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Figr, Inc. widens its reach in eastern Canada with product available in New Brunswick by mid-June
CHARLOTTETOWN, June 13, 2019 /CNW/ - Figr, Inc., a vertically-integrated legal Canadian cannabis company, is pleased to announce its products will be available for sale in New Brunswick by mid-June. Figr products, including FIGR No. 5, FIGR No. 10, and FIGR No. 17, in both dried flower and pre-roll format, as well as FIGR No. 1 and FIGR No. 9 oils, will be sold in all 20 Cannabis NB retail stores and online at cannabis-nb.com.
"We are thrilled to be partnering with Cannabis NB to provide New Brunswickers with our handcrafted cannabis," said Harvey Carroll, President of Figr, Inc. "Our presence in Nova Scotia and P.E.I. has had a positive impact on the local economy in both provinces, and we are optimistic the same will be said for New Brunswick."
Figr's flower, pre-roll, and oil products will be offered in its three lines: Artisan, Figr's pre-milled flower product; Craft, which contains whole bud flower; and Master, Figr's premium buds. In addition, New Brunswickers will have access to product details through the SENTRI? track-and-trace platform. Customers can access more information about the capabilities of SENTRI? on figr.com.
"Figr products have been well-received in both Nova Scotia and Prince Edward Island, and we're excited to bring our products to another east coast market," said Daryl Ralph, Vice President, Sales, Figr, Inc. "Islanders and Nova Scotians say it's important to know where their cannabis is grown and processed – we believe the same will be true in New Brunswick and that is what the SENTRI? track-and-trace platform will bring to the region."
Figr's products are currently available at 12 NSLC (Nova Scotia Liquor Corporation) retail locations, four PEICMC (Prince Edward Island Cannabis Management Corporation) retail locations, and online on their respective websites. The introduction of Figr products in New Brunswick is expected to result in retail distribution growth from 16 to 36 stores across Nova Scotia, P.E.I., and New Brunswick.
About FIGR, Inc.
FIGR is a vertically integrated legal cannabis company headquartered in Toronto, Ontario, that operates under one sole purpose: to put character into everything it does. Figr cannabis is sourced from the company's two licensed subsidiaries located in Charlottetown, Prince Edward Island, and Simcoe, Ontario. Figr is a wholly-owned indirect subsidiary of Pyxus International, Inc. (NYSE: PYX). For more information, visit www.figr.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. Such statements include, but are not limited to, statements about future plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results may differ materially from those currently anticipated expected or projected. The following factors, among others, could cause actual results to differ from those expressed or implied by the forward-looking statements: changes in laws and regulations or the interpretation of laws and regulations, continued compliance with applicable regulatory requirements and, uncertainties with respect to the timing and extent of facilities expansion. Additional factors that could cause results to differ materially from those expressed or implied by forward-looking statements can be found in Pyxus's most recent Annual Report on Form 10-K for the period ended March 31, 2018 and the other filings with the Securities and Exchange Commission (the "SEC") which are available at the SEC's Internet site (http://www.sec.gov).
SOURCE FIGR Inc.