VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this morning announced that its wholly-owned subsidiary, ABcann Medicinals Inc., has been granted a Health Canada Standard Cultivation license for its Kimmetts facility, an innovative seasonal greenhouse site in Napanee, Ontario. According to the update, Kimmetts is VIVO’s third licensed production facility, and its Phase 1 planned development includes four positive-pressure airhouse structures with 86,000 square feet of cultivation space. The new site will bring the company’s total internal licensed capacity to over 12,000 kilograms, which includes a 4,000 kilogram increase to its annualized cultivation capacity. “This approval represents another significant milestone achievement for VIVO and a major step toward helping us reach our business goals,” VIVO CEO Barry Fishman said in the news release. “I am extremely proud of our Napanee team demonstrating that innovation and a focus on quality are part of our DNA. Our team in Napanee, as well as the team at Health Canada, worked tirelessly during the approval process. We applaud Health Canada’s efforts in playing a vital role in ensuring a safe cannabis supply chain for Canadians.”
To view the full press release, visit http://ibn.fm/A7pJP
About VIVO Cannabis(TM)
VIVO, based in Napanee, Ontario, is recognized for trusted, premium cannabis products and services. It holds production and sales licenses from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology at its Canna Farms facility in Hope, B.C., and at its Vanluven facility in Napanee, Ontario. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical(TM), Fireside(TM), Canna Farms(TM) and Lumina(TM). The Company is significantly expanding its production capacity and distribution channels; growing its domestic medical cannabis platform, including Harvest Medicine, its patient-centric, highly scalable network of specialty medical cannabis clinics and services; promoting production and cultivation innovation and pursuing partnership and product development opportunities; and actively focusing on growth in select international markets, including Germany and Australia. VIVO has a healthy balance sheet and is well-positioned to accelerate its growth in Canada and internationally. For more information, visit the company’s website at www.VivoCannabis.com.
NOTE TO INVESTORS: The latest news and updates relating to VVCIF are available in the company’s newsroom at http://ibn.fm/VVCIF
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