Ottawa, Canada, May 02, 2019 (GLOBE NEWSWIRE) -- Eureka 93 Inc. (CSE: LVWL), one of North America’s largest hemp extraction companies, is pleased to announce that Marielle Weintraub, PhD, a leading U.S. authority on hemp extracts, has joined the Company as Vice President of U.S. Regulatory and Government Affairs.

Ms. Weintraub brings significant regulatory experience, industry leadership and product insight to Eureka93. She is a founding board member and the current President of the U.S. Hemp Authority, which is establishing quality standards and best practices in the hemp industry. She is also an active member of the American Herbal Products Association-Cannabis Committee and the United Natural Products Alliance-Hemp/CBD Extracts Committee.

In her previous role, as Strategic Business Development Director for the Hemp Initiative at Eurofins Food Integrity and Innovation (formerly Covance Food Solutions), she developed and drove hemp-specific testing and standards. Ms. Weintraub earned her PhD in Behavioural Neuroscience at Texas Christian University in Fort Worth, Texas, focusing on Alzheimer’s disease pathology.

Eureka93 welcomes Ms. Weintraub’s passionate leadership and and is very pleased to have such a recognized industry authority join the Eureka93 team. Her role, effective immediately, will be to support product development and the creation of a Quality Assurance program. She will also help the Company become a leader in establishing and defining clear product standards – something that will distinguish Eureka93's products in the broader multibillion-dollar industry for hemp-extract products.

The Food and Drug Agency (FDA), which has regulatory oversight of hemp and cannabis-derived products in the United States, will hold public hearings on May 31, 2019, to determine the regulatory pathway forward. Ms. Weintraub has applied for standing at these hearings.

From its first CBD extraction facility in Eureka, Montana, the vertically integrated Eureka93 is already executing on its strategy to be the largest, most reliable supplier of wholesale hemp CBD products, while it builds its family of consumer brands targeted at specific health, wellness and beauty markets in the United States and beyond.

“Marielle positions us with advanced insights and capabilities to understand key consumer and stakeholder needs, and the best practices and partnerships towards development of advanced product solutions. We are thrilled to have her knowledge and her passion on our team,” said David Rendimonti, CEO of Eureka93.

About Eureka93

Eureka 93 Inc. is one of the largest hemp cultivation and extraction operations in North America. The vertically integrated company is dedicated to producing the highest-quality CBD products for its customers. Eureka93 is a design-driven company for creative solutions in systems, products, packages and services. For more information visit www.eureka93.com

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements or forward-looking information under applicable securities legislation. Forward-looking statements include all disclosures regarding possible events, conditions or results of operations that are based on assumptions about future economic conditions and courses of action. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Often, but not always, forward-looking statements can be identified by the use of words or phrases such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, and may be based on management’s current assumptions and expectations related to all aspects of the Company’s business, industry and the global economy. Further, the Company cautions that this foregoing list of material factors is not exhaustive and additional information identifying risks are detailed from time to time in the Company’s other continuous disclosure filings.

The forward-looking information contained in this press release represents expectations of the Company as of the date of this press release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Eureka 93 Inc. www.eureka93.com

Deborah Stokes
Eureka 93 Inc.
819-576-3789
dstokes@eureka93.com

Conrad Seguin
Investor Relations - Eureka 93 Inc.
437-226-7002
cseguin@eureka93.com

David Rendimonti, CEO
Eureka 93 Inc.
819-718-2042