analytical testing license. Please explain what this means for Adastra and its shareholders.
AH: I think most importantly it brings to the forefront the message that our team can achieve the goals we’ve set out to accomplish in the cannabis industry. We submitted the application back in October of 2018. Health Canada basically had not done anything with any company’s license applications for nearly a year before coming out with revised guidelines. As soon as Health Canada came out with their revised guidelines for analytical testing, we were essentially licensed within four weeks of that release. We had as few as three requests for more information and we were able to answer every question in less than 24 hours. We didn’t have to do any redesigns or any kind of significant changes to what we had submitted.
I think that accomplishment speaks to the dedication of our team. We’ve got a very strong Head of Lab for Chemia Analytics, Priyanka Nalawade, who has a Ph.D. in Polymer Engineering. She comes from Sherwin Williams in the United States where she worked in the extraction side of the paint industry to get the right color formulations. She worked with quality control, so she brings a very good analytical testing background. She’s also the alternate for our standard processing license applicant as the quality assurance person.
We’re very excited to have her on board. Having her and our other star players at the helm was key to our successful submission as well as having a really solid application when we went in. I think it tells our shareholders that we can assign ourselves challenging goals in our business plan and achieve them.
INN: Please tell us a little bit more about the other star players on Adastra’s roster and what they bring to the company.
AH: Our quality assurance person for Adastra Labs’ standard processor license applicant is Donald Dinsmore, who has a master’s degree in Plant Biochemistry from the University of Calgary. His skill set also includes a heavy analytical testing background. During his master’s programs, he worked on testing and analytics of plant materials for the genetic testing of poppy plants. His practical experience includes the cannabis industry as an operations manager for a farm in Northern California. He’ll help provide the in-process quality and the seed-to-sale accountability of the process that we’ve outlined to Health Canada. He’s also the alternate for Head of Lab for Chemia Analytics.
On the business side, we’ve got a very experienced chief financial officer from the mining industry, Stephen Brohman, who’s helped us with our reverse takeover. He has also helped us with building a really tight financial model and corporate structure so that when we do go public, it’s most beneficial to our shareholders. We are maintaining a very stable stock price with good goals for the coming year to ensure shareholder value has been built along the way. As for myself, I’m experienced in leading technical teams in challenging environments with my nuclear submarine background in the US as well as my more recent Canadian shipbuilding expertise in Vancouver shipyards. I believe that a combination of those two puts me in a good position to help lead the technical personnel in the right direction. It’s all about driving results in a positive way that builds a good culture in the company.
INN: Looking forward, what are Adastra’s goals for 2020 and beyond?
AH: Our first priority is to obtain a standard processing licensed for Adastra Labs, which will allow us to start generating positive earnings before interest, tax, depreciation and amortization. We’ve spent a lot of capital investment in renovating our facility and getting it ready for processing. We’ll also get Chemia Analytics up and running to provide analytical testing services for not only Adastra, but for other third parties. So goal number 1 is to get operational, and I’d say goal 1A is really to dial in the processes that we’ve spent a considerable amount of time developing as a team. In that way, we hope to get the best return on our investment and the best margins we can possibly get as a standard processor, whether we’re contract processing for someone else or we are processing cannabis into extract products for our own product lines.
Adastra will be able to not only provide crude distillate that’s been winterized, but we can also provide distillate that’s been highly refined up to 95 percent purity. This can then be formulated into either distillate bottles with droppers, cartridges for vape pens, or formulations for B2B products or consumer packaged goods such as vape kits to be sold to the various provincial boards, or even the active pharmaceutical ingredients to go into edible formulations. Our primary goal is to get operational and processing into the positive margin areas.
In parallel, we’ve already been establishing relationships with licensed cultivators that are coming online with a couple million square feet of growth operations that will be able to maximize our capacity. Our facility has been designed and built to process 400,000 kilograms of dry cannabis annually, which would deliver over 30,000 liters of highly refined cannabis oil in a year. We’re starting out with about a sixth of that capacity initially, and we will organically grow throughout 2020 and 2021 to meet the market demands. We have a secure storage facility that’s over 13,000 cubic feet, which allows us to both store incoming material for processing and outgoing product that’s been developed and formulated.
