August 2017

August 31, 2017 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG; FWB: 1LA; WKN: A2DFYX) (“Alliance Growers” or the “Company”) is pleased to announce that the Company and its business partner, Botanical Research in Motion Inc. (“BRIM”), are in the preliminary stages of preparing for an Access to Cannabis for Medical Purposes Regulations (“ACMPR”) application with Health Canada, now that the offer to purchase the property for the Cannabis Botany Centre has been accepted.  The purchase will close on September 5, 2017 and immediately thereafter BRIM and Alliance Growers will work together to complete the ACMPR application.

The ACMPR Application will initially be for the 40,000 square foot Cannabis Botany Centre, however expansion plans will include a combination of greenhouse and indoor grow facilities of up to 1 million square feet on the 25 acre farm land acquired in Dewdney Derouche, Mission, BC, Canada.

Terms of the new business partnership will be detailed in a future press release whereby BRIM and Alliance Growers will be working together to finance the construction of the Cannabis Botany Centre facility. The selected property is located at 38482 Bell Road, Dewdney Derouche, Mission, BC and consists of 25.44 acres of land with some of the best water quality in the Greater Fraser Valley. This property has R-3 zoning to be converted to ALR and is located in the Fraser Valley Agricultural Belt, just 75 minutes East of Vancouver. This property is ideal for the Cannabis Botany Centre. Mr. Wojcik, CEO of BRIM, has previously received approval from the municipality under the former Marijuana for Medical Purposes Regulations (“MMPR”) regulations for use in this area on a different project.

Dennis Petke, Alliance Growers’ President and CEO commented “We are very pleased with BRIM’s decision to purchase the land immediately as part of a new partnership to develop the Cannabis Botany Centre. This clears the path for Alliance Growers to close on some of its current financing initiatives and finally begin to execute on this significant portion of its business plan. This is what the team at Alliance Growers and our investors have been waiting for.  Getting the ACMPR applicationunderway is a game changer for Alliance Growers as it will advance financing for all of our projects, especially the construction of the facility.  I believe that news of the commencement of the ACMPR will make our upcoming RAI$E on the West Coast investor conference and September roadshow a tremendous success.”

The Cannabis Botany Centre will utilize the proprietary Chibafreen Invitro Plant Production System, which assures consistent composition and purity for each plantlet, and proprietary Cryotissue Cold Storage technology.  The first Cannabis Botany Centre is the staged development of a 40,000-square foot facility to be in Mission, B.C. The facility will be the first of its kind in Western Canada to include a DNA Botany lab, extraction facility and tissue culture plantlet production facility. The Botany Centre will have the ability to not only service the cannabis market, but other plant-based agricultural markets as well.

The Alliance Growers/BRIM Cannabis Botany Centre will offer customers:

– Disease free, genetically perfect plantlets to growers of all sizes

– Botanical DNA services for certifying plant tissue at the genetic level

– Cold storage technology for tissue culture preservation; and

– Extraction services for CBD oils for retail markets.

Alliance Growers is also pleased to report that the Company has accepted an invitation to participate in the renowned RAI$E on the West Coast Small Cap One-on-One Capital Conference in Vancouver on September 8-9, 2017.

RAI$E is a two-day conference connecting small cap companies and finance professionals and investors for a series of pre-scheduled One-on-One meetings. The conference hosted 20 companies & 20 Investor Groups. Each company meets each Investor Group for a total of 20 meetings, between 9am-4pm.  One significant advantage for Alliance Growers is that we will be the only Cannabis Company at the RAI$E conference that was asked to return.

Given the success of the Company’s participation in the RAI$E at the Stampede conference in July, Alliance Growers has decided to kick off its Fall marketing program with the conference. Senior management, including Company CEO and President Dennis Petke, will immediately follow the conference with a two-week road show to pre-set appointments at various destinations across Western Canada.

Commenting on the Company’s participation, Dennis Petke, Alliance Growers’ President and CEO said, “Traditionally the conclusion of the Labour Day weekend brings an enhanced focus on public company corporate activities and marketing efforts. For Alliance Growers, this fall will be a bell weather period for the Company as we begin to bring to fruition the tangible results of our business initiatives as evidenced by the agreement with BRIM for the Cannabis Botany Centre land acquisition. We invite shareholders and potential new investors to watch for exciting announcements over the coming weeks.”

For more information on RAI$E Conferences, visit http://www.raiseconference.com/

About Alliance Growers

Alliance Growers Corp. is a diversified cannabis company driven by the Company’s ‘Four Pillars’ Organization Plan – Cannabis Botany Centre, Strategic ACMPR Investments, CBD Oil Supply and Distribution, and Research and Development.

Alliance Growers is finalizing a new business partnership with Botanical Research In Motion Inc., 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 Cannabis Botany Centre 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.

Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed Producer Applicants at various stages in the Health Canada License process.

For further information, please visit the Company’s corporate website at www.alliancegrowers.com or the Company’s profile at www.sedar.com.

