Emerald Health acquires 6.51% holding in Vanc Pharma


Emerald Health Therapeutics Inc. acquired today 1,666,6667 units of Vanc Pharmaceuticals Inc. of Suite 810 789 West Pender St., Vancouver, B.C., V6C 1H2, at a price of 15 cents per unit pursuant to a private placement offering. Each unit consists of one common share of Vanc and one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional share for a period of 60 months at an exercise price of 20 cents.

Immediately before the transaction, the company had ownership of nil shares. Following the transaction, the company held ownership of 1,666,667 shares representing approximately 6.51 per cent of the issued and outstanding shares. The company also holds 1,666,667 share purchase warrants for the purchase of an additional 1,666,667 shares. Assuming the exercise of the warrants, the company would own a total of 3,333,334 shares, or approximately 12.23 per cent of Vanc’s then-issued and -outstanding share capital assuming no other shares are issued.

Emerald acquired the units for investment purposes. The company may sell its shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 — Early Warning System and Related Takeover Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by Emerald in connection with the acquisition of the units is available on Vanc’s SEDAR profile, and it can also be obtained directly from the company.

About Emerald Health Therapeutics Inc.

Emerald Health Therapeutics operates through Emerald Health Botanicals Inc., a wholly owned subsidiary and licensed producer under Canada’s Access to Cannabis for Medical Purposes Regulations. Botanicals is authorized to produce and sell dried medical cannabis flower and medical cannabis oil. It currently operates an indoor facility in Victoria, B.C., and is building a 150,000-square-foot hybrid greenhouse on 32 acres in Metro Vancouver, with the potential to expand this facility to one million square feet to address the needs of the legal Canadian recreational cannabis market. Botanicals has also entered into a partnership with Village Farms to convert an existing 1.1-million-square-foot greenhouse in Delta, B.C., from growing tomatoes to growing cannabis.

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