Gaia Grow’s Canadian Cannabis Lab Tru Extracts Receives a Commercial Amendment to its License from Health Canada

0

(via TheNewswire)

Vancouver, British ColumbiaTheNewswire –May 24, 2022Gaia Grow Corp. (the “Company” or “Gaia”) (CSE: GAIA) (Frankfurt: GG0) is pleased to announce that its wholly owned subsidiary, TruExtracts Laboratories (“TRU”), has received a change in its Health Canada license that allows the company to supply extracts, edibles, and topicals directly to provincial distributors, retailers in some provinces, and licensed medical cannabis sellers.

The receipt of the Sales Amendment marks the final regulatory step required to launch sales operations for the Company’s cannabis products, providing a pathway to market for everything made at the Tru plant. . Tru intends to use the amended license quickly to begin the process of distributing the products in the Canadian market.

This sales modification is in addition to its current processing and research license.

“The Sales Amendment is an important milestone for Tru, it allows us to monetize Tru’s state-of-the-art facility and realize our vision of bringing unique, top-tier cannabis products to the regulated market,” said Frederic PelsCEO of Gaia grows. “Tru is now able to generate revenue and is finally on the path to sales and profitability. I look forward to updating the shareholder on Tru’s progress”

“Cannabis consumers and provincial boards are looking for innovative, high-quality products from new sources,” said Andre Sinclair, COO of Tru Extracts. “These are exactly the types of products that are made at Tru Extracts. This amendment to our license to allow sales will allow Tru to bring them to market as soon as possible.”

About TruExtracts

TruExtracts Laboratories was created for high-capacity mining and production to meet global demand. TRU is one of the largest cannabis and hemp processors in Western Canada, with a state-of-the-art 12,500 square foot facility in Calgary. The facility is Health Canada licensed and fully operational, with capacity for an additional 16,000 square feet of expansion. Services include custom processing, THC, CBD extractions and isolates, as well as white label service and THC and CBD cannabis products.

For more information, please visit their website athttps://truextractslabs.com

On Gaia grows

Gaia grows is a albertalicensed vertically integrated hemp company with licensed subsidiaries for processing, extraction, product formulation, new product development and retail of cannabis and hemp. For more information about the Company, please visitwww.GaiaGrow.com

Please join the conversation on our GAIA Group supporters telegram group athttps://t.me/gaiagrowand visit us online atwww.gaiagrow.com

For more information, please contact:

Frederic PelsChief executive officer

(403)-991-7737

[email protected]

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

CAUTIONARY AND FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, ” expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “could”, “should”, “believe”, “would” and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of the Company’s management regarding the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Because forward-looking statements and information relate to future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the hemp industry in general, such as operational risks related to cultivation; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including, but not limited to, tax laws and governmental regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this press release.

Copyright (c) 2022 TheNewswire – All Rights Reserved.

Copyright (c) 2022 TheNewswire – All rights reserved., source Press Releases

Share.

About Author

Comments are closed.