Green Mountain Health Alliance Progresses Through CTLS Intake Stage

ACMPR Applicant Successfully Migrates to Health Canada’s New Cannabis Tracking and Licensing System, Passes Initial Screening Phase

 

PENTICTON, BC – February 21, 2019 – Green Mountain Health Alliance Ltd., an upcoming socially responsible, low-cost, large-scale wholesale cannabis and hemp producer, has successfully completed a transfer to Health Canada’s newly created Cannabis Tracking and Licensing System (CTLS). Due to changing legislation following cannabis legalization on October 17, 2018, Green Mountain – and all other original applicants under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) – was required to migrate its application to the CTLS. Green Mountain has progressed through the initial intake and screening phase and has moved into the review queue.

In accordance with the Cannabis Act, Health Canada’s CTLS is a public facing web application that tracks medical and recreational cannabis business, enabling the submission of new license applications, requests for amendments and license renewals, and the submission of monthly tracking reports. There are currently over 600 applications in the queue.

Progressing through the initial intake stage of the CTLS framework is a great sign, as this places Green Mountain in a position to resume previous priority review by Health Canada,” said Green Mountain President, Wade Attwood. “Health Canada has recently increased their capacity to review and process applicants and so we are hopeful that with these additional resources, and with our newly appointed Health Canada Indigenous Navigator, our application will continue to progress relatively quickly.

Formed in the fall of 2017 to pursue an application to become a licensed cultivator and processor of cannabis under Health Canada’s ACMPR program, Green Mountain has secured two properties in the Okanagan Valley in BC. The first phase of production is set to begin on a 16-acre parcel in Kaleden, British Columbia, with the first stage of greenhouse construction anticipated to be complete in the spring of 2019. Green Mountain has also completed a Letter of Intent (LOI) to lease a 98-acre parcel of Indigenous agricultural land.

Once licensed by Health Canada, the Company will grow cannabis and hemp plants, sell nursery stock, harvest and sell dried cannabis and hemp flower, and process and sell cannabis derivatives. The company has a strong commitment to social responsibility with Indigenous partnerships providing the foundation of its business.

About Green Mountain Health Alliance Ltd.

Located in the Okanagan Valley, BC’s best cannabis growing area, Green Mountain is progressing towards becoming one of Canada’s leading, socially responsible, low-cost, large-scale wholesale cannabis and hemp producers. Our team of employees, proven industry experts, and Indigenous partners are working to ensure we will provide safe, sun-grown, high-quality cannabis and hemp using environmentally sustainable cultivation methods and greenhouse technology.

As a wholesale, high-volume, low-cost producer, Green Mountain is ideally positioned to fill a market gap; providing the expanding Canadian medical and recreational cannabis industry with consistently high-quality product utilizing superior genetics. The company has secured over 100 acres with the potential for over 1,000,000 square feet of growing space. For more information, visit https://greenmountainhealthalliance.com/.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.

For more information, please contact:

Green Mountain:

Wade Attwood, President

1-833-291-GMTN

wattwood@greenmountainhealthalliance.com

FREQUENTLY ASKED QUESTIONS

FAQs

It depends on the province. Most require you to be 19. Alberta's minimum age is 18 and Quebec's is 21.

Our full legal name, which appears on our licences and formal documents, includes “Health Alliance,” while our trade name is Green Mountain.

Our operations are based in the Okanagan region of British Columbia, which features heavily wooded surroundings, clean air and spring water.

Our cultivation and production teams are led by plant scientists, including an agriculture Hall of Famer. Every input is carefully reviewed and adjusted to support consistent products. See our Latest News section for in-depth articles exploring our processes.

Terpenes contribute to the aroma and flavour profile of cannabis. The dry climate of the Southern Okanagan supports terpene expression in our flower. Our products typically test in the 2–4% range.

We draw irrigation water from our on-site aquifer. The spring water is structured using a Schauberger vortex. The device mimics how water naturally swirls in a mountain stream, which some growers believe helps plants absorb it more efficiently. All our flower is hang-dried and non-irradiated unless required by law.

Our products are carried by authorized retailers in British Columbia, Ontario, Saskatchewan, Alberta, and Manitoba.

Yes, provided you meet the age restrictions of the provinces you are visiting and do not carry more than the 30-gram limit.

All our products undergo mandatory Government approved laboratory testing for potency, terpene levels, pesticides, heavy metals and contaminants in accordance with Health Canada requirements.

Being vertically integrated allows us to manage the full process from cultivation to market without needing to trust third-party intermediaries.

No. Impairment laws are strict. Check your local laws when it comes to driving or operating machinery after using cannabis.

Our largest shareholder is the Manitoba Metis Federation (MMF). We are aligned with their values of purity and social cohesion.

Tourists who meet the legal age requirement in the province where they are located may purchase cannabis. Cannabis cannot be taken across international borders, including to the United States.

Start low and go slow. Speak with a budtender or review the summaries in our Product Portfolio.