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Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 205,087,272
Close 2020-10-09 C$ 0.19
Recent Sedar Documents

Emerald Health receives standard processing licence

2020-10-13 08:52 ET - News Release

Mr. Riaz Bandali reports

EMERALD HEALTH THERAPEUTICS RECEIVES STANDARD PROCESSING LICENSE FOR RICHMOND, BC GREENHOUSE FACILITY

Emerald Health Therapeutics Inc. has received a newly issued standard processing licence from Health Canada for its 78,000-square-foot organic-certified greenhouse facility in Richmond, B.C.

The processing licence expands on the site's existing cultivation licence to grow and produce bulk dried cannabis to now also permit the processing of consumer-ready dried product formats in its purpose-built cannabis production facility. It also provides the opportunity to manufacture and package products derived from cannabis, including concentrates and other products that advance through its new product development efforts.

The additional licence provides an opportunity to improve cost-efficiencies related to manufacturing and distributing dried formats, as well as to increase the company's just-in-time manufacturing efficiency so consumers can experience the highest-quality and freshest cannabis possible.

"With our primary focus going forward being on utilizing science-based innovation to develop unique, high-margin products for our customer base, this new licence adds to the flexibility and opportunity we have to enhance and/or streamline various manufacturing activities in our own facilities to capture additional margin and cost-efficiencies," said Riaz Bandali, president and chief executive officer of Emerald.

About Emerald Health Therapeutics Inc.

Emerald is committed to creating new consumer experiences with distinct recreational, medical and wellness-oriented cannabis and non-cannabis products, with an emphasis on life-science-based innovation and production excellence. Emerald's operating assets are designed to uniquely serve the Canadian marketplace and targeted international opportunities.

We seek Safe Harbor.

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