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Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 148,846,744
Close 2019-07-03 C$ 2.38
Market Cap C$ 354,255,251
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Emerald Health applauds Ontario's retail pot expansion

2019-07-03 10:40 ET - News Release

Mr. Rob Hill reports

EMERALD HEALTH THERAPEUTICS COMMENDS GOVERNMENT OF ONTARIO FOR EXPANDING RETAIL CANNABIS STORE LICENCES IN CANADA'S LARGEST PROVINCE

Emerald Health Therapeutics Inc. commends the government of Ontario for its newly announced plans to expand the province's brick-and-mortar retail sales network for adult-use cannabis. Emerald believes that this initiative will position the industry and the company for significant sales growth in Canada's largest province.

"After the first 25 stores began to open in Ontario, the industry saw overall sales of cannabis basically double," said Dr. Avtar Dhillon, executive chairman and president of Emerald. "Adult-use consumers are showing a preference for going into a physical location where they can interact with educated, savvy budtenders and we anticipate that the further expansion of physical stores in Ontario and Canada will strongly serve the growth of legal cannabis sales."

In conjunction with Ontario's retail expansion and in response to the Ontario Cannabis Store's most recent product call, Emerald has submitted its high-tetrahydrocannabinol Island Honey, Critical Kali Mist and White Rhino premium strains of dried flower as well as its whole-flower high-cannabidiol Sync 25 oil. These Emerald products would further diversify Ontario shoppers' available product choices.

"I am proud of the new strains and oils we're planning to offer in Ontario," said Traviss Graham, vice-president, production and Emerald's master grower. "We have put a lot of time, effort and care into making sure that these differentiated new strains and oils will stand out in the marketplace as some of the very best available."

In Quebec, Prince Edward Island, Alberta, Nova Scotia and New Brunswick, the majority of cannabis sales are primarily through retail stores as opposed to on-line sales. Currently there are approximately 300 legal cannabis stores in Canada. According to AltaCorp, based on analysis from Colorado, Ontario would require an additional 1,400 physical stores and the rest of Canada would need to add 2,000 legal locations in order to meet market demand.

About Emerald Health Therapeutics Inc.

Emerald Health is a Canadian licensed producer of cannabis. Its 50-per-cent-owned Pure Sunfarms joint venture in British Columbia is licensed and fully planted in the first of its two 1.1-million-square-foot greenhouses. The capacity of each greenhouse is estimated to exceed 75,000 kilograms of cannabis annually. Emerald's Verdelite operation in Saint-Eustache, Que., is completing the buildout of its 88,000-square-foot indoor cultivation facility and is scaling up production.

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