Emerald Health Expands Capabilities with Northern Vine Labs Deal -- CFN Media

SEATTLE, WA--(Marketwired - Nov 1, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and media network dedicated to legal cannabis, announces publication of an article covering Emerald Health Therapeutics Inc.'s (TSX VENTURE: EMH) (OTCQX: EMHTF) recent deal with Abattis Bioceuticals Corp. to acquire a controlling interest in Northern Vine Labs. The agreement could grow Northern Vine into a thriving center for analytical testing, genetic research and development, tissue culture, and proprietary medicinal and therapeutic formulations. As a Licensed Dealer, Northern Vine will also be able to export and import cannabis oils around the world, unlike ACMPR licensed producers.

Under the agreement, Emerald Health will invest $2.5 million to acquire 53% of Northern Vine and appoint three of four directors. Abattis will continue to hold the remaining 47% equity stake in Northern Vine and benefits from the deal in a variety of other ways. Meanwhile, Emerald Health plans to utilize Northern Vine for cannabis testing, product innovation, and potentially import/export capabilities for cannabis oils.

Broadening Licensing Capabilities
Emerald Health benefits from a Licensed Dealer that has much broader capabilities than a Licensed Producer when it comes to carrying out research and development, importing and exporting cannabis oils, and related activities. Northern Vine also provides exposure to the cannabis testing industry, as it currently provides LPs and registered patients with complete microbiology and chemical analyses to ensure product is safe and efficacious.

"Our acquisition of control of Northern Vine will set the wheels in motion on a number of strategic business opportunities that we have been nurturing," said Emerald Health Executive Chairman Avtar Dhillon, MD, in a press release announcing the deal. "We see tremendous synergies and opportunities to work with Abattis both on extraction and research and development of medicinal and therapeutic products."

In addition to the Northern Vine transaction, Emerald Health has been working to dramatically expand its cannabis production capacity with a new facility on its 32-acre property in Metro Vancouver and its partnership with Village Farms, which utilizes an existing 25-acre greenhouse complex that is being retrofitted to grow cannabis. The company is focused on high-quality product innovation particularly for wellness and medical benefit to set it apart from many licensed producers in the space that are focused on scale.