Press Release – Indiva Announces Expansion Approval from Well being Canada

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Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Indiva Announces Expansion Approval from Well being Canada Newly-licensed space doubles flower capacity and offers rooms for Indiva to course of action edibles LONDON, Ontario – October 21, 2019: Indiva Restricted (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce that Well being Canada has authorized its licence amendment, adding 10,000 square feet of production space, such as 3 new develop rooms and two extra processing rooms. This extra square footage will, topic to applicable regulatory approvals, be utilised to manufacture edibles, enhance Indiva’s flower production capacity, and allow new development in the production, manufacturing, processing and refinement arms of the company. “We are excited to open up these 5 extra rooms. This new space substantially increases Indiva’s income prospective by adding far more capacity to our production, processing and refinement operations,” Niel Marotta, Indiva’s President and Chief Executive Officer, mentioned. “The approval of this licence amendment powers the subsequent step in our journey infusing our cannabis into gourmet chocolate as nicely as other derivative solutions. We stand committed to following Well being Canada’s regulations and are proud to obtain clearance to continue forward with our technique to meet the expectations of our provide agreements with provincial wholesalers. We appear forward to bringing our exceptional cannabis and cannabis-infused solutions to far more Canadians.” Indiva intends to start populating its 3 new flower rooms instantly. The cannabis grown in this space is anticipated to be turned into flower, pre-rolls, oil and distillate. The two newly-licensed processing rooms are anticipated to be devoted to Indiva’s pre-roll production and chocolate manufacturing operation. Indiva is also pleased to announce plans to submit its proof package to Well being Canada for the final phase of its London, Ontario facility by the finish of October. After licensed, this will offer an extra 10,000 square feet of processing space. &#160 About Indiva Indiva’s worldwide loved ones of cannabis brands set the normal for excellent and innovation. Indiva aims to bring its exceptional portfolio of solutions to Canadians and cannabis enthusiasts about the globe as laws permit. Indiva’s production facility, primarily based in London, Ontario, consists of aeroponic, environmentally-conscious develop rooms and a almost completed extraction and manufacturing space, which will be in a position to course of action 70 tonnes of biomass annually and make protected, higher-excellent cannabis-infused edibles. In Canada, Indiva will make and distribute Ruby® Cannabis Sugar, Sapphire&#x2122 Cannabis Salt and Ruby® Gems, as nicely as the award-winning Bhang® Chocolate, and other derivative solutions by way of licence agreements and joint ventures. Click right here to connect with Indiva on social media and right here to uncover far more information and facts on the Firm and its solutions. Media Speak to Kate Abernathy Vice President of Communications Telephone: 613-296-5764 E mail: [email protected] Investor Speak to Steve Low Investor Relations Telephone: 647-620-5101 E mail: [email protected] &#160 Disclaimer and Reader Advisory Neither the TSX Venture Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts duty for the adequacy or accuracy of this release or has in any way authorized or disapproved of the contents of this press release. Specific statements contained in this press release constitute forward-searching information and facts. These statements relate to future events or future efficiency. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and related expressions and statements relating to matters that are not historical details are intended to determine forward-searching information and facts and are primarily based on the parties’ present belief or assumptions as to the outcome and timing of such future events. Actual future benefits might differ materially. In distinct, this release includes forward-searching information and facts relating to the Firm&#8217s future operations, future solution offerings and entry into extra markets, alterations to laws and regulations in Canada and internationally, compliance with applicable regulations, compliance with the terms of the Facility, the Firm&#8217s potential to draw on the Facility, and the anticipated use of proceeds of the Facility. Numerous assumptions or components are generally applied in drawing conclusions or creating the forecasts or projections set out in forward-searching information and facts. These assumptions and components are primarily based on information and facts at the moment offered to the parties. The material components and assumptions consist of the parties getting in a position to receive the needed regulatory and other third parties’ approvals and licensing and other dangers linked with regulated entities in the cannabis business. The forward-searching information and facts contained in this release is created as of the date hereof and the parties are not obligated to update or revise any forward-searching information and facts, no matter whether as a outcome of new information and facts, future events or otherwise, except as needed by applicable securities laws. Since of the dangers, uncertainties and assumptions contained herein, investors ought to not location undue reliance on forward searching information and facts. The foregoing statements expressly qualify any forward-searching information and facts contained herein. This press release does not constitute an supply to sell or a solicitation of an supply to get any of the securities in the United States. The securities have not been and will not be registered beneath the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and might not be supplied or sold inside the United States or to U.S. Persons unless registered beneath the U.S. Securities Act and applicable state securities laws or an exemption from such registration is offered. Not for distribution to U.S. Newswire Solutions or for dissemination in the United States. Any failure to comply with this restriction might constitute a violation of U.S. Securities laws. &#160

The post Press Release &#8211 Indiva Announces Expansion Approval from Well being Canada appeared initially on INDIVA.

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