Embark Delta Inc. Announces its First Provincial Supply Agreement with Alberta
Toronto, Ontario--(Newsfile Corp. - January 12, 2021) - Embark Delta Inc., a wholly owned subsidiary of Embark Health Inc. ("Embark" or the "Company" ) is pleased to announce that it has entered into a standing offer contract with the province of Alberta (the "Supply Agreement" or the "Agreement") from Alberta Gaming, Liquor & Cannabis ("AGLC"), the province's regulator, wholesaler and operator of Alberta's only legal online non-medical cannabis store, AlbertaCannabis.org. Pursuant to the Supply Agreement, Embark will supply AGLC with Bubble Hash produced at Embark's facility in Delta, British Columbia.
"We are pleased that Embark's best in class Bubble Hash will be available in the province of Alberta. With over 500 retail locations operating in the province, AGLC has supported an impressive and expansive network of private cannabis retailers and our supply agreement is a reflection of the demand for solventless concentrates," stated Embark's CEO, Dr. Luc C. Duchesne. "Building a strong supply relationship with AGLC is critical to the continued execution of our strategy and will allow Embark to efficiently fulfill orders and satisfy consumer demands for solventless concentrates in the province," concluded Dr. Duchesne.
Embark's next generation 2.0 product portfolio will continue to expand into the adult-use market in 2021 with the inclusion of the company's solventless concentrate products, (Rosin, DrySift and Pressed Hash), combined with the EmbarkNano beverages, topicals and edibles launching in 2021. Embark expects initial purchase orders and shipments of Embark's pure Bubble Hash to the AGLC to occur in the coming weeks. Solvents-based extracts are expected later in 2021.
About Embark Health Inc.
Embark Health Inc. is an emerging leader in cannabis extraction, with a focus on the formulation and production of advanced 2.0 products for the B2B and Adult-use markets. Embark continues to be at the forefront of production of solventless concentrate products including Bubble Hash, Traditional Pressed Hash, Rosin and Dry Sift. With the recent acquisition of Embark Nano (formerly, Axiomm Technologies Ltd.) Embark is preparing to launch the next generation of Cannabis 2.0 products. The acquired portfolio of products and formulations support the mass production and distribution of advanced 2.0 products including cannabis-infused beverages, topicals, edibles and water-soluble powders. For more information, please visit www.embarknano.com.
Embark's mandate is to pursue best in class production processes resulting in premium quality commercial and consumer extraction products. Embark is dedicated to unleashing the full potential of the cannabis plant through scientific approaches to extraction and the production of quality products to enhance everyday life. For more information, please visit www.embarkhealthinc.com.
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FORWARD LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable securities laws including statements regarding the future growth and profitability prospects for Embark, the demand for Embark's products, timing for the launch and sale of its products, the success of Embark's products in the market and the ability of Embark to successfully execute its business plan. Although Embark believes in light of the estimates by management, current conditions and expected future developments and other factors, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them. Accordingly, Embark can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in economic conditions or financial markets; regulatory delays; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. The statements in this press release are made as of the date of this release. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company.
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