VIVO Cannabis Announces Cannabis Oil Sales License Granted to Wholly-Owned ABcann Medicinals

Published: February 12, 2019

VIVO Cannabis Announces Cannabis Oil Sales License Granted to Wholly-Owned ABcann Medicinals

VIVO Cannabis Inc., a licensed cannabis producer offering premium medical and adult-use products and services, announcesd that the Company’s subsidiary, ABcann Medicinals Inc. (“ABcann”), has received approval from Health Canada for its most recent license amendment request allowing for the sale of cannabis oil.

The cannabis oil sales license allows the Company to significantly expand its product lines for medical cannabis patients and adult-use consumers. ABcann’s high-quality oil products are expected to be a core component of the Beacon Medical™ and Lumina™ brands, in addition to the cannabis oil already offered by the Company’s Canna Farms™ brand.

“We believe that cannabis oil will be the preferred method of treatment for medical cannabis patients and adult-use consumers with specific wellness objectives,” said Barry Fishman, Chief Executive Officer of VIVO. “The addition of cannabis oil products to our premium medical and adult-use brands will provide consumers with medical-grade products of the high quality VIVO customers have come to expect. Looking forward, the sales license is expected to accelerate product innovation, leading to a broader product offering for our customers.”

Consisting of THC, CBD and balanced THC/CBD oil products, patients and consumers will be able to find the product that best suits them. The CO-2 extracted oils will feature a pharmaceutical-grade MCT carrier and are expected to be sold in a 20 mL format with a graduated dropper and syringe to make dosing precise and easy. Initial concentrations are expected to be in the 20-25 mg/mL range for THC and CBD products, and 10 mg/mL each of THC and CBD for the balanced products.

Mr. Fishman stated, “We remain committed to providing patients and consumers with safe and effective products that address their health and wellness goals and improve their quality of life. The addition of cannabis oil products to our Beacon Medical™ and Lumina™ brands is an important step towards a complete portfolio of patient and consumer-centric products and treatments.”

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