Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Indiva Announces Expansion Approval from Well being Canada Newly-licensed space doubles flower capacity and gives rooms for Indiva to approach edibles LONDON, Ontario – October 21, 2019: Indiva Restricted (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce that Well being Canada has authorized its licence amendment, adding 10,000 square feet of production space, which includes 3 new develop rooms and two extra processing rooms. This extra square footage will, topic to applicable regulatory approvals, be made use of to manufacture edibles, enhance Indiva’s flower production capacity, and allow new development in the production, manufacturing, processing and refinement arms of the company. “We are excited to open up these 5 extra rooms. This new space considerably increases Indiva’s income prospective by adding much more capacity to our production, processing and refinement operations,” Niel Marotta, Indiva’s President and Chief Executive Officer, mentioned. “The approval of this licence amendment powers the subsequent step in our journey infusing our cannabis into gourmet chocolate as effectively as other derivative merchandise. We stand committed to following Well being Canada’s regulations and are proud to get clearance to continue forward with our tactic to meet the expectations of our provide agreements with provincial wholesalers. We appear forward to bringing our exceptional cannabis and cannabis-infused merchandise to much more Canadians.” Indiva intends to start populating its 3 new flower rooms instantly. The cannabis grown in this space is anticipated to be turned into flower, pre-rolls, oil and distillate. The two newly-licensed processing rooms are anticipated to be devoted to Indiva’s pre-roll production and chocolate manufacturing operation. Indiva is also pleased to announce plans to submit its proof package to Well being Canada for the final phase of its London, Ontario facility by the finish of October. After licensed, this will deliver an extra 10,000 square feet of processing space.   About Indiva Indiva’s international loved ones of cannabis brands set the typical for top quality and innovation. Indiva aims to bring its exceptional portfolio of merchandise to Canadians and cannabis enthusiasts about the planet as laws permit. Indiva’s production facility, primarily based in London, Ontario, involves aeroponic, environmentally-conscious develop rooms and a practically completed extraction and manufacturing space, which will be in a position to approach 70 tonnes of biomass annually and create protected, higher-top quality cannabis-infused edibles. In Canada, Indiva will create and distribute Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt and Ruby® Gems, as effectively as the award-winning Bhang® Chocolate, and other derivative merchandise by means of licence agreements and joint ventures. Click right here to connect with Indiva on social media and right here to come across much more info on the Corporation and its merchandise. Media Speak to Kate Abernathy Vice President of Communications Telephone: 613-296-5764 E mail: [email protected] Investor Speak to Steve Low Investor Relations Telephone: 647-620-5101 E mail: [email protected]   Disclaimer and Reader Advisory Neither the TSX Venture Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts duty for the adequacy or accuracy of this release or has in any way authorized or disapproved of the contents of this press release. Particular statements contained in this press release constitute forward-seeking info. These statements relate to future events or future overall performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and equivalent expressions and statements relating to matters that are not historical information are intended to determine forward-seeking info and are primarily based on the parties’ existing belief or assumptions as to the outcome and timing of such future events. Actual future final results could differ materially. In certain, this release consists of forward-seeking info relating to the Corporation’s future operations, future item offerings and entry into extra markets, modifications to laws and regulations in Canada and internationally, compliance with applicable regulations, compliance with the terms of the Facility, the Corporation’s capacity to draw on the Facility, and the anticipated use of proceeds of the Facility. Many assumptions or variables are usually applied in drawing conclusions or generating the forecasts or projections set out in forward-seeking info. These assumptions and variables are primarily based on info presently readily available to the parties. The material variables and assumptions contain the parties becoming in a position to get the important regulatory and other third parties’ approvals and licensing and other dangers linked with regulated entities in the cannabis business. The forward-seeking info contained in this release is produced as of the date hereof and the parties are not obligated to update or revise any forward-seeking info, whether or not as a outcome of new info, future events or otherwise, except as expected by applicable securities laws. Mainly because of the dangers, uncertainties and assumptions contained herein, investors should really not spot undue reliance on forward seeking info. The foregoing statements expressly qualify any forward-seeking info contained herein. This press release does not constitute an provide to sell or a solicitation of an provide to purchase any of the securities in the United States. The securities have not been and will not be registered below the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and could not be supplied or sold inside the United States or to U.S. Persons unless registered below the U.S. Securities Act and applicable state securities laws or an exemption from such registration is readily available. Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Any failure to comply with this restriction could constitute a violation of U.S. Securities laws.
The post Press Release – Indiva Announces Expansion Approval from Well being Canada appeared 1st on INDIVA.