VANCOUVER, Nov. 5, 2019 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB) (OTCQB: LIBFF) (FSE: HN3P) ("Liberty Leaf" or the "Company") has provided an update on the progress of its subsidiary, Just Kush Enterprises Ltd. ("Just Kush"), cannabis cultivation facility situated on 13 acres in the Okanagan Valley near Oliver, B.C.
As previously disclosed (see news releases dated November 29, 2018 and April 1, 2019), Just Kush submitted its Affirmation of Readiness evidence package and subsequently, received its Confirmation of Readiness notice from Health Canada.
"The Company has been in regular communications, as recent as last week with the Cannabis Licensing Division of Health Canada and is satisfied that Just Kush's application for standard cultivation, standard processing and sale for medical purposes licences meets or exceeds Health Canada's requirements for cannabis licensing under the Cannabis Act", says Will Rascan, President & CEO. "And with that, we look forward to receiving our licences in the near future."
Currently, Liberty Leaf is debt-free, and has no convertible debt.
About Just Kush
When licensed, Just Kush plans to cultivate premium cultivars of cannabis, selected for different levels of CBD and THC in accordance with market demand.
The company has a production facility situated on 13 acres in the Okanagan Valley near Oliver, B.C. It is a Standard applicant for cannabis licences that will enable it to cultivate, process and sell cannabis for medical and adult-use recreational purposes.
About Liberty Leaf
Liberty Leaf Holdings Ltd. is a Canadian-based, public company whose focus is to build and support a diversified portfolio of cannabis-sector businesses, including cultivation, processing, value-added cannabis and accessory products within this dynamic and fast-growing sector.
On Behalf of the Board
Will Rascan, President & CEO
Liberty Leaf Holdings Ltd.
Toll Free: 1-833-LIB-LEAF (542-5323)
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.
SOURCE Liberty Leaf Holdings
For further information: on the Company please visit https://www.libleaf.com or email [email protected]