Agraflora expects Cantura to receive cannabis research license in 'coming weeks'
AgraFlora Organics International provided the following operational guidance and corporate development updates pertaining to its wholly-owned, vertically integrated cannabinoid-infused cosmetics/topicals subsidiary, Canutra Naturals. U.S. expansion of Canutra's trusted consumer brand suite, including its Whole Hemp Health line of all natural skin care products, derived from 100% Organic Canadian hemp seed oil.Exclusive partnership with leading digital marketing firm, Covault Technologies. Definitive discussions to secure national listings of its product portfolio through prominent, high traffic U.S. distribution channels. Achievement of shelved Canutra products in over 20 Canadian brick and mortar locations, augmented by forecasted Q3 purchase orders expanding its retail product footprint to 100 unique locations. Initiation of multifaceted social media and e-commerce influencer marketing campaigns, targeting select U.S. marketplaces primed for mass adoption. Architecture of a network of temporary Canutra/Whole Hemp Health branded pop-up shops, further expanding the Company's retail footprint and brand presence in an economical and contemporary manner/ Continued collaboration with the Universite de Moncton with the objective of augmenting Canutra's portfolio of intellectual property. Imminent expected award of Canutra's 2019 cannabis research license from Health Canada. By way of its wholly-owned, cannabinoid-infused cosmetics/topicals subsidiary, Canutra, AgraFlora is equipped with robust cultivation, extraction, manufacturing and distribution capabilities from the Company's flagship facility in Kent County, New Brunswick. Canutra owns and operates 76 acres of unzoned, arid agricultural land, including 1,000 feet of river frontage. The Company's New Brunswick facility, formerly a Federally owned farm and research facility, boasts over 17,500 square feet of commercial-grade production facilities, as well as 12 separate free-standing structures. Canutra was granted an industrial hemp licence by Health Canada for its New Brunswick land parcel and expects the imminent award of its 2019 Health Canada cannabis research license in the coming weeks.