If you would like to be added to Alliance Growers’ news distribution list, please send your email address to newsletter@alliancegrowers.com

On behalf of the board of directors of

ALLIANCE GROWERS CORP.

“Dennis Petke”

Dennis Petke

President and CEO

For more information contact:

 Dennis Petke

Tel: 778-331-4266

DennisPetke@alliancegrowers.com

Rob Grace

Corporate Communications Consultant

Tel: 778-998-5431

RobDGrace@gmail.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

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 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. 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.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks associated with the medical marijuana industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

 


August 24, 2017 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG; FWB: 1LA) (“Alliance Growers” or the “Company”) is pleased to announce that the Company has received consideration from European financing groups for funding.

Alliance Growers has been approached by another respected, experienced European investment group with an offer of multiple financing options on favourable terms that are optimally triggered by the various stages of the Company’s current and future needs, to prevent dilution to existing shareholders. The group is able to accommodate Alliance Growers on the following financing options; Equity financing in the form of straight equity or equity lines similar to Alliance Growers previously announced financing with Alumina Partners, debt financing as low as 6%, and convertible loan financing convertible at much higher stock prices.

The most significant benefit of the potential engagement is the introduction to key strategic investors. For example, this particular group has the ability to make introductions to strategic investors who are already involved in the cannabis space in Europe, such as CDB oil distribution in Germany.  Of particular note, this group, in addition to working with European and North American companies, have also been working with financing projects in Brazil and Latin America for over 10 years.

Dennis Petke, Alliance Growers’ President and CEO commented “We are providing this group with a summary of our cash requirements and timing for funding the Cannabis Botany Centre, strategic investments in Licensed Producers and Licensed Producer applicants, our CBD Oil investment with the Israeli medical cannabis company and the Cannabis Marketplace App.  They are quite anxious to work with us on very favourable terms.  This comes at a very opportune time as we secure the land this month for the Cannabis Botany Centre.”

About Alliance Growers

Alliance Growers Corp. is a diversified cannabis company driven by the Company’s ‘Four Pillars’ Organization Plan – Cannabis Botany Centre, Strategic ACMPR Investments, CBD Oil Supply and Distribution, and Research and Development.

Alliance Growers is finalizing a new business partnership with Botanical Research In Motion Inc., 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 Cannabis Botany Centre 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.

Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed Producer Applicants at various stages in the Health Canada License process.

For further information, please visit the Company’s corporate website at www.alliancegrowers.com or the Company’s profile at www.sedar.com.

If you would like to be added to Alliance Growers’ news distribution list, please send your email address to newsletter@alliancegrowers.com

On behalf of the board of directors of

ALLIANCE GROWERS CORP.

“Dennis Petke”

Dennis Petke

President and CEO

For more information contact:

 Dennis Petke

Tel: 778-331-4266

DennisPetke@alliancegrowers.com

Rob Grace

Corporate Communications Consultant

Tel: 778-998-5431

RobDGrace@gmail.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

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 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. 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.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks associated with the medical marijuana industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

 


August 16, 2017 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG; FWB: 1LA) (“Alliance Growers” or the “Company”) is pleased to announce that its business partner, Botanical Research In Motion Inc. (“BRIM”), is in final stages of the offering process for purchase of a 20 acre property for the Cannabis Botany Centre in Mission, British Columbia (“B.C.”) with an expected closing date within 30 days.

Once the property is fully secured, the application process will begin immediately.  BRIM and Alliance Growers will work together to finance the construction of the facility, now that BRIM has agreed to finance the purchase of the land.  The selected property consists of 20 acres of land near Mission, B.C., with some of the best water quality in the Greater Fraser Valley.  This property has zoning that is approved for Health Canada Licenced Producer facilities.  Located in the Fraser Valley Agricultural Belt, just 75 minutes East of Vancouver, this property is ideal for the Cannabis Botany Centre. Mr. Wojcik, CEO OF BRIM, has previously received approval from the municipality under the former MMPR regulations for use in this area on a different project.

Dennis Petke, Alliance Growers’ President and CEO commented “We are very pleased with BRIM’s proposal to purchase the land as part of a new partnership with Alliance Growers to develop the Cannabis Botany Centre. This paves the way for Alliance Growers to move full speed ahead with its various financing initiatives to do its part to provide the financing required for construction of the facility.”

The Cannabis Botany Centre will utilize the proprietary Chibafreen Invitro Plant Production System, which assures consistent composition and purity for each plantlet, and proprietary Cryotissue Cold Storage technology.  The first Cannabis Botany Centre is the staged development of a 40,000-square foot facility to be located in Mission, B.C.. The facility will be the first of its kind in Western Canada to include a DNA Botany lab, extraction facility and tissue culture plantlet production facility. The Botany Centre will have the ability to not only service the cannabis market, but other plant-based agricultural markets as well.

Alliance Growers’ Cannabis Botany Centre will offer customers:

  • Disease free, genetically perfect plantlets to growers of all sizes
  • Botanical DNA services for certifying plant tissue at the genetic level
  • Cold storage technology for tissue culture preservation; and
  • Extraction services for CBD oils for retail markets.

