Victoria, B.C. — August 23, 2018 — /D.M.O. Newswire/ — Emerald Well being 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 substantial-scale, low-expense, higher-high-quality cannabis production, Pure Sunfarms, received from Well being 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 around 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 construct-out more than the subsequent months,” stated Chris Wagner, CEO of Emerald. “As October 17th swiftly approaches, we are ready for substantial sales development and leveraging the prospective of this substantial, extremely optimized increasing facility.”
“We are thrilled with the fast pace at which the Pure Sunfarms group continues to total conversion of extra production location, as nicely as the fast pace at which it has been capable to safe amendments to its cultivation license to steadily expand production,” stated Michael DeGiglio, CEO of Village Farms. “It’s a testament to the worth of decades of substantial-scale operational encounter combined with an unwavering method to undertaking points the ideal way.”
Pure Sunfarms expects to have the complete 1.1 million square foot Delta three facility, one particular of the single biggest cannabis increasing facilities in the globe, converted for cannabis production by year finish. The technologically-sophisticated Delta three greenhouse design and style is primarily based on decades of substantial-scale, low-expense agricultural production encounter 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 (much more than 85 harvests annually) and an automated approach line encompassing harvesting, trimming, drying and packaging.
About Village Farms International, Inc.
Village Farms International, Inc. is one particular of the biggest and longest-operating vertically integrated greenhouse growers in North America and the only publicly traded greenhouse create enterprise in Canada. With much more than 750 years of accumulated master grower encounter coupled with sophisticated proprietary technologies and environmentally sustainable increasing practices, Village Farms is extremely resource effective. Village Farms produces and distributes fresh, premium-high-quality create with consistency 365-days a year to national grocers in the U.S. and Canada from its substantial-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 Well being Therapeutics, Inc.
Emerald Well being Therapeutics (TSXV: EMH OTCQX: EMHTF Frankfurt: TBD) is licensed in Canada to create and sell dried cannabis and cannabis oil for healthcare purposes. Emerald is preparing to serve the totally legalized Canadian adult-use cannabis marketplace 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 preparing to add a 500,000 square foot greenhouse in Metro Vancouver. Emerald’s group is extremely skilled in life sciences, item improvement, substantial-scale agri-small business, and marketing and advertising, and is focused on establishing worth-added cannabis-primarily based merchandise with prospective wellness and healthcare advantages. Emerald is portion of the Emerald Well being group, which is broadly focused on establishing pharmaceutical, botanical, and nutraceutical merchandise that may perhaps supply wellness and healthcare advantages by interacting with the human body’s endocannabinoid technique.
Please check out www.emeraldhealth.ca for much more info 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 Concerning Forward-Searching Statements: Particular statements produced in this press release that are not historical details are forward-seeking statements and are topic to essential dangers, uncertainties and assumptions, each common and distinct, which give rise to the possibility that actual outcomes or events could differ materially from our expectations expressed in or implied by such forward-seeking statements. Such statements include things like legalization of nonmedicinal cannabis production capacity of a variety of facilities expansion of facilities and anticipated production charges.
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