Alliance Growers To Invest in CannaCompanion
BRIM & Alliance to Jointly Develop Cannabis Focused Botany Centers
November 15, 2016 – Vancouver, B.C. – Alliance Growers Corp. ("Alliance Growers" or the "Company") is pleased to announce the Company is in the final negotiation stage for a strategic equity arrangement to assist in financing CannaCompanion Products, Inc. ("Canna"). Canna is a wholly owned subsidiary of WFS PharmaGreen Inc that produces and sells safe and effective cannabinoid infused pet products
The arrangement calls for Alliance Growers to invest CAD$300,000 on favourable financial terms with regard to pricing and warrants, in return for an exclusive long term ("Cannabinoid")
This strategic alliance is the first of many planned initiatives that will provide Alliance Growers with future revenues from the sales of its pharmaceutical grade CBD Oil to the $21Billion Marijuana and Hemp Industry.
The Company's current strategy and focus since announcement of the cannabis focused Botany Center & Lab with BRIM is threefold;
1. Jointly develop cannabis focused Botany Centers around the world that provide services and plantlets to growers in the respective country.
2. Seek out opportunities and joint ventures and investments agreements with growers in exchange for long term plantlet supply contracts, and off take agreements.
3. Become a leading supplier of pharmaceutical grade CBD oil globally.
Commenting on the agreement, Dennis Petke, Alliance Grower's President and CEO stated, "We are very proud of the achievements to date that Alliance Growers has accomplished toward our goal of becoming a truly global cannabis company. We have multiple CBD oil supply contracts and potential investments with growers under negotiation within North America and in other countries. In addition to Alliance Growers providing services and plantlets to growers of all sizes, it is our vision to become the leading supplier of pharmaceutical grade CBD oil globally through long term supply contracts".
The License granted to Alliance Growers will allow it to jointly develop and operate multiple Botany Centres in Canada specializing in the Cannabis industry and will include the following:
1 - B.R.I.M.'s proprietary "Chibafreen Invitro Plant Production System"
Utilizing its proprietary state of art clean tissue culture lab room designed to produce over one million Tissue Culture Plantlets per year. The design is scalable and designed for all flora to serve the entire agriculture industry.
2 - B.R.I.M.'s proprietary Cryotissue Cold Storage
Utilizing the one-of-a-kind Cryotissue Cold Storage technology for tissue culture preservation and regeneration as needed on long term basis.
3 – Extraction Lab
Provide custom profiles for extraction for botanicals oils for retail market.
Provide extraction services as retail services to cultivators.
4 - Botanical DNA Services Laboratory
Certifying plant tissue as the genetic level.
Additional DNA mapping services.
5 - B.R.I.M's proprietary research for cannabis for large commercial scale micro propagation production when permitted.
In addition to the previously announced issuance of 6 million common shares to BRIM and/or persons designated by BRIM, at a deemed price of $0.135 and 3 million warrants exercisable at $0.27 for a period of 2 years to be held in escrow and released in stages, the Company will pay a finder fee in cash and/or shares in the amount of $79,500 for the introduction of BRIM to Alliance.
To finance the development of the cannabis focused Botany Centre, the Company has engaged DGWA, the German Institute for Asset and Equity Allocation and Valuation, known and respected as one of the leading German Corporate Boutiques for global small and mid-cap consulting and investments. As reported on August 18, 2016, Alliance has applied for a listing on the Frankfurt Stock Exchange, as the beginning of a European partnership with DGWA.
About Alliance Growers
Alliance Growers Corp (ACG: CSE) is a diversified cannabis company driven by the Company's 'Four Pillars' Organization Plan - MMPR cannabis production facilities, distribution network, consumer products, and research and development.
Alliance Growers is finalizing an agreement with Botanical Research In Motion International Inc., for a Canada Exclusive License to jointly develop and operate a 40,000 square foot facility to be the first of its kind in Western Canada to house a DNA Botany lab, extraction facility and Tissue Culture Plantlet Production facility to service the Cannabis market and agriculture market in general. The proposed facility will grow Cannabis plantlets using proprietary tissue culture propagation, specifically the "Chibafreen Invitro Plant Production System", which assures consistent composition and purity of each plantlet for the growers. As well, Alliance Growers has been negotiating to obtain exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with existing MMPR licensed and soon-to-be licensed facilities. For further information please visit the Company's corporate website at www.alliancegrowers.com
is a diversified cannabis company