Bonify to Bring New High Growth Cannabis Products to Market

Bonify Receives Health Canada Approval for Oil Possession and Production License
and Expansion to Its Growing Operations in Winnipeg

WINNIPEG, Oct. 19, 2018  /CNW/ - Winnipeg-based licensed cannabis producer Bonify has received its oil possession and production license which opens up a significant market opportunity in high-margin concentrates and furthering its vision of improving the lives of our customers with innovative cannabis derived products, such oil drops, gel caps and capsules, creams, edibles and sprays among others to the Canadian market. Cannabis oil consumption is growing at five times the rate of flower sales and Bonify is now well-positioned to tap into this market.

To support the expansion of new oil-based products, Bonify has entered into two long term supply agreements, one with a Canadian partner and another with an Australian partner, which will provide over 5,500 KG per annum at competitive prices. This volume is in addition to Bonify's internal production capabilities which continues to expand.

These supply agreements will further the company's expansion plans to bring a full and diverse product line to a global market.

In addition to today's milestones, Bonify has also commenced shipping cannabis product to numerous recreation retail partners in two provinces.

About Bonify

Bonify is a Canadian-owned Licensed Producer and leading provider of medical and recreational cannabis operating out a 325,000 square foot indoor hydroponic facility. By maximizing research findings and strictly adhering to best-in-class practices, quality standards and procedures, Bonify helps individuals get the most out of life each and every day. For more information, visit www.bonify.com.

SOURCE Bonify

Media inquiries about Bonify: Natali Tofiloski, T:[phone], E: [email protected]