AgraFlora Organics Receives Analytical Equipment for its Winnipeg Edibles Manufacturing Facility
November 25 2020 - 8:30AM
AgraFlora Organics International
Inc. (“
AgraFlora” or the
“
Company”)
(
CSE: AGRA
) (Frankfurt:
PU31
) (OTCPK: AGFAF) is pleased to announce that
it has acquired High Performance Liquid Chromatography
(“
HPLC”) equipment for AgraFlora’s
51,000-Square-foot fully-automated edibles manufacturing facility
in Winnipeg, Manitoba (the “
Edibles Facility”).
The addition of an Agilent HPLC driven
analytical testing platform at the Edibles Facility will allow
AgraFlora to rapidly develop and launch new edibles products which
have been formulated from the Company’s previously announced (See
press release dated August 27, 2020) Research and Development
(“R&D”) trials through the Company’s Health
Canada R&D license.
James Fletcher, EIC Co-Founder and Operational
Manager stated, "Implementing this suite of HPLC analytical
equipment into our production strategy will reduce our 3rd party
product testing costs, while improving product safety and quality
by allowing us to continuously monitor edible production to ensure
quality standards are being met. This should also greatly improve
our speed to market with unique SKU’s and allow us to offer some of
the most price competitive products in the market.”
The Agilent analytical platform will also allow
for the Edibles Facility to expand its in-house capability to
support future cannabis oil extraction. AgraFlora remains confident
that the Company will receive Standard Processing License from
Health Canada in Q4 of 2020.
The Company acquired the HPLC equipment in
consideration for the issuance of 10,000,000 common shares in the
capital of the Company at a deemed value of $0.03 per share.
About AgraFlora Organics International
Inc.
AgraFlora Organics International Inc. is a
leading cannabis company building shareholder value through the
development of revenue generating operating assets in the global
cannabis industry. AgraFlora is focused primarily on the Canadian
cannabis industry; the world’s most advanced and regulated legal
cannabis market. Flagship Canadian assets include: Edibles &
Infusions, a fully automated manufacturing facility in Winnipeg, MB
for white-label and consumer branded edible production; Propagation
Services Canada, a large-scale commercial greenhouse in Delta, BC
focused on reshaping the Canadian flower market with high-potency,
low cost cannabis flower, and AAA Heidelberg, a craft focused
cannabis producer in London, ON. In addition, AgraFlora’s wholly
owned subsidiary Farmako GmbH is scaling towards its goal of being
Europe’s leading distributor of medical cannabis. Farmako currently
has active distribution operations in Germany and expects to
commence active operations in the United Kingdom in 2020. For more
information please visit: https://agraflora.com/.
About Edibles and
Infusions Corporation
Edibles and Infusions Corporation is a joint
venture formed between AgraFlora and one of North America’s leading
confectionary manufacturing families. The Joint Venture partner is
one of Canada’s oldest confectionary companies with over 100 years
of active operations, and currently supplies confectionary and
candy to over 20,000 locations throughout North America. Edibles
and Infusions is constructing a purpose built, highly automated
facility located in Winnipeg, MB. The facility employs
state-of-the-art manufacturing equipment to produce
pharmaceutical-grade quality cannabis edibles with a precise level
of consistency for improved dosing accuracy, consistent consumer
experiences and increased consumer safety. Edibles and Infusions is
one of a small group of Canadian companies to successfully obtain a
Research and Development License from Health Canada for edibles
formulation testing and expects to commence fully-licensed
manufacturing operations in 2020.
ON BEHALF OF THE BOARD OF DIRECTORSBrandon
BoddyChairman & CEOT: (604) 398-3147
For
additional information: |
For
French inquiries: |
|
|
AgraFlora Organics International Inc. |
Maricom Inc. |
Nicholas Konkin |
Remy Scalabrini |
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
StatementExcept 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.
Agra Ventures (CSE:AGRA)
Historical Stock Chart
From Nov 2024 to Dec 2024
Agra Ventures (CSE:AGRA)
Historical Stock Chart
From Dec 2023 to Dec 2024