NAPANEE, ON, Dec. 20, 2019 /CNW/ - VIVO Cannabis Inc.
(TSX-V: VIVO, OTCQX: VVCIF) ("VIVO" or the
"Company") today officially revealed its new Cannabis 2.0.
products set to come to market in the coming months across
Canada. VIVO will focus on the vape, chocolates and
concentrates categories leveraging VIVO's premium adult-use
cannabis brands including Canna Farms™ and Fireside™.
"VIVO is committed to changing the way people view cannabis and
to enhancing lives. I'm delighted with our Cannabis 2.0.
offering. The range is robust and stretches across multiple
new legal categories including vapes, chocolates, and concentrates
that include kief, rosin, bubble hash, wax and shatter.
Coupled with our commitment to quality and consistency in supply,
I'm confident that our range of products will help to play a role
in decreasing the size of the illicit footprint," said VIVO's CEO,
Barry Fishman.
The range of new products includes Canna Farms™ BC Kief, Canna
Farms™ BC Bubble Hash, Canna Farms™ BC Live Rosin, and Canna Farms™
BC Hash Rosin. "Our offering for traditional concentrates
meets the demand for solvent free products that keep terpenes &
flavour intact," said Dan LaFlamme,
President, Canna Farms Ltd.
Additionally, VIVO has partnered with a world class and
award-winning Belgian chocolatier, Chocolatas, and together have
created Fireside™ Edibles – Chocolates. "It is always a sweet
day at Chocolatas and today it is especially exciting to launch our
Fireside™ chocolates. The assortment includes five
presentations including salted caramel, mint, milk and dark
chocolate caramel and milk and dark chocolate solid," said
Veve Knaepen, Co-Founder,
Chocolatas.
In addition, VIVO is set to launch Fireside™ vape kits and
cartridges plus the new Fireside X™ sub-brand. Fireside X™
will be used for the Company's wax and shatter products.
VIVO continually reviews and tests all inputs to ensure the
highest quality standards are met for all of its products. "VIVO
recognizes the recent news and announcements about delaying the
launch of vape products by certain provinces. VIVO is
committed to working towards meeting the highest standards possible
for our consumers – our consumer's safety is at the heart of
everything we do", said Barry
Fishman, CEO, VIVO Cannabis Inc. "Our ten-point
quality control testing and assurance program process for vaped
products helps to ensure that all of our hardware and raw
materials are sourced from licensed, regulated, trusted and
well-established suppliers. Our finished products are checked
for potency, pesticides, heavy metals, molds, and other foreign
contaminants. Our vape cartridges contain ONLY natural cannabis
extract, and cannabis derived terpenes. Importantly, our vape oils
do not contain Tocopheryl-acetate, are free from pesticides
and contain no propylene glycol, vegetable glycerin or medium-chain
triglycerides (MCT) oil," said Mr. Fishman.
VIVO looks forward to introducing Canadian consumers to these
exciting new products.
Disclaimer for Forward-Looking Information
All dollar amounts in this news release are in Canadian dollars.
Certain statements in this news release are forward-looking
statements, which are statements that are not purely historical,
including statements regarding the beliefs, plans, expectations or
intentions of VIVO and its management regarding the future.
Forward-looking statements in this news release include statements
regarding: the expected market availability date of the Company's
Cannabis 2.0 product portfolio; the Company's expectations
regarding the new cannabis products, including public perception or
production capabilities; the Company's expected focus on the
chocolates, vape and concentrates categories; the expected brand
which the Company's new products including kief, bubble hash, Live
Rosin and Hash Rosin will be sold under; the expected variety of
products that the Company will offer; the expected brand which the
Company's premium chocolate edibles will be sold under; the
expected launch of Fireside™ vape kits and cartridges; the expected
release of a sub-brand for Fireside™ called Fireside X™; and the
expected timing and outcome of regulatory approvals, both
domestically and internationally. Such statements are subject to
risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the
forward-looking statements, including: the Company's Cannabis 2.0
product portfolio may not be available in the market immediately;
that the Company's new products may not meet expectations relating
to public perception or production capabilities; that the Company
may not focus on the chocolates, vape and concentrates categories;
that the Company's new products including kief, bubble hash, Live
Rosin and Hash Rosin may not be sold under the Canna Farms™ brand;
that the Company's premium chocolate edibles may not be sold under
the Fireside™ brand; that the Company may not have the variety of
brands listed in this news release; that the Company may not launch
the Fireside™ vape kits and cartridges; that the Company may not
release a sub-brand for Fireside™ called Fireside X™; that the
Company may not receive requisite regulatory approvals, or may not
receive such approvals in accordance with the expected timeline;
and other factors beyond the Company's control. No assurance can be
given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. Readers are urged to consider these
factors, and the more extensive risk factors included in the
Company's annual information form for the year ended December 31, 2018, which is available on SEDAR,
carefully in evaluating the forward-looking statements contained in
this news release, and are cautioned not to place undue reliance on
such forward-looking statements, which are qualified in their
entirety by these cautionary statements. The forward-looking
statements in this news release are made as of the date hereof and
the Company disclaims any intent or obligation to update publicly
any such forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
About VIVO Cannabis™
VIVO, based in Napanee,
Ontario, is recognized for trusted, high-quality products
and services. It holds production and sales licences from Health
Canada and operates world-class indoor cultivation facilities with
proprietary plant-growing technology. VIVO has a collection of
premium brands targeting unique customer segments, including Beacon
Medical™, FIRESIDE™, Canna Farms™ and Lumina™. In August 2018, VIVO acquired Canna Farms, a premium
cannabis company based in Hope, British
Columbia. Canna Farms was B.C.'s first Licensed Producer and
has several years of craft cultivation experience and expertise, as
well as a significant patient base and positive cash flow. The
Company is significantly expanding its production capacity and
pursuing partnership and product development opportunities
domestically, as well as in select international markets, including
Germany and Australia. VIVO also operates Harvest
Medicine, a patient-centric and highly scalable network of
specialty medical cannabis clinics as well as a free telemedicine
service. VIVO has a healthy balance sheet and is well-positioned to
accelerate its growth in Canada
and internationally.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE VIVO Cannabis Inc.