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Expansion of the Cannorth Medic Plant for Cannabis-Based Medical Products

Tickers: XTSX:KDA
Tags: #Mining



Thetford Mines, Quebec - TheNewswire - December 12, 2019 - KDA Group Inc. (TSXV:KDA) ("KDA" or the "Corporation") is proud to announce through its subsidiary CanNorth Medic Inc. ("CanNorth Medic"), the development process for the expansion of its plant for cannabis-based medical products. The St-Gabriel de Rimouski plant will increase its surface area to a total of 60,000 square feet for an estimated investment of $5 million.

This plant will be designed to comply with Good Manufacturing Practices (GMP) quality standards in addition to European standards (EU-GMP). Although these standards represent the highest quality standards applied in the pharma industry, medical cannabis producers authorised in Europe are required to follow the EU-GMP guidelines. These standards require any cannabis producer to set up:

  1. 1)operation-specific procedures;

  2. 2)an employee training program;

  3. 3)a thorough documentation system; and

  4. 4)environmental and quality controls throughout the cannabis manufacturing process, including analytical tests to determine cannabidiol (CBD) and tetrahydrocannabinol (THC) content and microbial contamination tests and screening for pesticides and heavy metals.

"This expansion project will allow CanNorth Medic to offer high quality medical products in accordance with Canadian and European Good Manufacturing Practices quality standards," said Marc Lemieux, Chief Executive Officer of KDA.

ABOUT KDA GROUP

KDA Group is a leading innovation and specialized solution provider in the pharmaceutical market. Today, it is a respected name for quality and expertise among the different stakeholders in the pharmaceutical and medical sector. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

INFORMATION

Marc Lemieux

Chief Executive Officer

514 622-7370

info@groupekda.ca

Copyright (c) 2019 TheNewswire - All rights reserved.

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