This tea and edibles company is about to stir up cannabis culture with an expert team creating carefully formulated and health-minded assortment of curated infused goods
TORONTO, April 15, 2019 /CNW/ - Toronto-based Olli, an influential new leader on Canada's cannabis scene, has united a team of esteemed experts to produce teas and edibles with cannabis as a common ingredient and living well a common theme. Preparing for the second wave of recreational legalization in Canada (anticipated in fall of 2019), the thoughtfully curated product offerings of varying THC and CBD levels specifically designed around a culinary wellness lifestyle will epitomize the health-minded, safe consumption of cannabis, complete with unparalleled quality and taste.
It's the newfound balance of the culinary side of edibles and teas backed by premium cannabis designed to complement a healthful, wellness-focused lifestyle that differentiates Olli from its competitors. The assortment of offerings is the creation of Olli's impressive partnership group including award-winning and Michelin-starred restaurant trained Executive Chef Adrian Niman with the celebrated hospitality group The Food Dudes and Olli's Director of Tea and Product Development, world-renowned tea sommelier and one of the most sought-after tea specialists in the world, Richard Guzauskas. They are supported by an in-house Scientific Director and cannabis specialist, responsible of all cannabis research, formulation and testing. The business is managed by Co-Founder and Chief Executive Officer John B. Aird, who leads the charge and is at the forefront of the brand and Co-Founder and Chief Operating Officer Sarah Gillin, who is breaking down barriers and the associated stigmas facing women in the cannabis industry. Rounding out the team is Olli's esteemed financial partner and strategic advisor, Cassidy Asset Management.
"The idea behind Olli is a simple one: to create a trusted, smoke-free product line that will complement the emerging cannabis wellness lifestyle, whether an entry-level cannabis curious customer to the most seasoned cannabis consumers," says Sarah Gillin, Co-Founder and COO. "Our leadership team includes experts on everything from award-winning food and beverage production, to tea-blending and-of course-premium cannabis. Our mission is to deliver the highest standard of product offerings through thoughtful and healthful original recipes that enhance the overall cannabis experience."
LOCAL STATE-OF-THE-ART MANUFACTURING
Merging both the culinary and cannabis side of infused products, Olli is set to begin operations at their state-of-the-art facility currently under construction in Etobicoke, Ontario in the latter half of 2019. Olli prides itself on being an independent tea and edibles cannabis brand with its own food grade manufacturing facility complete with in-house cannabis research and development capabilities. As a result, Olli provides uncompromised attention to quality control at all points of the manufacturing process. All goods are subject to extensive third-party testing, reinforcing the attention to quality and removing any anxiety or apprehension one might have with consuming cannabis-infused products.
"Canada's cannabis culture is here to stay, but there is still a lot of work to be done in terms of creating an absolute trust in cannabis products and with cannabis manufacturers." said John B. Aird, Co-Founder and CEO. "Olli strongly supports the Government of Canada's core principles as they relate to responsible use of cannabis products, protecting youth from cannabis goods and implementing Good Production Practices. It's because of this that Olli aims to create a trusted, expertly crafted, quality-assured product that has been through rigorous third-party testing in order to increase public confidence and promote broad scale cannabis acceptance."
THE 'HIGHER'-END PRODUCT
As the idea of wellness becomes more deeply ingrained with cannabis, a growing number of young professionals are also turning to cannabis to simply shake off the day and relax. Health-focused cannabis users are sparking conversation and shifting perceptions when it comes to including cannabis consumption in balanced lifestyles. Olli combines advanced technology with its knowledge and appreciation of the experience-enhancing properties of cannabis and is a trusted solution in the market, not just thanks to its higher quality, but because the products are created by friends, for friends. Indeed, this is Olli's very ethos that the company desired to create a product that they would feel proud to share with their friends.
"Olli's products are thoughtfully crafted and curated using only top quality ingredients," says Adrian Niman, Olli's Executive Chef. "The idea behind our goods is to differentiate based on flavour and texture balance to elevate the whole cannabis lifestyle."
Planned offerings could include everything from real fruit chews, chocolate crunch bites, savoury butter cookies and passion fruit toffees that are highly consistent and calibrated to the kind of experiences cannabis and culinary consumers desire. The brand will also launch an assortment of cannabis-infused teas with varying blends of complementary THC and CBD profiles. The result is a premium quality, consistent and delicious suite of cannabis derivative health and wellness products.
Olli products will be for sale at various licensed retailers nationwide upon the second phase of legalization.
This news release represents forward-looking information and certain statements and other information included constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements include estimates, expectations, opinions, forecasts, anticipated events, opinions, potential scenarios and other similar expressions including statements regarding beliefs, plans, expectations and intentions for the future. Such forward-looking statements include, among other things: that edibles will be legalized in the fall of 2019; that Olli's product assortment will be permitted under the regulations; that Olli will have distribution channels secured in geographical areas by national retailers; that Olli will be granted for a Processing Licence. These forward-looking statements involve risks and uncertainties and are based on current expectations, and the Company assumes no obligation to update this information. Such factors include, among others, risks with respect to the timeline on the expansion of current and new federal laws or regulations to include edibles and beverages, could adversely affect the Company's business or plans; general economic conditions; adverse events that lead to excess capital required and inability to access sufficient capital; the granting of a Processing Licence from Health Canada; competition; cannabis industry changes and growth or decline; and other risks associated with the manufacturing, production and sale of cannabis-infused goods.
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