Ottawa, Ontario--(Newsfile Corp. - June 18, 2021) - Molecule Holdings Inc. (CSE: MLCL) ("Molecule" or the "Company"), a Canadian craft-focused cannabis beverage production company, is pleased to announce that the company has entered into a sales amendment partnership with Great White North Growers ("GWNG") to sell into Québec, via the Société québécoise du cannabis ("SQDC"), Québec's exclusive wholesale and retail distributor for the province.
"We are excited to enter the Québec market. We feel our unique family of beverages together with GWNG's experience and highly Québec-centric focus is a winning combination. Entering Québec is the first step in our national expansion, expecting to now pick-up speed since launching in Ontario in April," said Phil Waddington, President and CEO of Molecule.
"The decision to partner with Molecule makes good business sense for both companies. This partnership brings together a world-class product development and manufacturing team with a knowledgeable and experienced Québec operator. We look forward to getting started right away," commented GWNG President and CEO Peter Schissler.
ON BEHALF OF THE BOARD
MOLECULE HOLDINGS INC.
Per: "Philip Waddington"
President, CEO and Director
For further information, please contact:
André Audet, Chairman and Co-Founder
Phone: 1 (888) 665-2853 x101
About Molecule Holdings Inc.
Molecule works with client-partners to engage in the production of cannabis-infused beverages and edibles. We provide the infrastructure, know-how, technology, and licensing for craft producers to create consumable cannabis products. Molecule's goal is to be the on-ramp for companies wishing to enter into the cannabis beverage and edibles market, but who choose not to go through the significant process of obtaining the required cannabis licences.
About Great White North Growers
GWNG is a privately held producer of premium pharmaceutical grade medical and recreational cannabis, based out of the Ville d'Anjou, a borough of the island of Montreal. GWNG's skilled team of legacy growers cultivates premium cannabis with a state-of-the-art vertical aeroponic growing system. Great White North Growers embraces an organizational culture of operational excellence, environmental consciousness, social responsibility, and entrepreneurial attitude.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this press release.
Certain statements contained in this news release may constitute forward-looking information.
Forward-looking information is often, 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 or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. In this news release, the Company is making forward-looking statements with respect to rolling out nationally and selling into the Province of Québec. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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