Auxly Cannabis Group Inc. (TSX.V -
XLY) ("
Auxly" or the
“
Company”), a consumer packaged goods company in
the cannabis products market, is pleased to announce that it is
partnering with the electronic waste (“
E-waste”)
recycling leaders at Greentec to provide cannabis retailers with a
free-of-charge solution for the recycling of vape pens, cartridges
and batteries. This industry-wide sustainability effort is led by
Kolab Project, the Company’s brand dedicated to providing Canadians
with a carefully curated selection of cannabis products, while
championing arts, culture and design.
Kolab Project-branded E-waste recycling bins
will initially be available in participating Spiritleaf and
Superette stores later this summer, with more retailers joining the
program in coming months. Bins will accept vapes, cartridges and
batteries from all licensed producers. Licensed cannabis retailers
looking to provide vape, cartridge and battery recycling to their
customers can get more information by contacting Kolab Project at
info@kolabproject.com.
Greentec operates advanced technologies to
safely process e-waste and recover rare-earth metals. Its numerous
industry-leading Environmental and Health & Safety
certifications include ISO 45001, OSAS 18001 and R2.
“We are so proud to partner with Greentec – a
leader in environmentally responsible e-waste recycling - to offer
this important vape recycling solution to the entire industry,”
said Hugo Alves, CEO, Auxly. “Building on our introduction of 100%
biodegradable vape and pre-roll-packaging, this Kolab Project vape
hardware recycling initiative furthers our efforts to improve
environmental stewardship within the cannabis industry, and we look
forward to working with Canada’s retail community and consumers to
roll-out this program nationally.”
“This partnership reflects our commitment to the
circular economy, diverting vaping products from our landfills for
proper recycling at the Greentec facility,” said Tony Perrotta,
President and CEO, Greentec. “By working directly with producers
through this program, we ensure these materials are recycled to the
highest health, safety and environmental standards.”
“We are thrilled to be able to launch this
initiative across Spiritleaf’s coast-to-coast network of 58 stores
and growing,” said Darren Bondar, President & CEO, Inner Spirit
Holdings. “We know that our customers appreciate the importance and
the convenience of being able to recycle their cannabis packaging
and materials. Participating in this initiative with the
support of Kolab Project and Auxly is another positive step forward
for our companies, our guests and the industry as a whole.”
Mimi Lam, CEO and Co-Founder of Superette,
added: “The environmental impact of vape products has been a hot
topic for us at Superette. Kolab Project has a tangible solution
that addresses this and demonstrates true industry leadership from
Auxly and Greentec. We are excited to be a participating retailer
and look forward to finally accepting vapes and cartridges for
recycling at our Ottawa and Toronto stores!"
Auxly’s suite of branded vaping products,
including Kolab Project and Foray, have been tested for
contaminants, heavy metals leaching and emissions. In addition,
Kolab Project recently introduced 100% biodegradable packaging for
its vape pens and cartridges, as well as its cannabis
pre-rolls.
About Kolab Project Kolab
Project is a cannabis brand, wholly owned by Auxly Cannabis Group
Inc., that aims to connect with those actively in the cannabis
category that have an appreciation for the positive impact that
art, culture and design have on humanity. Kolab Project cannabis
products, available at licensed cannabis retailers across Canada,
include premium pre-rolls, vapes and soft chews. Visit us at
kolabproject.com.
About Auxly Cannabis Group Inc. (TSX.V:
XLY)Auxly is an international cannabis company dedicated
to bringing innovative, effective, and high-quality cannabis
products to the medical, wellness and adult-use markets. Auxly's
experienced team of industry first-movers and enterprising
visionaries have secured a diversified supply of raw cannabis,
strong clinical, scientific, and operating capabilities and leading
research and development infrastructure in order to create trusted
products and brands in an expanding global market.
About Greentec Greentec is a
certified e-waste company that refurbishes, securely destroys and
recycles electronics. Beginning operations in 1995, the company now
employs 80 team members and uses a proprietary optical sorting
system. Proponents of the circular economy, the company believes in
using resources for as long as possible, extracting their maximum
value and then responsibly recycling electronics to help keep our
planet secure and free of waste. As IT asset disposition (ITAD)
experts, Greentec recovers obsolete or unwanted electronic
equipment in a safe and responsible way. They specialize in the
secure and environmentally-compliant disposal of IT equipment and
electronics.
Learn more
at www.auxly.com and stay up to date at
Twitter: @AuxlyGroup; Instagram: @auxlygroup; Facebook:
@auxlygroup; LinkedIn: company/auxlygroup/.
Investor Relations: For investor enquiries
please contact our Investor Relations Team:
Email: IR@auxly.com Phone: 1.833.695.2414
Media Enquiries (only): For media
enquiries or to set up an interview please contact:
Email: press@auxly.com
Notice Regarding Forward Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events, whether as a result of new information,
future events or results, or otherwise.
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.
Auxly Cannabis (TSXV:XLY)
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Auxly Cannabis (TSXV:XLY)
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