EVI's European Based Extraction Facility Initiates Hemp Processing
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2019) - EVI GLOBAL GROUP DEVELOPMENTS CORP. (CSE: EVI) ("EVI" or the "Company") is proud to announce it has begun the initial processing of hemp in its European based extraction facility.
The first step in extraction of CBD from industrial hemp is to take the whole plant and separate the seeds, leaves, stalks and flowers prior to the CBD extraction process. Only the flowers from the hemp plant are used to extract CBD. The Company has begun the separation process, stockpiling CBD rich flower for extraction. The facility is expected to have the capability to process over 1,000,000 pounds of hemp annually.
The facility has been designed to meet EU GMP certification. It is expected to have the capability of extracting up to 3,000 pounds of flower daily, making it the largest processor of finished market ready CBD molecules in Europe.
"As the global cannabis business matures through 2019 the necessity for efficient, scalable and professional cannabis extraction has become abundantly clear. Companies that can rise to the highest standards of extraction will likely have an advantage in 2019 and beyond," commented Jason Dussault, CEO of EVI.
"Almost weekly, one of our esteemed industry colleagues announces they're breaking ground on a large extraction facility that is still 12 to 18 months out. Our founders have been extracting cannabinoids for over five years and their knowledge and vision has given us first mover advantage in Europe."
"Our engineering staff's attention to detail, operating procedures, customized equipment and implementation has resulted in a unique extraction facility that is deploying an efficient extraction system unlike any other facility. I couldn't be more proud of our team."
As the Company completes the final steps of equipment placement and testing, it is expected to continue to process its hemp inventory in preparation for extraction.
For pictures, videos and more updates please visit The Stillcanna Report at www.thestillcannareport.com
For further information please contact: Jason Dussault, CEO, Director, EVI Global Group Developments Corp. E-mail: jason@stillcanna.com
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including the expected capacity of the facility to process 1,000,000 pounds of hemp annually, the facility's expected capacity to process 3,000 pounds of flower daily, the company will likely have an advantage in 2019 and beyond and that the facility is expected to continue to process its hemp inventory in anticipation of extraction are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the facility will have the capacity to process 1,000,000 pounds of hemp annually, the facility will have the capacity to process 3,000 pounds of flower daily, the Company will have an advantage in 2019 and beyond and that the facility will continue to process its hemp inventory in anticipation of extraction. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the facility will not function as expected by management of the Company and will not have the capacity to process 1,000,000 pounds of hemp annually, the facility will not function as expected by management of the Company and will not have the capacity to process 3,000 pounds of flower daily, the Company will not have an advantage in 2019 and beyond and that the facility will not continue to process its hemp inventory in anticipation of extraction. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange (CSE or CNSX Markets Inc), nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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