TORONTO, Oct. 18, 2019 /CNW/ – Avicanna Inc. (“Avicanna” or the “Business“) (TSX: AVCN) (OTCQX: AVCNF), a biopharmaceutical firm focused on the improvement, manufacturing and commercialization of organic and sustainable plant-derived cannabinoid-primarily based items, is pleased to announce that Santa Marta Golden Hemp S.A.S. (“SMGH“), a majority owned subsidiary of the Business, has obtained a United States Division of Agriculture (“USDA“) National Organic System (“NOP“) certification from Manage Union Certifications, for its hemp cultivar, and has obtained registration for an extra 15 genetic strains of cannabis.
USDA Organic Certification
Receipt of a NOP certification from the USDA for the cultivation of hemp (non-psychoactive cannabis) tends to make SMGH the initial producer to acquire this certification in Colombia. As a outcome, SMGH’s organic cultivation practices are now validated by the USDA, which positions the Business to deliver certified organic hemp derivatives for use in supplements and meals items developed or shipped to the United States. The USDA protects customers by enabling certified growers to use the USDA organic logo on items that are grown with no the use of synthetic fertilizers, pesticides or herbicides. Any items intended for healthcare purposes coming from this organic cultivated hemp are outdoors of the scope of this certificate and can’t be commercialized as “organic”.
Aras Azadian, the Company’s Chief Executive Officer, stated, “Receiving the USDA NOP certification marks a substantial milestone in our commitment to assistance set the highest top quality requirements in organic and sustainable cannabis cultivation, as we take an additional step forward towards becoming a international leader in the CBD market. We count on this achievement to facilitate our development tactic, which incorporates the expansion of each our plant-derived active pharmaceutical components (“APIs“) and bulk CBD formulations, as nicely as our branded lines of completed derma-cosmetics and phyto-therapeutic items into the U.S. and European markets exactly where the USDA certification is a premium differentiator for these solution categories that permit hemp to be certified as organic.”
About Organic Cultivation
Devoted to environmental preservation, SMGH will cultivate 100% sun-grown USDA certified organic hemp. Implementing Great Agricultural and Collection Practices and advertising a living soil technique, SMGH’s plants will develop healthier. The use of chemical pesticides and herbicides is dangerous for the customer, the plant, and mainly the atmosphere. Plants grown beneath the stress of traditional practices do not create to create their complete prospective of nutrients and positive aspects. Chemical substances made use of in traditional agriculture are accountable for poisoning water sources, damaging the soil and diminishing its potential to sequester carbon dioxide which is a main lead to for international warming. SMGH strives to sustain its soils totally free from synthetic compounds as a compromise to our planet.
Registration of Further Genetics
On October 18, 2019, Avicanna received confirmation that SMGH has obtained registrations for 11 strains of psychoactive cannabis and four strains of non-psychoactive cannabis. Following such registration, SMGH has a total of 14 registered strains of psychoactive cannabis and five registered strains of non-psychoactive cannabis. SMGH, can commence production of items containing every single strain of non-psychoactive cannabis that has been registered and, upon receipt of a quota with respect to every single registered psychoactive strain, SMGH will be in a position to commence production of items containing every single strain of its registered psychoactive cannabis strains. In addition, such registration enables SMGH to market place seeds of such registered genetics and export propagation material (upon receipt of essential approvals).
“Achieving this extra registration not only expands Avicanna’s genetic bank for industrial purposes but also reflects our commitment to operate with a wide variety of varieties that deliver a new variety of cannabinoids for our study and improvement projects. This registration will also improve our capacity to continue enhancing and stabilizing higher functionality genetics as component of our breeding plan,” stated Avicanna’s Chief Agricultural Officer, Lucas Nosiglia.
Avicanna is an Ontario corporation focused on the improvement, manufacturing and commercialization of plant-derived cannabinoid-primarily based items by means of its two principal company segments, cultivation and study and improvement.
Avicanna’s two majority-owned subsidiaries, Sativa Nativa S.A.S. and Santa Marta Golden Hemp S.A.S., each situated in Santa Marta, Colombia are the base for Avicanna’s cultivation activities. These two firms are licensed to cultivate and course of action cannabis for the production of cannabis extracts and purified cannabinoids which includes cannabidiol ( CBD) and tetrahydrocannabinol (THC).
Avicanna’s study and improvement company is mostly carried out out of Canada at its headquarters in the Johnson & Johnson Innovation Centre, JLABS @ Toronto. Avicanna’s scientific group develops items, and Avicanna has also engaged the solutions of researchers at the Leslie Dan Faculty of Pharmacy at the University of Toronto for the goal of optimizing and enhancing upon its items.
Avicanna’s study and improvement and cultivation activities are focused on the improvement of its essential items, which includes plant-derived cannabinoid pharmaceuticals, phyto-therapeutics, derma-cosmetics and Extracts (defined as plant-derived cannabinoid extracts and purified cannabinoids, which includes distillates and isolates), with a purpose of at some point getting these items manufactured and distributed by means of several markets.
For far more details about Avicanna, visit www.avicanna.com, contact 1-647-243-5283, or make contact with Setu Purohit, President by email [email protected].
Cautionary Note Relating to Forward-Hunting Facts and Statements
Particular details in this press release consists of forward-searching statements. Such statements include things like but are not restricted to the potential of the Business to use its organic hemp in supplements and meals items, the expectation that the receipt of the NOP certification will permit the Business to accelerate development, that SMGH will cultivate 100% sun-grown USDA organic hemp and that SMGH will be in a position to commence production of its registered psychoactive strains of cannabis. This details is primarily based on present expectations that are topic to substantial dangers and uncertainties that are challenging to predict, which includes the danger variables set out beneath the heading “Risk Factors” in the Company’s lengthy kind final prospectus dated July eight, 2019. Actual benefits may differ materially from benefits recommended in any forward-searching statements. The Business assumes no obligation to update the forward-searching statements, or to update the causes why actual benefits could differ from these reflected in the forward-searching statements, unless and till essential by securities laws applicable to the Business.
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