VIVO
Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this morning announced its
expected commencement of the first harvest at its Kimmetts facility in Napanee,
Ontario in the fourth quarter of 2019. In addition, VIVO unveiled its plans for
the facility in 2020, which include an accelerated planting schedule and the
contemplated use of five additional acres of land adjacent to the existing
airhouses. VIVO made the announcements during its analyst and investor day held
in Napanee, where the company showcased its airhouse technology, extraction
programs and progress toward achieving EU GMP certification. “The fact that we
expect to be able to commence first harvest within our stated timelines and
budget speaks to the early success of the airhouses and the talent of our
Napanee team,” VIVO CEO Barry Fishman said in the news release. “Kimmetts is
expected to play a significant role in our strategy of bringing new value-added
products to market, as well as contributing to our existing collection of
premium brands, including Beacon Medical(TM), Fireside(TM), Canna Farms(TM) and
Lumina(TM).”
To view the full press release, visit http://ibn.fm/gkvF7
About VIVO Cannabis(TM)
VIVO, based in Napanee, Ontario, is recognized for trusted,
high-quality products and services. It holds production and sales licenses from
Health Canada and operates world-class indoor cultivation facilities with
proprietary plant-growing technology. VIVO has a collection of premium brands
targeting unique customer segments, including Beacon Medical(TM), FIRESIDE(TM),
Canna Farms(TM) and Lumina(TM). In August 2018, VIVO acquired Canna Farms, a
premium cannabis company based in Hope, British Columbia. Canna Farms was
B.C.’s first Licensed Producer and has several years of craft cultivation
experience and expertise, as well as a significant patient base and positive
cash flow. The company is significantly expanding its production capacity and
pursuing partnership and product development opportunities domestically, as
well as in select international markets, including Germany and Australia. VIVO
also operates Harvest Medicine, a patient-centric and highly scalable network
of specialty medical cannabis clinics as well as a free telemedicine service.
VIVO has a healthy balance sheet and is well-positioned to accelerate its
growth in Canada and internationally. For more information, visit the company’s
website at www.VivoCannabis.com.
NOTE TO INVESTORS: The latest news and updates
relating to VVCIF are available in the company’s newsroom at http://ibn.fm/VVCIF
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