The remainder of the runway is really about operational excellence and then organic growth as we deliver more contracts. We are also developing international contacts for expansion outside of Canada, both into South America and potentially across the water to Australia. We’re looking forward two steps down the road beyond our initial operational excellence to acquire and develop some of our own brands that we can sell to the provincial boards locally. We’re very excited about the future for Adastra and we think it’s very bright for our shareholders.
INN: Do you think you will focus more on the business-to-consumer (B2C) products or on the business-to-business (B2B) white labeling?
AH: It will be a combination of the two and obviously our margins are better in B2C than B2B, but we believe the B2B will get us on our feet operationally as we develop the B2C in-house, which will allow us to jump into the B2C space with a highly refined process. Then back and forth between the two until we’ve refined our processes for maximum efficiency so that we can then be extremely competitive on the open market against the few players that are of the same ilk as us in the Canadian cannabis market. There’s really not a lot of companies that are focused solely on standard processing and even fewer that have the co-located testing services. So we believe we can compete with the Valens GroWorks (TSXV:VLNS,OTCQX:VLNCF) and Medipharms (TSX:LABS,OTCQX:MEDIF) of the world by the end of 2020.
INN: That’s a good comparison. Will you focus on CBD extractions as well as THC?
AH: Yes. Our current focus is on cannabis that generates THC, but if there are CBD-dominant cannabis strains, we’ll focus on those. We would love to process hemp, and our equipment can. Unfortunately, Canada currently doesn’t have very high CBD yield hemp strains that are legal, and that does hamper the hemp market in that production requires very large volume ethanol-type extraction equipment. We have decided to go with CO2 supercritical extraction equipment for a number of reasons. It’s the most popular for medicinal extractions, and it also allows us to provide a safer work environment than some of the heavy, more flammable, more explosive hydrocarbon and/or ethanol extraction equipment. We think it’s safer, but we’ve also built our facility to be good manufacturing practices (GMP) compliant, and that’s an important element of our renovation. It allows us to not only appeal to folks that want to do business in the medicinal market, but also allows us to achieve eventual European Union and North America GMP certification so that we can then have a much broader foundation of importing and exporting our products.
Disclaimer: This interview is sponsored by Adastra Labs Holdings. This interview provides information which was sourced by the Investing News Network (INN) and approved by Adastra Labs Holdings in order to help investors learn more about the company. Adastra Labs Holdings is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Adastra Labs Holdings and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Khiron Receives Accreditation for UK Medical Cannabis Education and Partners with UK’s Cellen Therapeutics to Improve Clinician Education
- Company has received UK Continuing Professional Development (“CPD”) accreditation for its global education platform, Khiron Academy
- UK medical professionals may now earn CPD credits through Khiron’s medical cannabis education program
- The Company has entered into a strategic partnership with Cellen Therapeutics, a leader in digital healthcare in the UK, to increase patient access via medical cannabis education
- As a leading international medical cannabis educator, nearly 1,000 medical professionals in Latin America and the United Kingdom have registered for, or completed, Khiron Academy training
Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN) (OTCQX: KHRNF) ( Frankfurt : A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe is pleased to announce it has received UK Continuing Professional Development (“CPD”) accreditation for Khiron Academy, the Company’s global medical cannabis education platform.
Additionally, following its accreditation, the Company has entered into a strategic partnership with Cellen Therapeutics, a leader in digital healthcare in the UK and fellow founding member of Project Twenty21, to increase patient access through medical cannabis education initially. Khiron Academy will be made available to prescribers in the UK that have registered with Cellen’s MedCanHub, an emerging education portal. Cellen is market leader, widely recognized for also launching the UK’s first digital pain clinic, Leva.
Tejinder Virk , President of Khiron Europe, commented, “Over the last year, Khiron has seen a direct correlation between physician education and patient access. With Khiron Academy’s CPD accreditation and through our strategic partnership with Cellen Therapeutics, we are positioned to reach a growing number of medical professionals, and in turn, provide patients with greater access to medical cannabis products.”
Eric Bystrom , CEO of Cellen commented, “We are pleased to be joining forces with Khiron on educating prescribing specialists in the UK. Khiron is a clear global leader in medical cannabis education. We share common values in improving patient lives by educating doctors and optimizing the standard of medical care. Our aim is to create a practical guide for responsibly prescribing patients with safe and efficacious medical cannabis products.”