Alliance Growers is building strategic partnerships and distribution networks to secure long-term plantlet supply contracts and flower off-take agreements for CBD oil extractions.

About Alliance Growers

Alliance Growers Corp. is a diversified cannabis company driven by the Company’s ‘Four Pillars’ Organization Plan – Cannabis Botany Centre, Strategic ACMPR Investments, CBD Oil Supply and Distribution, and Research and Development.

Alliance Growers is finalizing a new business partnership with Botanical Research In Motion Inc., 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 Cannabis Botany Centre 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.

Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed Producer Applicants at various stages in the Health Canada License process.

For further information, please visit the Company’s corporate website at www.alliancegrowers.com or the Company’s profile at www.sedar.com.

If you would like to be added to Alliance Growers’ news distribution list, please send your email address to newsletter@alliancegrowers.com

On behalf of the board of directors of

ALLIANCE GROWERS CORP.

“Dennis Petke”

Dennis Petke

President and CEO

For more information contact:

 Dennis Petke

Tel: 778-331-4266

DennisPetke@alliancegrowers.com

Rob Grace

Corporate Communications Consultant

Tel: 778-998-5431

RobDGrace@gmail.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

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 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. 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.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks associated with the medical marijuana industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

 

 

 

 

 

 

 


August 2, 2017 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG; FWB: 1LA; WKN: A2DFYX) (“Alliance Growers” or the “Company”) is pleased to provide an update on financing and awareness activities.

Alliance Growers has received a proposal from a funding group based out of Germany offering to fund Alliance for up to EUR 10,000,000.  The proposal includes exposing Alliance Growers to its Fundraising Network throughout Europe, Asia and North America. The group assists with structuring various financing initiatives with Institutional investors, and leading the negotiations to maximize the value of the financings.

The Company has been in discussions over the last few months seeking the best funding group to work with Alliance Growers in order to fund and list Class A preferred shares as a non-dilutive financing mechanism.  Alliance Growers is setting up strategic relationships with groups like this so they are ready to facilitate significant equity funding at the appropriate valuation and the appropriate stock price.

The Company has commenced discussions with a firm out of New York that offers a low cost, high impact solution for Alliance Growers to get quoted in the US on either the OTCQB or OTCQX markets. This company works closely with various CSE listed issuers to open the door for US investors to be able to trade the Company’s stock and to provide awareness to a market ten times the size of the Canadian market.  This organization assists companies to achieve greater investor engagement and gain a diverse US shareholder base.

Commenting on the financing, Dennis Petke, Alliance Growers’ President and CEO stated, “We continue to seek the best financing solutions that are non-dilutive, where possible, that fit the timing of our various projects.  As well, management continues to work on closing private placements by getting the message directly to both investors and brokers. We are planning two roadshows over the coming two months featuring multiple investor presentations arranged by third parties, as well as those that are internally generated.  We invite investors to watch for upcoming fundraising events, similar to the Calgary investor conference”.

Dennis Petke further commented on the potential for a US listing, “It is well known that the SEC recognized markets (OTCQB and OTCQX) can assist Canadian listed companies in gaining far greater US investor interest, trading volume, to achieve a more accurate, fair valuation with greater liquidity. Getting quoted and/or listed in the US does not add a heavy burden to our reporting requirements, thus no significant incremental ongoing costs. Although Alliance Growers has responded to many queries from US investors, to date we have only been able to secure a handful of US shareholders.  This is because most investors, brokers and advisors are either unwilling or unable to trade or recommend Canadian stock in the US for a variety of reasons, unless they are quoted on the OTCQB or OTCQX and other large exchanges.  It is our objective to get our story out to as wide an audience as possible as quickly as possible, fund our projects in the most efficient manner possible, and build value for our shareholders”.

About Alliance Growers

Alliance Growers Corp is a diversified cannabis company driven by the Company’s ‘Four Pillars’ Organization Plan – Cannabis Botany Centre, Strategic ACMPR Investments, CBD Oil Supply and Distribution, and Research and Development.

Alliance Growers has executed 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 Cannabis Botany Centre 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.

Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed Producer Applicants at various stages in the Health Canada License process.

For further information, please visit the Company’s corporate website at www.alliancegrowers.com or the Company’s profile at www.sedar.com.

If you would like to be added to Alliance Growers’ news distribution list, please send your email address to newsletter@alliancegrowers.com

On behalf of the board of directors of

ALLIANCE GROWERS CORP.

“Dennis Petke”

Dennis Petke

President and CEO

For more information contact:

 Dennis Petke

Tel: 778-331-4266

DennisPetke@alliancegrowers.com

 Rob Grace

Corporate Communications Consultant

Tel: 778-998-5431

RobDGrace@gmail.com

THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

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 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. 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.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the Company’s ability to identify and complete additional suitable acquisitions to further the Company’s growth as well as risks associated with the medical marijuana industry in general, such as operational risks in development and production delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of the potential market; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securities Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.