Xanthic Announces The Installation Of Manufacturing Equipment At Its Strategic Partner’s Oregon Facility

Toronto, Ontario – June 13, 2018 – Xanthic Biopharma Inc. (formerly Aurquest Resources Inc.) (“Xanthic“, CSE: xTHC) is pleased to announce the arrival, installation and shake down of its first manufacturing machines at the Oregon facility of Xanthic’s strategic partner, Green Mile Enterprises, LLC (“Green Mile“). The newly arrived equipment consists of a variety of processing machines as well as  a “form, fill, seal” machine which has been customized and calibrated to efficiently handle the Xanthic-powdered product profile, including the hydration drink mix and energy drink mix.

Xanthic is awaiting final review of product packaging by the Oregon regulatory body, the Oregon Liquor Control Commission. Management of Xanthic anticipates that first production will commence by the end of June 2018 and that sales through the distribution channels to dispensaries across Oregon will commence by the end of August 2018.

Xanthic has also ordered the necessary equipment to build out the California manufacturing facility of its strategic partner, Pasa Verde, LLC, with the goal of first production to commence before the end of September 2018.

Meredith Farrow, CEO of Green Mile, stated, “Green Mile Enterprises is pleased to be working with Xanthic and their team to provide a unique product line up to the Oregon market.”

Tim Moore, CEO of Xanthic, commented, “The Xanthic team is extremely pleased with the installation and calibration of the machinery in our Oregon partner’s facility. With a business model based on unique proprietary technology, we are excited to see the first installation at the location of a licensed producer partner. Our thanks go to the Green Mile team for their support and collaboration during this process. Lessons learned during this first execution will help accelerate the installation process with future strategic partners in Canada, the U.S. and internationally. Our plan to operate in three U.S. states by the end of 2018 is on schedule.

(Left – Xanthic’s equipment being installed at Green Mile Enterprises’ Oregon facility; Right – the “form, fill, seal” machine after installation)