Greenway Receives International Cannabis Accreditation
- Greenway received CUMS-GAP and GACP certification for its cultivation facility in Leamington, Ontario.
- The certifications open up international sales opportunities for Greenway.
- The Company is in discussions with international cannabis purchasers to expand its market reach.
- Greenway's goal is to make international sales a significant part of its revenue makeup.
- The cultivation facility has an annual capacity of 24,000 kg and is designed for high-quality, low-cost production.
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The Company has entered into conversation with multiple different international cannabis purchasers, including current wholesale customers who already have established international sales routes, opportunities, and demand.
"Receiving these certifications opens up a whole new world of opportunities for Greenway. We have been talking to companies that export into multiple countries around the world, who are eager to work with us to bring Greenway's cannabis to the global market," said Jamie D'Alimonte, CEO of Greenway. "With our most recent expansion, we are able to scale up production to meet any new demand for our product internationally. These new sales opportunities should help us increase our revenue, gross margins, and be a key cog in achieving true profitability."
"Canadian medical cannabis is highly regarded, and in great demand around the world," said Carl Mastronardi, President of Greenway. "The export market offers new sales routes for our high-quality products, which we believe may lead to Greenway receiving a higher average sales price than the current domestic market will support. Our goal is for international sales to becomes a regular and significant part of our revenue makeup."
Greenway's cultivation facility is designed for high-quality, low-cost production, and has an annual cultivation capacity of 24,000 kg. The The CUMS-GAP certificate and GACP compliance certificate follows the WHO and EMA GACP guidelines, with the certification being completed through Control Union. These certifications mean that all cannabis that begins to be grown, as of April 17, 2024, meets the criteria to be distributed to certain countries outside
Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in
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This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding the Offering and the intended use of proceeds thereof, and the Company's beliefs, plans, expectations, future, strategy, objectives, goals and targets, the development of future operations, and orientations regarding the future as of the date of this news release. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward- looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.
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SOURCE Greenway Greenhouse Cannabis Corporation
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