TORONTO, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Eve & Co Incorporated (the “Company” or “Eve”) (TSXV: EVE) is pleased to announce that, through its wholly-owned subsidiary Natural MedCo Ltd., it has entered into an agreement effective as of October 17, 2018 with the Newfoundland Labrador Liquor Corporation (the “NLC”) for the distribution of various cannabis products to the adult-use recreational market within Newfoundland and Labrador. Sales under such agreement remain subject to receipt of an authorization from the Province of Newfoundland and Labrador.
The NLC is a provincial Crown corporation responsible for managing the sale and distribution of non-medicinal cannabis in the Province of Newfoundland and Labrador.
Eve intends to commence sales of recreational cannabis under its new “Eve” brand this October, a premier recreational cannabis brand for women. “We are very excited to have entered into our third agreement with a provincial distributor in connection with supplying the Canadian adult-use market from coast to coast,” commented Melinda Rombouts, President and CEO of Eve.
ABOUT EVE & CO INCORPORATED
Eve, through its wholly owned subsidiary Natural MedCo Ltd., is a licensed producer and seller of dried cannabis and cannabis plants, and producer of cannabis oil, under the Access to Cannabis for Medical Purposes Regulations (the ACMPR). Natural MedCo Ltd. is Canada’s first female founded licensed producer, and received its cultivation license from Health Canada in 2016 and its sales license from Health Canada in June 2018.
Eve is led by a team of agricultural experts and has a 220,000 sq. ft. scalable greenhouse production facility located in Middlesex County, Ontario with 32 acres of adjacent land for future expansion. Eve has broken ground on an additional 780,000 sq. ft. expansion, bringing Eve’s total anticipated greenhouse capacity to 1,000,000 sq. ft.
The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this press release constitute forward-looking information. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s future, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
For further information, please contact:
Melinda Rombouts
President and Chief Executive Officer
Eve & Co Incorporated
Telephone: (855) 628-6337
Shobana Thaya
Investor Relations
Telephone: (416) 807-1009