Emerald Health Therapeutics Applauds the Government of Canada for the Release of Final Ingestible Regulations
14 Junho 2019 - 4:40PM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) is pleased that today the Government of Canada released the
final regulatory framework for ingestibles and edibles.
“The clarity of the final regulatory framework
provides is important for Emerald in bringing our new product
categories such as vape pens, ingestibles and edibles to market,”
said Allan Rewak, VP Communications and Stakeholder Relations. “We
applaud the government for providing this certainty today.”
The regulatory framework announced by Health
Canada prohibits product forms that could be appealing to children
and youth, combine alcohol or nicotine with cannabis and restrict
production of infused cannabis products to dedicated licenced
cannabis facilities approved by Health Canada.
“We see today’s announcement as a positive step
forward and a validation of our plan,” said Dr. Avtar Dhillon,
Emerald’s Executive Chairman and President. “In anticipation of the
restrictions placed on production for infused cannabis products, we
worked with our strategic partner the Factors Group to fully
segment their Kelowna plant into a separate processing facility. As
a result of this early action, I am pleased to say that the Factors
Group is working to complete construction in the near term, with
the final evidence package to be submitted to Health Canada shortly
thereafter.”
Emerald’s partnership with the Factors Group is
anticipated to greatly assist the Company in overcoming processing
bottlenecks in the Canadian marketplace for extraction and
ingestible processing due to the restrictions on allowable
production facilities. Once fully operational, the Factors Group
will be capable of converting up to 1 million kg of biomass into
value added products, beginning with soft-gels.
The regulations announced today will come into
force on October 17th, 2019, which when combined with the statutory
60-day notification period for new product forms, will allow
Emerald to introduce new ingestible product categories to market in
the December – January timeframe.
About Emerald Health
Therapeutics
Emerald Health Therapeutics, Inc. is a Canadian
licensed producer of cannabis. Its 50%-owned Pure Sunfarms joint
venture in BC is licensed and fully planted in the first of its two
1.1 million square foot greenhouses. The capacity of each
greenhouse is estimated to exceed 75,000 kg of cannabis annually.
Emerald’s Verdélite operation in Saint Eustache, Québec is
completing the build-out of its 88,000 square foot indoor
cultivation facility and is scaling up production. Emerald has
contracted for approximately 1,200 acres of hemp in 2019 to 2022
with the objective of extracting low-cost cannabidiol. Emerald has
secured exclusive strategic partnerships for large scale extraction
and softgel encapsulation, as well as for proprietary technology to
enhance cannabinoid bioavailability. Its team is highly experienced
in life sciences, product development, large-scale agri-business,
and marketing, and is focused on developing proprietary,
value-added cannabis products for medical and adult-use
customers.
Emerald is part of the Emerald Group, which
represents a broad array of companies focused on developing
pharmaceutical, botanical, and nutraceutical products aimed at
providing wellness and medical benefits by interacting with the
human body’s endocannabinoid system.
Please visit www.emeraldhealth.ca for more information or
contact: Rob Hill, Chief Financial Officer (800) 757 3536 Ext. #
5
Emerald Media Relations Allan Rewak (647)
206-1231arewak@emeraldhealth.ca
Emerald Investor Relations (800) 757 3536 Ext.
#5
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