VANCOUVER, Oct. 12, 2017 /CNW/ - PUF Ventures
Inc. ("PUF" or the "Company") (CSE: PUF) (Frankfurt: PU3) (OTCPK: PUFXF), an advanced Access to
Cannabis for Medical Purposes Regulations ("ACMPR") license applicant, is pleased to announce that, further to its earlier news
release of even date, the Company has completed the acquisition of Natures Hemp Corp. (the "Seller"). Pursuant to the share
purchase agreement, the Company purchased 100% of the issued and outstanding common shares of the Seller in consideration of the
issuance of a total of 1,200,000 common shares of the Company (equivalent to a value of CAD$600,000) which was distributed on a pro rata basis to the Seller at a deemed price of
$0.50 per share.
About PUF Ventures Inc.
PUF Ventures Inc. owns a majority interest in AAA Heidelberg Inc., a private Ontario company
that is an advanced applicant for an ACMPR license from Health Canada. The Company has an option to acquire the balance of
shares to own 100% of AAA Heidelberg Inc. upon receipt of the ACMPR license. Through a supply agreement with Canopy Growth Corp.,
the Company has joined CraftGrow, a collection of high-quality cannabis grown by a select and diverse set of producers, made
available to the Canadian market through the Tweed Main Street website. While it cannot guarantee nor estimate the timing of the
issuance of a license to AAA Heidelberg Inc. it is management's goal to become a leading supplier of medical marijuana in
Canada.
PUF Ventures Inc. owns a majority interest in PUF Ventures Australia ("PVA"), a private company with a purchase option
on 27-hectares of land near the town of Casino, New South Wales. PVA is constructing a one
million-square-foot greenhouse operation with large scale manufacturing and processing facilities for the cultivation,
harvesting, processing of medical cannabis and associated products in Australia.
Weed Points Loyalty Inc. (formerly Vapetronix Holdings Inc.), a wholly-owned subsidiary of the Company, developing the first
loyalty program that targets the emerging cannabis market by leveraging expertise and technology to create a platform that will
allow producers, patients, and consumers to interact and define the future face of cannabis commerce. It is also developing
WeedBeacon, a marijuana tracking technology.
ON BEHALF OF THE BOARD OF DIRECTORS
Derek Ivany
President & CEO
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy
of this release.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that
describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a
stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature,
they involve inherent risks and uncertainties.
SOURCE PUF Ventures
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