TORONTO, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Biome Grow Inc. (“Biome” or the
“Company”) (CSE:BIO) (Frankfurt:6OTA) is pleased to introduce its Ontario-based subsidiary and
brand, Great Lakes Cannabis Co. (“Great Lakes Cannabis”). Located in Norwich, Ontario, Great Lakes Cannabis will
serve Biome’s national and international markets with Canadian-grown cannabis.
Great Lakes Cannabis derives its name from the Great Lakes that edge the province of Ontario. Like the Great
Lakes that lie in separate basins, but form a single, naturally interconnected body of fresh water, Great Lakes Cannabis is a
separate production facility that is interconnected with Biome’s other regional brands, creating a unified Canadian cannabis
biome.
Great Lakes Cannabis (formerly known as P-209 Inc.) is a late stage applicant to the Access to Cannabis
for Medical Purposes Regulations (ACMPR). Great Lakes Cannabis expects to be in a position to receive a cultivation licence shortly
after work on its Norwich production facility is finished. The Great Lakes Cannabis facility will be 87,000 square feet upon
completion of a two-phased construction process, including retrofitting of an existing 12,000 square foot building followed by a
new 75,000 square foot expansion.
“Our Great Lakes Cannabis brand and facility will primarily supply cannabis products to the other provinces that
Biome operates in until domestic production capacity in those other provinces is sufficiently brought online,” said Chief Executive
Officer, Khurram Malik. “Longer term and subject to applicable legal requirements we see Great Lakes Cannabis supporting the
international markets that we’ve been cultivating for future growth.”
For further information, please contact:
Alise Mills
amills@sussex-strategy.com
778-928-0267
About Biome
Biome Grow wholly owns Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and in the late
stages of applying for a license under the ACMPR. Biome also owns four other wholly-owned subsidiaries: Highland Grow Inc., a
licensed producer in Nova Scotia under Canada’s ACMPR; The Back Home Medical Cannabis Corporation, a company incorporated under the
laws of the Province of Newfoundland and Labrador and in the late stages of applying for a license under the ACMPR; Red Sands Craft
Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island and; Weed Virtual Retail Inc., a
company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology
platform focused exclusively on the medical and recreational cannabis markets. Biome is a Canadian-based company with national and
international business interests.
Forward-looking statements
Certain statements or projections contained in this document are forward-looking statements, including those that discuss the
Company’s intention that Great Lakes Cannabis Co. will position itself to supply cannabis products for Canadian and international
markets, its expectation that it will receive a cultivation license and the timing associated therewith, the specifics associated
with the Great Lakes Cannabis production facility and when such facility will be complete, production capacity in the other
provinces in which Biome operates in and the timing of when such facilities will have sufficient local production, its plans to
build a local and sustainable ecosystem in Ontario, its plans to operate a diversified mix of low cost licensed cannabis production
facilities across Canada and other jurisdictions including internal jurisdictions and the long term business plans of Biome.
Such forward-looking statements reflect management’s current beliefs and expectations and are based on assumptions made by and
information currently available to the Company, including the assumption it will be able to obtain all necessary regulatory
licenses, permits and approvals to produce and sell cannabis and generally operate its business in both Canada and internationally,
that labour, construction, and other costs will remain low for its licensed cannabis production facilities, and sufficient
financial resources will be available.
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ
materially from those expressed or implied in the forward-looking statements, including, among other things, a failure to obtain or
delays in obtaining the required regulatory licenses, permits, or approvals, changes to legislation, changes in cannabis research
or the general public’s perception of cannabis, crop failure, labour disputes, increases in labour and/or construction costs,
rising energy costs, an inability to access financing as needed, and a general economic downturn. These forward-looking statements
speak only as of the date on which they are made, and the Company, or any of its subsidiaries undertakes no obligation to update or
revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by
law. The forward-looking statements contained in this news release are expressly qualified by this cautionary
statement.
