Solarvest Provides COVID 19 Update

- April 24th, 2020

Solarvest Bioenergy Inc. (TSXV:SVS) is working hard to ensure staff safety through staggered work schedules, social distancing in the workplace and isolation in our laboratories.

Solarvest Bioenergy Inc. (TSXV:SVS) : The Company is working hard to ensure staff safety through staggered work schedules, social distancing in the workplace and isolation in our laboratories. The company has also taken steps to shore up its financial stability to carry the company over this shutdown while moving developments forward.

Our protein CBD expression program will continue unabated over this period of crisis management. The COVID 19 crisis has delayed the launch of our organic Omega 3 commercial product but we are working with our contractors to reschedule production in the next few months. The demand for health care products will remain just as strong and we may even see this health crisis increase the demand for new and established health care products like omega 3’s.

Because of our secure facilities, the Company was approached by the Federal Government to supply laboratory space for “COVID 19” testing but so far we have not been called upon to activate this program.

Solarvest operates in the health care industry, which going forward will be relied upon for solutions for medical, and ongoing wellness needs.

About: SOLARVEST BIOENERGY INC. (TSX-V: SVS).

The expression of therapeutic molecules, vaccines, and nutraceutical products are the foundation/output of Solarvest’s patented technology platform. Amongst its Research and Development projects, the company previously initiated a program with FSD Pharma: NASDAQ: HUGE for the expression of purified cannabinoid proteins – Press Release May 2019. This partnership was created to take advantage of the Solarvest technology, which is capable of producing to the stringent human Active Pharmaceutical Ingredient (API) quality standards. The Company will also release its first Omega-3 DHA nutraceutical product for children in 2020, a significant segment of the Ocean based Omega-3 market, that exceeds $20 billion* globally.

For further information contact:

Gerri Greenham, Chief Executive Officer
Tel: 416 420 0947
Email: ggreenham@solarvest.ca

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Neither 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 release.

* *GOED Omega 3 Market Presentation -2012 Estimated Global Consumer Spending on Products Containing EPA/DHA Oils.

** https://www.globenewswire.com/news-release/2015/03/16/1434947/0/en/Solarvest-Achieves-Significant-Breakthrough.html

Statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations and projections.

Source

Is the biotech market the perfect mesh between the technology and pharmaceutical market?

 
Read our FREE outlook report below!
 

Get the latest Biotech Investing stock information

Get the latest information about companies associated with Biotech Investing Delivered directly to your inbox.

Biotech Investing

Select None
Select All

Leave a Reply