In the UK, Khiron continues to leverage educational materials developed by the Company to train medical professionals in Latin America , along with clinical data from thousands of Khiron patients. In addition to Cellen’s MedCanHub (accessible to medical professionals at https://medcanhub.cellenhealth.com/ ), Khiron Academy is available to members of the Medical Cannabis Clinicians Society (MCCS) and core to the training of prescribing specialists for Project Twenty21, a 20,000-patient observational study backed Drug Science in UK.
To date, the Company has trained nearly 1000 medical professionals in Latin America and the UK. Over the last year, physicians trained by Khiron in Latin America have issued over 13,000 prescriptions, with a compound monthly growth rate of nearly 50%. Khiron Academy will be a platform for sharing the Company’s clinical expertise, in conjunction with clinical data arising from Khiron’s wholly-owned clinics in LatAm.
About Khiron Life Sciences Corp.
Khiron is a vertically integrated medical and CPG cannabis company with core operations in Latin America , and operational activity in Europe and North America . Khiron is the leading medical cannabis provider in Colombia and the first company licensed in Colombia for the cultivation, production, domestic distribution and sales, and international export of both low and high THC medical cannabis products. The Company has filled medical cannabis prescriptions in Colombia , Peru , Germany and the United Kingdom , and is positioned to commence sales in Mexico , Germany and Brazil in 2021.
Leveraging wholly-owned medical clinics and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific expertise, product innovation, and agricultural infrastructure to drive prescriptions and brand loyalty. Its Wellbeing unit launched the first branded CBD skincare brand in Colombia , with Kuida TM now marketed in multiple jurisdictions in Latin America , the US and United Kingdom . The Company is led by Co-founder and Chief Executive Officer, Alvaro Torres , together with an experienced and diverse executive team and Board of Directors.
Visit Khiron online at investors.khiron.ca and on Instagram @khironlife.
Cautionary Notes
Forward-Looking Statements
This press release may contain certain “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Khiron undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of Khiron, its securities, or financial or operating results (as applicable). Although Khiron believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statement has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond Khiron’s control, including the risk factors discussed in Khiron’s Annual Information Form which is available on Khiron’s SEDAR profile at www.sedar.com . The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. Khiron disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Investor Contact:
Paola Ricardo
E: investors@khiron.ca
T: +1 (647) 556-5750
Media Contact:
Peter Leis
Europe Communications Manager
E: pleis.ext@khiron.ca
Khiron Europe:
Tejinder Virk
Europe President
E: tvirk@khiron.ca
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SOURCE Khiron Life Sciences Corp.
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Khiron Life Sciences
BevCanna’s Naturo Group to Expand TRACE Plant-Based and Alkaline Products into Asia-Pacific Markets
TRACE’s plant-based and alkaline wellness products to expand into key markets of Japan, China and the Philippines
Emerging leader in innovative health and wellness beverages and consumer products, BevCanna Enterprises Inc . ( CSE:BEV , Q:BVNNF , FSE:7BC ) (“ BevCanna ” or the “ Company ”) announces today its anticipated expansion into the Asia Pacific region, through its wholly-owned subsidiary Naturo Group. After completing a comprehensive market, distribution and partner assessment, the Company intends to initially launch its portfolio of TRACE health and wellness products in the key markets of Japan, China, and the Philippines, through multi-channel distribution outlets including e-commerce, retail, and wholesale.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210413005502/en/

TRACE product family (Photo: Business Wire)
With a combined population of 1.633 billion people, or 21 percent of the world’s citizenry, the three countries signify a substantial opportunity for BevCanna. The markets’ growing and prosperous middle-class consumer base represents an ideal demographic for the TRACE products, as consumers increasingly opt for healthier lifestyle choices. The global nutraceutical market size is projected to reach US$722.49 billion by 2027, expanding at a CAGR of 8.3% over the forecast period; Asia-Pacific is expected to witness the fastest growth over the forecast period, particularly in Japan and China. 1 The Japanese market is particularly suited for the introduction of the TRACE brand, with its consumers having developed a decided preference for natural, health-conscious products. Two-thirds of Asian consumers believe in superfoods and natural health products for treating ailments 2 , representing a prime demographic for wellness-focused products.
“The Asian market is a natural fit for our TRACE line of plant-based and alkaline products,” said Melise Panetta, President of BevCanna. “We’ve been actively evaluating the market potential, while also fielding increased interest from Asian customers and partners in our TRACE plant-based mineral products and our Canadian natural alkaline spring water. Our portfolio of products will address a growing demand for nutraceuticals and wellness-focused natural products, and we’re pleased to announce our anticipated expansion into these significant markets”.
