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Update for 2022 by Ayurcann Holdings

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9:00 AM ET, 01/20/2022 - GlobeNewswire

Toronto, Ontario, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Ayurcann Holdings Corp.(CSE: AYUR, OTCQB: CDCLF, FSE: 3ZQ0) (the “Company”), a leading Canadian cannabis extraction company specializing in the processing and co-manufacturing of pharma grade cannabis and hemp to produce various derivative cannabis 2.0 products in the medical and recreational market, is pleased to provide an update to its exponential growth throughout Canada.

AyurcannMarket segments

Capacity of over 300,000 kg of EXTRACTION & REFINEMENT, We offer Extraction and Refinement services including Bulk Extraction, Winterization and Fractional Distillation.

Over 300 Kg of THC and CBD inventory available for BULK OIL SALES, Providing a gold standard quality of bulk oil for manufacturers and brands into medical and recreational.

Working with 10 national and international brands for WHITE LABEL Product development AND commercialization, we have the knowledge and experience to successfully bring products to market.  

Results and Highlights

Ayurcann sold THC and CBD distillate containing over 1 billion milligrams of Cannabinoids into the Canadian market for Vapes, Tinctures, Topicals and Edibles, working with top selling brands throughout Canada.

Ayurcann entered Saskatchewan in Dec, with Fuego Vapes and Vida High potency Oils, now, #2 and #4 top selling Vapes in Saskatchewan* (*) Source: Headset

Ayurcann is entering and shipping into Ontario, Manitoba, Alberta, and New Brunswick, with the top selling Fuego Vapes, Vida Tinctures and Glow Topicals

Mr. Igal Sudman, CEO of Ayurcann, added: “We are thrilled to see our market penetration and revenues growing consistently. With new partnerships and board listings growing in various categories throughout Canada, we are proud to be one of the very few in our peer group showing consistent positive operating income we can confidently say that we fully expect to show continued profits, gain market share while building on our momentum.”

Mr. Sudman further commented on operational growth and entry into new markets; “we have increased bulk production up to 300,000 kilograms per year and have the ability to co-pack up to 3 million production products for the medicinal and recreational markets. We are confident in extracting value for our shareholders and gathering market share in the industry. We are confident that we will continue securing additional supply and manufacturing agreements with top-tier customers across the country, helping grow our top line revenues.”


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