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Empower Clinics subsidiary awarded hemp-handlers license in Oregon

The award means the company can move forward with the operation and expansion of its 5,000 square-foot extraction facility

Empower Clinics Inc. -
Empower has also applied for a Food Establishment Plan permit, which would allow the company to produce edible products

Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) subsidiary Empower Healthcare Corp has received its hemp-handlers license in Oregon, the company announced Thursday.

The recognition from the Oregon Department of Agriculture (ODA) means the company can move forward with the operation and expansion of its 5,000 square-foot extraction facility in Sandy, Oregon. 

Empower has also applied with the ODA for a Food Establishment Plan permit, which would allow the company to produce edible products like CBD gummies, beverages, chocolate or baked goods.

READ: Empower Clinics spotlights diversified business model, acquisition of a network of US clinics

"The ODA has strict requirements regarding the award of a hemp-handlers license and/or a Food Establishment permit, to ensure that extraction operators and CBD product producers operate to the highest of standards." said CEO Steven McAuley. "The award of the hemp-handlers license is a significant milestone for our company as we continue on our path of growth and vertical integration."

With its license secured, the company is working with Pathangay Architects to design its facility. Architectural drawings are expected in the third quarter of 2019. 

Empower Clinics is a vertically-integrated CBD company based in Vancouver. Its CBD is manufactured under the brand name Solievo, and the company operates the Sun Valley Health Clinic, which has nine locations in the US.

Investors responded well, sending shares nearly 16% higher to C$0.11 on the CSE on Thursday and more than 40% to US$0.09 on OTC Markets.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com 

Follow him on Twitter @andrew_kessel

Quick facts: Empower Clinics Inc.

Price: 0.09 CAD

CSE:CBDT
Market: CSE
Market Cap: $17.66 m
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