TRACE’s proprietary plant-based mineralized beverages and nutraceuticals contain fulvic and humic minerals, sourced from ancient organic compounds that are highly concentrated sources of trace minerals. Recognized benefits of the Health Canada-approved formulations include cognitive performance, gut health, immune function, and aiding the body in metabolizing carbohydrates, fats, and proteins. Mineral-enhanced water is increasingly popular in Asia for its purported benefits to human immune systems and brain health.
TRACE’s proprietary alkaline spring water is bottled at source in British Columbia’s Okanagan region. The alkaline water provides additional benefits to the consumer as compared to most tap and conventional bottled water, including the increased presence of hydroxyl ions, increased hydration, improved bone health, healthier skin and decreased gastrointestinal symptoms.
1 https://www.businesswire.com/news/home/20200520005477/en/722-Billion-Nutraceutical-Market-Size-and-Share-Breakdown-by-Product-and-Region—ResearchAndMarkets.com
2 Natural Products Global June 27, 2017
About BevCanna Enterprises Inc.
BevCanna Enterprises Inc . ( CSE:BEV , Q:BVNNF , FSE:7BC ) is a diversified health & wellness beverage and natural products company. BevCanna develops and manufactures a range of plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients.
With decades of experience creating, manufacturing and distributing iconic brands that resonate with consumers on a global scale, the team demonstrates an expertise unmatched in the nutraceutical and cannabis-infused beverage categories. Based in British Columbia, Canada, BevCanna owns a pristine alkaline spring water aquifer and a world–class 40,000–square–foot, HACCP certified manufacturing facility, with a bottling capacity of up to 210M bottles annually. BevCanna’s extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network, and a partnership with #1 U.S. cannabis beverage company Keef Brands .
On behalf of the Board of Directors:
John Campbell, Chief Financial Officer and Chief Strategy Officer
Director, BevCanna Enterprises Inc.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the Company’s anticipated expansion into the Asia Pacific region, through its wholly-owned subsidiary Naturo Group, through multi-channel distribution outlets including e-commerce, retail, and wholesale; the markets’ growing and prosperous middle-class consumer base represents an ideal demographic for the TRACE products, as consumers increasingly opt for healthier lifestyle choices; that Asian consumers represent a prime demographic for wellness-focused products; the increased interest from Asian customers and partners in the Company’s TRACE plant-based mineral products and its Canadian natural alkaline spring water; that the Company’s portfolio of products will address a growing demand for nutraceuticals and wellness-focused natural products; and other statements regarding the business plans of the Company. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements.
Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general market conditions; changes to consumer preferences; volatility of commodity prices; future legislative, tax and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the inability to implement business strategies; competition; currency and interest rate fluctuations; inability to successfully negotiate and enter into commercial arrangements with other parties; and other factors beyond the control of the Company and its commercial partners. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
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For media enquiries or interviews, please contact:
Wynn Theriault, Thirty Dash Communications Inc.
416-710-3370
wynn@thirtydash.ca
For investor enquiries, please contact:
Bryce Allen, BevCanna Enterprises Inc.
778-766-3744
bryce@bevcanna.com
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BevCanna
Trulieve Acquires Three West Virginia Dispensary Permits, Solidifying Position in the State
Trulieve acquires dispensary permits from Solevo Wellness West Virginia LLC for $650,000
Trulieve Cannabis Corp . (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the United States and the largest cannabis company in Florida announced today that it acquired Solevo Wellness West Virginia LLC (“Solevo”) and its three West Virginia dispensary permits for $650,000 . Solevo was awarded two permits in Morgantown and one in Parkersburg in January 2021 as part of the West Virginia application process.
“This acquisition enables Trulieve to broaden and solidify our position in the newly created West Virginia market. Solevo was granted three dispensaries as part of the application process entered by the Company before becoming part of the Trulieve family. Adding Solevo to our production and dispensary permits, as well as our recently announced definitive agreement to acquire Mountaineer Holdings and its cultivation and dispensary permits, will create a fully vertical presence in the state with nine dispensaries,” said Kim Rivers , CEO of Trulieve. “We look forward to providing the highest level of cannabis products and customer experience through authentic and reciprocal relationships to West Virginia patients.”
