"ROSE LifeScience is a Quebec company created and controlled by Quebec administrators. We are building our plant in Quebec and we are very proud of it," said Mr. Limoges. "The Canadian cannabis industry has an estimated value of $ 20 billion. We create jobs in Quebec, producing products of the highest quality in Quebec, and helping Quebec to take its rightful place in the Canadian cannabis economy."

Indeed, Quebec is significantly under-represented in the Canadian cannabis ecosystem. ROSE LifeScience's arrival in Huntingdon represents an important advantage for the region in this industry, since the company is headquartered there.

The Huntingdon plant could eventually become a supplier for the Société québécoise du cannabis (SQDC) when consumption of recreational cannabis becomes legal, thus guaranteeing access to high-quality Quebec products that meet the highest governmental standards. Production will meet the very demanding criteria of cannabis products for medical purposes.

"Regardless, we believe that Quebec consumers deserve the best possible product. To reach that goal, our main objective is to impose to ourselves the highest standards of control in the industry as defined by all levels of government," added Mr. Limoges.

Established on more than 700,000 square feet of land and built solely with private sector funding, the future cannabis manufacturing and processing plant is a climate-controlled indoor facility, ensuring superior quality and consistent, affordable production year-round. The facility will house ROSE LifeScience's offices and growing rooms.

This 55,000-square-foot first phase represents an investment of $ 31.6 million and will contribute to the creation of approximately 100 jobs in the region. A 100,000-square-foot second phase will necessitate a further $ 49,3 million dollar investment and will create 200 additional new jobs. The total investment is $ 80 million over the next five years. The company plans to create 300 jobs over this period.

An important asset for the city of Huntingdon

The Huntingdon municipal administration is very proud to be associated with this project. "The construction of this plant, requiring significant private investment, will take several months and its operation will involve the employment of many local workers. For a municipality like ours, which has been greatly affected in recent years by the loss of various industries, this is a major project!", said Mayor André Brunette.

"The support we have received from the City of Huntingdon and its citizens is significant. We are happy to become part of this community", added Mr. Limoges.

About ROSE

Founded by a group of seasoned executives with extensive experience in highly regulated industries, ROSE LifeScience is committed to ensuring that Quebec benefits from the responsible production, sale and use of cannabis.

ROSE LifeScience's cannabis and by-products will be of the highest quality, produced following rigorous protocols in its climate-controlled indoor facility, ensuring superior quality and consistent, affordable production year-round. As a licensed Quebec producer, ROSE will actively participate in economic development by creating, among other things, 300 direct jobs in its first five years of operation.

SOURCE ROSE ScienceVie

For further information: Nathalie Vallée, Senior Advisor, Communication and Public Relations, Paradigme Affaires publiques, Cell.: 418 809-7155, [email protected]