VANCOUVER, Oct. 15, 2018 /CNW/ - EPHS Holdings Inc., (the "Company" or "EPHS") (OTCQB: STNN), together with Joint Venture Partner, Merritt Valley Cannabis, today announced its intention to commence work on its expansion plan located in Merritt, British Columbia, Canada. The 56-acre Merritt site is located on industrial properties, has 40MW of low-cost energy immediately available with all required services in place and is zoned for both cannabis and technology infrastructure. With expansion plans already on the horizon, a phased campus roll-out will provide EPHS with the ability to scale the facility to 1.2 million square feet over time.
EPHS intends to break ground in early 2019 on the company's cannabis campus. Phase one will span 30,000 square feet of production and extraction facilities and is scheduled for opening in early 2020.
"Our expansion plans and methodologies for Merritt Valley are based on industry experience and learned understandings. Our vision, which revolves around simplicity and focus, combines high yield cultivation methods and intellectual property with industry leading low-cost energy rates." commented Stevan Perry, chief executive officer of Merritt Valley Cannabis.
EPHS Holdings, Inc. chief executive officer, Gianfranco Bentivoglio stated, "What excites us is the economic development benefits that the Merritt Valley Cannabis project will bring to the City of Merritt. Recent studies have shown that a one million square foot cannabis facility can produce up to 500 direct and indirect jobs and an estimated one billion dollars of economic benefits for the region.".
About EPHS Holdings Inc.
EPHS Holdings Inc. is a late stage Access to Cannabis for Medical Purposes Regulation applicant. EPHS Holdings Inc. is a shareholder driven company and has a proven track record of increasing shareholder value by investing in disruptive businesses and in niche markets. EPHS's business and operational plan is to cultivate and distribute cannabis by securing a commercial cultivation license identified as a license for Access to Cannabis for Medical Purposes Regulation. The Company was founded in 2012 and is based in Boynton Beach, Florida.
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting EPHS Holdings, Inc. and its business. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in the Company's filings with the SEC, including, but not limited to, its Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The risk factors and other factors noted in the Company's SEC filings could cause actual results to differ materially from those contained in any forward-looking statement.
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SOURCE EPHS Holdings Inc.