Transaction
Trulieve acquired Solevo and its three dispensary permits for an upfront payment of $150,000 in cash, and $500,000 in Trulieve subordinate voting shares (“Trulieve Shares”). Stock price is based on 10-day VWAP from the last trading day before signing. The transaction is contingent upon West Virginia state regulatory approval and customary closing conditions.
Advisors and Counsel
Fox Rothschild LLP is acting as legal counsel to Trulieve.
About Trulieve
Trulieve is a vertically integrated “seed-to-sale” company and is the first and largest fully licensed medical cannabis company in the State of Florida . Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida , as well as directly to patients via home delivery. Trulieve also operates in California , Massachusetts , Connecticut and Pennsylvania . Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and trades on the OTCQX Best Market under the symbol TCNNF.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
To learn more about Trulieve, visit www.Trulieve.com .
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Forward-Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company and statements with regard to the Report and the Company’s response thereto. Words such as “expects”, “continue”, “will”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company’s current projections and expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
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SOURCE Trulieve Cannabis Corp.
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Cannabis - Will The Fortune 500 Join The Party?
Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!
Better Plant Announces Agreement with Faire Wholesale Marketplace for Jusu Home and Body Products
Better Plant Sciences Inc. (CSE: PLNT) (OTCQB: VEGGF) (FSE: YG3) (“Better Plant”) or (the “Company”) a wellness company that develops and sells sustainable, plant-based products, is pleased to announce that it’s Jusu Home and Body line is now available for purchase on Faire Wholesale Marketplace (“Faire” or “www.faire.com”), an online wholesale marketplace valued at US $2.5 billion. Jusu Home and Body products are currently featured in their “New Arrivals” section.
Better Plant Announces Agreement with Faire Wholesale Marketplace For Jusu Home and Body Products
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Growing by 200% year over year, Faire currently serves over 170,000 independent retailers across North America, representing more retail locations than Marks & Spencer, Boots, Aldi, Starbucks, and Tesco combined. The platform has also recently launched in the United Kingdom and the Netherlands, with other European markets to follow in the coming months. “This partnership with Faire gives boutique retailers access to Jusu Home and Body products on a global scale and will showcase to retailers that are outside of our typical demographic”, says Amber Allen, Head of Sales for Better Plant. “We look forward to promoting Jusu products on this platform and connecting with many diverse buyers.”
Faire provides a holistic, end-to-end platform that enables independent retailers to build, grow, and run their businesses. Leveraging the Faire platform benefits retailers with perks such as payment flexibility and security, free returns, shipping solutions and data-driven recommendations.
According to a report by Globe Newswire, the global market for natural and organic personal care products is projected to reach a revised size of US $23.6 billion by 2027, growing at a CAGR of 9.3% over the analysis period 2020-2027.
About Faire:
Faire is a curated wholesale marketplace connecting more than 40,000 local retailers with thousands of emerging and established brands. Faire enables independent retailers to grow their business with the advantages of big box terms and empowers makers to seamlessly build and run their wholesale business. Faire was founded in 2017 and is powered by the idea that the future is local. Faire is backed by investors including Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, Sequoia Capital, Founders Fund, and DST Global. The company is headquartered in San Francisco, Kitchener-Waterloo, and Salt Lake City. To learn more, visit www.Faire.com.
About Better Plant:
Better Plant harnesses plant intelligence and leverages modern science to offer sustainable, plant-based products that are better for health and better for the earth. It makes and sells over 90 proprietary products, all made with 100% natural ingredients, under the brands Jusu, Urban Juve and Wright & Well. It has a direct-to-consumer platform for refrigerated goods that offers easy online ordering and convenient home delivery in select cities in Alberta and BC. Better Plant operates Jusu Bar, a quick serve restaurant alternative in Victoria, BC, which serves up fresh, healthy, and nutritious options with a focus on Jusu cold-pressed juices. Jusubar.com offers home delivery of refrigerated plant-based beverages consisting of cold-pressed juices and packaged juice cleanses. Through its Shopify enabled eCommerce sites getjusu.com and urbanjuve.com, Better Plant sells plant-based personal care products, including skin care, hair care, body care and baby care. Jusu also has a line of plant-based all-natural home cleaning products that are sold to cleaning companies, retailers and sold directly to consumers. Better Plant also offers operational, financial, and other services to companies with businesses that align with Better Plant’s mission to help create a better world. Better Plant incubated NeonMind, which sells medicinal mushroom infused coffees and is developing drugs with psychedelic ingredients to treat obesity and to suppress appetite. Better Plant owns approximately 27% of NeonMind, which trades separately as a public company under the tickers (CSE: NEON) and (OTCQB: NMDBF).
