OTTAWA, Sept. 13, 2018 /CNW Telbec/ - LiveWell
Canada Inc. ("LiveWell" or the "Company"), (TSXV:
LVWL), is pleased to announce the completion of the initial phase
of the Artiva facility in Ottawa
for licensing. In cooperation with its partners Canopy Growth
and Canopy Rivers, the Company has prepared its Confirmation of
Readiness ("COR") package for submission to Health Canada to
demonstrate its compliance with the Access to Cannabis for Medical
Purposes Regulation (ACMPR) security requirements, for the purposes
of obtaining a production license.
Upon receipt of its production license, the Company plans to
immediately begin the next phase of expansion at the site.
Subject to Health Canada and other standard regulatory approvals,
the Company anticipates being ready to begin production once the
production license has been granted.
The Artiva facility is strategically located in the nations
capital in Ottawa,
Ontario. The property sits on 100 acres of land with 540,000
square feet of existing greenhouses and 200,000 square feet of hot
houses.
About LiveWell Canada
LiveWell Canada Inc. (TSXV:
LVWL) is an innovative Canadian company planning to become a leader
in a new approach to health and wellness by conducting advanced
studies on cannabidiol (CBD) and other cannabinoids in its
world-class Research and Innovation Centre located
in Litchfield, Québec. The company's mission also includes
developing and distributing prescription and consumer health
products. With more than 1.5 million square feet of
greenhouses under construction located in Ontario and
Québec, the company is supported by renowned academic and business
partners such as Canopy Growth (TSX: WEED) (NYSE: CGC) and Canopy
Rivers. For more information, visit livewellcorp.com.
Cautionary Note Regarding Forward-Looking Statements
This release includes forward-looking statements about the
Company and its business. Often, but not always, forward-looking
statements can be identified by the use of words such as "plan",
"continue", "expect", "schedule", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "potential", "proposed"
and other similar words, or statements (including negative
variations) that certain events or conditions "may" or "will"
occur. Such statements are based on the current
expectations of management. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of unknown and known risk factors and uncertainties affecting the
Company, including risks regarding the cannabis and hemp industry,
economic factors, the equity markets and risks associated with
growth and competition. The Company cautions that this foregoing
list of material factors is not exhaustive, and readers are
encouraged to read all Risk Factors disclosed in the Company's
Filing Statement dated May 29,
2018.
The forward-looking information contained in this press
release represents expectations of the Company as of the date of
this press release and accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the Company may elect to, it does not undertake
to update this information at any particular time except as
required in accordance with applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
For more information, visit livewellcorp.com.
SOURCE LiveWell Canada Inc.