UPDATE -- Canary Inc. Signs Exclusive Partnership With Serious
Seeds B.V. for the Production and Distribution of Award-Winning
Cannabis Seeds and Genetics
Norfolk County, ON -- December 12, 2018 -- InvestorsHub NewsWire
-- Target Group Inc. (OTCQB:
CBDY) announced today that its wholly owned
subsidiary, Canary Rx Inc. ("Canary") has entered into a
partnership with Serious Seeds B.V. (“Serious Seeds”). Serious
Seeds is a world renowned and highly acclaimed Dutch seed bank
known for breeding premium cannabis strains, including AK-47,
Chronic, Bubble Gum, Serious Kush, Kali Mist, and White
Russian.
For over 20 years, Serious Seeds have bred a curated catalogue
of classic, high quality, stable cannabis genetics. Their
methodical approach to perfecting an exclusive selection of now
legendary strains, has gained Serious Seeds a flood of accolades
and awards within the cannabis community.
“Selecting the highest quality genetics is a fundamental aspect
of producing premium cannabis, so we are delighted to be joining
forces with such a distinguished and globally recognized breeder as
Serious Seeds,” said Randall MacLeod, CEO of Canary Rx Inc.
“This is just one strategic partnership for Canary as we position
ourselves to become Canada’s preferred producer of premium cannabis
products.”
The groundbreaking partnership will see Serious Seeds breeding
their original strains at Canary’s 44,000 sq ft facility in Norfolk
County, Ontario, as well as developing new genetics for the
emerging recreational market. Canary will also have exclusive
access to Serious Seeds’ current catalogue of strains in Canada and
other legal territories, providing growers with a legal avenue to
obtain world class genetics.
“Serious Seeds has placed careful consideration into selecting
an appropriate cannabis producer with which to share our genetics,”
said Simon Smit from Serious Seeds. “We’ve been approached by other
Licensed Producers, but Canary appealed to us because of the
unrivaled talent of their growers, their superior cultivation
techniques, and our shared philosophy of quality over quantity.
Serious Seeds has always been about breeding the best strains, not
the most strains, and that will be our continued focus.”
Serious Seeds has earned its reputation over decades, despite
significant legal and regulatory restraints. Such passion,
dedication and expertise is a relatively untapped resource, often
overlooked by the deluge of industry newcomers. Canary will
continue to seek out partnerships with veterans of the cannabis
community that deserve recognition in the newly emerging legal
market.
About Target Group Inc. (OTCQB:
CBDY)
Target Group, Inc. is a diversified and vertically integrated
progressive company with focus on both national and international
presence. The Company operates a wholly owned late stage Canadian
licensed producer regulated under Health Canada’s Access to
Cannabis for Medical Purposes Regulations (ACMPR): Canary RX, which
operates a 44,000 square foot facility located in Norfolk County,
Ontario. The Company has begun structuring multiple international
production and distribution platforms and intends to continue
rapidly expanding its global footprint as it focuses on building an
iconic brand portfolio whose focus aims at developing cutting edge
Intellectual Property among the medical and recreational cannabis
markets. Target Group is committed to building industry-leading
companies that transform the perception of cannabis and responsibly
elevate the overall consumer experience.
About Canary RX Inc.
Canary Rx Inc. ("Canary") is in the final stages of obtaining a
license to cultivate cannabis under the Cannabis Act. Situated in
Ontario's Garden, Norfolk County, Canary lies nestled amongst the
shores of Lake Erie in a vibrant, agricultural community. Our
44,000 sq. ft. facility is engineered to meet strict quality
control standards and will be equipped with the latest
environmental control technology. Once complete, it's expected to
produce 3,600kg of cannabis per year. Canary is currently
positioning itself as a premium cannabis lifestyle brand, with a
focus on producing pure, curated, cannabis products. Our modern,
minimalist branding will grow with the company, and evolving social
and political conditions, situating us to appeal to both medical
and recreational markets.
About Serious Seeds B.V.
Serious Seeds is the home of the classic, proprietary,
award-winning cannabis strains AK-47, Bubble Gum, Chronic, Kali
Mist, White Russian, Warlock, Double Dutch, Biddy Early,
Motavation, Serious 6, Autoflowering White Russian #1, Serious
Happiness, Serious Kush, CBD-Chronic, CBD-enriched Warlock and
Strawberry-AKeil. We offer the best quality cannabis strains
available in the market since 1994. As of November 2018, our
strains have received more than 101 awards in different Cannabis
competitions around the world. Our philosophy is to develop easy to
grow, stable, and homogenous genetics for medicinal and
recreational cannabis users.
Forward-Looking Statements Disclaimer: This press release
contains forward looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. In some cases, you
can identify forward-looking statements by the following words:
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "ongoing," "plan," "potential," "predict,"
"project," "should," "will," "would," or the negative of these
terms or other comparable terminology, although not all
forward-looking statements contain these words. Forward-looking
statements are not a guarantee of future performance or results,
and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved.
Forward-looking statements are based on information available at
the time the statements are made and involve known and unknown
risks, uncertainties and other factors that may cause our results,
levels of activity, performance or achievements to be materially
different from the information expressed or implied by the
forward-looking statements in this press release. This press
release should be considered in light of all filings of the Company
that are contained in the Edgar Archives of the Securities and
Exchange Commission at www.sec.gov.
Rubin Schindermann Chief Executive Officer 647 927 4644
Target (PK) (USOTC:CBDY)
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