New Age Farm Engages Internal Investor Relations Firm
October 14 2015 - 8:00AM
InvestorsHub NewsWire
New Age Farm Engages Internal
Investor Relations Firm
Vancouver, BC -- October 14, 2015 -- InvestorsHub NewsWire -- New
Age Farm Inc. (CSE:NF)
(OTC:NWGFF)
(FSE: ONF)
(www.newagefarminc.com) (#NWGFF) ("New Age Farm" or the "Company")
has engaged the services of Briggs Smith of The Olibri Group to
handle internal Investor Relations for the Company.
The Olibri Group, a Florida based Investor Relations company, has
been servicing small cap, publicly traded companies for more than 4
years. Mr. Smith has been a consultant in the small cap, publicly
traded arena for nearly 10 years. In addition, he brings a
foundation in acquisitions and mergers as well as expertise in
investor communications support.
"We are excited to be affiliated with New Age Farm Inc.," Mr. Smith
stated. "With a world class management team and an impressive roll
out strategy, our vision for New Age Farm is excellent. Using this
vehicle to acquire and develop land into turnkey growing facilities
for licensed marijuana growers will provide the capital needed for
continued growth of New Age Farm's land bank and for the Company to
achieve positive results for its shareholders."
About New Age Farm
Through its wholly-owned subsidiary, NHS Industries Ltd.
("NHS"), New Age owns a five and a half acre greenhouse facility in
the lower mainland of BC with a 48,000 square foot
greenhouse facility, capable of growing 2.4 million 4" potted
plants annually. NHS is in the process of formulating
innovative proposals for small scale agricultural facilities for
exploring multiple avenues for cash flow processes. The facility is
located minutes from three major Canada - USA border crossings and
direct routes to the lower mainland west and to all points east and
west along 16th Ave to Hwy 99 and to Hwy 1 make its location in
South Langley an ideal hub. NHS intends to become a beta site for
sustainable growing capabilities as well as minimizing all carbon
footprints with regard to all its on-site operations. This facility
will meet a growing demand in the Metro Vancouver and Fraser Valley
areas to help smaller growers become more efficient, more
productive, implement value added product lines, and reduce
waste.
Through its Washington State subsidiary, New Age Farm owns
a second property that is located in Sumas, WA, where it intends to
offer fully built out turnkey service operations to licensed I-502
tenant-growers who will lease the facilities for production and
processing. With two leases already in place, operations in
Washington State are expected to begin as soon as the Company
completes its first build out.
About the Washington I-502 Marijuana Market
In November 2012, the Washington State Liquor Control Board
("WSLCB") passed Initiative 502 ("I-502") pursuant to a vote by the
people of the State of Washington. I-502 authorized the WSLCB to
regulate and tax recreational marijuana products for persons over
twenty-one years of age and thereby created a new industry for the
growing, processing and selling of Washington State-regulated
recreational marijuana products. A recent WSLCB commissioned report
by the Rand organization suggests that there are currently up to
650,000 recreational marijuana users in Washington State, worth
approximately $1.25 - $1.5 Billion USD in annual
sales.
For further information about New Age Farm, please consult the
Company's profile on SEDAR at www.sedar.com.
On Behalf of the Board of Directors
Carman Parente
President and Chief Executive Officer
For further information, please contact:
Investor Relations
Briggs Smith
Telephone: 813-438-5225
Email: info@olibrigroup.com or ir@newagefarminc.com
newagefarminc.com
Follow us on social media!
https://twitter.com/grow_new_age
https://www.facebook.com/grow.with.new.age
https://instagram.com/newagefarm/
#NWGFF
The Canadian Securities Exchange has neither approved nor
disapproved the contents of this news release and accepts no
responsibility for the adequacy or accuracy hereof.
This news release contains forward-looking statements, which relate
to future events or future performance and reflect management's
current expectations and assumptions. Such forward-looking
statements reflect management's current beliefs and are based on
assumptions made by and information currently available to the
Company. Readers are cautioned that these forward looking
statements are neither promises nor guarantees, and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected including, but not limited to
completion of planned improvements at both the Canadian and US
sites on schedule and on budget, the availability of financing
needed to complete the Company's planned improvements on
commercially reasonable terms, planned occupancy by the
tenant-growers, commencement of operations, the ability to mitigate
the risk of loss through appropriate insurance policies, and the
risks presented by federal statutes that may contradict local and
state legislation respecting legalized marijuana. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under
applicable securities legislation. This news release does not
constitute an offer to sell securities and the Company is not
soliciting an offer to buy securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
This news release does not constitute an offer of securities for
sale in the United States. These securities have not and will not
be registered under United States Securities Act of 1933, as
amended, or any state securities laws and may not be offered or
sold in the United States or to a U.S. Person unless so registered,
or an exemption from registration is relied upon.
SOURCE: New Age Farm Inc.