Organic Flower to Acquire Exclusive Canadian Rights to a Transformative Dispensing Cap Technology and Delivery Mechanism
April 18 2019 - 12:25PM
Organic Flower Investments Group Inc. (CSE: SOW)(FWB:
2K6)(OTC: QILFF) ("Organic Flower" or
“OFIG” or the
“Company”) is
pleased to announce it has entered into a binding letter of intent
(“LOI”), dated April 17th, 2019, to acquire the exclusive rights to
a portfolio of disruptive cannabis beverage assets and intellectual
property (“IP”). This acquisition will position Organic Flower as
the industry’s sole Canadian manufacturer and distributor of an
innovative beverage dispensing cap technology, equipped with a
proprietary cannabinoid delivery mechanism.
DISRUPTIVE DISPENSING CAP
TECHNOLOGY
Organic Flower’s cannabis-infused beverages will
leverage patented pharmaceutical-grade dispensing cap technology,
as well as advanced delivery mechanisms to provide optimized
ingredient effectiveness for the end consumers. With a simple twist
of the cap, this intuitive technology enables the blending of
premium, preserved cannabinoids into an assortment of bottled
liquids; ensuring the consumer receives the full range of
functional benefits at the moment of consumption.
The state-of-the-art delivery technology is
certified for healthcare and pharmaceutical applications; Organic
Flower anticipates that it will pioneer an elevated industry
standard of quality. The delivery mechanism boasts a patented
airtight and moisture-resistant bottle cap to protect volatile
ingredients such as cannabinoids, antibiotics, probiotics, vitamins
and minerals resulting in superior shelf stability for infused
bottled beverages. The dispensing cap technology allows for
increased efficacy when compared to pre-mixed beverages, which are
susceptible to rapid nutrient deterioration.
Refined over five years, with research and
development expenditures of $30 million, Organic Flower will
leverage its exclusive rights to a marquee dispensing cap
technology and delivery mechanism to revolutionize the North
American cannabinoid-infused beverage marketplace.
Organic Flower plans to offer thoughtfully
curated beverage blends to enhance human performance with three
core formulations – Energy, Relax and Recover. The Company has
paired the advanced cap technology with market tested formulations
to develop drinks that are expected to lead innovation in the
cannabis-infused beverage industry.
Organic Flower will foster the ultimate infused
beverage experience, while focusing on what consumers care about
most:
- POTENCY: Nutrients degrade when
exposed to heat, moisture, and light. The cap protects activities
of the powerful cannabis ingredients and helps to retain their
potency;
- EFFECTIVENESS: Only premium,
science-based, most effective active ingredients have been used in
combination with expertly developed formulations; and,
- FRESHNESS: These proprietary
bottled beverages offer the freshest and crispest flavors, aromas
and color by keeping them protected from light and moisture,
delivering an amazing drinking experience.
Joel Dumaresq, Chief Executive Officer of
Organic Flower, stated: “We take great pride in the careful
selection of our essential ingredients, so that we can assure the
highest quality is provided to consumers and our beverages
maintain and maximize absorption for maximum enjoyment. The
cannabinoid-infused beverages market is forecasted to
reach US$600 million over the next four years and the
acquisition of the exclusive Canadian rights to a suite of
disruptive cannabis beverage assets and IP affords OFIG the
opportunity to capture significant market share in Canada’s nascent
infused beverage industry”.
Upon closing of the transaction, Organic Flower
will issue 9.166 million common shares, based upon the five-day
VWAP of OFIG’s common shares for the five trading sessions prior to
the announcement of the definitive agreement.
The exclusive licensing agreement will extend
for an initial period of 10-years. Organic Flower may also extend
the exclusive licensing agreement for an additional successive
10-year term. The Company may pay a finders fee upon closing of the
transaction.
ABOUT ORGANIC FLOWER
INVESTMENTS
Leveraging strategic relationships, proprietary
investments and exclusive partnerships with preeminent
international cannabis cultivators and formulators for the
development of best in class products and brands to be marketed and
distributed throughout our global footprint.
Via its wholly owned subsidiary, Delta Organic
Cannabis (“DOC”), Organic Flower is launching one of the largest
and most efficient cannabis facilities on the planet. Organic
Flower has control or direction over 44,852,040 common shares of
AgraFlora Organics International Inc. (“Agra”), representing 10.12
per cent of the issued and outstanding share capital of Agra
on a non-diluted basis.
ON BEHALF OF THE ORGANIC FLOWER INVESTMENTS GROUP INC.
BOARD OF DIRECTORS
“Joel Dumaresq”Joel Dumaresq CEO, Director +1 (604)
687-2038info@sowcannabis.ca
Learn more about Organic Flower by visiting our website
at: https://sowcannabis.ca/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release. Forward-looking information includes, but is not limited
to: political changes in Canada and internationally, future
legislative and regulatory developments involving cannabis in
Canada and internationally, the Company’s ability to secure
distribution channels in international jurisdictions, competition
and other risks affecting the Company in particular and the
cannabis industry generally.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any forward-
looking information to reflect events or circumstances after the
date of this release or to reflect the occurrence of unanticipated
events, whether as a result of new information, future events or
results, or otherwise.
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