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Monday, 01/08/2018 9:19:13 AM

Monday, January 08, 2018 9:19:13 AM

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CNNRF affiliate in the news! VANCOUVER , Jan. 8, 2018 /CNW/ - Anandia Laboratories Inc. ("Anandia Labs" or the "Company"), a leading Canadian cannabis biotechnology and testing company, announced that it has successfully completed its first export (the "Export") of Canadian cannabis oil for use in Australia. The Export was conducted on behalf of one of the Company's clients, a Canadian-based licensed cannabis producer, to facilitate a clinical trial program. Anandia Labs is one of only 33 entities with a Health Canada Dealers Licence ("Dealers Licence") that permits activities with cannabis, enabling the Company to export cannabis products internationally and import cannabis products into Canada .

"Demand for Canadian medical cannabis is growing internationally, given the stringent quality control measures stipulated by Canadian regulations and the resulting quality of the product," said Dr. Jonathan Page , President and CEO of Anandia Labs. " Canada's Access to Cannabis for Medical Purposes Regulations ("ACMPR") are rapidly becoming the international gold standard for medical cannabis production. This positions Licensed Dealers such as Anandia Labs as the go-to global players in providing certified cannabis products and disease-free genetic propagative material to licenced cannabis producers in Canada and worldwide. By providing Canadian-leading testing, genetics and extraction services, as well as acting as a conduit for the import and export of certified cannabis products, we are actively assisting our clients to develop their product pipelines and grow their businesses in a rapidly growing global industry."

Anandia Labs' Dealers Licence enables the Company to import/export, buy/sell, store, dispose of and trade all forms of cannabis, including dried flower and oils. The ACMPR requires mandatory quality control and product testing of all cannabis products destined for sale, with testing currently being conducted by Licensed Dealers. Anandia Labs is Canada's leading independent cannabis analytics and genetics testing company, with approximately a 20% market share under the ACMPR. The Company operates out of a 5,400 square foot facility in Vancouver, British Columbia and has plans to construct a 40,000 square foot purpose-built cannabis innovation centre in British Columbia during 2018.

Anandia Labs is 19% owned by CannaRoyalty Corp., an active investor and operator in the legal cannabis industry and a Canadian publicly-traded company

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