FIGR Inc. subsidiary receives ACMPR cannabis cultivation license from Health Canada

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The licensed cannabis producer can now cultivate medicinal cannabis in Ontario

SIMCOE, ON, Oct. 1, 2018 /CNW/ - FIGR Inc. is pleased to announce its subsidiary, Goldleaf Pharm Inc. received its Access to Cannabis for Medical Purposes Regulations (ACMPR) cultivation license from Health Canada on September 28, 2018. With this license, Goldleaf Pharm is permitted to begin cultivating medicinal cannabis at its facility, located in Simcoe, Ontario.

"This is an important step, and an exciting time, for us at Goldleaf Pharm. We have a state of the art 20,000 square foot indoor growing facility, and recently acquired 20-acres of adjacent property, giving us the ability to expand to more than 700,000 square feet of production space to cultivate cannabis. I am very proud of our team, which has worked diligently to meet Health Canada's requirements," said Larry Huszczo, co-founder of Goldleaf Pharm.

This latest milestone follows shortly after an announcement by FIGR Inc. that its Charlottetown subsidiary, Canada's Island Garden Inc. (CIG), received approval from Health Canada for the sale of medicinal cannabis oils. CIG previously announced a supply agreement with the province of Prince Edward Island for 1,000 kilograms/kilogram equivalent of cannabis products.

Obtaining this cultivation license means FIGR Inc.'s two subsidiaries are now both licensed to produce medicinal cannabis in Canada. This places FIGR Inc.'s two subsidiaries in a position to produce recreational cannabis after October 17, when recreational cannabis is set to become legal in Canada.

More information about FIGR Inc.'s medicinal products can be found at www.canadasislandgarden.com 

About FIGR Inc.

FIGR is a holding company that owns majority stakes in two Canadian licensed cannabis producers, Canada's Island Garden, in Charlottetown, Prince Edward Island, and Goldleaf Pharm, in Simcoe, Ontario. FIGR is a wholly owned indirect subsidiary of Pyxus International Inc. (NYSE: PYX). The FIGR brand combines generations of farm wisdom with modern scientific rigor to challenge convention and imagine new possibilities. For more information, visit www.figrcannabis.com.

About Pyxus International Inc.

Pyxus International Inc. (NYSE: PYX) is a global agricultural company with 145 years' experience delivering value-added products and services to businesses and customers. Driven by a united purpose—to transform people's lives, so that together we can grow a better world—Pyxus International, its subsidiaries and affiliates, are trusted providers of responsibly-sourced, independently-verified, sustainable and traceable products and ingredients. For more information, visit www.pyxusintl.com.

SOURCE FIGR Inc.

Diana McLachlan, 647-334-8572