Hill Street Beverage (TSXV:BEER)
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1 Year : From Aug 2018 to Aug 2019
TORONTO, Sept. 18, 2018 /CNW/ - Hill Street Beverage Company Inc. ("Hill Street" or "the Company") (TSX-V: BEER) has submitted an application to Health Canada's Office of Controlled Substances for a Standard Processor Licence under the Cannabis Act. This license, if granted, will allow the Company to, among other things, produce, make, assemble, sell, provide and transport cannabis products, subject to applicable regulations.
"Hill Street's application marks a significant step forward in the extension of our portfolio of alcohol-free beverages, and our transition coincides with the scheduled change in the status of cannabis." said Terry Donnelly, Hill Street's Chairman and CEO. "While we have applied for a Dealer License, this license as we know it will cease to exist on October 17 when cannabis is approved for recreational use in Canada. At that time, our application will be converted into a Standard Processor Licence."
About Hill Street Beverage Company Inc. (TSXV:BEER)
Founded in 2008, Hill Street Beverage Company is the world's most award-winning company exclusively focused on alcohol-free beer, wine, and adult format beverages. Hill Street products include: Hill Street Craft Brewed Lager, Designated Draft alcohol-free beer, Vin(Zero) wines, and Vintense wines. Hill Street's award-winning products have won the Retail Council of Canada's Grand Prix, and numerous medals and accolades including three Gold, two Silver, and two Bronze Medals at the U.S. Open Beer Championships, and a prestigious Double Gold Medal at the San Francisco International Wine Challenge. As a result of the Royal Assent of Canada's Bill C-45, legislation to allow the sale of cannabis-infused beverages is expected to occur by October 17, 2019. Hill Street is currently applying for appropriate licenses to permit the production and sale of cannabis infused beverages in Canada, with the view of having infused products available for sale once the regulations permit. www.hillstreetbeverages.com
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SOURCE Hill Street Beverage Co.