AgraFlora Organics Introduces Organic Lip Balm SKU into 200 Gateway Newstands Locations
November 14 2019 - 3:05AM
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 the Company has received a purchase order
from Gateway Newstands (“Gateway”) for its Whole Hemp Health
(“WHH”) organic lip balm SKU.
Optimized for North American climates and seasonal variations,
the Company’s WHH lip balm SKU creates a powerful consumer aid to
ensure healthy lips against all weather conditions. It is
formulated with a proprietary blend of 100 per-cent Canadian
organic cannabis sativa seed oil, beeswax and honeycomb.
Gateway’s purchase order and subsequent listing of a secondary
AgraFlora SKU secures additional high-visibility Canadian shelf
space for the Company’s expanding line of organic cannabis sativa
seed oil infused consumer packaged goods (“CPGs”). The Company was
awarded approved supplier status by Gateway on October 9, 2019 and
now boasts two unique SKUs on the shelves of Gateway’s 200
high-traffic storefronts.
GATEWAY NEWSTANDS
Gateway, North America’s premier newsstand retailer boasts over
200 Canadian brick-and-mortar locations, which are strategically
situated in high-traffic major urban centres, including key transit
networks, major office towers, shopping malls, hospitals, casinos,
premium food service locations and lottery kiosks.
WHOLE HEMP HEALTH
By way of its wholly owned, cannabinoid-infused
cosmetics/topicals subsidiary, Canutra Naturals Ltd. (“Canutra”),
AgraFlora is equipped with robust cultivation, extraction,
manufacturing and distribution capabilities from Canutra’s flagship
facility in Kent County, New Brunswick. Canutra owns and operates
76 acres of unzoned agricultural land, including 1,000 feet of
river frontage.
Canutra’s New Brunswick facility, formerly a federally-owned
farm and research facility, boasts over 17,500 square feet of
commercial-grade production facilities, as well as 12 separate
free-standing structures. Canutra was granted an industrial hemp
licence by Health Canada for its New Brunswick land parcel, as well
as a Health Canada cannabis research licence.
Canutra manufactures and distributes premium personal care,
cosmetics and cannabinoid-infused product lines including a suite
of trusted consumer brands such as WHH; a Canadian all-natural,
hand-made skin care line, formulated with 100-per-cent Canadian
organic cannabis sativa seed oil. Canutra markets its WHH products
by way of brick-and-mortar retail outlets, Amazon Prime, as well as
direct-to-consumer, through an integrated Shopify e-commerce
platform.
Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora
stated: “The introduction of a second AgraFlora SKU into Gateway’s
diverse retail channels further substantiates the premium
attributed of our organic cannabis sativa seed oil infused CPGs.
The rapid expansion on our WHH product suite onto the shelves of
high-traffic retailers, including Gateway is indicative of our
innovative formulations, coupled with impactful marketing
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 Services Canada Inc. 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.
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