True Leaf Secures Three Licenses from Health Canada to Cultivate, Process and Sell Medical Cannabis
25 November 2019 - 11:00PM
True Leaf Cannabis Inc., a subsidiary of True Leaf Brands Inc.
(“True Leaf” or the “Company”) (CSE: MJ) (OTCQX: TRLFF) (FSE: TLA),
is pleased to announce it has secured licenses from Health Canada
to cultivate, process and sell cannabis for medical purposes
pursuant to the Cannabis Act for its 18,000 square foot True Leaf
Campus facility in Lumby, British Columbia.
The license allows True Leaf to begin
cultivating, processing and selling medical cannabis from its
facility immediately and to produce alternative cannabis products
such as edibles, topicals, and capsules. True Leaf Campus sits on a
40-acre site of industrial zoned land wholly owned by True
Leaf.
“Today marks an important milestone for True
Leaf as becoming a licensed producer helps support the continued
development of our therapeutic pet care products,” said Darcy
Bomford, Founder and Chief Executive Officer of True Leaf. “Our
facility is now licensed and meets EU GMP and HACCP standards. This
is required for the ‘Cannabis 2.0’ market in Canada and also opens
the door to export cannabis to the booming European market.”
During the licensing process, the Company
entered the pet industry with True Leaf Pet, a natural pet care
brand with a suite of hemp- and CBD-based pet products now sold in
3,500 stores across North America, Europe, and Asia.
Bomford added, “With these three licenses now in
place, we intend to pursue a joint venture partner for the True
Leaf Cannabis Inc. division. We believe securing a strategic
partner for True Leaf Campus will create new opportunities to
maximize this facility’s value for our shareholders. At the same
time, we can focus on building our global pet care business while
securing a supply of CBD for future products.”
About True Leaf
True Leaf Cannabis Inc., a subsidiary of True Leaf Brands Inc.,
owns True Leaf Campus, an 18,000 square foot facility located on a
40-acre site zoned for the cultivation, processing, and sale of
cannabis in Lumby, British Columbia.
True Leaf Pet Inc., also a subsidiary of True Leaf Brands Inc.,
is a global pet care company focused on selling plant-based
wellness products that improve the quality of life for companion
animals. The Company is guided by its mission to “Return the Love”
which was inspired by the unconditional love that pets give us
every day.
www.trueleaf.com
Media Contact:
Paul Sullivan Director, Public
RelationsPaul@trueleaf.comO: 604-685-4742M: 604-603-7358
Investor Contact:
Phil Carlson / Scott EcksteinKCSA Strategic
Communicationspcarlson@kcsa.com / seckstein@kcsa.comO: 212-896-1233
/ 212-896-1210
Follow True Leaf Twitter:
@trueleafpet Facebook: True Leaf PetInstagram: @trueleafpet
Forward-Looking Statements
This news release contains forward-looking
statements and management may make additional forward-looking
statements in response to your questions. Such written and oral
disclosures are made pursuant to the Safe Harbor provision of the
Private Securities Litigation Reform Act of 1995 and True Leaf
hereby claims such safe harbour protection for all forward-looking
statements. True Leaf believes that the expectations reflected
in such forward-looking statements are based on reasonable
assumptions; however, True Leaf’s actual results and performance
and the value of its securities could differ materially from those
set forth in the forward-looking statements due to the impact of
many factors summarized in the "Risk Factors" section of True
Leaf’s Offering Circular Form 1-A filed with the U.S. Securities
and Exchange Commission and Canadian securities regulatory
authorities and other discussions of risk factors contained in True
Leaf’s periodic filings or supplements to the offering circular.
True Leaf's Offering Circular Form 1-A can be found at
ir.trueleaf.com. Forward-looking statements speak only as of the
date they are made. True Leaf undertakes no obligation to update or
revise any such information for any reason after the date of this
presentation unless required by law.
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