Alliance Growers (CSE: ACG) (FSE: 1LA) (WKN: A2DFYX) Adds Cannabis Business Development Professional
Vancouver, British Columbia - March 13, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Alliance Growers Corp. (CSE: ACG) (FSE: 1LA) (WKN: A2DFYX) ("Alliance Growers" or the "Company") is pleased to announce that it has entered into a Business Development Services Agreement with Mr. Stuart Gray that also includes the provision of certain Public Relations Services.
Mr. Gray has 22 plus years of experience in business and marketing. He has founded several media and promotional related companies and has provided consulting to over 100 public companies in the USA and Canada. Stuart's services have ranged from reverse mergers, marketing, branding, social media and financings. Stuart has provided consulting to several Marijuana-related Companies since 2014.
Stuart was founder and CEO of Laguna Blends Inc. Laguna acquired Isodiol International Inc. (ISOL CSE, ISOLF OTCQB) in a combination of stock and cash. Laguna then did a company name change to Isodiol International Inc. Isodiol International Inc. is the market leader in pharmaceutical grade phytochemical compounds and the industry leader in the manufacturing and development of CBD consumer products.
Commenting on the addition of Cannabis industry veteran Stuart Gray, Alliance Growers President and CEO, Dennis Petke stated, "It is a true honor to welcome a man of Stuart's stature to Alliance Growers. Having known and worked with Stuart for several years, I have first-hand knowledge of his passionate professionalism and tremendous successful experience in the cannabis industry and in marketing in general. He is adept at establishing long-lasting, business relationships built on integrity, trust, and win-win solutions. We have already begun to develop business opportunities that fit perfectly with the Alliance business model. We will be announcing those business developments in the coming weeks. We look forward to collaborating with Stuart and to leveraging his network and veteran cannabis experience to the benefit of all Alliance stakeholders".
The Business Development contract totals $110,000 in cash as consideration for the Services over a six-month period with an expectation that Mr. Gray will continue working with Alliance beyond that time. In addition, Alliance Growers has closed a non-brokered private placement (the "Private Placement") of up to 180,000 shares (the "Shares") at a price of $0.50 per Share, for gross proceeds of $90,000. All Shares issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing.
About Alliance Growers
Alliance Growers is a diversified cannabis company driven by the Company's 'Four Pillars' Organization Plan — Cannabis Botany Centre, Strategic ACMPR Investments, CBD Oil Supply and Distribution, and Research and Development.
Alliance Growers has finalized its a new business partnership with WFS Pharmagreen Inc., to jointly develop and operate a 40,000-square foot facility to be the first of its kind in Western Canada to house a DNA Botany lab, extraction facility and Tissue Culture Plantlet Production facility to service the Cannabis market and agriculture market in general. The proposed Cannabis Botany Centre will grow Cannabis plantlets using proprietary tissue culture propagation, specifically the "Chibafreen Invitro Plant Production System", which assures consistent composition and purity of each plantlet for the growers.
Alliance Growers has entered into an exclusive agreement to acquire a late stage licensed producer applicant, Biocannatech, to become a licensed producer under Health Canada's access to cannabis for medical purposes regulations ("ACMPR") in Quebec. Alliance Growers will supply financing and resources to build out the medical marijuana facility in preparation for the inspection required to obtain a growing license. Once Health Canada is satisfied with a successful crop, Alliance Growers will be granted its distribution license. This acquisition allows the Company an opportunity to become a licensed producer in the Province of Quebec and gain an in-road to provide tissue culture plantlets to all licensed producers in Quebec.
Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed Producer Applicants at various stages in the Health Canada License process.
For further information, please visit the Company's website at www.alliancegrowers.com or the Company's profile at www.sedar.com.
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On behalf of the board of directors of
ALLIANCE GROWERS CORP.
President and CEO
For more information contact:
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
FORWARD LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. More particularly and without limitation, the news release contains forward-looking statements and information relating to Company's corporate strategy. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company, including, without limitation, the Company's ability to carry out its business plan. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company's ability to identify and complete additional suitable acquisitions to further the Company's growth as well as risks associated with the medical marijuana industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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