NAPANEE, Ontario, July 05, 2018 (GLOBE NEWSWIRE) -- ABcann Global Corporation (TSX-V:ABCN) (“ABcann”) is pleased to announce that it has completed an agreement with the Alberta Gaming, Liquor & Cannabis Commission (“AGLC”) to supply the province with high-quality cannabis products. Under the terms of the agreement, ABcann will supply the Alberta market with cannabis to meet demand in the adult-use recreational cannabis market, which is set to open on October 17, 2018.
"Signing the supply agreement with ABcann will enable the AGLC to ensure that adult-use customers in Alberta will have access to ABcann’s premium branded cannabis products,'' said Barry Fishman, CEO, ABcann Global. "Our new branding, which will be revealed this summer, is supported by extensive market research. We are confident that our customers will recognize and appreciate our product quality and consistency.”
About ABcann:
ABcann is recognized for high-quality, trusted products and services. It holds production and sales licences from Health Canada, and its flagship indoor cultivation facility in Napanee, Ontario contains proprietary plant-growing technology, centred on its specially designed, environmentally-controlled growing chambers. This approach results in the production of pharmaceutical-grade cannabis products. ABcann is expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, such as Germany, Australia and Israel.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which are statements that are not purely historical, including statements regarding the beliefs, plans, expectations or intentions of ABcann and its management regarding the future. Forward looking statements in this news release include statements relating to: the terms of the agreement with the AGLC; products to be revealed under ABcann’s portfolio of adult use recreational brands; the agreement with ABcann ensuring that Alberta have access to high quality cannabis under premium brands; and ABcann’s brands bringing premium quality and consistency to cannabis consumers in Alberta. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including: (i) that the agreement with AGLC may not be performed as expected or at all; (ii) that ABcann may not reveal a portfolio of adult use recreational brands; (iii) that the agreement may not provide Albertans with access to high quality cannabis under premium brands; (iv) that ABcann’s brands may not bring premium quality and consistency to cannabis consumers in Alberta; and (v) other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits ABcann will obtain from them. Readers are urged to consider these factors, and the more extensive risk factors included in ABcann’s annual information form dated April 30, 2018, which is available on SEDAR, carefully in evaluating the forward-looking statements contained in this news release, and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements in this news release are made as of the date hereof and ABcann disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
image: https://www.globenewswire.com/newsroom/ti?nf=NzMyMzIxMiMyMzkwMzI5IzIwODUwNzk=
For more information about ABcann, please contact: Barry Fishman: barry.fishman@abcannglobal.com Michael Bumby: michael.bumby@abcannglobal.com
image: https://resource.globenewswire.com/Resource/Download/7c05c142-bec7-4766-93f7-837bb16569a3?size=1
image: https://www.globenewswire.com/newsroom/ti?ndecode=NzA2NDAjNzMyMzIxMg==
