June 7, 2017 – Vancouver, B.C. – Alliance Growers Corp. (CSE: ACG; FWB: 1LA; WKN: A2DFYX) (“Alliance Growers” or the “Company”) is pleased to report that the Company is in the process of listing a second class of shares on the Canadian Stock Exchange (“CSE”) as part of the efforts to finance its projects.
As a result of interest from various Financial Institutions representing high net worth clients, the Company plans to list Class A preferred shares which are non-voting, non-convertible and with a dividend. The proposed financing is preferred because Alliance Growers does not want existing shareholders to suffer the dilution that would result from investments of $5 million or higher.
Alliance Growers corporate material has been distributed to the parties who have expressed an interest in financing the Company under a preferred share issuance and we expect those entities to begin further due diligence in the near future.
Commenting on Alliances Growers’ new financing initiative, Dennis Petke, Alliance Growers’ President and CEO commented, “We are very pleased with the interest that we have received from these financial institutions. We view the opportunity to capitalize on a non-dilutive, non-convertible financing as a stamp of approval on our Company’s strategy and business plan from the investment community. We will keep shareholders informed as the financing progresses.”
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.
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On behalf of the board of directors of
ALLIANCE GROWERS CORP.
“Dennis Petke”
Dennis Petke
President and CEO
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