Green Relief Inc. forms joint venture with GR Genetics
Sep 12, 2018, 09:10 ET
HAMILTON, ON, Sept. 12, 2018 /CNW/ - Green Relief Inc., an ACMPR licensed producer of medical cannabis, is proud to announce that the company has entered into a joint venture agreement with a revolutionary tissue culturing company, launching March 2019.
GR Genetics, located in Grimsby, ON in a 32,000 sq. ft. facility, will enable Green Relief to continue its work with medical cannabis products through the tissue culturing of its own plants, while also conducting valuable industry research, strain research, strain modification and genetic improvement. Additionally, the company's physical location will act as a safe facility where genetic material will be stored and utilized for research purposes, with the goal of furthering Green Relief's plant genetics and strains. Upon its commencement, GR Genetics will be also be equipped to supply plants to ACMPR licensed producers across Canada, in addition to retail customers.
"One of the most important factors in delivering the highest-quality medical cannabis to our patients is knowing and owning our genetics," says Warren Bravo, CEO of Green Relief Inc. "With GR Genetics, we will have the opportunity to not only perform groundbreaking research and nurture a veritable library of strains with our own plant genetics, but we will also be in the unique position to provide plants to other ACMPR licensed producers across Canada as well as retail customers."
On August 23, 2018, Green Relief successfully acquired 63% interest in the joint venture, signaling a unique opportunity for tremendous growth regarding Green Relief's growing operations, with the ability to produce additional yield while eliminating the need for a physical nursery.
In addition to the growth of operations, genetic ownership, and research opportunities, Green Relief will be able to grow their cannabis products more efficiently. This will be accomplished utilizing a tissue culturing process to produce plantlets that are genetically identical to one another, removing the variation which can result from using mother plants.
"As it stands today, the industry is greatly underserviced," Bravo says. "In collaboration with GR Genetics, Green Relief strives to be the leader in providing viable plant genetic solutions."
About Green Relief Inc.
Green Relief Inc. is a Canadian licensed producer of medical cannabis under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR).
SOURCE Green Relief Inc.
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