/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, Sept. 17, 2019 /CNW/ -- Quality Green Inc. ("Quality Green™") is pleased to announce that it has received its standard processing license from Health Canada. This license will allow for Quality Green to deliver products to the recreational market in Canada.
Quality Green is currently in the final stages of constructing a 50,000 square foot indoor cultivation facility expansion in Canfield, Ontario, and has already harvested and stored an initial four strain offerings of cannabis flower to be rolled out this winter 2019.
"The issuance of our standard processing license marks an incredible milestone for Quality Green," stated Robert Dziedzic, CEO of Quality Green. "With a robust stockpile of notable cannabis strains already in stock and construction of our cultivation site expansion nearing completion which will allow us to grow an additional annual capacity of 2,600 kg by 2020, we are in a strong position to effectively meet the demand of the $7.2 billion Canadian cannabis market."
Dziedzic continued, "Quality Green's cultivation and distribution strategy is crafted to meet building consumer demands for premium quality cannabis. With this license in place, along with our established relationships with licenced dispensaries throughout the country, we are strategically positioned to reach the next stage of our growth plan and build our sales pipeline of Quality Green cannabis flower."
Additionally, Quality Green received approval on its application for additional grow spaces allowing Quality Green the ability to accelerate its genetic capacities and strain offerings.
About Quality Green™
Founded in 2013, Quality Green is a licensed cultivator under the Cannabis Act (Canada), and strives for the perfect trifecta of optimized production efficiency, best practices, and standards, to result in the finest product. With an extensive expansion plan and a clear vision across all channels of their business, Quality Green is poised to capture vast opportunities within the cannabis space. With considerable momentum and a team focused on delivering on strategy and innovation, Quality Green demonstrates its commitment to owning its position as a leading cannabis producer.
For further information about Quality Green, please visit www.qualitygreen.ca
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding the size, timing and completion of the Offering, the use of proceeds thereof, the Proposed Transactions and the anticipated completion of future tranches of the Offering, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will be successful in completing the Offering in the timeframe currently contemplated, if at all, that the Company will be able to use the proceeds of the Offering as anticipated, that the Company will be able to complete the Proposed Transactions and that the Company will be able to complete future tranches of the Offering. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company will be unable to obtain the necessary approvals to complete the Offering, that the Company will be unable to complete the Offering on the terms and conditions as anticipated by management, that the Company will not be able to use the proceeds of the Offering as anticipated, that the Company will not be able to complete the Proposed Transactions, that the Company will be unable to obtain the necessary approvals to complete the future tranches of the Offering or to complete the future tranches of the Offering on the terms and conditions as anticipated by management. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
Except as required by law, neither Quality Green nor RAC undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in subsequent reports should be consulted.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities to be issued in connection with the Offering and the Proposed Transaction have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. For more information, please visit www.QualityGreen.ca.
KCSA Strategic Communications
Phone: (212) 896-1265
SOURCE Quality Green Inc.