2022-07-07 | TSX:AVCN | Press Release

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The unique distribution agreement with Bio-Gate AG features 5 SKUs from Pura H&W&CloseCurlyQuotes proof-centered derma-cosmetics portfolio

First portfolio launch is prepared for Germany, Austria, and Switzerland in Q3 2022

TORONTO, July 07, 2022 (Globe NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Enterprise“) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) a biopharmaceutical organization concentrated on the progress, producing and commercialization of plant-derived cannabinoid-dependent products is delighted to announce that the Corporation has concluded its initial business export of its proof-centered derma-beauty line Pura H&W (“Pura” or “Pura Wellbeing & Wellness&CloseCurlyDoubleQuote) into the European Current market as a part of its supply and distribution settlement with Bio-Gate AG (“Bio-Gate&CloseCurlyDoubleQuote).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bab76054-b480-4a1c-9d7a-0b8d3813b05b

Avicanna&CloseCurlyQuotes evidence-primarily based derma-cosmetics portfolio has now been effectively imported into Germany the place Bio-Gate put together to start this summer season. The portfolio of products and solutions will initially be accessible on-line at http://www.purahw.com and then more expanded into other on-line, retail and pharmacy channels throughout Germany, Austria, and Switzerland through 2022.

“We are pleased to be entering the European current market with our 1st line of branded products and to be doing so in collaboration with Bio-Gate. Each teams are enthusiastic about the start of the skincare portfolio in the coming months and are pleased to see the Pura Wellness and Wellness model build a new European foothold,&CloseCurlyDoubleQuote commented Jens Kramer, VP of European Operations at Avicanna.

To its know-how, Avicanna carries out its functions in compliance with all applicable legal guidelines in the jurisdictions in which it operates.

About Pura H&W

Pura Health & Wellness (Pura H&W) is Avicanna&CloseCurlyQuotes derma-cosmetic line which makes use of a mix of purified CBD and other synergistic botanical ingredients developed to by natural means control and nourish the pores and skin. The Pura H&W solution line was designed by Avicanna and unique merchandise have undergone medical trials. The merchandise are now industrial underneath Pura H&W or Pura Earth in Canada, Colombia, Ecuador, the U.S.

The Pura H&W formulations have been made and optimized to produce purified, THC-cost-free CBD in synergistic combinations with other organic components regarded to provide unique useful added benefits in skincare. CBD has been demonstrated to encourage pores and skin health and fitness by inducing antioxidant, anti-inflammatory, and anti-apoptotic responses that could be helpful for a assortment of dermatological circumstances these types of as eczema or atopic dermatitis. In addition, CBD can down-regulate the activity of cells that are crucial in the creation of skin oils and thus may perhaps dampen the output in pimples-vulnerable skin.

About Bio-Gate AG

Bio-Gate AG is a wellbeing know-how enterprise and a foremost service provider of impressive technologies and solutions for wellness, infection management and cleanliness that can make dwelling together safer and more healthy, and increase the very well-currently being of just about every specific. Bio-Gate specializes in giving components and surfaces with antiviral, antimicrobial or biologically active houses. Bio-Gate AG boosts elements and solutions, notably in the industry of professional medical technologies, for case in point in the coating of implants or wound dressings. In addition, Bio-Gate technologies are used in dermatological energetic cosmetics and wound care items, as well as purchaser and industrial solutions.

About Avicanna Inc.

Avicanna is a business-stage worldwide biopharmaceutical business targeted on the improvement and commercialization of proof-primarily based cannabinoid-primarily based products for the global clinical and pharmaceutical sector segments. Avicanna has an established scientific system such as R&D and clinical progress that has led to the commercialization of more than thirty products throughout many current market segments:

Healthcare Hashish & Wellness Products and solutions: Promoted under the RHO Phyto™ brand name these health-related and wellness solutions are a line of pharmaceutical-quality cannabinoid goods containing varying ratios of cannabidiol (“CBD&CloseCurlyDoubleQuote) and tetrahydrocannabinol (“THC&CloseCurlyDoubleQuote). The solution portfolio has a whole formulary of products and solutions like oral, sublingual, topical, and transdermal deliveries that have managed dosing, increased absorption and stability experiments supported by pre-medical data. The formulary is promoted with purchaser, client and health care-local community training and education.

Pharmaceutical Pipeline: Leveraging Avicanna&CloseCurlyQuotes scientific system, vertical integration, and real-world proof, Avicanna has designed a pipeline of patent-pending drug candidates that are sign-unique and in various levels of scientific progress and commercialization. These cannabinoid-centered drug candidates look to handle unmet medical demands in the places of dermatology, continual pain, and various neurological conditions. Avicanna&CloseCurlyQuotes initially pharmaceutical preparing (Trunerox™) is in the drug registration phase in South The us.

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Remain Linked

For far more facts about Avicanna, check out www.avicanna.com, call Ivana Maric by e mail at [email protected] or abide by us on social media on LinkedIn, Twitter, Facebook or Instagram.

The Organization posts updates through video clips from the formal Firm YouTube channel.

Cautionary Note About Ahead-Seeking Information and facts and Statements

This information launch incorporates “forward-looking info&CloseCurlyDoubleQuote in just the this means of applicable securities legal guidelines. Forward-hunting information contained in this news launch may well be discovered working with phrases these kinds of as, “may&CloseCurlyDoubleQuote, “would&CloseCurlyDoubleQuote, “could&CloseCurlyDoubleQuote, “will&CloseCurlyDoubleQuote, “likely&CloseCurlyDoubleQuote, “expect&CloseCurlyDoubleQuote, “anticipate&CloseCurlyDoubleQuote, “believe, “intend&CloseCurlyDoubleQuote, “plan&CloseCurlyDoubleQuote, “forecast&CloseCurlyDoubleQuote, “project&CloseCurlyDoubleQuote, “estimate&CloseCurlyDoubleQuote, “outlook&CloseCurlyDoubleQuote and other similar expressions. Although the Business thinks that the anticipations and assumptions on which these types of forward on the lookout info is based mostly are sensible, undue reliance should not be put on the ahead-searching data mainly because the Organization can give no assurance that they will confirm to be suitable. Actual final results and developments might vary materially from all those contemplated by these statements. Forward-wanting details is subject to a wide range of challenges and uncertainties that could induce genuine situations or success to vary materially from those people projected in the forward-wanting data. These risks and uncertainties incorporate but are not constrained to existing and long run market place ailments, together with the marketplace price tag of the frequent shares of the Enterprise, and the hazard elements set out in the Corporation&CloseCurlyQuotes yearly information and facts sort dated March 31, 2022 submitted with the Canadian securities regulators and available beneath the Business&CloseCurlyQuotes profile on SEDAR at www.sedar.com. The statements in this news launch are built as of the day of this release. The Corporation disclaims any intent or obligation to update any forward-on the lookout info, whether or not as a final result of new facts, upcoming events or effects or otherwise, other than as essential by applicable securities regulations.

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