Green Mountain Receives Cannabis Cultivation License from Health Canada

PENTICTON, BC – January 31, 2022 – Green Mountain Health Alliance Ltd. (the “Company” or “Green Mountain”), is pleased to announce a major landmark upon receiving its cannabis cultivation and medical sales license from Health Canada.  

“Obtaining a standard cultivation license represents a significant milestone for the business” said Green Mountain President & CEO, Wade Attwood. “This is the game-changer that opens the door to production and cash-flow. We’ve been preparing for this moment for some time now and we have already pre-sold our entire greenhouse space, half under contract for 12 months and the other half for 24 months. This is extraordinary by any measure and testament to the strength of the Green Mountain team. We expect to be in production within a couple of weeks and you will be able to follow our progress via our social media outlets. We continue to raise funds so that we can expedite the construction of phase 2 of our expansion plan and maximize our gross revenues.”

As a License Holder, the Company will be able to capitalize on the initiatives it has been developing since inception, including:
– Wholly owned online medical cannabis consulting platform Greener Life Medical (GLM). GLM is based out of Toronto with national coverage. GLM currently oversees over 400 medical patients.
– A symbiotic relationship with the investment arm of Canada’s largest Indigenous community representing a rare win-win for consumers and shareholders.
– Local retail opportunities in the Okanagan for high-end organic craft cannabis products. 
– Development of cannabis derived pharmaceutical products via research and clinical trials withSunnybrook Hospital (fully affiliated with theUniversity of Toronto). 
– Wholesale flower and oil opportunities allowing the business to get traction from the first crop onwards. 

“Thanks to our shareholders for their ongoing support. We look forward to growing the best organic cannabis possible and fulfilling the presold contracts we have in hand with leading national brands.” – Wade Attwood, Green Mountain President & CEO.

This update contains forward-looking statements, which include, but are not limited to, statements concerning Green Mountain Health Alliance Ltd. and our plans and projections. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, as more fully described in our filings on SEDAR.com. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

For more information about Green Mountain, please contact:
Wade Attwood
President
wattwood@gmtn.ca

For Green Mountain investor inquiries:
Michele Lise
Investor Relations
mlise@gmtn.ca

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.