FIGR, Inc. subsidiary receives Health Canada license to sell cannabis oils

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The licensed cannabis producer can now sell medicinal cannabis oils in Canada

CHARLOTTETOWN, Sept. 11, 2018 /CNW/ - FIGR, Inc. is pleased to announce its subsidiary, Canada's Island Garden (CIG), has received approval from Health Canada for its most recent license amendment request, allowing for the sale of medicinal cannabis oils. The license is issued through Health Canada, pursuant to the Access to Cannabis for Medical Purposes Regulations. The sales license authorizes CIG to sell medicinal cannabis oil products. The company previously received its sales license for dried cannabis (flower) on February 7, 2017.

"Securing our license to sell cannabis oils marks a significant milestone for our company. As the only licensed producer in Prince Edward Island, we can now participate in the derivative cannabis market by further expanding our product line for patients and offering an alternative to inhaled products," said Edwin Jewell, president of CIG.

"Our team has been working diligently to meet Health Canada's requirements. We are very excited to move into the next phase of our growth. Obtaining this license means we can now sell both medicinal dried cannabis and medicinal cannabis oil products."

CIG previously announced a supply agreement with the province of Prince Edward Island for 1,000 kilograms/kilogram equivalent of cannabis products, which will now include cannabis oils.

More information about our products can be found at www.canadasislandgarden.com  

About FIGR, Inc.

FIGR is a holding company that owns majority stakes in two Canadian cannabis producers, Canada's Island Garden, a licensed producer in Charlottetown, Prince Edward Island, and Goldleaf Pharm, a late-stage licensed producer applicant in Simcoe, Ontario. FIGR is a wholly owned indirect subsidiary of Alliance One International (NYSE: AOI). 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 Alliance One International, Inc.

Alliance One International (NYSE: AOI) is an agricultural company that delivers value-added products and services to businesses and customers, and is a trusted provider of responsibly sourced, independently verified, sustainable and traceable products and ingredients.

SOURCE FIGR Inc.

Diana McLachlan, 647-334-8572