GREY:EDNEF - Post by User
Post by
alphaflighton Jan 27, 2022 9:36am
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Eden Empire To Expand Across Michigan and US Midwest
Eden Empire To Expand Across Michigan and US Midwest EDEN EMPIRE ANNOUNCES PARTNER TO LEAD CHARGE IN MICHIGAN FRANCHISE EXPANSION
VANCOUVER, British Columbia & BATTLE CREEK, Michigan; January 27, 2022 (GLOBE NEWSWIRE) -- Eden Empire Inc. (CSE: EDEN) (the "Company" or "Eden Empire") is pleased to announce that it has signed an agreement (the “Agreement”) with an arm’s length third-party (the “Partner”) to assist in expanding the EDEN franchise across the State of Michigan. The Partner has been involved with the construction of numerous marijuana grow, processing and dispensary facilities in the State and boasts an expansive network of contacts in the industry.
Key Notes
- 2021 Cannabis Sales in Michigan topped USD$1.79B.
- 2020 Cannabis Sales in Michigan reached USD$984M.
- 43% growth in cannabis sales year-over-year from 2020 to 2021.
- Franchisee opportunity brings massive branding exposure to the EDENTM brand in a growing market.
“We are pleased to announce our Partner in Michigan to assist with expanding the EDENTM footprint in Michigan. Utilizing our Partner to create advantageous opportunities for the Company is massive as this market continues to grow year-over-year.” CEO Gerry Trapasso stated, “It is an extremely exciting year ahead for all companies involved in the Michigan cannabis industry and we look forward to releasing news about onboarding potential franchisee’s in the near future.”
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
For further information or should you have any questions, please feel free to email us at investors@edenempire.com.
Gerry Trapasso, CEO
About Eden Empire
Eden Empire is in the business of investments and operations in the cannabis sector and engaging in retail cannabis sales. Eden Empire intends to expand its retail operations in Canada and to expand its business to cannabis cultivation, extraction and processing and become a fully integrated cannabis product company in the United States.
Eden Empire has an award winning and established nationwide brand, including a substantial intellectual property portfolio, and a dedicated management team with extensive cannabis industry experience. Upon completion of Eden Empire's currently intended acquisitions, and approval to operate its retail locations, the Company is expected to have a significant retail cannabis footprint in Canada and Michigan. Retail cannabis operations are an emerging sector with significant cash flow potential.