Dr. Avtar Dhillon reports
EMERALD HEALTH THERAPEUTICS SIGNS LETTER OF INTENT TO SUPPLY CANNABIS TO QUEBEC MARKET
Emerald Health Therapeutics Inc. has signed a letter of intent to supply cannabis to the Societe Quebecoise du Cannabis (SQDC), Quebec's sole legal distributor of recreational cannabis. Under the agreement, Emerald will supply cannabis to the SQDC from its Quebec-based Saint-Eustache facility, Verdelite, as well as from its 50-per-cent-owned joint venture, Pure Sunfarms, in Delta, B.C. Emerald will fulfill its first supply order in the second quarter of 2019.
"Quebec's population of 8.4 million is a sizable market and we are pleased to be able to offer locally grown, quality cannabis products to the adult-use consumers throughout the province," said Dr. Avtar Dhillon, president and executive chairman of Emerald. "Verdelite is now near completion of the buildout of its 88,000-square-foot indoor cultivation facility and has been scaling up production in licensed areas of the operation. We expect to be in full production and to also have nationwide distribution for the recreational market in the months ahead."
Emerald is currently delivering cannabis in Ontario, British Columbia, Yukon, and Newfoundland and Labrador, and has a signed sales agreement with Alberta Gaming, Liquor and Cannabis (AGLC), and is registered by the Saskatchewan Liquor and Gaming Authority (SLGA) to supply cannabis.
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 licensed to cultivate cannabis in 1.03 million square feet of its first 1.1-million-square-foot greenhouse, the capacity of which is estimated to exceed 75,000 kilograms of cannabis annually. This facility has been scaling up production over the last four quarters and is expected to be fully planted in April, 2019. Emerald's Verdelite operation in Quebec is completing the buildout of its 88,000-square-foot indoor cultivation facility and scaling up its high-quality production.
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