MINNEAPOLIS, May 31, 2019 /PRNewswire/ -- Manitoba
Harvest, the global leader in hemp foods and its partner ingredient
supplier, Hemp Oil Canada, announces the completion of its safety
assessment and self-affirmation that its Broad Spectrum Hemp
Extract is Generally Recognized as Safe (GRAS). The self-affirmed
GRAS applies to the intended use in products for the general
population age 2 years and older excluding pregnant and lactating
women. Manitoba Harvest unveils its complete line of Broad
Spectrum Hemp Extract products, including: 15-milligram CBD plant
protein powders, 10-milligram CBD oil drops, 5-milligram CBD oil
spray and 15-milligram CBD oil softgel formats.
This announcement follows a historic first for the hemp
industry. Last December, Manitoba Harvest became the first company
within the category to proactively gather and provide the
scientific evidence necessary to affirm the sought-after Food and
Drug Administration designation of GRAS Notified, for its hemp
hearts, hemp seed oil and hemp protein powder.
"It was important we approach the launch of our Broad Spectrum
Hemp Extract line with the same rigor around safety and efficacy
standards that we apply to all our products," said Bill Chiasson, chief executive officer of
Manitoba Harvest. "Consumers and retailers have been telling us
that they want a Broad Spectrum Hemp Extract they can have
confidence in, and we see ourselves as part of their solution,
promoting total wellness through the power of hemp."
The Manitoba Harvest Broad Spectrum Hemp Extract line launching
this June will include Vanilla Protein Powder, Peppermint Oil
Drops, Unflavored Oil Drops, Peppermint Spray and Softgels. All
products are THC free, defined as having less than 0.01% THC, a
differentiator for the brand.
"For us, consumer safety comes first. That's why we went above
and beyond the 2018 Farm Bill guidance to develop an extract that
is THC free to keep consumers safe," said Chiasson. "We worked
with an experienced team of hemp experts, including
Toxicologists, Food Scientists and Chemists to evaluate the safety
and are proud that our Broad Spectrum Hemp Extract product launch
is accompanied by the GRAS safety assessment."
Manitoba Harvest Broad Spectrum Hemp Extract Self-Affirmed GRAS
Status was co-sponsored by Klersun and Robertet.
For more information on Manitoba Harvest, visit
manitobaharvest.com or shop.manitobaharvest.com
About Manitoba Harvest
Founded in 1998, Manitoba Harvest is a pioneer and leader in the
manufacture and distribution of branded, hemp-based foods. The
Company's products are the fastest growing products in the hemp
food market and among the fastest growing in the entire natural
foods industry. The Company's all-natural product portfolio
includes Hemp Hearts, protein powder, Granola and new to the
market, Hemp Yeah! Bars and Broad Spectrum Hemp Extract with CBD,
launching in June 2019. Manitoba
Harvest's products are sold globally across 22 countries, including
approximately 16,000 retail stores across the United States and Canada.
Every decision we make, every action we take, and every
interaction we create is influenced by how it will impact the
community and environment around us. Embracing this mission, we're
proud to be a Certified B Corporation. Manitoba Harvest is the
branded consumer products division of Fresh Hemp Foods. Fresh
Hemp Foods also has an ingredients division doing business as Hemp
Oil Canada, Inc.
Manitoba Harvest is a wholly owned subsidiary of Tilray, Inc.
(TLRY)
Cautionary note regarding forward-looking
statements:
This press release contains
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and "forward looking
information" within the meaning of Canadian securities laws, or
collectively, forward-looking statements. Forward-looking
statements or forward-looking-information in this press release may
be identified by the use of words such as, "may", "would", "could",
"will", "likely", "expect", "anticipate", "believe, "intend",
"plan", "forecast", "project", "estimate", "outlook" and other
similar expressions, including without limitation statements in
respect to the launch of a Broad Spectrum Hemp Extract line of
products. Forward-looking statements are not a guarantee of future
performance and are based upon a number of estimates and
assumptions of management in light of management's experience and
perception of trends, current conditions and expected developments,
as well as other factors that management believes to be relevant
and reasonable in the circumstances, including assumptions in
respect of current and future market conditions, the current and
future regulatory environment and future approvals and permits.
Actual results, performance or achievement could differ materially
from that expressed in, or implied by, any forward-looking
statements in this press release, and, accordingly, you should not
place undue reliance on any such forward-looking statements and
they are not guarantees of future results. Please see the heading
"Risk Factors" in Tilray Inc.'s Quarterly Report on Form 10-Q,
which was filed with the Securities and Exchange Commission and
Canadian securities regulators on May 15,
2019, assumptions, uncertainties and other factors that may
cause actual future results or anticipated events to differ
materially from those expressed or implied in any forward-looking
statements. Neither Tilray or Manitoba Harvest does not undertake
and specifically declines any obligation to update any
forward-looking statements that are included herein, except in
accordance with applicable securities laws.
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SOURCE Manitoba Harvest