TORONTO, Oct. 24, 2019 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V – XLY) (“Auxly” or the “Business“) nowadays announced that its wholly-owned subsidiaries, Dosecann Inc. (“Dosecann”) and Kolab Project Inc. (“Kolab”), have received amendments to their respective oil sales licences from Well being Canada. These amendments authorize Dosecann and Kolab to sell cannabis extracts, edibles and topical merchandise to the Canadian marketplace.
The Cannabis Regulations call for licenced processors to submit a notification to Well being Canada of their intent to sell each and every novel cannabis item in Canada at least 60 calendar days just before producing such cannabis merchandise obtainable for sale. Auxly, via its subsidiaries, has effectively submitted a total of 83 exclusive item SKUs to Well being Canada for the new derivative item formats that the Business intends to present for sale starting in mid-December. New merchandise involve vapes, chewables and chocolates, all of which have been formulated, created and packaged to meet the regulatory specifications set out by Well being Canada. These new item formats will be added to the Company’s existing item portfolio currently authorized for sale, such as oil-primarily based merchandise in, sprayable and capsule formats.
Hugo Alves, CEO of Auxly, commented: “We are delighted with the issuance of the licence amendments to Dosecann and Kolab and the productive submission of the expected new item notifications for more than 80 exclusive cannabis item SKUs below 3 of our cornerstone brands. These amendments and notifications are required regulatory milestones that should be accomplished by any business wishing to sell derivative cannabis merchandise when the two. marketplace starts later this year. Getting effectively accomplished these milestones, Auxly is capable to launch its portfolio of branded cannabis merchandise as quickly as legally permitted by the regulations. This is an essential step in executing our route-to-marketplace technique and introducing Canadian buyers to our extraordinary merchandise.”
The Company’s initial merchandise will be sold below 3 of Auxly’s proprietary brands: Dosecann, Kolab and Foray.
Dosecann is a clinical wellness brand constructed on pillars of excellent, efficacy and security. Backed by science and sophisticated analysis and improvement, Dosecann merchandise are driving today’s innovation and establishing tomorrow’s requirements.
Kolab is a platform devoted to arts, design and style and culture. Its mission is to deliver Canadian cannabis enthusiasts with a very carefully curated choice of exceptional cannabis merchandise, whilst championing higher excellent, purposeful goods created in collaboration with culturally-relevant creators.
Foray aims to be an accessible entry point for anyone, at any stage of their cannabis journey. Developed for the curious, Foray aims to each celebrate and educate one’s foray into cannabis, in the end inviting them to see cannabis differently.
ON BEHALF OF THE BOARD
“Hugo Alves” CEO
About Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF)
Auxly is an international cannabis business devoted to bringing revolutionary, efficient, and higher-excellent cannabis merchandise to the health-related, wellness and adult-use markets. Auxly’s seasoned group of sector very first-movers and enterprising visionaries has secured a diversified provide of raw cannabis, sturdy clinical, scientific and operating capabilities and top item analysis and improvement infrastructure in order to produce trusted merchandise and brands in an expanding worldwide marketplace.
Discover far more at www.auxly.com and keep up to date at Twitter: @AuxlyGroup Instagram: @auxlygroup Facebook: @auxlygroup LinkedIn: business/auxlygroup/.
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