{"id":417938,"date":"2021-01-20T11:08:17","date_gmt":"2021-01-20T16:08:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=417938"},"modified":"2021-01-20T11:08:17","modified_gmt":"2021-01-20T16:08:17","slug":"canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/","title":{"rendered":"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales"},"content":{"rendered":"
\n

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.<\/p>\n

TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Canada Coal Inc. (\u201cCanada Coal<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) (TSXV: CCK.H) is pleased to announce that Ayurcann Inc. d.b.a XTRX Solutions Inc. (\u201cAyurcann<\/strong>\u201d) has obtained an amendment to its standard processing licence (the \u201cAmended Licence<\/strong>\u201d) from Health Canada which allows Ayurcann to sell extracts, edibles, and topical products directly to provincial and territorial retailers across Canada. On November 24, 2020, Ayurcann and the Company entered into a definitive business combination agreement to effect a reverse takeover of the Company, the details of which are disclosed in the Company\u2019s press release dated November 25, 2020.<\/p>\n

The Amended Licence allows Ayurcann to create new direct relationships with the provincial cannabis boards to list new product SKUs, as well as to open additional revenue streams to produce and white label new finished cannabis products for the growing number of licensed producers and popular brands across the country.<\/p>\n

\u201cAyurcann\u2019s licensing achievement is a significant milestone, and is a testament not only to the talent within the organization, but its laser-focus on customer service and the production of high-quality, consistent cannabinoid extractions for licensed producers and third-party brands in Canada,\u201d commented Igal Sudman, Co-founder and Chief Executive Officer of Ayurcann.<\/p>\n

\n Description of Ayurcann and its Business <\/strong>\n <\/p>\n

Ayurcann is a leading provider of customized post-harvest outsourcing solutions to licensed cannabis producers. Ayurcann concentrates on the post-harvest requirements of licensed cannabis producers and other brands looking to enter the cannabis market. Ayurcann offers end-to-end full outsourcing solutions including extraction, refinement, formulation, packaging, fulfillment and distribution.<\/p>\n

\n Cautionary Statements and Forward Looking Information<\/strong>\n <\/p>\n

Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.<\/p>\n

\n This news release contains \u201cforward-looking information\u201d within the meaning of applicable securities laws and such statements, including, but not limited to, statements regarding Ayurcann\u2019s ability to create new direct relationships with the provincial cannabis boards to list new product SKUs, Ayurcann\u2019s ability to open additional revenue streams, and Ayurcann\u2019s ability to produce and white label new finished cannabis products for the growing number of licensed producers and popular brands across the country, as well as information relating to Ayurcann. These forward-looking statements are not representative<\/em>
\n of<\/em>
\n historical<\/em>
\n facts<\/em>
\n or<\/em>
\n information<\/em>
\n or<\/em>
\n current<\/em>
\n condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as \u201cplans\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, \u201cforecasts\u201d, \u201cintends\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d,<\/em>
\n or<\/em>
\n \u201cbelieves\u201d,<\/em>
\n or<\/em>
\n variations<\/em>
\n of<\/em>
\n such<\/em>
\n words<\/em>
\n and<\/em>
\n phrases<\/em>
\n or<\/em>
\n may<\/em>
\n contain<\/em>
\n statements<\/em>
\n that<\/em>
\n certain<\/em>
\n actions,<\/em>
\n events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill be taken\u201d, \u201cwill continue\u201d, \u201cwill occur\u201d or \u201cwill be<\/em>
\n achieved.\u201d Readers are cautioned to not place undue reliance on forward-looking information.<\/em>\n <\/p>\n

\n By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The following represents forward-looking information and users are cautioned that actual results may vary. There is a risk that Ayurcann will not have the necessary financial and labour resources to create new direct relationships with provincial cannabis boards, create new SKUs, open additional revenue streams, and white label new finished cannabis products. The information about Ayurcann contained in the press release has not been independently verified by Canada Coal. Although Canada Coal believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Canada Coal can give no assurance that they will prove to be correct.<\/em>\n <\/p>\n

