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CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Reaffirms Timing of First Harvest at Kimmetts, Unveils 2020 Cultivation Plans

Company: VIVO Cannabis Inc. (VVCIF)
Category: News

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this morning announced its expected commencement of the first harvest at its Kimmetts facility in Napanee, Ontario in the fourth quarter of 2019. In addition, VIVO unveiled its plans for the facility in 2020, which include an accelerated planting schedule and the contemplated use of five additional acres of land adjacent to the existing airhouses. VIVO made the announcements during its analyst and investor day held in Napanee, where the company showcased its airhouse technology, extraction programs and progress toward achieving EU GMP certification. “The fact that we expect to be able to commence first harvest within our stated timelines and budget speaks to the early success of the airhouses and the talent of our Napanee team,” VIVO CEO Barry Fishman said in the news release. “Kimmetts is expected to play a significant role in our strategy of bringing new value-added products to market, as well as contributing to our existing collection of premium brands, including Beacon Medical(TM), Fireside(TM), Canna Farms(TM) and Lumina(TM).”

To view the full press release, visit http://cnw.fm/g2Y6y

About VIVO Cannabis(TM)

VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licenses from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical(TM), FIRESIDE(TM), Canna Farms(TM) and Lumina(TM). In August 2018, VIVO acquired Canna Farms, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. The company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics as well as a free telemedicine service. VIVO has a healthy balance sheet and is well-positioned to accelerate its growth in Canada and internationally. For more information, visit the company’s website at www.VivoCannabis.com.

NOTE TO INVESTORS: The latest news and updates relating to VVCIF are available in the company’s newsroom at http://cnw.fm/VVCIF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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