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Experion Holdings ships additional new cannabis product to British Columbia's distribution agency

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This new product called “MAC 1” under its brand, Citizen Stash, is now available in British Columbia and is considered one of Experion’s premium products.

Additional Information:

Company: Experion Holdings Ltd.
Website: http://www.ExperionWellness.com
Stock Symbol: TSXV: EXP
Date Published: Dec 4, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Experion Holdings Ltd. announced its wholly-owned subsidiary Experion Biotechnologies, a Health Canada licensed cultivator and processor of Cannabis, has shipped its third adult-use strain.

This new product called “MAC 1” under its brand, Citizen Stash, is now available in British Columbia and is considered one of Experion’s premium products.

This premium strain is hand cultivated in small batches in a controlled environment allowing the plant to flourish under ideal conditions.

This first harvest achieved just under a 30% THC rating with a very desirable terpene profile creating the ultimate flower experience.

Management believes that premium flower products are now being recognized and sought after by discerning consumers, as opposed to the lower quality flower currently flooding the market, and therefore the company’s premium cannabis strains are able to achieve a higher price point that in turn maximizes the company’s margins.

Experion is continuously investing in its genetic bank and brands to ensure a continual first to market supply of new and exciting products.

The company is partnered with BCIT’s Natural Health & Food Products Research Group which holds a controlled substance dealer’s licence.

Under the terms of the agreement BCIT will supply specific phenotypic medical cannabis chemovars to Experion for cultivation and harvesting in support of BCIT’s research program.

Experion will have exclusive rights to the genetic outcomes of BCIT’s work to be commercialized for the medical and recreational markets.

Jay Garnett, CEO, stated: “We are proud of our cultivation team lead by Liam McKenzie (named top 5 grower in Canada at the recent Canadian Cannabis Awards) as they continue to lead the industry in quality. Our initial harvest of MAC 1 tested off the charts and is achieving wholesale pricing rarely seen in the market.”

The company’s 10-acre state-of-the-art production and fulfillment center is located at Slave Lake, British Columbia.

The shares are trading at $0.105.

For more information please visit the company’s website at www.ExperionWellness.com, contact Investor Relations at 604-340-3621 or email IR@ExperionWellness.com.

I’m Cassandra Bolinski for Investmentpitch Media