VANCOUVER, Jan. 2, 2019 /CNW/ - AgraFlora Organics
International Inc. (formerly PUF Ventures Inc.) ("AgraFlora Organics" or the "Company")
(CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth oriented and diversified international cannabis
company, is pleased to announce Propagation Services Canada has executed its first propagation supply agreement with
Alta-Sun Samson Holdings Corp., a wholly owned subsidiary of Cabbay Holdings Corp. The agreement calls for Propagation Services
Canada to supply high-CBD cannabis plants for a 5-acre outdoor grow operation near Edmonton,
Alberta.
"Having the ability to acquire high quality propagation plants for our outdoor cannabis operation near Edmonton, AB is a significant advantage for our business," said Andrew Morin Head Grower, Alta-Sun Samson
Holdings Corp. and son of the former Chief of Enoch Cree Nation. "We can focus our efforts on the
growing the highest quality cannabis for our primary customers without the overhead of planting and propagating our own cannabis
seedlings. The timeline for AgraFlora's retrofit of their large-scale greenhouse works well with our application for a
cultivation license and we look forward to a long and mutually beneficial partnership with AgraFlora and Propagation Services
Canada."
"With the first phase of the retrofit of the 2,200,000 sq. ft. greenhouse complex scheduled for completion mid-2019, we are
taking the necessary steps of establishing a customer base for our medical cannabis flower and propagating plants," said Derek
lvany, President and CEO, AgraFlora Organics International. "Cabbay Holdings is Propagation Services Canada's first propagation
customer and follows on the recently announced medical cannabis supply agreement with Namaste Technologies. 2019 is shaping up to
be a banner year for AgraFlora and we will continue to expand the pipeline of premium customers for our high-quality cannabis
products."
Cabbay Holdings Corp.'s 100% owned subsidiary, Alta-Sun Samson Holdings Corp., has a lease on a 5-acre site on Enoch Cree Nation land near Edmonton, Alberta and potential to increase the
growing area to 160 Acres in 2020, where it intends to develop an outdoor cannabis cultivation facility and will apply for a
standard cultivation license under the Cannabis Act in Canada.
Propagation Services Canada is a joint venture company in the process of retrofitting a large-scale greenhouse complex in
Delta, BC. The fully funded retrofit of the 2,200,000 square foot complex is to be completed in
three phases:
- Phase 1 includes the retrofit of 350,000 square feet, including 100,000 post-production facilities, completion scheduled
for Q2 2019;
- Phase 2 includes an additional 1,450,000 square feet to be completed by Q4 2019;
- Phase 3 consists of 400,000 square feet scheduled for completion in Q2 2020.
The Delta greenhouse complex includes advanced growing systems for greenhouse HVAC, watering
and lighting. It includes it own natural gas co-gen energy plant which provides cost effective electricity for lighting and
heating of the large-scale greenhouse. The result is a highly efficient and one the most cost-effective growing operation in the
industry.
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a growth oriented and diversified company focused on the international cannabis
industry. It owns an indoor cultivation operation in London, ON and is a joint venture partner
in Propagation Service Canada and its large-scale 2,200,000 sq. ft. greenhouse complex in Delta,
BC. The Company has a successful record of creating shareholder value and is actively pursuing other opportunities within
the cannabis industry. For more information please visit: www.agraflora.com.
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 AgraFlora Organics International Inc.
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