REPEAT – AgraFlora Organics Provides Licensing Guidance and Construction Update Regarding 51,500 Sq./Ft. GMP Edibles Manuf...
September 12 2019 - 7:00AM
AgraFlora Organics International Inc.
(“
AgraFlora” or the “
Company”)
(
CSE: AGRA) (
Frankfurt:
PU31) (
OTCPK: AGFAF), a growth oriented
and diversified international cannabis company, is pleased announce
that the Company’s 51,500 square foot GMP edibles manufacturing
facility (the “Facility”) in Winnipeg, Manitoba has received all
required architecture and ancillary construction permits and
continues to adhere to its projected Q4 2019 completion date for
applicable Facility upgrades, including architectural, mechanical,
electrical, as well as security retrofits, per Health Canada
regulations.
AgraFlora reports there are currently over 40
contractors and skilled trades personnel on-site, concurrently
performing the following Facility retrofits:
- Modernization of water service infrastructure;
- Fire suppression system installation;
- Improvements to the Facility’s structural integrity;
- Installation of two rooftop HVAC units;
- Upgrading of electrical service infrastructure, including
transformers and surge protection systems;
- Completion of a 750 square-feet pharmaceutical-grade, research
and development (“R&D”) laboratory including the installation
of state-of-the-art equipment for the weighing, handling and
processing micro-dosages of CBD and THC compounds, including
magnetic mixers, homogenizers and high-pressure liquid
chromatograph (“HPLC”);
- Installation of pharmaceutical grade building envelope
including epoxy floors, as well as food grade insulated metal
panels for walls and ceiling;
- Installation of floor drains throughout the 33,000 square foot
production area;
- Retrofitting of the Facility’s on-site high-pressure boiler
room; and
- Upgrading office and staff facilities.
The Company has submitted its application to Health
Canada for an R&D license and anticipates successful award
within the next 60 days. Equipment for AgraFlora’s
pharmaceutical-grade, R&D laboratory has been shipped from
the manufacturer and is expected to arrive at the Facility within
the next 30 days. Receipt of full spectrum cannabinoid concentrates
is expected post licensing to assist with product development and
ancillary R&D activities.
AgraFlora is also pleased to announce the following
operating updates relating to its flagship edibles manufacturing
facility:
- All applicable cooking, depositing, packaging and lab equipment
has been spec’d and ordered;- Once completed, the
Facility will be turnkey in nature and boast complete automation,
from the time inputs arrive in tankers to the time finished
products are shipped;
- Product and packaging has been designed with capability to
package child resistant re-closable bags, bottles, droppers and
tubes;
- Security system designed and ordered for install in the next 90
days; and
- Anticipated license application and submission of its
affirmation of readiness and video evidence package to Health
Canada by December 2019.
Brandon Boddy, Chairman and Chief Executive Officer
of AgraFlora stated: “With two material licensing awards expected
imminently: the standard cultivation license at our 2.2m square
foot Delta Greenhouse Complex and the R&D license at our
Winnipeg edibles manufacturing facility, as well as two imminent
license submissions: a Standard Processing License and Medical
Cannabis Sales License, also at our Winnipeg edibles facility, our
ability to capture material revenues from upstream cultivation to
downstream product formulation, manufacturing, extraction and
end-retail distribution are becoming readily apparent.
The experienced operators at our state-of-the-art
Winnipeg edibles manufacturing facility continue to execute on the
on-going Facility retrofit and licensing objectives and are
expected to submit applications to Health Canada for standard
processing and sales licenses on October 17, 2019. We are of the
opinion that once complete, our Winnipeg edibles manufacturing
facility will be the most technologically advanced plant of its
kind, in the world.
Once operational, and in receipt of all necessary
tertiary licences as required from a regulatory perspective, the
true value of the Delta Greenhouse Complex will be crystallized by
its ability to serve as a robust feedstock source for the myriad of
downstream value-added assets, including our flagship edibles
facility domiciled under the AgraFlora corporate banner. The
successful implementation of full vertical integration will support
increased efficiency across business channels and allow for maximum
economic margin capture for the enterprise, as AgraFlora moves into
the next phase of cannabis normalization”.
The Facility will be operated by a roster of
experienced chocolatiers and confectioners, as well as equipped
with state-of-the-art manufacturing equipment capable of producing
an assortment of both cannabinoid/terpene-infused products for
medicinal, functional and adult use including:
- Gourmet snacks including cannabis infused honey, maple syrup,
sugar & fruit and vegetable puree-based snacks;
- Gummies, hard candy, toffee, caramel, gum;
- Baked goods;
- Flavoured tinctures;
- Powdered drinks;
- CBD-infused pet products.
The Company anticipates the facility will be fully
operational by the first quarter of 2020. Existing downstream
capabilities will be buoyed by one of Canada's leading sales
forces, affording AgraFlora the ability to secure immediate shelf
space across all major retail channels.
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)
398-3147
For additional information:
AgraFlora Organics International Inc. |
For French
inquiries: |
Tim McNulty |
Remy Scalabrini, Maricom Inc. |
E: ir@agraflora.com |
E: rs@maricom.ca |
T: (800) 783-6056 |
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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