Vancouver, British Columbia (FSCwire) - New Age Farm Inc. (CSE:NF)
(OTC:NWGFF) (FSE:ONF) (www.newagefarminc.com) (“New Age Farm” or
the “Company”) announces that in has granted 10,000,000 stock options exercisable into Common shares of the Company at a price of
$0.29 per Common share, expiring two years from date of grant, as part of its consultant compensation program. The issuance
of the securities described in this news release is subject to acceptance by the Canadian Securities Exchange. All amounts
quoted in this news release are in Canadian funds.
About New Age Farm
New Age Farm is an agricultural services company offering unique turnkey growing infrastructure and services for
licensed growers and processors of luxury marijuana crops at three agri-campuses in Washington State.
In November 2012, the Washington State Liquor and Cannabis Board (“WSLCB”) passed Initiative 502 (“I-502”) pursuant
to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana
products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of
Washington State-regulated recreational marijuana products in compliance with state regulatory requirements.
New Age Farm’s facilities feature 24-hour security that enhances the safety and security of the community, our
tenant-growers and their operations. All New Age Farm’s tenant-growers hold either Tier 2 or Tier 3 licenses allowing them
to produce and / or process marijuana for sale at wholesale to marijuana processor licensees and to other marijuana producer
licensees. A Tier 3 license allows for between ten thousand square feet and thirty thousand square feet of dedicated plant
canopy while Tier 2 licensees can have up to ten thousand square feet of dedicated plant canopy. Revenue is generated on a
base lease rate and the level of service that the tenant-grower requires for its production and / or its processing needs.
.For further information about New Age Farm, please consult the Company’s profile on SEDAR at www.sedar.com.
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WWW.NEWAGEFARMINC.COM
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and
accepts no responsibility for the adequacy or accuracy hereof.
This news release contains forward-looking statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs
and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward
looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results
to differ materially from those expected including, but not limited to completion of planned improvements at both the Canadian
and US sites on schedule and on budget, the availability of financing needed to complete the Company’s planned
improvements on commercially reasonable terms, planned occupancy by the tenant-growers, commencement of operations, differences
in yield on expected harvests, delays in obtaining statutory approval for marijuana production plans, issues that may arise
throughout the grow period, outdoor crops affected by weather, the ability to mitigate the risk of loss through appropriate
insurance policies, and the risks presented by federal statutes that may contradict local and state legislation respecting
legalized marijuana. These forward-looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances save as required under applicable securities
legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction.
This news release does not constitute an offer of securities for sale in the United States. These securities
have not and will not be registered under United States Securities Act of 1933, as amended, or any state securities laws and may
not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied
upon.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/NewAgeFarm12282017_0.pdf
Source: New Age Farm Inc. (CSE:NF, FWB:ONF, OTC Pink:NWGFF)
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