21:54:34 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 141,698,114
Close 2019-01-29 C$ 3.45
Market Cap C$ 488,858,493
Recent Sedar Documents

Emerald Health's Verdelite settles with Pivot

2019-01-30 07:18 ET - News Release

Mr. Rob Hill reports

EMERALD HEALTH THERAPEUTICS ANNOUNCES DISCHARGE OF LITIGATION

Emerald Health Therapeutics Inc.'s wholly owned subsidiary, Verdelite Sciences Inc., which operates a 75,000-square-foot indoor cannabis cultivation facility in St.-Eustache, Que., has entered into a release, discharge and transaction agreement settling all claims made by Pivot Pharmaceuticals Inc. against Verdelite and its former shareholders, as described in Emerald's most recent management's discussion and analysis. The claims relate to a non-binding letter of intent which Verdelite and its former shareholders had previously entered into with Pivot with respect to a potential sale of Verdelite.

Pursuant to the settlement, all claims against Verdelite have been discharged without Verdelite making any payment or providing any compensation to Pivot.

About Emerald Health Therapeutics Inc.

Emerald Health Therapeutics is a Canadian licensed producer of cannabis. Its 50-per-cent-owned Pure Sunfarms joint venture in British Columbia is completing the conversion of its 1.1 million square feet (25 acre) greenhouse for cannabis cultivation in the Lower Mainland and its Verdelite operation in Quebec is completing the buildout of its 75,000-square-foot indoor cultivation facility. Commercial production is expanding in both facilities. In addition, Emerald secured over 500 acres of hemp harvest in 2018 and has contracted for approximately 1,000 acres in 2019 to 2022, with the objective of extracting low-cost cannabidiol.

We seek Safe Harbor.

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