EPHS Holdings Inc. (the Company or EPHS) (OTCQB:STNN), together with Joint Venture Partner, Merritt Valley Cannabis, is pleased to announce plans to commence work on its 56-acre expansion plan located in Merritt, British Columbia, Canada. Ground breaking is scheduled for early 2019 for the phase one of the 30,000 square foot state-of-the-art Cannabis Campus, which will consist of CBD and THC laboratory and extraction buildings, a research and development building, and individual hydroponic, and organic flower production facilities. The campus will be capable of producing 5,500 kilograms of cannabis per year.
Partnerships with industry giants, in both the energy and intellectual property (IP) sectors necessary for EPHS Holdings Inc. to become the industry leader for low cost cannabis production, will be announced while the Company is also in the final stages of securing a commercial cultivation license identified as a license for Access to Cannabis for Medical Purposes Regulation (ACMPR) from Health Canada.
CEO of Merritt Valley Cannabis, Stevan Perry, stated Our expansion plans and methodologies for Merritt Valley are based on industry experience and learned understandings.” Perry continued, “With the focus of coupling our high yield cultivation methods and IP with our industry leading low-cost energy rate, we are confident this will position us to be one of the lowest cost producers in the industry at $0.80/g CAD.”
Perry ended by stating “Having been the Vice President of Energy and Major Projects during the start-up and initial public offering phase of The Green Organic Dutchman Holdings Ltd. (US:TGODF) (TSX:TGOD), we feel it is vital for the next evolution of ACMPR companies to apply the successes and shared learnings as the industry continues to establish itself.”
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Funding for the Merritt Valley Cannabis Campus project is intended to occur without affecting the current share structure of the Company.
About EPHS Holdings Inc.
EPHS Holdings Inc., is a late stage ACMPR applicant. EPHS Holdings Inc. is a shareholder driven company and has a proven track record of increasing shareholder value by investing in disruptive businesses and in niche markets. EPHSs business and operational plan is to cultivate and distribute cannabis by securing a commercial cultivation license identified as a license for Access to Cannabis for Medical Purposes Regulation. The Company was founded in 2012 and is based in Boynton Beach, Florida.
Certain statements contained in this news release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting EPHS Holdings, Inc. and its business. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in the Company’s filings with the SEC, including, but not limited to, its Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The risk factors and other factors noted in the Company’s SEC filings could cause actual results to differ materially from those contained in any forward-looking statement.
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EPHS Holdings, Inc.
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