VANCOUVER, Sept. 10, 2019 /CNW/ - PRESS RELEASE - Harvest One Cannabis Inc., through its wholly-owned subsidiary United Greeneries Ltd., announces that, on Sept. 6, 2019, it obtained an amendment to its license from Health Canada which will allow for the sale of cannabis oil products.
Receiving a cannabis oil sales licence from Health Canada is a significant milestone for Harvest One as it prepares formulations for the next wave of cannabis products in Canada. New product development is currently at an advanced stage through licensed third-party partners, and the company will be launching a variety of vape and infused products when regulations come into effect later this year. The license also enables the company to commence initial sales of cannabis oil products to provincial and private retailers in British Columbia, Ontario, Saskatchewan and Manitoba.
"Securing our cannabis oil licence from Health Canada is another key step in the evolution of Harvest One as we get ready for the next stage of legalization" said Grant Froese, chief executive officer of Harvest One. "We are looking forward to launching infused products across all of our brands including Royal High, Satipharm, Dream Water and LivRelief."
The company's existing Health Canada approved non-cannabis based products such as Dream Water and LivRelief provide a unique differentiator for Harvest One. Those existing products position the company well to be an early entrant into the derivatives market in Canada. When legal, Harvest One will release new THC- and CBD-infused versions of these brands, which products have already been developed by its formulation team.