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Canada Coal Announces Ayurcann Receipt of Amendment to Standard Processing Licence to Allow for Sales

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Canada Coal Inc. (a??Canada Coala?? or the a??Companya??) (TSXV: CCK.H) is pleased to announce that Ayurcann Inc. d.b.a XTRX Solutions Inc. (a??Ayurcanna??) has obtained an amendment to its standard processing licence (the a??Amended Licencea??) from Health Canada which allows Ayurcann to sell extracts, edibles, and topical products directly to provincial and territorial retailers across Canada. On November 24, 2020, Ayurcann and the Company entered into a definitive business combination agreement to effect a reverse takeover of the Company, the details of which are disclosed in the Companya??s press release dated November 25, 2020.
The Amended Licence allows Ayurcann to create new direct relationships with the provincial cannabis boards to list new product SKUs, as well as to open additional revenue streams to produce and white label new finished cannabis products for the growing number of licensed producers and popular brands across the country.a??Ayurcanna??s licensing achievement is a significant milestone, and is a testament not only to the talent within the organization, but its laser-focus on customer service and the production of high-quality, consistent cannabinoid extractions for licensed producers and third-party brands in Canada,a?? commented Igal Sudman, Co-founder and Chief Executive Officer of Ayurcann.Description of Ayurcann and its Business
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