For more information on Better Plant, visit betterplantsciences.com or follow @betterplantsciences on Instagram.
Penny White, President & CEO
penny@betterplantsciences.com
1-833-515-2677
Investor Relations:
Alexandra Dumanski
invest@betterplantsciences.com
1-833-515-2677
Sales Inquiries:
Amber Allen, Head of Sales
amber@betterplantsciences.com
604-808-8118
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking information and statements (collectively, “forward looking statements”) under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates, forecasts, beliefs and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: risks related to the development, testing, licensing, brand development, availability of packaging, intellectual property protection, reduced global commerce and reduced access to raw materials and other supplies due to the spread of COVID-19, the potential for not acquiring any rights as a result of the patent application and any products making use of the intellectual property may be ineffective or the company may be unsuccessful in commercializing them; and other approvals will be required before commercial exploitation of the intellectual property can happen. Demand for the company’s products, general business, economic, competitive, political and social uncertainties, delay or failure to receive board or regulatory approvals where applicable, and the state of the capital markets. Better Plant cautions readers not to place undue reliance on forward-looking statements provided by Better Plant, as such forward-looking statements are not a guarantee of future results or performance and actual results may differ materially. The forward-looking statements contained in this press release are made as of the date of this press release, and Better Plant expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80230
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Aion Therapeutic Engages KCSA Strategic Communications as Corporate Communications Counsel
Aion Therapeutic Inc. (CSE: AION) (” Aion Therapeutic ” or the ” Company “) today announced that it has retained KCSA Strategic Communications (” KCSA “), a leading New York City -based communications firm.
KCSA will work with management to create a comprehensive, strategic communications program to lead the Company’s public and investor relations programs. Since KCSA’s inception, nearly fifty years ago, the firm has developed a strong reputation for its work representing public companies with an expertise in several verticals including the psychedelics and cannabis industries. The engagement is designed to increase the awareness and help enhance the profile of Aion Therapeutic in the marketplace.
“As we enter the next phase of growth for the Company, we have retained KCSA to help broaden our exposure to the investment community and to represent us in the media,” commented Graham Simmonds , Executive Vice Chair and CEO of Aion Therapeutic. “Our Company is at a very exciting stage and we look forward to communicating how our patented approach of utilizing psilocybin and other mushroom compounds in combination with cannabinoids to treat serious medical conditions to the global medical community.”
Phil Carlson , Managing Director of KCSA Strategic Communications, commented, “At KCSA, our professionals have an extensive history of providing expert communications and strategy for our clients. With many decades of experience, we have built a vast network in both the media and investment communities that we will proactively begin to introduce to Aion Therapeutic’s management team. We are pleased to implement this communications plan based on best practices for Aion Therapeutic.”
For its services supporting the Company’s public relations and investor relations efforts, KCSA will receive Usd. $15,000 per month. The term of the engagement will be initially six months and then ongoing on a month-to-month basis. The Company has the right to terminate the relationship with KCSA on 90 days’ notice.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
About KCSA Strategic Communications
KCSA is a fully integrated communications agency specializing in public relations, investor relations and social media, with expertise in financial services, technology and healthcare. Since 1969, the firm has demonstrated strategic thinking and program execution that drive results for clients in the ever-changing communications and digital landscape. The firm’s clients are its best references. For more information, please visit www.kcsa.com .
About Aion Therapeutic Inc.
Aion Therapeutic Inc. through its wholly-owned subsidiary, AI Pharmaceuticals Jamaica Limited, is in the business of research and development, treatment, data mining and state-of-the-art artificial intelligence (machine learning) techniques, focused on the development of combinatorial pharmaceuticals, nutraceuticals and cosmeceuticals utilizing compounds from cannabis (cannabinoids), psychedelic mushrooms (psilocybin), fungi (edible mushroom), natural psychedelic formulations (Ayahuasca), and other medicinal plants in a legal environment for this type of discovery. In addition, Aion Therapeutic is creating a strong international intellectual property portfolio related to its discoveries.
DISCLAIMER & READER ADVISORY
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “may”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include regulatory and other third-party approvals; licensing and other risks. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
SOURCE Aion Therapeutic Inc.
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