Ayurcann Holdings Corp. Provides Corporate Overview

TORONTO, April 15, 2021 (GLOBE NEWSWIRE) -- Ayurcann Holdings Corp. (CSE: AYUR) (the “Company” or “Ayurcann”), which recently listed its common shares on the Canadian Securities Exchange (the “CSE”), would like to provide current and prospective investors with a corporate overview on the Company and its operations.

Introduction to Ayurcann Holdings Corp., and its Manufacturing Division o/a Ayurcann Inc.

Ayurcann is a cannabis extraction and white label product manufacturing company focused on the Canadian market. Ayurcann offers turn-key extraction, product formulation and manufacturing solutions to Canadian LPs and cannabis brands. The Company operates out of Pickering, Ontario, within a proximity to over 100 licensed cannabis producers (“LPs”), with annual capacity to process 200,000 kg of biomass.

Company Highlights

• Seasoned management team led by 2 founders with strong entrepreneurial backgrounds.
• Fully built-out extraction and manufacturing facility with a focus on high margin extract products.
• Granted an R&D license in August 2019 to start formulation and IP development.
• Granted a Standard Processor License in January 2020 and offering scalable white label production and toll processing solutions to several top Canadian LPs and cannabis brands.
• A facility strategically located in Pickering, Ontario within driving distance to over 100 Ontario-based LPs.
• Commencement of expansion into Phase II space offers the ability to broaden white label offering and fulfillment capabilities.
• Granted an Amendment to the “Standard Processing Licence” to allow for sales in January 2021.
• Current capacity to process 200,000 kg/year of cannabis biomass.
• Current yearly capacity for co-packaging of over 1 million vape and tincture filling.
• Expansion potential to double capacity with Phase 2 depending on market demand.

Key Strategy

Ayurcann believes that it is targeting an underserved market, which is currently dominated by a handful of larger players focused on toll processing and white label solutions for large Canadian LPs. Ayurcann believes that this leaves small and mid-sized companies that do not have in-house extraction, manufacturing or product formulation capabilities with limited options. Ayurcann has secured orders with both publicly-listed Canadian LPs and several private LPs.