Alliance Growers Corp. (CSE:ACG; FWB:1LA) has provided updates on equity facility negotiations and the company’s projects that will ultimately make Alliance a successful global cannabis company. Alliance continues to deliver on its strategy to build a global cannabis company that is positioned for where the cannabis market will be, not only where it is now.
$5 Million to $10 Million Equity Facility with Private Equity Firm
In addition to the current private placement, Alliance is currently negotiating terms on an equity facility to meet our capital requirements for the following projects.
Property Identified for Cannabis Botany Centre
BRIM and Alliance have identified a property for the 40,000 square foot Cannabis Botany Centre. It consists of 40 acres of land in Miracle Valley, east of Mission, with the potential to develop up to 1 million square feet of facility space. This property has zoning that is approved for Health Canada Licensed Producer facilities. Thanks to the tremendous potential in the Cannabis space, we now have multiple options to finance the purchase of the land and the construction of the facility.
Strategic Alliances and Investments in Licensed Producer Applicants
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 for the Cannabis Botany Centre and off-take agreements at wholesale cost for flower to be used for cannabidiol (CBD) oil extraction. Alliance will announce later this week, the final terms on a 5% 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.
Additional Licensed Producer Applicants have approached Alliance looking to partner with a public company and negotiations are ongoing.
Read the full company profile.
Permits Secured by Israeli Medical Cannabis Company
Further to the company’s commitment to become a leading supplier of pharmaceutical grade CBD oil on a global basis, Alliance continues discussions setting out terms for an equity investment and/or joint venture with an Israeli medical cannabis company.
Last week the Company was informed that all permits were in place on 45-50 hectares of land for the growth of high quality cannabis plants in an offshore, low operating cost jurisdiction. The Israeli medical cannabis company brings first-class technology for production and processing based on Israeli technology in addition to specific strains and processing knowhow. This would facilitate the importation of the CBD Oil into various states in the USA, into Canada when legalized, and into countries like Germany now that the laws have changed. We expect many more European countries to follow suit in the months to come.
The Hemp Business Journal reports that the CBD market is growing at a rate of 30% per annum, and forecasts that sales of CBD Oils from marijuana-based sources are expected to reach $1,650,000,000, or 79% of the total CBD Market of $2,100,000,000 by 2020. And this is in the USA only. Dennis Petke, President and CEO stated “We are very excited to for the opportunity to take advantage of the equity facility to execute on our business plan. The equity firm we are negotiating with has financed other well-known Canadian Cannabis companies in the past 2 years. Over time we expect new investors and our shareholders to begin to see that we are building a global cannabis company that stands out from other Canadian cannabis companies whose entire business is directly affected by Health Canada rules and regulations.”
Connect with Alliance Growers Corp. (CSE:ACG; FWB:1LA) to receive an Investor Presentation.

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“We would like to thank MNP for their guidance and expertise over the past two years and we look forward to working with Marcum as the Company’s new independent registered public accounting firm,” stated Chief Financial Officer, Alex D’Amico.

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