REPEAT - AgraFlora Organics Awarded Health Canada Research License at GMP Winnipeg Edibles Facility
27 November 2019 - 2:00PM
AgraFlora Organics International Inc.
(“
AgraFlora” or the
“
Company”) (
CSE: AGRA) (Frankfurt:
PU31) (OTCPK: AGFAF), a growth oriented and diversified
international cannabis company, is pleased to announce the
Company’s subsidiary, The Edibles and Infusions Corporation
(“Edible & Infusions”) has been awarded a cannabis research
licence from Health Canada (the “Research License”) under the
Cannabis Regulations Act.
The Research License equips AgraFlora with the
ability to develop cannabis edible formulations, as well as perform
human sensory testing for taste, appearance, aroma and texture at
its 51,500 square foot edibles manufacturing facility located in
Winnipeg, Manitoba (the “Winnipeg Edibles Facility”). The Research
License also allows AgraFlora to possess and store dry cannabis,
cannabis oils/concentrates and cannabis edibles.
The Company is preparing to immediately
begin various formulation and product development campaigns upon
the receipt of THC/CBD distillate at its on-site 750 square foot,
pharmaceutical grade laboratory.
AgraFlora also announces that its roster of food
engineers, nutritionists and scientists will be travelling to the
Winnipeg Edibles Facility to assist with optimizing
bioavailability, consistent dosing protocols and the flavouring of
its formulations. The Company’s in-house food science consultancy
arm is comprised by experienced microbiologists, as well as
certified bakers trained by the American Institute of Baking (the
“AIB”). The AIB is a 100-year-old cornerstone industry authority,
which has successfully instituted food safety, quality management
and optimized production practices for some of the world's most
prominent food conglomerates including P&G, Nestle, Kraft and
Heinz.
AgraFlora’s food engineers, nutritionists and
scientists have created numerous turnkey recipes for a variety of
Fortune 500 companies, resulting in over US$300 million of
attributable sales revenues. Armed with 30 years of combined
experience within the competitive CPG food product development
space, the Company’s in-house food science team has developed a
portfolio of successful products for CPG industry leaders such as
Dean Foods- the largest dairy company in America.
Brandon Boddy, Chairman and Chief Executive Officer
of AgraFlora stated: “This Research Licence is a critical milestone
for Edibles & Infusions and AgraFlora, as it is the final
regulatory requirement that must be met before revenue generating
product formulation and research initiatives can begin at our
Winnipeg Edibles Facility. Many thanks to the high functioning and
multifaceted Edibles & Infusions’ team for their commitment to
this state of the art facility; consistently achieving
mission-critical, project-level deliverables under budget and ahead
of schedule.”
About AgraFlora Organics International
Inc.
AgraFlora Organics International Inc. is a growth
oriented and diversified company focused on the international
cannabis industry. It owns an indoor cultivation operation in
London, ON and is a joint venture partner in Propagation Services
Canada Inc. and its large-scale 2,200,000 sq. ft. greenhouse
complex in Delta, BC. The Company is also retrofitting a
51,500-square-foot good manufacturing practice (“GMP”) edibles
manufacturing facility in Winnipeg, Manitoba. AgraFlora has a
successful record of creating shareholder value and is actively
pursuing other opportunities within the cannabis industry. For more
information please visit: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Brandon Boddy Chairman & CEOT: (604)
398-3147
For additional
information:AgraFlora Organics International Inc.
Tim McNultyE: ir@agraflora.com T: (800) 783-6056 |
For French inquiries: Remy
Scalabrini, Maricom Inc.E: rs@maricom.ca T: (888)
585-MARI |
The CSE and Information Service Provider have not
reviewed and does not accept responsibility for the accuracy or
adequacy of this release.
Forward-looking Information Cautionary
Statement
Except for statements of historic fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements
including, but not limited to delays or uncertainties with
regulatory approvals, including that of the CSE. There are
uncertainties inherent in forward-looking information, including
factors beyond the Company’s control. There are no assurances that
the business plans for AgraFlora Organics described in this news
release will come into effect on the terms or time frame described
herein. The Company undertakes no obligation to update
forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and
uncertainties that could affect financial results is contained in
the Company’s filings with Canadian securities regulators, which
are available at www.sedar.com.
Agra Ventures (CSE:AGRA)
Historical Stock Chart
Von Jan 2025 bis Feb 2025
Agra Ventures (CSE:AGRA)
Historical Stock Chart
Von Feb 2024 bis Feb 2025