Organic Flower Investments Group Inc. (CSE: SOW)(FWB:
2K6)(OTC: QILFF) ("Organic Flower" or
“OFIG” or the
“Company”) is
pleased to announce the Company has entered into a definitive
agreement to acquire 80 per cent of Canada Cannabis Therapeutics
Company (“CCTC”). CCTC controls the rights to a proprietary
manufacturing process and formulation catalogue for a
Nicorette-inspired medicinal cannabinoid product line.
Concurrently, Organic Flower has entered into a definitive
agreement to acquire 80 per cent of the Colorado Science Company
(“Colorado Science”). Colorado Science holds claim to a robust
library of cannabinoid product formulations equipped with patented
micro-diffusion technology, resulting in rapid onset effects and
cannabinoid uptake.
Collectively, the agreements provide the Company increased
exposure to an array of downstream assets and unique product
formulations including:
- Nicorette-inspired sublingual cannabinoid product line;
- Patented micro-diffusion technologies;
- Diverse product formulation portfolio;
- Highly scalable proprietary manufacturing; and,
- Access to ISO-certified laboratories;
The aforementioned acquisitions amplify Organic Flower’s
downstream competencies by way of elevated cultivation, processor
and distribution capabilities, solidifying the Company’s market
leader status as the next phase of cannabis normalization shifts
towards consumer-focused product offerings.
Organic Flower will leverage its unbridled access to European
distribution networks comprised of 80,000 end retail outlets and
pharmacies to market and sell its innovative product formulations
and Nicorette-inspired sublingual cannabinoid product line.
PATENTED CANNABINOID-INFUSED FORMULATIONS
LIBRARY
Organic Flower has obtained the Canadian exclusive rights to a
portfolio of cannabinoid-infused product formulations from a global
formulations provider with over three decades of experience working
with leading consumer product goods (“CPG”) brands. Colorado
Science has engaged a roster of food engineers, nutritionists and
scientists to optimize bioavailability, consistent dosing protocols
and flavouring of the Organic Flower’s licensed formulations.
The Company will continue to leverage its production and
processing assets, while further activating it’s downstream
activities by launching cannabinoid-infused beverages, edibles and
personal care products; specifically formulated with patented
micro-diffusion technologies.
Under the terms of the agreement, Organic Flower will
incorporate its patented micro-diffusion technologies to develop
the following stock keeping units (“SKUs”):
- Gum, gummies, chews, mints, hard candy, pressed tablets and
capsules;
- Teas, coffees, protein drinks;
- Pet-centric products;
- Skincare lotions; and
- Bath bombs
Organic flower will also collaborate with Colorado Science to
scale its manufacturing processes and testing protocols at
ISO-certified laboratories. These proprietary formulation and
manufacturing processes are specifically adapted to ensuring
consistent dose delivery, while maintaining taste and texture
integrity. Organic Flower’s patented formulations will be adjusted
based on variables including:
- Altitude;
- Barometric pressures;
- Production time of day; and
- Humidity.
Joel Dumaresq, Chief Executive Officer and a Director of Organic
Flower stated: “These tactical acquisitions from proven operators
further augment our existing portfolio of cannabinoid-infused
food/beverage product formulation and manufacturing assets. Turnkey
solutions including ingredient sourcing, manufacturing, testing,
analytics to will further crystalize Organic Flower’s pole position
as a thought leader throughout the next phase of cannabis
normalization.
With the Canadian market primed to embrace formal regulations
regarding cannabis edibles and beverages and legal cannabis in
Canada expected to increase at a 44% CAGR to $5.2 billion over the
next 5 years1, Organic Flower is set to capture a significant
proportion of this lucrative marketplace.”
NICORETTE-INSPIRED SUBLINGUAL CANNBINOID PRODUCT
LINE
Organic Flower has also secured the rights to a proprietary
manufacturing system enabling the production of cannabinoid-infused
therapeutic gum, chewable tablets, and tablet/capsules.
The Company’s next generation line of medicinal-use cannabis
products inspired by popular demand of Nicorette’s therapeutic
products which boast the following:
- PROPRIETARY DUAL-DELIVERY TECHNOLOGY: Advanced patented
processes reduce surface tensions, increase binding of molecules
and enable homogenous mixing;
- RAPID SUBLINGUAL ACTIVATION: Optimized absorption methodologies
facilitates rapid an onset within the first 15 minutes of
application; and
- METABOLISM EFFICACY: Metabolizes in the liver to create a more
lasting effect
Under the terms of the respective definitive agreements, the
Company will issue 5 million common shares in the capital of
Organic Flower to the shareholders of CCTC and 5 million common
shares in the capital of Organic Flower to the shareholders of
Colorado Science (collectively, the “Consideration Shares”). The
Consideration Shares are subject to a 6-month hold period from the
date of issuance.
OFIG’s acquired interest in CCTC and Colorado Science will form
part of the asset sale to AgraFlora Organics International Inc.
(“AgraFlora”). As previously announced on May 23, 2019, it is
anticipated that the sale price for the sale assets will be
comprised of 1.15 shares of Agraflora for each one (1) issued and
outstanding share of OFIG at the time of closing of the asset
sale.
ABOUT ORGANIC FLOWER INVESTMENTS
Organic Flower, an investment holding firm, is leveraging
strategic relationships, proprietary investments and exclusive
partnerships with pre-eminent international cannabis cultivators
and formulators for the development of best-in-class products and
brands to be marketed and distributed throughout its global
footprint.
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.
____________1 https://www.bnnbloomberg.ca/cannabis-research-firm-cuts-estimates-on-canada-pot-market-to-us-5-2b-by-2024-1.1241294
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