I.r email
Date: Thursday, May 21, 2020 at 1:04 PM To: Subject: Agra new licence Hi there. Question: What exactly does the new licence mean? Answer: The license in Delta is a cultivation license so we now have the ability to take possession of our previously announced live genetics. We are also able to continue conversations for supply agreements and revenue generation in the 4th quarter. Question: When does agra expect to have a fully operational facilities in Ontario. Winnipeg and b.c? Answer: Ontario has been active. This week we announced a supply agreement with an extractor (through our JV partner). I would imagine we could see at least one if not two quarters of revenue generation in Ontario. Winnipeg just finished construction on the facility. We aim to submit our evidence package for a license by the end of the month. Once submitted, we will work towards R&D trials, supply contracts and expect to be licensed and revenue generating sometime in Q4. Question: Does new health canada guidelines make any differences agra timeline for these facilities to gain full licensing? Answer: Presently no. when we look to expansion the process will be easier given we already have a license. We will still aim to achieve a sales license which should be received in Q4. That being said, we do not need one to execute our main strategy which is focused on B2B sales. Question: Also.. are their photos of plants growing at delta since the licence aquired last week? Answer: No plants yet. Will announce that very soon.. there are some good images in the proactive interview with Brandon: https://ca.proactiveinvestors.com/companies/news/919982/agraflora-organics-receives-health-canada-cultivation-license-for-delta-facility-919982.html Question: Looking forward to upcoming catalysts. Dates to watch? Answer: Here are some catalysts to look out for but limited to these: Receipt of live genetics at Delta very near term Submission of evidence package to health Canada in Winnipeg Very near term Beginning of R&D trials in Winnipeg Very near term Supply contracts in Winnipeg very near term Supply contracts at Delta near term First run and first sales of CBD Isolate from Toronto near term Roll out of Farmako branded oils near term Receipt of EU-GMP certification for Farmako end of the year First harvest at delta late Q3 early Q4 Receipt of license in Winnipeg Q4 This was my last email to I.R