August 25, 2016 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG) (“Alliance Growers” or the “Company”) is pleased to provide a progress report with regard to discussions and due diligence of WFS PharmaGreen Inc. (“PharmaGreen”), and Canna Companion Products, Inc. (“Canna”). Canna is a wholly owned subsidiary of PharmaGreen that produces and sells safe and effective cannabinoid infused pet products www.cannacompanionusa.com.
Alliance continues its review of Canna operations. Canna is the result of over 16 years of research into the endocannabinoid system. By applying the scientific principles of veterinary medicine and pharmacology combined with multidisciplinary research and Canna’s own testing and informal clinical trials, Canna has developed and refined Canna to where it can be a part of your dog and cat’s holistic care.
Alliance and PharmaGreen continue to pursue discussions regarding the development of a 40,000 square foot facility (the “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.
Alliance has continued further due diligence on the proprietary Tissue Culture “Chibafreen Invitro Plant Production System” as well as further discussions regarding additional joint business interests and opportunities with PharmaGreen, including the potential of a full merger between PharmaGreen and Alliance.
To finance the development of the Facility, 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.
In order to increase market awareness and to assist with initial financing prior to our European financing, Alliance has been in discussions with a Canadian based merchant capital firm. In addition to assisting Alliance in assessing its market needs and providing necessary solutions, this firm can help the Company establish lasting and valuable long term relationships with their clients and the financial community throughout North America. It is anticipated that such a relationship would augment the DGWA program for Europe.
Commenting on the potential merger with PharmaGreen including Canna Companion, Dennis Petke, Alliance Growers President and CEO said, “As we continue our due diligence, we are increasingly impressed with the various business components and expertise that make up the entire PharmaGreen package as we move toward a possible full merger. We are very pleased that the Canna Companion business, along with the other PharmaGreen business components plus the new opportunities that have been developed collectively over the past two months, round out the four areas of our Four Pillars Organizational Plan”.
Mr. Petke continues, “A full merger with PharmaGreen including Canna Companion would uniquely position the Company in the pet products market by having the only cannabis formulation for pets that has been developed over two decades of research and development. Along with new product development, the Company will be able to sustain itself as the leader in this rapidly growing sector of the US and international pet product marketplace. We would like to thank our shareholders for their continued support and patience: we truly believe our vision of a successful global cannabis company is within reach”.
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 has advanced on its discussions regarding joint business interests and opportunities with PharmaGreen, including a potential full merger of PharmaGreen and Alliance Growers, subject to continued extensive due diligence and analysis. For further information please visit the Company’s corporate website at www.alliancegrowers.com or the Company’s profile at www.sedar.com.
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WFS Pharmagreen Inc. is a private company located in Mission, B.C. that is in the business of manufacturing and marketing cannabis-hemp based products for animals and owns the exclusive international rights to all present and future Canna Companion formulations and products. The Company’s executive management team and its advisory committee are composed of a significant mix of professionals that have been carefully gleaned from the fields of private and public company management; veterinary science; human medical science; marketing, branding and business development capped with unparalleled academic and celebrity endorsement. The Company’s animal products are developed under its 100% owned subsidiary Canna Companion Products, Inc. based in Washington State, U.S.A. Canna operates a 5,000 sq. ft. facility for product formulation, fulfillment and customer care center in Monroe, Washington in support of its U.S. based sales for all levels, distributors, dealers, and e-commerce of the Canna Companion products, www.cannacompanionusa.com .
DGWA, the German Institute for Asset and Equity Allocation and Valuation, is a partner for the European Financial Markets – known and respected as one of the leading German Investment Banking Boutiques for providing global small and mid-cap Financial Advisory Services.
They build solid, substantial and comprehensive bridges for listed and non-listed companies to investors, financial institutions and multipliers like press and media and offer finest financial engineering solutions, tailor made for their clients.
DGWA’s management team runs a 25-year track record in trading, investing and analyzing SME’s around the world. It has been so far involved in over 250 IPO’s, financings, bond issues, dual listings and corporate finance transactions, as well as corresponding road shows and awareness campaigns.
DGWA is based in Frankfurt, home of the European Central Bank, centre of Europe’s financial activities and neighbours with various leading and specialized financial institutions – located in the heart of Europe and easily accessible via one of the largest airports in the world.
About the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse: FWB):
According to the FWB website, an estimated 45 percent of Europe’s top 300 companies have their primary listing on the London or Frankfurt exchanges. The Frankfurt Stock Exchange is an international trading centre with more than 215 market participants, 50% of which are from countries other than Germany. The FWB is one of the world’s largest stock exchange for securities trading and ranks 10th in the “Trillion Dollar Club”. With 90 per cent of its turnover generated in Germany, namely at the two trading venues Xetra® and Börse Frankfurt, it is the largest of the seven regional securities exchanges in Germany. Besides the specialist trading at Frankfurt Stock Exchange, its fully electronic trading system Xetra® is one of the leading electronic trading platforms in the world. With the launch of Xetra in 1997, the Frankfurt Stock Exchange strengthened its competitive position and created attractive framework conditions for foreign investors and market participants. The FWB was founded over four hundred years ago in 1685 and is operated by Deutsche Borse AG.
On behalf of the board of directors of
ALLIANCE GROWERS CORP.
President and CEO
For more information contact:
FORWARD LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. More particularly and without limitation, the news release contains forward-looking statements and information relating to the use of proceeds of the Financing, as well as the Company’s corporate strategy. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company, including, without limitation, the Company’s ability to carry out its business plan following the issuance of the required licenses by Health Canada. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct.
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