CannTx Commences Cannabis Cultivation
PUSLINCH, Ontario, August 27, 2018 - CannTx Life Sciences Inc. (the “Company” or “CannTx”) is thrilled to announce that it has received its genetic starting materials. This represents the commencement of Cannabis cultivation activities at the Company facility in Puslinch, Ontario.
The CannTx team will begin cultivation of vegetative propagations. These starting materials will supply the Company’s own operations to produce high quality medical-grade Cannabis in satisfaction of Health Canada’s ACMPR pre-sale requirements for the issuance of a License to Sell. Going forward, CannTx will continue cultivation with the intention to expand donor stock to further populate the Company’s remaining grow rooms, scaling to operate at 100%, and supplying its commercial-scale micropropagation laboratory with inputs.
The CannTx team has built a cultivation facility with state-of-the-art controlled growth environs, capable of accommodating proprietary vertical farming systems paired with industry leading micropropagation capabilities. The CannTx solution is expected to result in highly productive operations with exceptional standardization of finished products.
This marks another important milestone for the company as it continues to focus on expediting growth of the business to provide standardized, premium floral product to medical Cannabis patients and future adult-use consumers across Canada.
For further information, please contact:
Jennifer Charlebois, Communications Manager
About CannTx Life Sciences Inc.
Founded in 2013, CannTx is a privately-owned ACMPR-licensed Cannabis company, located in the heart of Canadian agricultural innovation. CannTx is equipped to become the only commercial scale producer of micropropagated inputs, both for sale to licensed producers, as well as for use in its own state-of-the-art facility. The CannTx solution involves harnessing biotechnology (specifically micropropagation and vertical farming) for Cannabis cultivation, which results in improved consistency of product, enhanced safety, greater selection, better availability and the agility to respond to changing consumer preferences.
For more information, please visit www.CannTx.com
This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this news release include, without limitation, statements regarding: the Company’s facility, expected capacity, production, business and operations. Although the Corporation believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.