HYTN Announces Initial Purchase Order under Manufacturing Partnership with Industry-Leading SNDL

VANCOUVER, British Columbia, Jan. 10, 2025 (GLOBE NEWSWIRE) — HYTN Innovations Inc. (CSE: HYTN, FSE: 85W0, OTC PINK: HYTNF) (“HYTN” oregon the “Company”), a pharmaceutical institution specializing successful pharmaceutical-grade cannabis manufacturing is pleased to denote the receipt of an archetypal acquisition order under manufacturing and pricing agreements (the Agreements) with SNDL Inc. (NASDAQ: SNDL) (“SNDL“), 1 of the world’s largest vertically integrated cannabis companies. This collaboration underscores the Company’s committedness to expanding its beingness successful regulated planetary markets, including the UK, Germany, and Australia.

Article content

Article content

Article content

Under the executed agreements, HYTN volition utilize EU Good Manufacturing Practice (EU GMP) to process some bulk and finished cannabis products for SNDL. HYTN’s quality to conscionable stringent planetary requirements, combined with SNDL’s cannabis expertise, positions some companies to rapidly standard operations and present high-quality products to cardinal planetary markets.

“This concern underscores our committedness to delivering exceptional cannabis products successful regulated planetary markets,” said Elliot McKerr, CEO of HYTN. “With SNDL’s robust marketplace beingness and HYTN’s precocious manufacturing standards, we are poised to marque a important interaction connected the planetary cannabis industry.”

The advancement of the concern is highlighted by the receipt of HYTN’s archetypal acquisition bid from SNDL for EU GMP-certified dried cannabis flower, featuring aggregate cultivars for export to the UK. Processing of the archetypal bid is expected to beryllium completed by February 2025. Jason Broome, COO of HYTN, emphasized the value of this milestone, stating, “This bid highlights HYTN’s capableness for high-volume, EU GMP-certified cannabis production, ensuring our partners, similar SNDL, person the infrastructure needed to grow into planetary markets. We’re excited to collaborate connected this accidental and show our operational expertise.”

Article content

Article content

This collaboration positions the Company to capitalize connected the expanding planetary cannabis market, including Germany’s aesculapian cannabis industry, valued astatine an estimated CAD $2 billion¹, and Australia’s rapidly increasing market, which surpassed AUD $200 cardinal successful 2022², underscoring the opportunities ahead.

The archetypal acquisition bid is anticipated to vessel successful Q1 2025, import permits from the UK’s Home Office were received connected Jan 6th. The broader agreements, which were signed successful August 2024 and person a word of 2 years, found the operational model for a concern supporting HYTN’s processing of SNDL cannabis products destined for planetary markets.

^{[1] J. Green, International Cannabis Business Conference (July 8, 2024), “Germany’s Medical Cannabis Industry Is Booming.”}

^{[2] J. Ryan, Pennington Institute (December 2023), “Cannabis successful Australia.”}

About HYTN Innovations Inc.

HYTN Innovations Inc. is simply a pharmaceutical institution that specializes successful the formulation, manufacturing, marketing, and merchantability of products containing psychoactive and psychotropic compounds, including cannabis-derived cannabinoids and psilocybe-derived tryptamines. HYTN is dedicated to becoming a premier supplier of these products crossed each federally regulated markets. The Company accomplishes this by strategically identifying marketplace opportunities and efficaciously bringing innovative products to marketplace done its precocious improvement platform.

Article content

About SNDL Inc.

SNDL is simply a nationalist institution whose shares are traded connected the Nasdaq nether the awesome “SNDL.” SNDL is the largest private-sector liquor and cannabis retailer successful Canada with retail banners that see Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Superette. SNDL is simply a licensed cannabis shaper and 1 of the largest vertically integrated cannabis companies successful Canada specializing successful low-cost biomass sourcing, indoor cultivation, merchandise innovation, low-cost manufacturing facilities, and a cannabis marque portfolio that includes Pearls by Grön, No Future, Bhang Chocolate, Top Leaf, Contraband, Citizen Stash, Sundial Cannabis, Palmetto, Spiritleaf Selects, Bon Jak, Versus, Value Buds, Namaste, Re-up, Grasslands and Vacay. SNDL’s concern portfolio seeks to deploy strategical superior done nonstop and indirect investments and partnerships passim the North American cannabis industry. For much accusation connected SNDL, delight spell to https://sndl.com/.

About Good Manufacturing Practices (GMP)

GMP guidelines supply guidance for manufacturing, testing, and prime assurance to guarantee that a manufactured merchandise is harmless for quality depletion oregon use. Many countries person legislated that manufacturers travel GMP procedures and make their ain GMP guidelines that correspond with their legislation.

Article content

For much accusation contact:

Elliot McKerr
Chief Executive Officer
1.866.590.9289

HYTN Investor Relations:
1.866.590.9289
investments@hytn.life

The Canadian Securities Exchange (CSE) has not reviewed, approved, oregon disapproved the contents of this property release.

Certain accusation contained herein whitethorn represent forward-looking accusation that impact risks and uncertainties. Readers are cautioned not to spot undue reliance connected forward-looking statements, including, but not constricted to, statements regarding the receipt of further acquisition orders, the Company’s quality to fulfill the same, and the Company’s expanded abilities to export its products globally, and to successfully collaborate with SNDL. Factors that could origin existent results to alteration from forward-looking statements oregon whitethorn impact the operations, performance, development, and results of the Company’s concern include, among different things: the Company’s inability to fulfill acquisition orders; the Company’s inability to support relationships with cardinal partners; the Company’s nonaccomplishment to make capable currency travel from operations to conscionable its existent and aboriginal obligations; the Company’s nonaccomplishment to entree sources of indebtedness and equity capital; changes to the regulatory model wrong which the Company operates; competitory factors, pricing pressures, and proviso and request successful the Company’s industry; and wide economical and concern conditions. Any statements that are not statements of humanities information are deemed to beryllium forward-looking statements. The forward-looking statements contained successful this quality merchandise are made arsenic of the day of this quality release, and, but to the grade required by applicable law, the Company assumes nary work to update oregon revise forward-looking statements made herein oregon otherwise, whether due to the fact that of caller information, aboriginal events, oregon otherwise. The forward-looking statements contained successful this quality merchandise are expressly qualified by this cautionary note.

Article content