(TheNewswire)
March 11 2021 – TheNewswire - Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the“ Company ”), a Canadian craft-focused cannabis beverage productioncompany, is pleased to announce that it has received its firstpipeline fill orders for 5 of its brands from the Ontario CannabisStore (“ OCS ”), and has committed to shipping to the OCS DistributionCentre by March 25th. The OCS anticipates further follow-up PO’s,“one and two weeks after launch”.
“This is a very exciting day for the Molecule team asthis marks an important new chapter for Molecule’scommercialization. Having this type of representation in the largestcannabis market in the country is a testament to Molecule’s businessmodel and will put us head-to-head with the biggest and the best inthe Canadian cannabis industry. The Ontario market is experiencingsuch explosive growth with new points of distribution openingthroughout the province every day. The fact that we get to share inthat growth just in time for the busy summer beverage season is aperfect way to introduce Molecule to the country,” said MoleculePresident and CEO Philip Waddington.
Molecule is a licensed cannabis beverage manufacturingcompany, with a Health Canada licensed facility in the 1000 IslandsRegion of Ontario. Molecule produces its own beverages, as well asbeverages for brand partners.
ON BEHALF OF THE BOARD
MOLECULE HOLDINGS INC.
Per: “ PhilipWaddington ”
President, CEO and Director
For further information, pleasecontact:
André Audet, Chairman andCo-Founder
Phone: 1 (888) 665-2853 x101
Email: andre@molecule.ca
About Molecule Holdings Inc.
Molecule works with client-partners to engage in theproduction of cannabis-infused beverages and edibles. We provide theinfrastructure, know-how, technology, and licensing for craftproducers to create consumable cannabis products. Molecule’s goal isto be the on-ramp for companies wishing to enter into the cannabisbeverage and edibles market, but who choose not to go through thesignificant process of obtaining the required cannabislicences.
Neither the Canadian SecuritiesExchange nor its regulation services provider accepts responsibilityfor the adequacy or accuracy of this press release.
Forward-Looking Statements
Certain statements contained in thisnews release may constitute forward-looking information.
Forward-looking information isoften, but not always, identified by the use of words such as"anticipate", "plan", "estimate","expect", "may", "will","intend", "should", and similar expressions.Forward-looking information involves known and unknown risks,uncertainties and other factors that may cause actual results orevents to differ materially from those anticipated in suchforward-looking information. The Company's actual results could differmaterially from those anticipated in this forward-looking informationas a result of regulatory decisions, competitive factors in theindustries in which the Company operates, prevailing economicconditions, and other factors, many of which are beyond the control ofthe Company. In this news release, the Company is makingforward-looking statements with respect to shipping cannabis beveragesto OCS. The Company believes that the expectations reflected in theforward-looking information are reasonable, but no assurance can begiven 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.
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