Partnership for ongoing development of Commercial Cannabis Production Program
VAUGHAN, ON, June 12, 2018 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company",TSX: TRST), one of Canada's leading licensed producers of medical cannabis, announced the signing of a memorandum of understanding with Niagara College to collaborate in the development of the College's Commercial Cannabis Production (CCP) Graduate Certificate program. The program will strengthen CannTrust's workforce production capabilities and help fill the growing demand for knowledgeable employees in the booming cannabis industry.
With the launch of this new program, Niagara College will become the first Canadian post-secondary institution to offer credits in Commercial Cannabis Production. CannTrust will be awarding six students with scholarships as part of the program's inauguration. The College and CannTrust are excited to be participating in shaping the future of Canada's cannabis industry and look forward to welcoming the program's first student intake in September 2018.
Students will be trained in cultivation and cannabis production methods at the College's customized, secure production teaching facility located on its Niagara-on-the-Lake Campus. Students will also receive in-depth training on how to navigate the complex Health Canada regulations that guide the industry.
As part of the Program, CannTrust will offer students hands-on learning through internship and cooperative opportunities and will offer a number of permanent placements to qualified candidates. These new positions will assist CannTrust in remaining at the forefront of the Canadian cannabis industry.
"CannTrust is proud to participate with Niagara College in the development of Canada's very first Commercial Cannabis Production Program. With Niagara College being located so close to our Niagara facility, CannTrust looks forward to offering both students and graduates exciting internship and employment opportunities. Graduates from the Program will help both CannTrust and others, nationally and internationally in shaping the next phase of our rapidly changing industry," said Brad Rogers, President of CannTrust.
"Strong industry connections are the backbone of our hands-on applied programs. We are grateful to partners like CannTrust who support our students and graduates and help to ensure that our curriculum meets the current and future needs of this emerging industry. We're especially pleased that CannTrust has committed to scholarships that will support students who might otherwise be unable to pursue and achieve their educational goals," said Vivian Kinnaird, dean of Business, Hospitality and Environment.
About CannTrust Since its inception in 2014, CannTrust has led the Canadian market in producing pharmaceutically standardized product.
As a federally regulated licensed producer, CannTrust brings more than 40 years of pharmacy and healthcare experience to the medical cannabis industry. CannTrust currently operates a 60,000 square foot state-of-the-art hydroponic facility in Vaughan, Ontario, as well as the recently completed 250,000 square foot Phase 1 redevelopment of its 450,000 square foot Niagara Greenhouse Facility. The Phase 2 expansion is underway and is anticipated to be completed and in cultivation towards the middle of 2018.
CannTrust is committed to research and innovation, as well as contributing to the growing body of evidence-based research regarding the use and efficacy of cannabis. Our product development teams along with our exclusive global pharma partner, Apotex Inc., are diligently innovating and developing products that will make it easier for patients to use medical cannabis. We support ongoing patient education about medical cannabis and have a compassionate use program to support patients with financial needs. For more information, please visit: www.canntrust.ca.
About Niagara College Niagara College offers more than 130 diploma, bachelor degree and advanced level programs as well as more than 600 credit, vocational and general interest Part-Time Studies courses. Areas of specialization include food and wine sciences, advanced technology, media, applied health and community safety, supported by unique learning enterprises in food, wine, beer, horticulture and esthetics. For more information visit niagaracollege.ca.
Forward Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which are based upon CannTrust's current internal expectations, estimates, projections, assumptions and beliefs and views of future events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy.
Forward-looking information include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance or other statements that are not statements of fact.
Any forward-looking information speaks only as of the date on which it is made, and, except as required by law, CannTrust does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for CannTrust to predict all such factors. When considering these forward-looking statements, readers should keep in mind the risk factors and other cautionary statements in CannTrust's Annual Information Form dated March 29, 2018 and filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The risk factors and other factors noted in CannTrust's Annual Information Form could cause actual events or results to differ materially from those described in any forward-looking information.
The TSX does not accept responsibility for the adequacy or accuracy of this release.
CannTrust is a federally regulated licensed cannabis producer. We are proudly Canadian, operating a portfolio of brands including estora, Liiv and Synr.g, specifically designed to surprise and delight patients and consumers. At CannTrust, we are committed to providing an...