\n Canada Coal and Ayurcann caution that the foregoing list of material factors is not exhaustive. The<\/em>
\n forward-looking<\/em>
\n statements<\/em>
\n contained<\/em>
\n in this press release represent Canada Coal\u2019s and Ayurcann\u2019s expectations as of the date of this press release and are subject to change<\/em>
\n after<\/em>
\n such<\/em>
\n date.<\/em>
\n Canada Coal and Ayurcann have<\/em>
\n no<\/em>
\n intention,<\/em>
\n and<\/em>
\n undertake<\/em>
\n no<\/em>
\n obligation<\/em>
\n to<\/em>
\n update<\/em>
\n or<\/em>
\n revise<\/em>
\n any<\/em>
\n forward- looking<\/em>
\n statements,<\/em>
\n whether<\/em>
\n as<\/em>
\n a<\/em>
\n result<\/em>
\n of<\/em>
\n new<\/em>
\n information,<\/em>
\n future<\/em>
\n events<\/em>
\n or<\/em>
\n otherwise,<\/em>
\n except<\/em>
\n as<\/em>
\n required<\/em>
\n by<\/em>
\n law.<\/em>\n <\/p>\n

\n For more information, please contact:<\/strong>\n <\/p>\n\n\n\n\n
\n CANADA COAL INC.<\/strong>\n <\/td>\n\n AYURCANN INC.<\/strong>\n <\/td>\n<\/tr>\n
\n
Olga Nikitovic, Interim CEO
Telephone: 905-813-8952<\/p>\n<\/td>\n		\n
Igal Sudman, CEO
Telephone: 905-492-3322 x 301<\/p>\n<\/td>\n<\/tr>\n
Email: olga.nikitovic@sympatico.ca<\/td>\nEmail: igal@xtrx.ca<\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Canada Coal Inc. (\u201cCanada Coal\u201d or the \u201cCompany\u201d) (TSXV: CCK.H) is pleased to announce that Ayurcann Inc. d.b.a XTRX Solutions Inc. (\u201cAyurcann\u201d) has obtained an amendment to its standard processing licence (the \u201cAmended Licence\u201d) from Health Canada which allows Ayurcann to sell extracts, edibles, and topical products directly to provincial and territorial retailers across Canada. On November 24, 2020, Ayurcann and the Company entered into a definitive business combination agreement to effect a reverse takeover of the Company, the details of which are disclosed in the … <\/p>\n

Continue reading “Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-417938","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCanada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Canada Coal Inc. (\u201cCanada Coal\u201d or the \u201cCompany\u201d) (TSXV: CCK.H) is pleased to announce that Ayurcann Inc. d.b.a XTRX Solutions Inc. (\u201cAyurcann\u201d) has obtained an amendment to its standard processing licence (the \u201cAmended Licence\u201d) from Health Canada which allows Ayurcann to sell extracts, edibles, and topical products directly to provincial and territorial retailers across Canada. On November 24, 2020, Ayurcann and the Company entered into a definitive business combination agreement to effect a reverse takeover of the Company, the details of which are disclosed in the … Continue reading "Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-20T16:08:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODg3NyMzOTM3NDg0IzIwODI0NjU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales\",\"datePublished\":\"2021-01-20T16:08:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\\\/\"},\"wordCount\":817,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEzODg3NyMzOTM3NDg0IzIwODI0NjU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\\\/\",\"name\":\"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales - 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TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Canada Coal Inc. (\u201cCanada Coal\u201d or the \u201cCompany\u201d) (TSXV: CCK.H) is pleased to announce that Ayurcann Inc. d.b.a XTRX Solutions Inc. (\u201cAyurcann\u201d) has obtained an amendment to its standard processing licence (the \u201cAmended Licence\u201d) from Health Canada which allows Ayurcann to sell extracts, edibles, and topical products directly to provincial and territorial retailers across Canada. On November 24, 2020, Ayurcann and the Company entered into a definitive business combination agreement to effect a reverse takeover of the Company, the details of which are disclosed in the … Continue reading \"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-20T16:08:17+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODg3NyMzOTM3NDg0IzIwODI0NjU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales","datePublished":"2021-01-20T16:08:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/"},"wordCount":817,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODg3NyMzOTM3NDg0IzIwODI0NjU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/canada-coal-announces-ayurcann-receipt-of-amendment-to-standard-processing-licence-to-allow-for-sales\/","name":"Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales - 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