Alliance Growers Enters Negotiations To Acquire Interest In First Of Many High Quality Canadian Growers

December 6, 2016 – Vancouver, B.C. – Alliance Growers Corp. (CSE:ACG) (“Alliance Growers” or the “Company”) is pleased to announce that it has entered negotiations to acquire a 10% non-dilutive interest in a private company in Ontario that has assembled a top tier growing team with management that has the expertise to expedite the license producer application process.
Through a serious of strategic alliances and investments in Licensed Producers at various stages in the license process, Alliance is focused on securing long term plantlet supply contracts and offtake agreements at wholesale cost for flower to be used for CBD oil extraction.
Commenting on the acquisition of this interest, Dennis Petke, Alliance Growers President and CEO said, “We are pleased to initiate the first of several strategic investments in licensed producers who are at various stages in the licensed producer application process. These are designed to further our business model of supplying plantlets to growers from our Cannabis Botany Centre, in addition to acquiring high quality flower for extraction.  Making acquisitions in Eastern Canada will also lead to joint development of multiple Botany Centres in Canada under our exclusive license of the B.R.I.M. technologies.   The development of these Botany Centres in Canada and in other countries will significantly add to the value of Alliance, along with interests we expect to acquire in multiple ACMPR facilities”.
Mr. Petke continued, “Alliance continues to develop its business model, which includes becoming a leading supplier of high quality CBD oil to multiple channels in the Cannabis industry for both medical and recreational use in Canada and the USA.  This acquisition is another significant step in developing our business model to be ready for the legalization of Cannabis in both Canada and the USA.  We appreciate and thank our new investors and all shareholders for their continued support as we work towards realizing our vision of becoming a successful global cannabis company”.
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