TORONTO, Feb. 11, 2019 /CNW/ - Pure Global Cannabis
Inc. (TSX.V:PURE; OTC: PRCNF; FRA:1QS) (the "Pure Global")
an integrated, growth-oriented life sciences and consumer products
cannabis company, operating through its wholly-owned subsidiary
PureSinse Inc. ("PureSinse" or "Company"), and Emerald Plants
Health Source (OCTQB: STNN: EPHS Holdings Inc.)
("EPHS") are pleased to announce that the companies
have entered into a memorandum of understanding ("MOU")
through which the parties shall seek to enter into a cannabis
wholesale supply agreement ("Supply Agreement") whereby
PureSinse will purchase 1,000 kg of dried flower from EPHS. The
total quantity will be shipped periodically throughout a 12-month
period commencing on or about July
2019, as product becomes available.
Since obtaining its sales license last month PureSinse has been
focused on securing high quality, differentiated inputs. The Supply
Agreement will allow the Company to expand its product offerings to
medical patients, support product demands from Spark Cannabis
Clinic, and diversify its consumer channel strategy with adult use
products. Further details will be provided upon the parties
entering into a definitive supply agreement. There can be no
assurance that a definitive supply agreement will be executed.
EPHS is located in downtown Montreal. By focusing on the development of
unique genetics, a distinct cultivation methodology and a
commitment to quality, EPHS intends to establish itself as a
premium 'craft' producer.
"We are continuously looking for ways to get the highest quality
products for distribution to our clinics, patients, and our online
customers. This collaborative, forward-looking arrangement between
PureSinse and EPHS meets a shared goal and vision; to deliver
outstanding cannabis products to the sector" says Malay Panchal,
President and CEO of Pure Global. "With their decades growing
experience coupled with meeting Health Canada requirements, we
anticipate that EPHS' production method will produce wholesale
supply that meets our quality policy."
PureSinse has been recording revenues from its online sales that
will be reported in its first-quarter earnings. The Company will
continue to seek to secure supply in order to meet the anticipated
demands of its customers in advance of Q3 2019, which is when sales
from its Company's Brampton
facility are expected to commence.
"We are thrilled to be supplying PureSinse with our 'Craft Grown
with Care' cannabis from our downtown Montreal facility. The firming of this
relationship is a testament to our cultivation process, and the
team behind it," says Steven Perry,
President of EPHS. "The team at Pure Global aligns with our mission
and vision to provide the medical and adult-use markets with the
highest quality craft dried flower possible."
About Pure Global Cannabis
Pure Global Cannabis Inc. (TSX.V:PURE; OTC:PRCNF;
FRA:1QS) is an innovation-based cannabis company led by experienced
pharma, biotechnology, horticultural, and consumer packaged goods
(CPG) experts. The company's wholly owned subsidiary, PureSinse
Inc., is a licensed producer under the Cannabis Act. The
company's Brampton campus houses
facilities for vertically farmed cultivation, R&D, extraction,
manufacturing, and distribution. Pure Global will produce branded
and white-labeled cannabis products for the medical,
pharmaceutical, wellness, health & beauty, natural health, food
& beverage, craft, and recreational legal markets with uniquely
formulated and purified concentrates and dried flower. The company
is using the Canadian market as a springboard to develop and
manufacture GMP-compliant premium quality cannabis products for
international sale and distribution with a goal to become one of
the most trusted premium international cannabis brands.
To register to Pure Global's mailing list, please
visit www.pureglobal.com. Follow @pureglobalcanna
on Twitter and Facebook and @pureglobalcannabis
on Instagram.
About Emerald Plants Health Source
EPHS Holdings Inc. is a Montreal based wellness-focused company and
licensed producer of connoisseur-quality craft grown cannabis,
pursuant to the Cannabis Regulations under the Cannabis Act
(Canada). With over 25 years
of cannabis cultivation experience combined with 25 years of power
management experience the team at EPHS will seek to provide the
Canadian and global cannabis markets with craft cannabis at the
lowest possible cost. EPHS is committed to fostering LP
relationships along with purchasing, licensing, and/or developing
authentic brands to support its craft quality cultivation outputs
(flower, oil, and when the Canadian laws allow for edibles and vape
products).
For further information regarding EPHS, please
contact:
info@ephsholdings.com, 1-516-754-7604
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements,
including, but not limited to, statements about Pure Global's
future plans and intentions. Wherever possible, words such as
"may", "will", "should", "could", "expect", "plan", "intend",
"anticipate", "believe", "estimate", "predict" or "potential" or
the negative or other variations of these words, or similar words
or phrases, have been used to identify these forward-looking
statements. These statements reflect management's current beliefs
and are based on information currently available to management as
at the date hereof.
Forward-looking statements involve significant risk,
uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
These factors should be considered carefully, and readers should
not place undue reliance on the forward-looking statements.
Although the forward-looking statements contained in this news
release are based upon what management believes to be reasonable
assumptions, Pure Global cannot assure readers that actual results
will be consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this news
release, and Pure Global assumes no obligation to update or revise
them to reflect new events or circumstances, except as required by
law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
To register to Pure Global's mailing list, please visit
www.pureglobal.com. Follow @pureglobalcanna on Twitter and Facebook
and @pureglobalcannabis on Instagram.
SOURCE Pure Global Cannabis Inc.
