VANCOUVER, British Columbia, Sept. 18, 2019 (GLOBE NEWSWIRE) — AgraFlora Organics International Inc. (“AgraFlora” or the “Business”) (CSE: AGRA) (PU31.F) (OTCPK: PUFXF), a development oriented and diversified international cannabis firm, is pleased to announce the Company’s wholly owned subsidiary, Canutra Naturals Ltd. (“Canutra”), has been awarded a cannabis analysis licence (the “Research License”) by Wellness Canada below the Cannabis Regulations Act. The Analysis License permits Canutra to pursue the improvement of proprietary cannabis genetics and phenotypes at its flagship 76-acre campus in Kent County, New Brunswick.
In conjunction with the Canutra’s current cannabis analysis and improvement partnership with the Université de Moncton (“UM”), the firm will leverage its not too long ago awarded Analysis License to augment its portfolio of distinctive cannabis genetics and phenotypes. Canutra intends to make use of its proprietary cannabis genetics and phenotypes as base-inputs for its suite of premium, cannabinoid-infused cosmetics, which are presently marketed across North America, the People’s Republic of China and the Hong Kong Unique Administrative Area.
Canutra continues to demonstrate its leadership with regards to cannabis-derived CPGs, due to its Wellness Canada awarded Analysis License and continued collaboration with UM. The firm also continues to attain material advancements all through its IP improvement and aggregation initiatives, such as:
Higher CBD hemp cultivation methods
Sophisticated extraction methodologies
Inoculation formulations and
Proprietary cannabinoid profiles for future skin care item lines.
By way of its wholly owned, cannabinoid-infused cosmetics/topicals subsidiary, Canutra, AgraFlora is equipped with robust cultivation, extraction, manufacturing and distribution capabilities from the company’s New Brunswick facility. Canutra owns and operates 76 acres of unzoned, arid agricultural land, such as 1,000 feet of river frontage.
The New Brunswick campus, formerly a federally owned farm and analysis facility, boasts more than 17,500 square feet of industrial-grade production facilities, as nicely as 12 separate no cost-standing structures.
Canutra manufactures and distributes premium individual care, cosmetics and cannabinoid-infused item lines such as a suite of trusted customer brands such as Entire Hemp Wellness a Canadian all-organic, hand-created skin care line, formulated with 100-per-cent-Canadian organic hemp seed oil. Canutra markets its Entire Hemp Wellness merchandise by way of brick-and-mortar retail outlets, Amazon Prime, as nicely as direct to customer, by means of an integrated Shopify e-commerce platform.
Tony Harris, Chief Executive Officer of Canutra stated: “We are thrilled to formally announce our analysis plan to create distinctive and patentable cannabis genetics and phenotypes to be employed in the creation of functional cosmetics and proprietary skincare formulas. Improvement of proprietary base-inputs derived from custom cannabis plants and refined into a distinctive cannabinoid formula, augments our currently best tier Entire Hemp Wellness line of merchandise, and will serve to make certain the continued development of our merchandise and shelf space and remain ahead of the pack in terms of top quality and functionality.
By leveraging our R&D team’s capability to produce and best distinctive cannabinoid combinations focused on skincare functionality, we intend to develop into the leader of cosmetic cannabis technologies in Canada and the planet.”
Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora stated: “Canutra’s program to produce distinctive and functional farm to face skincare item offerings is positive to enhance an currently exponentially expanding sector. The North American cannabis business is forecasted to develop to US$19 billion by 2020 and Canutra is tactically positioned to capture signature market place share.
The mixture of pharmaceutical and cosmetics experience affords Canutra a strategic benefit inside the swiftly developing hemp and cannabis analysis space and industries. We are most confident the Canutra group with be capable to create planet class merchandise that will excite even the most demanding of shoppers.”
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a development oriented and diversified firm focused on the international cannabis business. It owns an indoor cultivation operation in London, ON and is a joint venture companion in Propagation Service Canada and its substantial-scale two,200,000 sq. ft. greenhouse complicated in Delta, BC. The Business has a thriving record of developing shareholder worth and is actively pursuing other possibilities inside the cannabis business. For a lot more details please go to: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Chairman & CEO
T: (604) 398-3147
For extra details:
AgraFlora Organics International Inc.
For French inquiries:
The CSE and Information and facts Service Provider have not reviewed and does not accept duty for the accuracy or adequacy of this release.
Forward-seeking Information and facts Cautionary Statement
Except for statements of historic truth, this news release includes specific “forward-seeking details” inside the which means of applicable securities law. Forward-seeking details is regularly characterized by words such as “program”, “count on”, “project”, “intend”, “think”, “anticipate”, “estimate” and other related words, or statements that specific events or circumstances “may perhaps” or “will” happen. Forward-seeking statements are primarily based on the opinions and estimates at the date the statements are created, and are topic to a selection of dangers and uncertainties and other components that could bring about actual events or benefits to differ materially from these anticipated in the forward-seeking statements such as, but not restricted to delays or uncertainties with regulatory approvals, such as that of the CSE. There are uncertainties inherent in forward-seeking details, such as components beyond the Company’s manage. There are no assurances that the small business plans for AgraFlora Organics described in this news release will come into impact on the terms or time frame described herein. The Business undertakes no obligation to update forward-seeking details if situations or management’s estimates or opinions ought to modify except as necessary by law. The reader is cautioned not to location undue reliance on forward-seeking statements. Further details identifying dangers and uncertainties that could have an effect on monetary benefits is contained in the Company’s filings with Canadian securities regulators, which are accessible at www.sedar.com.