MONTREAL, Sept. 30,
2022 /CNW Telbec/ - Cannara Biotech Inc.
("Cannara" or the "Company") (TSXV: LOVE) (OTCQB:
LOVFF) (FRA: 8CB), a Quebec-based, vertically integrated producer
of premium-grade cannabis and derivative product offerings at
affordable prices, announced today that it will be releasing 14 new
SKU's of its premium-grade cannabis in Ontario and Quebec under the Company's flagship brands,
Tribal, Nugz, and Orchid CBD brands.
|
Brand
|
Product
Name
|
Category
|
Market
|
|
Tribal
|
Cuban Linx
|
5 x 0.6 gram
prerolls
|
Ontario
|
|
Tribal
|
Cuban Linx
|
1 gram live resin full
spectrum extract
|
Ontario
|
|
Tribal
|
Galactic
Rntz
|
3.5 gram dried
flower
|
Quebec,
Ontario
|
|
Tribal
|
Galactic
Rntz
|
5 x 0.6 gram
prerolls
|
Quebec,
Ontario
|
|
Tribal
|
Triple
Burger
|
3.5 gram dried
flower
|
Quebec
|
|
Tribal
|
Triple
Burger
|
5 x 0.6 gram
prerolls
|
Quebec
|
|
Tribal
|
Uni Pro ARK
|
Vape
Battery
|
Ontario
|
|
Nugz
|
Slapz
|
3.5 gram dried
flower
|
Ontario
|
|
Nugz
|
Smalls
|
14 gram dried
flower
|
Ontario
|
|
Nugz
|
Strain
Hunter
|
15 gram dried
flower
|
Quebec
|
|
Orchid CBD
|
THC I CBD
30:15
|
Oils
|
Quebec
|
|
Orchid CBD
|
THC I CBD
15:30
|
Oils
|
Quebec
|
|
Orchid CBD
|
CBD 750
|
Oils
|
Quebec
|
|
Orchid CBD
|
CBD 2500
|
Oils
|
Quebec
|
"On behalf of the management team, we are excited to bring these
14 new products to our loyal customers as we continue to execute on
our mission to provide high-demand premium cannabis products at
affordable prices" stated Zohar Krivorot, President & CEO of
Cannara Inc. "Our growth across Ontario and Quebec is a testament to the hard work of our
staff and our purpose-built facilities designed to grow and process
premium cannabis at scale. The demand for our products continues to
increase and we look forward to bringing even more options to
market as we ramp up our operations" concluded Mr.
Krivorot.
Nicholas Sosiak, CFO of Cannara
commented that "our house of brands continue to satisfy our
consumers with consistent premium offerings at a value proposition
rarely seen in today's market. We continue to build up on our
foundation of genetics and commitment to quality with today's
announcement." concluded Mr. Sosiak.
Also announced today, is that the Board of Directors has
approved the grant of incentive stock options for certain
Directors, Officers, and Employees of the Corporation, pursuant to
the Corporation's Employee Stock Option Plan for the purchase of
7,500,000 shares at an exercise price of $0.10, and an aggregate total of 14,125,000 stock
options at an exercise price of $0.18
subject to the vesting provisions of the options, at any time up to
and including September 29, 2027.
About Cannara Biotech
Inc.
Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB)
is a vertically integrated producer of premium-grade cannabis and
cannabis-derivative products for the Québec and Canadian markets.
Cannara owns two mega facilities based in Québec spanning over
1,650,000 sq. ft., providing the Company with 125,000kg of
potential annualized cultivation output. Leveraging Québec's low
electricity costs, Cannara's facilities produce premium-grade
cannabis products at an affordable price. For more information,
please visit cannara.ca.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE Cannara Biotech Inc.