CannaPiece Corp. Receives Processing and Sales Licence from Health Canada

MARKHAM, ON, March 3, 2020 /CNW/ - CannaPiece Corp. ("CannaPiece" or the "company") is pleased to announce it has been granted its Standard Processing and Sale for Medical Purposes Licence (the "licence") from Health Canada on February 28, 2020.

The licence authorizes CannaPiece Corp. to immediately begin the processing and manufacturing of cannabis and hemp products at their state-of-the-art, 50,000 sq. ft. facility located in Pickering, Ontario.

"We have been waiting anxiously for our licence and are ready to play a significant role in the newly established legal cannabis 2.0 market," said Ray Ahmad Rasouli, CEO of CannaPiece Corp. "The licence marks only the beginning for our company, and we are excited by the opportunity to work with licensed producers whose visions align with ours ? to deliver high calibre cannabis products to consumers."

The Pickering facility will provide complete solutions for licensed producers seeking top of the line services such as R&D, product development, third-party processing, flower packaging, large-scale extraction, production of edibles, topicals and concentrates as well as white-labeled products to both domestic and international markets.

CannaPiece Corp. is motivated to deliver and preserve the quality and consistency of its cannabis processing for the clients who entrust in their services. The processing and manufacturing facility is equipped with the highest level of security and exceptional operating practices that allows the facility to become a fully EU-GMP certified facility in Canada.

About CannaPiece Corp.

Headquartered in Pickering, Ontario, CannaPiece Corp is a wholly owned subsidiary of CannaPiece Group; a Canadian based, vertically integrated cannabis company. CannaPiece Corp is a contract manufacturer in cannabis and hemp seeking to establish new standards in providing the industry with services and products to cover the gaps in the supply chain. They will offer a complete selection of high-quality services ranging from R&D, product development, third-party processing, packaging, large-scale extraction, production of edibles, topicals and concentrates as well as white-labeled products to both domestic and international markets.

For more information, please visit www.CannaPieceCorp.com.

This Release may contain forward-looking statements which reflect management's expectations regarding the Company's objectives, plans, goals, strategies, future growth, financial condition, results of operations, cash flows, performance, business prospects and opportunities. All statements other than statements of historical facts included in this website, including statements regarding the Company's objectives, plans, goals, strategies, future growth, financial condition, results of operations, cash flows, performance, business prospects and opportunities, may constitute forward-looking information. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking statements.

These statements are based on CannaPiece Group management's reasonable assumptions and beliefs considering the information available to them at the time such statements are made. The forward-looking information contained in this Release is presented for the purpose of assisting the Company's security holders in understanding its financial position and results of operation as at and for the periods ended on the dates presented and the Company's strategic priorities and objectives, and may not be appropriate for other purposes. By its very nature, the information requires the Company to make assumptions and is subject to inherent risks and uncertainties which give rise to the possibility that the Company's predictions, forecasts, expectations or conclusions will not prove to be accurate, that the Company's assumptions may not be correct and that the Company's objectives, strategic goals and priorities will not be achieved. Although the Company believes that the predictions, forecasts, expectations or conclusions reflected in the forward-looking information are reasonable, it can give no assurance that such matters will prove to have been correct. Such forward-looking information is not fact but only reflects management's estimates and expectations. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially from such statements.  These factors include but are not limited to: changes in general industry, market and economic conditions, competition from existing and new competitors, energy prices, supply issues, inventory management, changes in demand due to seasonality of the business, interest rates, changes in laws and regulations, operating efficiencies and cost saving initiatives.

CannaPiece Group cautions that the list of important factors is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information, and are cautioned not to place undue reliance on such forward-looking information. Forward-looking statements may not take into account the effect on the Company's business of transactions occurring after such statements have been made. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company other than as required by applicable securities laws.

SOURCE CannaPiece Corp.