VIVO Cannabis Selected as a Supplier to Ontario Retail Cannabis Market
August 21 2018 - 7:00AM
VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: ABCCF)
(“
VIVO” or the “
Company”) is
pleased to announce that it has completed an agreement with the
Ontario Cannabis Store (“OCS”) to supply the province with
high-quality cannabis products. Under the terms of the
agreement, VIVO will supply the Ontario market with 16 cannabis
products to meet demand in the adult-use recreational cannabis
market, set to open on October 17, 2018.
"The agreement with OCS is a significant
milestone and we are confident that cannabis consumers in Ontario
will appreciate our high-quality branded products,” said Barry
Fishman, CEO of VIVO Cannabis. “We are extremely excited to
introduce the craft-grown dried flower that will go into our
FIRESIDE™ whole bud and pre-rolled products, and to offer our
elegantly designed wellness-focused LUMINA™ cannabis
oils.”
About VIVO Cannabis™
VIVO is recognized for trusted, high-quality
products and services. It holds production and sales licences from
Health Canada and its world-class indoor cultivation facility in
Napanee, Ontario contains proprietary plant-growing technology.
VIVO is expanding its production capacity and pursuing partnership
and product development opportunities domestically, as well as in
select international markets, including Germany, Australia and
Israel.
VIVO recently announced that it has entered into
a definitive agreement to acquire 100% of the issued and
outstanding share capital of Canna Farms Limited, a premium
cannabis company based in Hope, British Columbia. Canna Farms was
B.C.’s first Licensed Producer and has several years of craft
cultivation experience and expertise, as well as a significant
patient base and positive cash flow.
More Information
Barry Fishman, CEO: barry.fishman@vivocannabis.com Michael
Bumby, CFO: michael.bumby@vivocannabis.com
Website: vivocannabis.com
ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman (CEO and Director)
Neither 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.
Disclaimer for Forward-Looking Information
This news release contains forward-looking
statements, including statements regarding the Company’s announced
completion of an agreement with OCS and the potential expected
benefits of that agreement. The forward-looking statements in this
release are based on certain assumptions and involve known and
unknown risks and uncertainties and other factors that could cause
actual events to differ materially from current assumptions and
expectations, including that the agreement with OCS may not lead to
any material benefits for the Company, or that OCS will want to
renew the contract on an ongoing basis, or that Ontario cannabis
consumers will value the FIRESIDETM and LUMINATM brands.
These forward-looking statements should not be read as
guarantees of future performance or results. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements
including, but not limited to, that the proposed Canna Farms
acquisition may not close on the terms expected or at all; that
there may be regulatory impediments to the timing of the opening of
the adult use market; and that there may occur changes to industry
regulations that are adverse to the Company. A more complete
discussion of the risks and uncertainties facing the Company
appears in the Company’s Annual Information Form and continuous
disclosure filings, which are available on SEDAR
at www.sedar.com. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this news release. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements as a result of new information or future events, or for
any other reason, other than as required by applicable securities
laws.
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