REPEAT - AgraFlora Organics Awarded Approved Supplier Status By Gateway Newstands, Receives Purchase Order, Gains Access to 2...
October 09 2019 - 8:00AM
AgraFlora Organics International Inc.
(“
AgraFlora” or the
“
Company”) (
CSE: AGRA) (Frankfurt:
PU31) (OTCPK: AGFAF), a growth oriented and diversified
international cannabis company, is pleased to announce that the
Company has entered into a hemp-derived consumer packaged goods
(“CPG”) distribution agreement (the “Agreement”) with Gateway
Newstands (“Gateway”), North America’s premier newsstand retailer.
Gateway has awarded AgraFlora approved supplier status. Gateway
boasts over 200 Canadian brick and mortar locations, which are
strategically situated in high-traffic major urban centers,
including key transit networks, major office towers, shopping
malls, hospitals, casinos, premium food service locations and
lottery kiosks.
On September 26th, 2019 Gateway issued AgraFlora an initial
purchase order to supply a suite of hemp-derived CPGs.
This initial purchase order will secure high visibility Canadian
shelf space for AgraFlora’s CPG product offering across Gateway
locations. AgraFlora and Gateway will also deploy best commercial
efforts to pursue conversations relating to a CBD Supply and
Consulting Agreement, whereby AgraFlora and Gateway may collaborate
to produce a portfolio of CBD-infused CPGs, within eligible
jurisdictions.
Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora
stated: “Gateway’s award of approved supplier status to AgraFlora,
coupled with an initial purchase for our premier hemp-derived
product suite is indicative of our experienced human capital and
CPG manufacturing proficiencies. Gateway is an ideal partner
throughout our pursuit to achieve significant shelf space, due to
their broad target audience, notable brand recognition, and diverse
brick and mortar footprint.
Equipped with scalable manufacturing processes, substantiated by
measurable capital expenditures on property, plant and equipment,
our downstream business units will be well positioned to fulfill
the insatiable demand for the next generation of hemp-derived
CPGs.”
Kevin Farrell, Chief Operating Officer of Gateway Newstands
stated: “We are proud to partner with AgraFlora and offer our
customers more variety and assortment.”
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 is also retrofitting a 51,500-square-foot good
manufacturing practice (“GMP”) edibles manufacturing facility in
Winnipeg, Manitoba. AgraFlora 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) 398-3147
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.
Agra Ventures (CSE:AGRA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Agra Ventures (CSE:AGRA)
Historical Stock Chart
From Jul 2023 to Jul 2024