Emerald Health Therapeutics to Supply STENOCARE with Medical Cannabis Products for Denmark
07 Novembro 2019 - 9:00AM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) has signed an agreement to become a new supplier to
STENOCARE A/S (“STENOCARE”) of medical cannabis for Denmark and
STENOCARE’s international markets.
Since early September 2019, Emerald and
STENOCARE have worked closely together to pre-qualify Emerald’s
products and production methods. STENOCARE and Emerald will now
commence the work with the Danish Medicines Agency (“DMA”) to have
Emerald’s products ready and approved for the Danish Medical
Cannabis Pilot Programme. The companies are aiming for product
approval for CBD oil, THC oil and CBD+THC oil. The partnership is
also intended to extend to STENOCARE’s Irish subsidiary and to
additional markets which are being evaluated.
“STENOCARE has carefully evaluated potential new
suppliers of medical cannabis in order to supply products suitable
for Danish patients according to the strict requirements of the
Danish Medicines Agency. We selected Emerald because of their
strong capabilities across cultivation, processing, formulation and
testing,” said Thomas Skovlund Schnegelsberg, CEO of STENOCARE. “We
have previously been supplying medical cannabis to hospitals and
pharmacies and have a ready customer base awaiting a new supply of
products. We expect our partnership with Emerald to help us meet
this demand and support STENOCARE’s vision of supplying medical
cannabis that helps patients to achieve a better quality of
life.”
“We respect STENOCARE’s professionalism and
their accomplishment in establishing leading distribution channels
for medical cannabis in Denmark. We also appreciate their trust in
Emerald’s capability’s and standards as they transition to new
preferred supplier relationships,” said Riaz Bandali, CEO of
Emerald. “As Emerald ramps up production at its two recently
fully-licensed production facilities, we look forward to fulfilling
our commitment to STENOCARE and helping them to serve Danish
patients.”
On January 1st, 2018, medical cannabis was
legalized in Denmark under a four-year trial-programme, enabling
all Danish physicians to prescribe cannabis for medical use. This
programme also allows vendors that have been licensed by the Danish
Medicines Agency (DMA) to cultivate, produce, import and distribute
medical cannabis.
About STENOCARE A/S
STENOCARE A/S was founded in 2017 with the
purpose of being an active participant in the Danish Medical
Cannabis Pilot Programme. The company was the first to receive the
Danish Medicines Agency's permission to import, distribute as well
as cultivate and produce medical cannabis. STENOCARE is also
developing a separate production facility for the cultivation and
production of medical cannabis at the company’s premises in
Jutland, Denmark. STENOCARE is, and has always been, fully devoted
to bringing the best quality source of products to patients in the
Danish market approved under the Danish Medical Cannabis Pilot
Programme.
About Emerald Health
Therapeutics
Emerald Health Therapeutics, Inc. is a Canadian
licensed producer of cannabis products focused on differentiated,
value-added product development for medical and adult-use customers
supported by novel intellectual property, large-scale cultivation,
extraction, and softgel encapsulation, as well as unique marketing
and distribution channels. Its 50%-owned Pure Sunfarms operation in
British Columbia, with value-oriented products, is in full
production at its first 1.1 million square foot greenhouse
operation, Delta 3. Pure Sunfarms’ second 1.1 million square foot
greenhouse, Delta 2, is planned to be in full production by the end
of 2020. Emerald’s Verdélite 88,000 square foot indoor production
facility in Québec is fully-licensed and increasing cultivation
toward full production of premium, craft cannabis strains. Its
Metro Vancouver high-quality organic greenhouse and outdoor
operation is scaling production in the first of two 78,000 square
foot buildings. Its Emerald Health Naturals joint venture is
broadening distribution of its non-cannabis
endocannabinoid-supporting product line across Canada. Emerald has
contracted for approximately 1,000 acres of hemp annually in 2019
to 2022 with the objective of extracting low-cost CBD. The
executive team is highly experienced in life sciences, product
development, large-scale agri-business, and marketing.
Please visit www.emeraldhealth.ca for more information or
contact: Jenn Hepburn, Chief Financial Officer (800) 757 3536 Ext.
# 5
Emerald Investor Relations (800) 757 3536 Ext.
#5invest@emeraldhealth.ca
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the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements: Certain statements made in this press release that are
not historical facts are forward-looking statements and are subject
to important risks, uncertainties and assumptions, both general and
specific, which give rise to the possibility that actual results or
events could differ materially from our expectations expressed in
or implied by such forward-looking statements. Such statements
include obtaining required regulatory approvals; production and
processing capacity of various facilities; expansion of facilities;
obtaining additional cultivation licenses and other permits;
production at various facilities; receipt of hemp deliveries;
entering into of strategic agreements; payments of amounts owed to
and owed by Emerald; transplanting crops; obtaining final municipal
approvals; assessment of cultivation and harvesting techniques;
scale up of reliable, quality low-cost cannabis; and anticipated
production costs.
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undue reliance on these forward-looking statements. These
forward-looking statements involve risks and uncertainties related
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undertakes no obligations to update or revise such statements to
reflect new circumstances or unanticipated events as they occur,
unless required by applicable law.
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