TORONTO, June 13, 2019 /CNW/ - 48North Cannabis Corp.
("48North" or the "Company") (TSXV: NRTH) has partnered with The
New Farm and Farms for Change in support of Community Food Centres
Canada, an organization focused on increasing access to healthy
organic food, and organic farms across Canada.
48North and The New Farm are steadfast in their commitment to
promoting environmental stewardship. Both organizations share a
belief that sustainable, profitable farms are the foundation of
healthy communities, and that local, organic agricultural products
should be available to everyone.
In May, 48North received its outdoor cultivation licence from
Health Canada for its 100-acre (3.7-million-square-feet of
cultivation space) organic farm ("Good Farm"), located in Brant
County, Ont. With this licence, Good Farm will become one of the
largest ever licensed cannabis operations in the world.
As the industry leader in outdoor cannabis cultivation — the
most environmentally friendly and cost-effective means of cannabis
production — 48North's Good Farm is at the forefront of sustainable
and organic cannabis production.
"We are so excited to announce 48North's partnership with Farms
for Change. There are a number of natural synergies between their
certified organic family farm and our Good Farm. Most importantly,
our mutual commitment to organic, sustainable farming and a desire
to support our local communities and spur local job creation," said
Jeannette VanderMarel, co-CEO of
48North.
The New Farm holds a fundraiser every summer that benefits Farms
for Change. In 2018, the event raised more than $150,000. This year, 48North has partnered with
the organization in support of their mission and event.
To show its support of sustainable agricultural practices,
48North is holding a draw for 10 complimentary tickets to the
sold-out event to be held on Saturday, June
15, 2019, from 5:30 p.m. to 11:30
p.m., at The New Farm, located at 9783 Sideroad 6/7
Nottawasaga in Creemore, Ont. Information on how to enter the
contest is available on 48North's Instagram page.
48North looks forward to seeing you at The New Farm.
About 48North
48North Cannabis Corp. (TSXV: NRTH) is a
vertically integrated cannabis company focused on the health and
wellness market through cultivation and extraction, as well as the
creation of innovative, authentic brands for next-generation
cannabis products. 48North is developing formulations and
manufacturing capabilities for its own proprietary products, as
well as positioning itself to contract manufacture similar products
for third parties. 48North operates Good Farm, a 100-acre
organic cannabis farm that is expected to produce more than 40,000
kilograms of organic, sun-grown cannabis, securing a significant
first-mover advantage in the production of low-cost,
next-generation, extract-based cannabis products. In addition,
48North operates two indoor-licensed cannabis production sites
in Ontario with more than 86,000 square feet of
production capacity. 48North cultivates unique genetics at its
wholly owned subsidiaries, DelShen Therapeutics Corp. ("DelShen")
and 2599760 Ontario Corp. dba Good & Green ("Good &
Green"), both Licensed Producers under the Cannabis Act. 48North
has a growing portfolio of brands that include Latitude, a women's
cannabis platform (explorelatitude.com); Mother & Clone, a
rapid-acting sublingual cannabis nanospray (momandclone.com); and
Avitas, a single-strain vaporizer cartridge (avitasgrown.com).
DISCLAIMER & READER ADVISORY
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. Certain statements contained in this
press release constitute forward-looking information. These
statements relate to future events or future performance. The use
of any of the words "could," "intend," "expect," "believe," "will,"
"projected," "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the parties'
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially.
Forward-looking statements in this news release include statements
relating to the business plan and future operations of the Company.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the forward-looking statements,
including the possibility that the business plan described herein
will not be completed, that 48North may not derive the expected
benefits from such business plans, or that applicable regulatory
approvals will be obtained to carry out the activities contemplated
herein. The business of the Company is subject to a number of
material risks and uncertainties. Please refer to the Company's
SEDAR filings for further details. Various assumptions or factors
are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking information.
Those assumptions and factors are based on information currently
available to the parties. The material factors and assumptions
include the Company being able to obtain the necessary corporate,
regulatory and other third-party approvals, and licensing and other
risks associated with the Cannabis Act. The forward-looking
information contained in this release is made as of the date hereof
and the parties are not obligated to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
SOURCE 48North Cannabis Corp.