Emerald Health Therapeutics Receives Organic Certification for Greenhouse and Outdoor Metro Vancouver Operation
12 Novembro 2019 - 9:00AM
Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX:
EMHTF) has received organic certification for cannabis production
at its Metro Vancouver operation in British Columbia, which
encompasses 156,000 square feet in two greenhouses as well as 12
acres (~500,000 square feet) of licensed outdoor cultivation
area.
Certification was provided by Pro-Cert, which is
accredited by the Canadian Food Inspection Agency to provide third
party certification to the Canada Organic Regime (COR) and its
equivalency arrangements. COR certification is required to produce,
process, package or label a product with an organic claim and place
it for sale in Canada.
“Our Metro Vancouver operation is designed to
serve medicinal customers and adult-use consumers looking
particularly for health and wellness benefits, and we believe that
producing our products according to organic standards will be a
favourable distinction in the marketplace,” said Riaz Bandali,
President and Chief Executive Officer of Emerald. “With both indoor
and outdoor cultivation, we expect this certified site to play an
integral role in facilitating the expansion of Emerald’s product
line and positioning.”
Full planting in the recently licensed first of
two 78,000 square foot greenhouses is expected to be completed by
the end of 2019. The facility was built with technological
advancements and operational efficiencies to reduce environmental
impact and incorporate sustainable principals such as recycling of
water and living soils. Plastic consumption and carbon footprint
from transportation of materials is greatly reduced by recycling
organic soils over many years. Organic cannabis production
does not allow for the use of pesticides.
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 of
premium, craft cannabis strains. Its Metro Vancouver high-quality
organic greenhouse and outdoor operation is expanding 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 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
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
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.
We cannot guarantee that any forward-looking
statement will materialize, and readers are cautioned not to place
undue reliance on these forward-looking statements. These
forward-looking statements involve risks and uncertainties related
to, among other things, changes of law and regulations; changes of
government; failure to obtain regulatory approvals or permits;
failure to obtain necessary financing; results of production and
sale activities; results of scientific research; regulatory
changes; changes in prices and costs of inputs; demand for labour;
demand for products; failure of counter-parties to perform
contractual obligations; as well as the risk factors described in
the Company’s annual information form and other regulatory filings.
The forward-looking statements contained in this press release
represent our expectations as of the date hereof. Forward-looking
statements are presented for the purpose of providing information
about management's current expectations and plans and allowing
investors and others to obtain a better understanding of our
anticipated operating environment. Readers are cautioned that such
information may not be appropriate for other purposes. The Company
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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