VANCOUVER, May 4, 2018 /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 the formation of a wholly owned
subsidiary Pure Grow Medicinals S.A.S. in Colombia to pursue additional international
opportunities in the cannabis industry.
"Colombia is in the early stages of legalizing cannabis for medicinal and export purposes,
and represents a strategic opportunity for PUF" said Derek Ivany, President and CEO of the
Company. "It is a cannabis friendly jurisdiction where we have established local business relationships. We are in discussions
and conducting due diligence on several projects with significant potential. By leveraging our experience in other
international markets, we will ensure the success of Pure Grow Medicinals."
Medical cannabis was formally legalized in Colombia in 2015. Like Canada, local producers must obtain licenses from the government for the cultivation of psychoactive and
non-psychoactive plants. Due to its proximity to the equator, Colombia has the ideal natural
environmental to grow many different crops including cannabis. Plants are grown in open-air greenhouses, under a 12-hour sun
cycle, throughout the year, and there is ample access to natural water sources. A minimal requirement for electricity and access
to water are substantial cost advantages making Colombia one of the lowest cost cannabis
producers in the world.
Internationally, PUF Ventures currently owns a 35 percent stake in Solaris Nutraceuticals, a private company based in
Australia which is building a 1.2 million sq. ft., hi-tech, ultra-efficient, large-scale
cannabis greenhouse in New South Wales, Australia. A potential project in Colombia represents a second international project to be undertaken by PUF Ventures.
About PUF Ventures Inc.
PUF Ventures Inc. is a growth oriented and diversified company focused on the international cannabis industry. It has
ownership in several cannabis companies: AAA Heidelberg, Solaris Nutraceuticals Pty Ltd., and Natures Hemp Corp., and is actively
pursuing other opportunities within the industry. PUF has an option to purchase 100% of AAA Heidelberg Inc., an advanced
applicant for an ACMPR license. Solaris Nutraceuticals is building the largest medical cannabis greenhouse in the Southern
Hemisphere. For more information please visit: www.puf.ca.
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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