Dr. Avtar Dhillon reports
EMERALD HEALTH THERAPEUTICS CONTINUES TO GROW SALES WITH FIRST CANNABIS SHIPMENT TO ONTARIO CANNABIS RETAIL CORPORATION
Emerald Health Therapeutics Inc. has fulfilled its first purchase order of cannabis from Ontario Cannabis Retail Corp., operating as the Ontario Cannabis Store (OCS).
"As we scale up production in our wholly owned, premium indoor growing facility, Verdelite, and our large-scale, state-of-the-art joint venture greenhouse operation, Pure Sunfarms, we are consistently meeting our supply commitments of Emerald-branded adult-use cannabis in British Columbia and Newfoundland and Labrador, and we are now prepared to provide the same service to the Ontario Cannabis Retail Corp. and other provinces," said Dr. Avtar Dhillon, president and executive chairman of Emerald. "We now have distribution access to over half of the Canadian population of adult users of non-medical cannabis. We are advancing prospective supply agreements that we expect will ultimately give us nationwide market exposure."
Currently, Emerald's cannabis supply is provided primarily through its 88,000-square-foot Verdelite indoor facility in Saint Eustache, Que., and through Pure Sunfarms, its 50-per-cent-owned 1.1 million square ft greenhouse facility in Delta, B.C. It is working to expand sources and volume of indoor, greenhouse and outdoor-grown cannabis and cannabinoid products. In 2018, Emerald acquired 500 acres of harvested hemp and expects to purchase approximately 1,000 acres of harvested hemp in 2019. It is implementing steps intended to achieve large-scale extraction and softgel encapsulation of cannabis products.
Emerald-branded products are expected to be available through the OCS next week.
About Emerald Health Therapeutics Inc.
Emerald Health Therapeutics is a Canadian licensed producer of cannabis.
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