Alliance Growers Corp. (CSE:ACG, FWB:1LA, OTCQB:ALGWF) (“Alliance Growers” or “the Company), reports it has negotiated the expansion of the Exclusive Canadian Distributor Agreement previously announced on October 10, 2019. An international element has been granted with opportunities in the USA and with sales access to other territories with no National Distributor. The rights negotiated include the rights to sell, market and oversee turn-key organic waste management/organic fertilizer franchises that will provide services to cultivators and to the entire agri-food, industry specifically those that require in-line disinfection and clean processing equipment.
Alliance will immediately engage a team from Europe to introduce and promote the franchisee program across Canada and in the USA from a Vancouver and London Ontario base for Canada, and a Missouri base in the USA.
This expanded agreement further extends the Company’s reach beyond the cannabis space, but also beyond Canada to include customers in the USA and in other countries globally. Advantages include low cost entry for Alliance Growers, head office support and a management team with international experience.
The franchise model provides Alliance Growers with multiple revenue streams from franchise fees, equipment sales, service fees, a royalty stream, consumables and sales to other industries with the byproducts created in the process. The initial sales team has been mobilized and the marketing plan is in the final stages of completion. The franchise model is able to be scaled to suit a wide span of demographics both urban and rural.
As part of the process, this system uses the Black Soldier Fly Larvae to ‘upcycle’ organic waste producing a high-quality fertilizer, in addition to harvesting the larvae as a protein rich food source for pets and the fish farm sector. The company is also working with universities in East Asia to extract and isolate highvalue product groups from the larvae to be sold into the pharmaceutical and cosmetics sectors.
“Dennis Petke, President and CEO of Alliance Growers commented “Alliance has expanded its business to the agriculture market globally, including medical cannabis operations. We will be providing products and services that are green and sustainable for growers of all types of crops. The low-cost of entry of this multi-national Master Franchise business assists Alliance in achieving near term revenue. We are working with our finance partners to ensure we have the capital required to execute on our business plan in a very short period of time.”
Mark Rogers, CEO Grublets Limited added “The appetite from local authorities in the UK, the agrifood industry and restaurants etc to contribute to an organic waste solution that is all encompassing and profitable has been staggering, this is truly a full circle recycling business which can be driven by small business with a low cost entry program. We are excited to be launching in Canada with Alliance.”
About Alliance Growers Corp.
Alliance Growers is a Vertically Integrated Global Company Servicing the Agri-Business including Medical Cannabis. The Company is driven by its ‘Four Pillars’ Organization Plan – 1. Providing Services to the Agri Business Globally (Tissue Culture Plantlets, HOCl and Organic Fertilizer) 2. Global Medical Cannabis Cultivation (including: Investments in Strategic Licensed Producer Applicants), 3-Medical Grade CBD Oil Supply and Distribution and 4-Research and Technology.
Alliance Growers is working with Pharmagreen Biotech Inc. to jointly develop and operate a 63,000- square foot Biotech Complex, primarily for the production of Tissue Culture Plantlets for hemp and cannabis cultivators. Other services for the Agri-Businesses, outside of the Biotech Complex, include a unique application of HOCl technology to protect crops against mold and bacteria and the provision of turn-key organic waste management/organic fertilizer services by way of franchises. These two technologies are stand-alone processes, but may be utilized together for maximum benefit
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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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 forwardlooking 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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CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
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Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.