VICTORIA, BC, June 26, 2018 /CNW/ - Renee Gagnon, Founder and CEO of HollyWeed North Cannabis Inc. today announced that HollyWeed Manufacturing & Extracts Inc. (a subsidiary of HollyWeed North Cannabis Inc.) have been issued their Dealer's License from Health Canada.
As licensed under the Health Canada Controlled Drugs and Substances Act, HollyWeed Manufacturing and Extracts Inc. will be able to import and export cannabis products with approved countries where trading is legal and permitted.
In addition, HollyWeed Manufacturing and Extracts Inc. will be able to manufacture products as per current regulatory specifications and export them to the approved countries.
Obtaining the license will allow HollyWeed Manufacturing and Extracts to work with Canadian Licensed Producers as a contract manufacturer of approved cannabis products as well as to perform research and development activities to develop novel extraction methods/technologies and product formulations.
In making the announcement, Gagnon stated: "It has been my pleasure to assemble a supergroup, give them the resources they need and now obtaining our license is the result. Record time and easy inspection, we are now positioned to lead the manufactured cannabis space."
About HollyWeed North Cannabis Inc.: HollyWeed North operates as licenser and publisher of their partner's intellectual properties (recipes, formulas, etc.) and distribute products within legal jurisdictions, extending partner brands into multiple markets.
They provide cross-border cannabis product research, development, licensing and legal production services for individuals, companies, and associations. Their goal is to provide continuous quality and compliance oversight in all areas of business operations to exceed regulatory requirements.
HollyWeed North and TerraCube Inc. were both founded by Renee M. Gagnon, founder of one of Canada's first Licensed Producers (EMH.V), and the first Female CEO of a publicly-traded federally licensed Cannabis Company (2015). HollyWeed North Cannabis Inc, TerraCube and Minicube are trademarks of their respective owners.
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold (ii) unexpected increases in our expenses, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, (ix) our inability to execute on strategic alliances, * the impact of natural disasters on our sourcing operations and supply chain, and(xi) other factors detailed in documents we file from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.