(TheNewswire)
Ottawa, ON – TheNewswire - April 26, 2022 – Molecule Holdings Inc. (CSE:MLCL) (OTC:EVRRF) (“ Molecule ” or the“ Company ”), a Canadian craft-focused cannabis beverage productioncompany, is pleased to announce that they have received the amendment to their HealthCanada processing license, authorizing the activity of sale ofcannabis extracts, beverages, edibles, and topical products. Commonly referred to as “a sales amendment”, this application wassubmitted on August 29, 2021. After rigorous review with HealthCanada, we are thrilled to have successfully completed thisprocess.
The addition of this sales amendment now allows for theCompany to sell directly to the provinces, thereby opening the door toa number of potentially significant advantages and opportunities forthe business including:
-
A direct savings on commissions currently being paidfor by the use of an outside sales amendment arrangement.
-
The ability to deal directly and build relationshipswith provinces and territories.
-
The ability to develop a new and lucrative revenuestream by representing other LP’s or brands looking forrepresentation from a licensed entity.
Commented David Reingold, CEO ofMolecule, “Obtaining our sales amendment license was a majorregulatory hurdle. We are excited to now have this behind us. Thecommission savings and opportunity this new license amendmentprovides is substantial to the business. I am very thankful to theMolecule team for all of their hard work on getting this through tocompletion . ”
For further information, please contact:
André Audet, Chairman and Co-Founder Phone: 1 (888) 665-2853 x101
Email: andre@molecule.ca www.molecule.ca
About MoleculeHoldings Inc.
Molecule is a licensed producerdedicated to creating cannabis-infused beverages for the Canadianmarket. We produce leading, top-quality drinks to provide opportunityand choice to people seeking a convenient and social way to consumecannabis. Molecule is focused on growing both our portfolio, and theoverall cannabis beverage market. We want to ensure people have thebest opportunity to find exactly the product and experience theythirst for.
Neither the Canadian Securities Exchange nor itsregulation services provider accepts responsibility for the adequacyor accuracy of this press release.
Forward-Looking Statements
This press release containsstatements that constitute “forward-looking information”(“forward-looking information”) within the meaning of theapplicable Canadian securities legislation. All statements, other thanstatements of historical fact, are forward-looking information and arebased on expectations, estimates and projections as at the date ofthis news release. Any statement that discusses predictions,expectations, beliefs, plans, projections, objectives, assumptions,future events or performance (often but not always using phrases suchas “expects”, or “does not expect”, “is expected”,“anticipates” or “does not anticipate”,“plans”, “budget”, “scheduled”, “forecasts”,“estimates”, “believes” or “intends” or variations of suchwords and phrases or stating that certain actions, events or results“may” or “could”, “would”, “might” or “will” betaken to occur or be achieved) are not statements of historical factand may be forward-looking information. Forward-looking statementsin this news release include statements regarding activities followingHealth Canada’s approval of the application for the sales amendmentand the Company’s expectations regarding the addition of the salesamendment; the expected benefits and opportunities for the Company’sbusiness upon receipt of the sales amendment; the Company’sstrategic plans regarding national expansion and in store placement;and the Company’s abilityto produce cannabis-infused beverages for the Canadian beverage marketto provide opportunities for people to consume cannabis . In disclosing the forward-lookinginformation contained in this press release, the Company has madecertain assumptions.
The Company's actual results coulddiffer materially from those anticipated in this forward-lookinginformation as a result of regulatory decisions, competitive factorsin the industries in which the Company operates, prevailing economicconditions, and other factors, many of which are beyond the control ofthe Company. The Company believes that the expectations reflected inthe forward-looking information are reasonable, but no assurance canbe given that these expectations will prove to be correct and suchforward-looking information should not be unduly relied upon. Anyforward-looking information contained in this news release representsthe Company's expectations as of the date hereof and is subject tochange after such date. The Company disclaims any intention orobligation to update or revise any forward-looking information whetheras a result of new information, future events or otherwise, except asrequired by applicable securities legislation.
Copyright (c) 2022 TheNewswire - All rights reserved.