AgraFlora Organics Deploys Patented, Pharma-Grade Cannabinoid Delivery Bottle Cap Technology at GMP Certified Toronto, ON Bot...
July 09 2019 - 3:05AM
AgraFlora Organics International Inc.
(“
AgraFlora” or the
“
Company”) (
CSE: AGRA) (Frankfurt:
PU31) (OTCPK: PUFXF), a growth oriented and diversified
international cannabis company, is pleased to provide the following
Phase 1 product development and facility retrofit guidance
pertaining to the integration of its patented, pharma-grade
beverage dispensing cap technology (the “Twist & Release Dose
Cap”) at the Company’s fully operational, GMP certified Toronto, ON
bottling facility (the “Bottling Facility”):
- Ongoing Twist & Release Dose Cap bottling line
customization, equipment installation and GMP integration to
facilitate the rapid production of cannabinoid-infused beverages
including: ° Functional water, juices, coffees and teas in a number
of formats including glass bottles, polyethylene terephthalate
(“PET”) bottles and aluminum cans; ° Configured to achieve
annual throughput of up to 30 million bottles, while minimizing
downtime of production changeovers;
- Construction of a partitioned GMP certified clean room for the
manufacturing and assembly of its patented Twist & Release Dose
Cap units;
- Manufacturing of 25,000 Twist & Release Dose Cap units for
internal testing, prototyping and R&D purposes;
- Finalized purchase order for 1,900,000 Twist & Release Dose
Cap units for mass production, further solidifying AgraFlora’s
position as a first mover within the cannabinoid-infused beverage
vertical:° Sole Canadian manufacturer and distributor of the
Twist & Release Dose Cap, certified for health care and
pharmaceutical applications:
https://agraflora.com/brands/health-cap-holdings/° Developed
over five years, with research and development expenditures of over
$30 million;° Robust patent portfolio, including seven design
patents, 10 utility patents, as well as certified as a pharma-grade
medical device under three U.S. medical patents; ° Exclusive
care and control of a portfolio of established cannabinoid-infused
product formulation recipes already featured in mature U.S.
marketplaces;
- Initiation of Phase 2 product development initiatives,
leveraging patented pharmaceutical-grade dispensing cap technology,
as well as advanced delivery mechanisms to provide optimized
ingredient effectiveness for the end consumers; and,
- Purchasing of additional, state-of-the-art bottling line
equipment forecasted to increase Twist & Release Dose Cap
production capabilities by nearly a factor of two.
By way of an exclusive licensing agreement, AgraFlora is
positioned as the industry's sole Canadian manufacturer and
distributor of the Twist & Release Dose Cap, a patented
pharmaceutical-grade dispensing cap technology and hermetically
sealed bottle cap cannabinoid delivery mechanisms designed to
preserve the static state of CBD/THC extracts.
AgraFlora’s patented, pharma-grade dispensing cap technology
coupled with its state-of-the-art Bottling Facility affords the
Company the ability to immediately begin prototyping and product
development for a suite of cannabinoid-infused beverages; thus
preserving its first-mover advantage within the infused beverage
arena.
Equipped with airtight and moisture-resistant bottle cap
technology to protect volatile ingredients such as cannabinoids,
antibiotics, probiotics, vitamins and minerals, the Twist &
Release Dose Cap is engineered to provide optimized ingredient
effectiveness for the end consumers. The Company’s intuitive
cannabinoid-infused delivery technology enables the fresh release
of premium and blended medicinal ingredients and/or cannabinoids
into an assortment of bottled liquids; resulting in superior shelf
stability and increased efficacy when compared with premixed
beverages, which are susceptible to rapid nutrient
deterioration.
AgraFlora’s Bottling Facility, which is currently fully
operational, can achieve an annual throughput of up to 30 million
bottles and is outfitted with state-of-the-art bottling equipment
configured to conduct rapid production runs. Upon receipt of
required Health Canada issued licenses, the Bottling Facility will
have the capability to deliver products ranging from
cannabinoid-infused functional water and juice based beverages to
coffees and teas.
Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora
stated: “With the integration of our patented, pharma-grade Twist
& Release Dose Cap, the Company’s Toronto, ON Bottling Facility
is arguably the industry’s premier one-stop craft production
facility for cannabinoid-infused beverages.
Already certified with GMP, organic, vegan, Fair Trade and
kosher status, our Bottling Facility is currently undergoing the
appropriate licensing for the forthcoming Health Canada edibles and
cannabis beverages regulations. Outfitted with unique tanks
designed for craft quality cold brew coffee and tea, AgraFlora’s
Bottling Facility boasts the most advanced setup of its kind in
Canada
Refined over five years, with research and development
expenditures of $30 million, we will leverage our exclusive rights
to a marquee dispensing cap technology and delivery mechanism to
revolutionize the North American cannabinoid-infused beverage
marketplace. We urge both current and prospective shareholders
alike to witness the instagrammable nature of our proprietary Twist
& Release Dose Cap, by viewing the following viral delivery
design video available at
https://agraflora.com/brands/health-cap-holdings/.
AgraFlora plans to offer thoughtfully curated beverage blends to
enhance human performance with three core formulations: energy,
relax and recover. Through prototyping initiatives, we have
successfully paired the Twist & Release Dose Cap with
market-tested formulations to develop drinks that are expected to
champion innovation within the cannabinoid-infused beverage
industry.”
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 Service Canada and its
large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The
Company 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) 682-2928
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.
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