ABcann Selected as a Supplier to Alberta Retail Cannabis Market
July 05 2018 - 7:31AM
ABcann Global Corporation (TSX-V:ABCN)
(“
ABcann”) is pleased to announce that it has
completed an agreement with the Alberta Gaming, Liquor &
Cannabis Commission (“
AGLC”) to supply the
province with high-quality cannabis products. Under the terms
of the agreement, ABcann will supply the Alberta market with
cannabis to meet demand in the adult-use recreational cannabis
market, which is set to open on October 17, 2018.
"Signing the supply agreement with ABcann will
enable the AGLC to ensure that adult-use customers in Alberta will
have access to ABcann’s premium branded cannabis products,'' said
Barry Fishman, CEO, ABcann Global. "Our new branding, which will be
revealed this summer, is supported by extensive market research. We
are confident that our customers will recognize and appreciate our
product quality and consistency.”
About ABcann:
ABcann is recognized for high-quality, trusted
products and services. It holds production and sales licences from
Health Canada, and its flagship indoor cultivation facility in
Napanee, Ontario contains proprietary plant-growing technology,
centred on its specially designed, environmentally-controlled
growing chambers. This approach results in the production of
pharmaceutical-grade cannabis products. ABcann is expanding its
production capacity and pursuing partnership and product
development opportunities domestically, as well as in select
international markets, such as Germany, Australia and Israel.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Disclaimer for Forward-Looking
Information
Certain statements in this news release are
forward-looking statements, which are statements that are not
purely historical, including statements regarding the beliefs,
plans, expectations or intentions of ABcann and its management
regarding the future. Forward looking statements in this news
release include statements relating to: the terms of the agreement
with the AGLC; products to be revealed under ABcann’s portfolio of
adult use recreational brands; the agreement with ABcann ensuring
that Alberta have access to high quality cannabis under premium
brands; and ABcann’s brands bringing premium quality and
consistency to cannabis consumers in Alberta. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the forward-looking statements, including: (i) that
the agreement with AGLC may not be performed as expected or at all;
(ii) that ABcann may not reveal a portfolio of adult use
recreational brands; (iii) that the agreement may not provide
Albertans with access to high quality cannabis under premium
brands; (iv) that ABcann’s brands may not bring premium quality and
consistency to cannabis consumers in Alberta; and (v) other factors
beyond the Company’s control. No assurance can be given that any of
the events anticipated by the forward-looking statements will occur
or, if they do occur, what benefits ABcann will obtain from them.
Readers are urged to consider these factors, and the more extensive
risk factors included in ABcann’s annual information form dated
April 30, 2018, which is available on SEDAR, carefully in
evaluating the forward-looking statements contained in this news
release, and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety
by these cautionary statements. The forward-looking statements in
this news release are made as of the date hereof and ABcann
disclaims any intent or obligation to update publicly any such
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
For more information about ABcann, please contact:
Barry Fishman: barry.fishman@abcannglobal.com
Michael Bumby: michael.bumby@abcannglobal.com
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