Emblem supply to reach four key provinces
TORONTO, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Emblem Corp. (TSXV: EMC,
OTCQX:EMMBF) (“Emblem” or the "Company") today announced that its wholly-owned subsidiary, Emblem
Cannabis Corporation, one of Canada’s leading licensed producers of medical cannabis, has received approval to supply British
Columbia and Saskatchewan with premium cannabis products under Emblem’s adult-use brand, Symbl.
In B.C., Emblem has been approved to supply cannabis to the BC Liquor Distribution Branch (“BCLDB”) – the sole, wholesale
distributor of non-medical cannabis for the province that will operate standalone, public retail stores and provide online sales.
In Saskatchewan, Emblem has been approved by the Saskatchewan Liquor and Gaming Authority (“SLGA”) to supply cannabis to the
province’s private retail market. A curated range of Symbl-branded dried flower strains and premium cannabis oils are expected to
be available in both provinces over the coming months.
“B.C. and Saskatchewan are important markets for Emblem’s continued domestic growth plans and we look forward to working with
each province as a trusted partner to supply consumers with high-quality cannabis products that will meet their needs now and into
the future,” said Nick Dean, CEO, Emblem Corp. “Emblem is focused on building a business for the long-term through product
innovation, developing strong brands and enhanced distribution. With supply approvals in place across four key provinces – which
also includes Ontario and Alberta – we continue to expand Emblem’s footprint and open up additional markets for our brands and
products.”
“Leveraging Emblem’s existing strength in the medical market, we’re excited to introduce consumers in B.C. and Saskatchewan of
legal age to Symbl. Symbl was created to offer a thoughtful brand experience for those seeking cannabis for recreational use that
fits within a balanced lifestyle,” said Maria Guest, CMO, Emblem Corp. “Symbl is the first of several brands that Emblem intends to
create to target a number of diverse consumer segments. As Canadians begin to navigate the new cannabis landscape, we believe that
Symbl will become an established source for product information and cannabis education. We look forward to working with both
provinces to build the foundation for a safe and responsible marketplace for consumers.”
Emblem has delivered in full its committed quantities to provincial wholesalers in Ontario and Alberta, meeting critical
deadlines for the launch of cannabis legalization on October 17, 2018.
About Symbl
Upon legalization for adult-use, Symbl will offer a range of select strains in dried flower and cannabis oil. The line will cater
to the full spectrum of Canadians who plan to explore the legal cannabis landscape. Symbl is the first brand in the adult-use
cannabis division of Emblem. For more information, please visit www.symbl.ca.
About Emblem
Emblem, through its wholly-owned subsidiary Emblem Cannabis Corporation, is a fully integrated licensed producer and distributor of
medical cannabis and cannabis derivatives in Canada under the Access to Cannabis for Medical Purposes
Regulations (ACMPR). Emblem’s state-of-the-art indoor cannabis cultivation facility and research and development
laboratory is located in Paris, Ontario. Led by an experienced management team of healthcare executives, accomplished marketing
professionals, and cannabis experts, Emblem is focused on driving shareholder value through product innovation, brand relevance,
and access to patient and consumer channels. Emblem is also the parent company of GrowWise Health Limited, one of Canada’s leading
cannabis education services. Emblem trades under the ticker symbol EMC on the TSX Venture Exchange. For more information, please
visit www.emblemcorp.com.
For media inquiries, please contact:
Morgan Cates
H+K Strategies
416.413.4649
Morgan.cates@hkstrategies.ca
For investor inquiries, please contact:
Ethan Karayannopoulos
Investor Relations
Emblem Corp.
647.748.9696
ethank@emblemcorp.com
Alex Stojanovic
Chief Financial Officer
Emblem Corp.
416.923.1331
alexs@emblemcorp.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein
as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of
present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the
use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing",
"estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting
future outcomes. Management of the Company believes the expectations reflected in such forward-looking statements are reasonable as
of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking
statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions
or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on
information currently available to the Company, including data from publicly available governmental sources as well as from market
research and industry analysis and on assumptions based on data and knowledge of this industry which Emblem believes to be
reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics,
such data is inherently imprecise. While Emblem is not aware of any misstatement regarding any industry or government data
presented herein, the medical marijuana industry involves risks and uncertainties and is subject to change based on various
factors.
Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and
unknown risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual
performance and results to differ materially from any projections of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include, but are not limited to, the risks identified in the Company's
December 31, 2017 Management's Discussion and Analysis, which has been filed with the Canadian Securities Administrators and
available on www.sedar.com. Any forward-looking statements are made as of the date hereof and, except as required by law, the
Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
Neither the 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 press release.
