VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on
Wednesday announced its Q1 2019 financial and operating results. Among the
updates, the company outlined its strategy for continued capacity expansion and
production capabilities, having doubled its annual production capacity at both
its Hope, B.C. and Napanee, Ontario facilities in Q1 2019. “The first half of
2019 has been focused on increasing VIVO’s production capacity. With the recent
doubling of capacity at both our Canna Farms and Vanluven facilities, we have
been very successful in that regard,” VIVO President and CEO Barry Fishman said
in the news release. “Our goal has always been to increase long-term
shareholder value by establishing ourselves as a premium provider of cannabis
products and services. We are lowering our cost per kilogram through increased
production capacity, thereby realizing economies of scale.”
To view the full press release, visit http://ibn.fm/TSWfY
About VIVO Cannabis(TM)
VIVO Cannabis(TM), based in Napanee, Ontario, is recognized
for trusted, high-quality products and services. It holds production and sales
licenses from Health Canada and operates world-class indoor cultivation
facilities with proprietary plant-growing technology. VIVO has a collection of
premium brands targeting unique customer segments, including Beacon
Medical(TM), FIRESIDE(TM), Canna Farms(TM) and Lumina(TM). In August 2018, VIVO
acquired Canna Farms, a premium cannabis company based in Hope, 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. The Company is significantly expanding its production
capacity and pursuing partnership and product development opportunities
domestically, as well as in select international markets, including Germany and
Australia. VIVO also operates Harvest Medicine, a patient-centric and highly
scalable network of specialty medical cannabis clinics as well as a free
telemedicine app. VIVO has a healthy balance sheet and is well-positioned to
accelerate its growth in Canada and internationally. For more information,
visit the company’s website at www.VivoCannabis.com.
NOTE TO INVESTORS: The latest news and updates
relating to VVCIF are available in the company’s newsroom at http://ibn.fm/VVCIF
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