AgraFlora Organics Provides Guidance and Facility Expansion Updates at Toronto, ON Brewhouse; Increases Production Capacities...
June 25 2019 - 3:05AM
AgraFlora Organics International Inc.
(“
AgraFlora” or the
“
Company”) (
CSE: AGRA) (Frankfurt:
PU31) (OTCPK: PUFXF), a growth oriented and diversified
international cannabis company, is pleased to provide the following
operational guidance and retrofit updates pertaining to its ongoing
facility expansion initiatives at the Brunswick Bierworks’ facility
(the “Brewhouse”), located in Toronto, Ontario:
- Increase of annual production capacities to over 130,000
hectolitres (“hl”);
- 30% increase over previous maximum volume capacity;
- By comparison, Canadian brewer Steam Whistle Brewing produces
approximately 95,000 hl on an annualized basis;
- Access to additional off-site contingent brewing capacity;
- Installation of dedicated cannabinoid-infused beverage
packaging line equipped with four, six and 12 can capabilities;
- Customized to incorporate AgraFlora’s patented
pharmaceutical-grade dispensing cap technology and advanced
cannabinoid delivery mechanisms designed to protect volatile
ingredients such as cannabinoids, antibiotics, probiotics, vitamins
and minerals resulting in superior shelf stability for infused
bottled beverages;
- Product formulation and batch testing projected to commence in
fiscal Q3 2019;
- Developed by a roster of brew masters to better replicate the
profile of traditional alcoholic beverages;
- Forecasted commercial production scheduled for fiscal Q4 2019,
corresponding with proposed Health Canada regulations;
- Planned development of an adjoined, dedicated
cannabinoid-infused beverage tasting and viewing facility;
and,
- Ongoing retrofit and required licensing of existing, on-site
captive research, development and testing facility.
By way of an exclusive partnership agreement with prominent
Canadian brewing collective Brunswick Bierworks, AgraFlora holds
claim to the exclusive formulation, manufacturing and distribution
rights for all cannabinoid-infused beverages developed at
Brunswick’s Toronto, Ontario Brewhouse. Equipped with custom
production equipment, captive research, development and testing
facilities, as well as established brewing infrastructure, the
Brewhouse now boasts annual output capacity capabilities in excess
of 130,000 hl.
AgraFlora and Brunswick Bierworks continue to aggressively
pursue expansion activities at its state of the art Brewhouse. Upon
completion of the facility retrofit and planned expansion
initiatives, aggregate capital expenditures deployed on the
Brewhouse will exceed C$20 million. Composed of a consortium of
experienced brewery partners, the Brewhouse has completed multiple
production runs for prominent European beverage brands, such
as:
- Guinness;
- Augustiner; and,
- Innes & Gunn.
Proprietary brewing processes and associated technologies firmly
position the Brewhouse at the forefront of non-alcoholic,
cannabinoid-infused beverage development. This partnership
positions AgraFlora at the forefront of the Canadian cannabis
beverage industry, affording the Company preeminent exposure to a
collective of domestic and global brewery partners, as well as
further crystallizes a leading production platform for the
company's carbonated beverage product offering, including:
- Non-alcoholic beers;
- Seltzers; and,
- Ready-to-drink (“RTDs”) beverages.
Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora
stated: “AgraFlora’s exclusive partnership with Brunswick Bierworks
further bolsters the Company's position as Canada's premier
cannabinoid-infused beverage consolidation platform. With Canada’s
planned legalization of cannabis edibles/beverages later this year,
AgraFlora had the corporate foresight to enter the cannabis
beverage market early on, thus solidifying the brewing
infrastructure, supplier relationships and product formulations
required to achieve significant market share.
Augmented by Brunswick Bierworks’ proprietary brewing processes
and best in class facility, we expect to bring to Canadian
consumers cannabinoid-infused beverages that address the major
issues currently limiting appeal of this category in other markets,
a beverage that 1) actually tastes good and 2) provides an
immediate and controllable cannabis experience.
This is the most opportune time to be a first mover within the
adult-format beverage market vertical, further substantiated by the
pending legalization of cannabis-infused edibles, which prohibits
the combination of cannabis and alcohol.”
The Brewhouse has also secured additional capacity for packaged
products to be brewed off-site. Complementary off-site capacity
augurs well for AgraFlora’s mission to retain a first-mover
advantage within the cannabinoid-infused beverage marketplace.
Additionally, AgraFlora and Brunswick are finalizing the
installation of a dedicated cannabinoid-infused beverage packaging
line; with four, six and 12 can capabilities- customized to
incorporate AgraFlora’s patented pharmaceutical-grade dispensing
cap technology and advanced cannabinoid delivery mechanisms.
Designed to protect volatile ingredients such as cannabinoids,
antibiotics, probiotics, vitamins and minerals, the Company’s
pharmaceutical-grade dispensing cap technology has shown to promote
superior shelf stability for infused bottled beverages.
Together, these retrofit initiatives coupled with planned
follow-on Brewhouse enhancements and operational modernizations
represent a multi-million dollar capital investment that will usher
in a new age in world-class carbonated beverage formulation,
production and packaging.
AgraFlora is also pleased to announce the launch of the
company's redesigned website, which can be viewed on-line at
https://www.agraflora.com/. The Company encourages all current and
potential shareholders to visit the website and explore AgraFlora
recently completed rebranding and redesign initiatives.
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a growth oriented and
diversified company focused on the international cannabis industry.
It owns an indoor cultivation operation in London, ON and is a
joint venture partner in Propagation Service Canada and its
large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The
Company has a successful record of creating shareholder value and
is actively pursuing other opportunities within the cannabis
industry. For more information please visit: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Brandon Boddy Chairman & CEOT: (604) 682-2928
For additional information:
AgraFlora Organics International Inc. Tim
McNultyE: ir@agraflora.com T: (800) 783-6056 |
For French
inquiries: Remy Scalabrini, Maricom Inc.E: rs@maricom.ca T:
(888) 585-MARI |
The CSE and Information Service Provider have
not reviewed and does not accept responsibility for the accuracy or
adequacy of this release.
Forward-looking Information Cautionary
Statement
Except for statements of historic fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements
including, but not limited to delays or uncertainties with
regulatory approvals, including that of the CSE. There are
uncertainties inherent in forward-looking information, including
factors beyond the Company’s control. There are no assurances that
the business plans for AgraFlora Organics described in this news
release will come into effect on the terms or time frame described
herein. The Company undertakes no obligation to update
forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and
uncertainties that could affect financial results is contained in
the Company’s filings with Canadian securities regulators, which
are available at www.sedar.com.
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