ABcann Introduces Lumina, a Cannabis Brand Focused on Wellness
August 02 2018 - 7:00AM
ABcann Global Corporation (TSX-V: ABCN, OTCQB:
ABCCF) (“
ABcann” or the
“
Company”), a leader in Canada’s cannabis sector,
is pleased to announce the launch of Lumina, an adult-use cannabis
brand and product line designed with health & wellness in mind.
From alleviating stress to promoting focus, creativity or a
sense of calm, Lumina supports a holistic approach to mental and
physical well-being, key considerations in the flourishing wellness
sector.
“Lumina is the third entry in ABcann’s growing lineup of
cannabis brands, joining Beacon Medical and FIRESIDE in our premium
portfolio,” says Barry Fishman, CEO. “Our extensive experience
growing premium cannabis, emphasis on quality, and dedication to an
exceptional consumer experience can be seen in the superior
products we deliver.”
Lumina was developed to be a health and wellness brand dedicated
to non-combustible formats of cannabis and future innovations in
the wellness space. Fostering a mind-body connection, Lumina
products — expected to be available when the adult-use recreational
cannabis market opens to Canadians on October 17, 2018 — will be
produced in small batches at ABcann’s state-of-the-art, ISO 9001
certified facility. Lumina Oils, the first product group in the
Lumina line, will come in three formulations to satisfy a variety
of needs:
- CBD Oil:
0
mg/mL THC, 25 mg/mL CBD
- Balanced Oil: 12.5 mg/mL THC, 12.5
mg/mL CBD
- THC Oil:
25 mg/mL THC, 0 mg/mL CBD
The oils can be taken on their own, mixed with food or drink, or
used in cooking or baking. Generally, while the effects of
cannabis-infused oils take longer to surface, they last longer than
combustible methods of delivery. In some personal wellness
programs, they are used for a sense of serenity and relaxation,
while others report increased mental clarity and focus.
“Lumina was created to address two powerful consumer trends: the
belief that a healthy mind and a healthy body are connected, and
the desire to be self-directed when it comes to taking care of
one’s health,” says Sung Kang, Chief Marketing Officer. “Lumina
Oils are just the first in a rich line of products we intend to
develop as regulations evolve. Eventually, we see this brand
carrying a wide array of lotions, creams, aromatherapy candles,
bath bombs and other elevated products containing cannabis extracts
that help people take care of their mind and body.”
ABcann Global is committed to providing quality cannabis
products and services that improve lives. Every variable in
ABcann’s growing, curing and harvesting process is
precisely-controlled and monitored. ABcann’s indoor, high-tech
craft growing environment translates into a superior product that
is clean, consistent and repeatable, critical factors when
delivering high quality.
With the emergence of the Canadian adult-use market, continued
focus on the medical cannabis segment and a growing global
opportunity — coupled with a healthy balance sheet — ABcann is
well-positioned for success.
About ABcann
ABcann is recognized for high-quality, trusted products and
services. It holds production and sales licenses from Health
Canada, and its world-class indoor cultivation facility in Napanee,
Ontario contains proprietary plant-growing technology, centred on
its specially designed, environmentally controlled growing
chambers. This approach results in the production of
pharmaceutical-grade cannabis products. ABcann is expanding its
production capacity and pursuing partnership and product
development opportunities domestically, as well as in select
international markets, such as Germany, Australia, and Israel.
ABcann recently announced that it has entered into a definitive
agreement to acquire 100% of the issued and outstanding share
capital of Canna Farms Limited, a premium cannabis company in
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.
For more
information: |
|
|
|
Barry Fishman,
CEO: |
barry.fishman@abcannglobal.com |
Michael Bumby,
CFO: |
michael.bumby@abcannglobal.com |
ON BEHALF OF THE BOARD OF DIRECTORS
Barry Fishman (CEO and Director)
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements, including
statements regarding: the timing of opening of Canada's adult-use
market; the number and formats of the Lumina brands to be produced;
the positive effects for customers from use of the Company’s
products; and the expected response of ABcann's customers to its
new product lines; and the Company’s international business plans.
The forward-looking statements in this release are based on
certain assumptions and involves known and unknown risks and
uncertainties and other factors that could cause actual events to
differ materially from current assumptions and expectations,
including that the adult-use market will open in the time frame
expected and that customers will respond positively to ABcann's new
product lines. These forward-looking statements should not be read
as guarantees of future performance or results. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements,
including regulatory impediments to the timing of opening of the
adult use market, changes to industry regulations that are adverse
to the Company, and that customer reception may not be as expected.
A more complete discussion of the risks and uncertainties facing
the Company appears in the Company’s Annual Information Form and
continuous disclosure filings, which are available on SEDAR
at www.sedar.com. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this news release. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements as a result of new information or future events, or for
any other reason, other than as required by applicable securities
laws.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/d098f44c-0e34-46e4-81ed-645876e1f980
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