Beleave Inc. (“Beleave” or the “Company”) (CSE:BE); (OTCQX:BLEVF) would like to provide an update with regard to recent retail licensing grants in the province of Manitoba. On January 3rd, 2018 the Company announced that it had signed a letter of intent with Seven Oaks of Manitoba to supply 1.25 million grams of dry cannabis flower or equivalent. The transaction was contingent on Seven Oaks’ ability to obtain a retail license from the government of Manitoba, however they did not obtain it in this round of licensing.
“We maintain that Seven Oaks would have been a great choice retail partner for us in Manitoba but understand licenses were limited and the environment highly competitive,” commented Beleave Chief Executive Officer Andrew Wnek. “The team is actively exploring partnership opportunities in all provinces and will continue to do so in Manitoba and stand behind Seven Oaks as they further explore other distribution and retail prospects.”
In addition the company would like to congratulate the four companies that were chosen to open Manitoba’s retail distribution locations.
Beleave Inc. is a biotech company and Beleave’s wholly-owned subsidiary Beleave Kannabis Corp. (formerly First Access Medical Inc.) is a licensed producer pursuant to the ACMPR. Beleave’s purpose-built facility is located in Hamilton, Ontario.
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