Green Mountain Receives Standard Processing License from Health Canada

PENTICTON, BC – October 16, 2023 – Green Mountain Health Alliance Ltd. (the “Company” or “Green Mountain”), is pleased to confirm receipt of its standard processing license from Health Canada. This new license allows the Company to process biomass into higher margin products such as packaged flower and pre-rolls.

“Securing a processing license represents an important step in the evolution of the business” said Green Mountain acting CEO, Salil Dhaumya. “This year has been all about stabilizing the business in the face of an industry downturn and the passing of former CEO Wade Attwood. Our main focus has been on restructuring our cultivation team and streamlining costs and expenses to ensure that we remain competitive in spite of challenging market conditions. We are beginning to develop solid sales channels and by securing our processing license at this time the Company is able to deepen those relationships and focus on higher value products.”

The cultivation team is taking advantage of our state of the art facility and under the guidance of Dr Mirza (Agriculture Hall of Fame), crop quality and yield continue to improve. We have included some recent images showcasing the team at work. Local shareholders who are keen to visit the facility are invited to contact Michele Lise to make arrangements.

Green Mountain’s AGM is scheduled to take place on 25th October and shareholders have been sent a circular confirming the date and time. Anyone unable to attend may request a video recording.

For more information about Green Mountain, please contact:

Salil Dhaumya
Acting CEO
sdhaumya@gmtn.ca

For investor inquiries:
Michele Lise
Investor Relations
mlise@gmtn.ca

This update contains forward-looking statements, which include, but are not limited to, statements concerning Green Mountain Health Alliance Ltd. and our plans and projections. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

FREQUENTLY ASKED QUESTIONS

FAQs

It depends on the province. Most require you to be 19. Alberta's minimum age is 18 and Quebec's is 21.

Our full legal name, which appears on our licences and formal documents, includes “Health Alliance,” while our trade name is Green Mountain.

Our operations are based in the Okanagan region of British Columbia, which features heavily wooded surroundings, clean air and spring water.

Our cultivation and production teams are led by plant scientists, including an agriculture Hall of Famer. Every input is carefully reviewed and adjusted to support consistent products. See our Latest News section for in-depth articles exploring our processes.

Terpenes contribute to the aroma and flavour profile of cannabis. The dry climate of the Southern Okanagan supports terpene expression in our flower. Our products typically test in the 2–4% range.

We draw irrigation water from our on-site aquifer. The spring water is structured using a Schauberger vortex. The device mimics how water naturally swirls in a mountain stream, which some growers believe helps plants absorb it more efficiently. All our flower is hang-dried and non-irradiated unless required by law.

Our products are carried by authorized retailers in British Columbia, Ontario, Saskatchewan, Alberta, and Manitoba.

Yes, provided you meet the age restrictions of the provinces you are visiting and do not carry more than the 30-gram limit.

All our products undergo mandatory Government approved laboratory testing for potency, terpene levels, pesticides, heavy metals and contaminants in accordance with Health Canada requirements.

Being vertically integrated allows us to manage the full process from cultivation to market without needing to trust third-party intermediaries.

No. Impairment laws are strict. Check your local laws when it comes to driving or operating machinery after using cannabis.

Our largest shareholder is the Manitoba Metis Federation (MMF). We are aligned with their values of purity and social cohesion.

Tourists who meet the legal age requirement in the province where they are located may purchase cannabis. Cannabis cannot be taken across international borders, including to the United States.

Start low and go slow. Speak with a budtender or review the summaries in our Product Portfolio.