Experion Biotechnologies Inc. Receives License to Sell

Vancouver, British Columbia – Viridium Pacific Group Ltd. is pleased to announce that its wholly-owned subsidiary, Experion Biotechnologies Inc. (“Experion”), has received its sales license from Health Canada pursuant to the Access to Cannabis for Medical Purposes Regulations (“ACMPR”).

The sales license is the product of continuous and focused work since Experion received its License to Produce on August 18, 2017. Receipt of the sales license makes Experion only the 62nd of 115 Licensed Producers (“LP” or “LPs”) that are approved to distribute medical marijuana. This milestone was reached through the collaborative efforts of Health Canada, Experion’s operational team, various third-party partners and suppliers, and the management and Board of Viridium.

“We are thrilled to have received our License to Sell,” commented Jarrett Malnarich, Chief Executive Officer of Viridium. “Our team has stayed focused and diligent over the past year on the way to this critical milestone. Experion was one of 22 companies to be approved as a LP by Health Canada in 2017, and we are proud to now say that we are one of a handful receiving a sales license before the Cannabis Act takes effect.” Mr. Malnarich continued, “Now that we have our sales license in hand, we’ll be moving forward aggressively with commercialization efforts alongside our on-site expansion.”

With receipt of the License to Sell, Experion is now authorized to distribute medical marijuana in dried flower format to other Licensed Producers and similarly licensed entities, as well as export, on a wholesale basis. Furthermore, it allows Experion to move forward with supply agreements for its existing and upcoming inventory and generate revenue. Experion continues to engage in discussions with prospective wholesale buyers and provincial distributors for immediate supply.

Bob Howard and Sean MacNeil, founders of Experion, further commented, “We see this as the Company’s most significant milestone to date. The development over the last five years from a concept to a dynamic young company brings us immense pride in the people on the ground and clear direction in our future. The next steps that Viridium takes will be even more exciting and continue to build off the foundation of great decisions that have already been laid.”

 

About Viridium

Viridium Pacific Group Ltd. is a consumer wellness and biotech innovation company based in British Columbia, and the parent company of operating subsidiaries involved in the horticultural production, (Experion Biotechologies Inc.) property development (Fish Trap Ventures Ltd.), and human resource management (Stave Lake Services Ltd.) Experion Biotechnologies Inc., is a Health Canada licensed producer of cannabis, which operates in an 8,300 square-foot indoor facility outside of Mission, BC.

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