Devonian Health Group Inc. announced the signature of a lease Agreement with Hzb Pharma Canada Inc. (Hzb). This agreement includes the installation of ethanol extraction equipment in Devonian’s facility in Montmagny (Quebec) for the purpose of extracting cannabinoids from hemp and cannabis plant. Both parties expect to collaborate in the development of cannabinoid-based botanical drugs. Hzb’s ethanol extraction process uses ultra cold ethanol to wash the cannabinoids and terpenes from the cannabis or hemp plant material. Within the process, more than 98% of cannabinoids are recovered and over 90% of ethanol is recovered and re-used.