Alliance Growers has begun activities to create awareness as a global cannabis company to investors in the German market. Investor awareness activities will be undertaken throughout Germany translated into the German language.
The Company’s decision to commence activities at this time coincides with recent changes in drug laws. Germany has created an amendment to the current drug laws specifically for severely ill individuals, such as AIDS and cancer patients, which allows patients access to medical cannabis. The proposed draft bill put forward by the Health Ministry was adopted in the German parliament on January 19 and will take effect in March 2017. Cannabis treatments are typically very expensive, but the bill also allows for the costs of the medicine to be covered by health insurance companies. This policy change is an important step forward toward a broader acceptance of medical cannabis as an effective treatment for patients in Germany.
To take advantage of these policy changes, Alliance is finalizing an agreement with Zeo Trade & Development Ltd., headquartered in Berlin, whereby Zeo Trade will be the Company’s German distribution partner. In conjunction with this agreement Zeo Trade will undertake a study to determine the market potential and identify the best ways to take advantage of the opportunities in this new market, beginning with communications with the German Government Cannabis Agency.
Commenting on the German policy change, Dennis Petke, Alliance Growers’ President and CEO said, “We are very encouraged by the progressive policy changes that have been enacted in Germany. The country is providing the opportunity for seriously ill people to be cared for in the best way possible with support from the public health system by providing funding for cannabis prescriptions for patients. Given that the supply of medical cannabis products in Germany will be met primarily through imports from abroad, this fits perfectly with the Company’s business model to be a leading supplier of pharmaceutical grade CBD oil with a global reach.”
Commenting on the market activities and proposed partnership with Zeo Trade, Dennis Petke continued, “Over the past few months, Alliance Growers has been preparing several initiatives to create awareness among investors in the German market and we are now ready to ramp up our cannabis market activities and actively begin the Company’s planned investor relations outreach to the German investor”.
About Alliance Growers
Alliance Growers Corp. is a diversified cannabis company driven by the Company’s ‘Four Pillars’ Organization Plan – Cannabis Botany Centre, Strategic MMPR Investments, CBD Oil Supply and Distribution, and Research and Development.
Alliance Growers has executed an agreement with Botanical Research In Motion International Inc., for a Canada Exclusive License to jointly develop and operate a 40,000 square foot facility to be the first of its kind in Western Canada to house a DNA Botany lab, extraction facility and Tissue Culture Plantlet Production facility to service the Cannabis market and agriculture market in general. The proposed Cannabis Botany Centre will grow Cannabis plantlets using proprietary tissue culture propagation, specifically the “Chibafreen Invitro Plant Production System”, which assures consistent composition and purity of each plantlet for the growers.
Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed Producer Applicants at various stages in the Health Canada License process.
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On behalf of the board of directors of
ALLIANCE GROWERS CORP.
President and CEO
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