Grow Vivo Grow !!!!!! $$$$$$$VIVO Announces 50% Increase in Licensed Capacity and Third Licensed Site with New Innovative Seasonal Greenhouses Tuesday, August 06, 2019, 7:00 AM ET NAPANEE, ON, Aug. 6, 2019 /CNW/ - VIVO Cannabis Inc. (TSX-V: VIVO, OTCQX: VVCIF) ("VIVO" or the "Company") today announced that the Company's wholly-owned subsidiary, ABcann Medicinals Inc., has been granted a Standard Cultivation licence from Health Canada for its Kimmetts facility. Kimmetts, an innovative seasonal greenhouse site in Napanee, Ontario, is VIVO's third licensed production facility. Phase 1 of the planned development of Kimmetts includes four positive-pressure airhouse structures with 86,000 square feet of cultivation space. The new site will increase the Company's annualized cultivation capacity by 4,000 kilograms, bringing its total internal licensed capacity to over 12,000 kilograms. "This approval represents another significant milestone achievement for VIVO and a major step toward helping us reach our business goals," said Barry Fishman, CEO of VIVO. "I am extremely proud of our Napanee team demonstrating that innovation and a focus on quality are part of our DNA. Our team in Napanee, as well as the team at Health Canada, worked tirelessly during the approval process. We applaud Health Canada's efforts in playing a vital role in ensuring a safe cannabis supply chain for Canadians." The timing of the receipt of the licence for the Kimmetts facility corresponds with the additional extraction capabilities being brought on-line at VIVO's state-of-the-art Vanluven facility in Napanee. "The Kimmetts facility is expected to provide VIVO with high quality, low-cost cannabis flowers, as well as input material to create value-added products, such as edibles, extracts and concentrates needed for our collection of premium brands, including Beacon Medical(TM), Fireside(TM), Canna Farms(TM) and Lumina," stated Mr. Fishman. "Bringing significant extraction operations in-house to Napanee is expected to enhance VIVO's ability to broaden its intellectual property and product lines as well as enhance our competitive position in the market." VIVO expects to have year-end annualized cannabis cultivation capacity of 30,000 kilograms and 50,000 kilograms by 2020 and 2021, respectively. Third party suppliers are expected to add an additional 25,000 kilograms of capacity by year-end 2021. Additionally, the Napanee Operations will have extraction processing capacity of 50,000 kilograms by the end of the fourth quarter of 2019.