REPEAT - Organic Flower to Acquire Cannabis Branding Company and Exclusive Registered Trademark Portfolio
30 Mayo 2019 - 7:00AM
Organic Flower Investments Group Inc. (CSE: SOW)(FWB:
2K6)(OTC: QILFF) ("Organic Flower" or
“OFIG” or the
“Company”) is
pleased to announce the Company has entered into a definitive
agreement to acquire all of the issued and outstanding shares of
Trichome Cannabrands Inc. (“Trichome”), an Ontario-based branding
and licensing company with a diversified portfolio of cannabis
product and service trademarks registered in Canada.
Following legalization, Trichome has engaged in
an aggressive cross-Canada branding strategy for the newly
bourgeoning cannabis industry. As a result, it was able to
capitalize on a series of recognizable, though un-registered,
trademarks for exclusive use within the cannabis industry. Trichome
has a portfolio of 57 registered trademarks in Canada for a
diversified range of cannabis products and services, including:
- MEDICINAL CANNABIS – Medicinal cannabis for
the relief of nerve pain, treatment of muscle spasms caused by
multiple sclerosis, relief of nausea caused by chemotherapy,
temporary relief of seizures, and cannabis oil for the treatment of
cancer;
- RECREATIONAL CANNABIS – Online and retail sale
of cannabis, cannabis related products, derivatives of cannabis,
and natural health products containing cannabis;
- CBD‐INFUSED PERFORMANCE PRODUCTS – CBD oil for
medical purposes, topical anesthetics, antibiotic cream, and
anti-inflammatory ointments;
- PACKAGING AND VAPE PRODUCTS – Packaging of
cannabis, cannabis related products, derivatives of cannabis and
natural health products containing cannabis, and cannabis oil for
electronic cigarettes;
- COSMETICS – Makeup, beauty care cosmetics, eye
cream, body creams, massage creams, massage oils, skin care
preparations, body powders, body oils, bath soap, moisturizing skin
lotions, body sprays used as personal deodorants and fragrances,
non-medicated bath salts, exfoliating scrubs for the body, and bath
oils;
- CANDY, CHOCOLATE, EDIBLES – Cannabis oil for
food and edible oils, chocolate bars infused with cannabis,
brownies containing marijuana, chocolate, and sugar
confectionery;
- BEVERAGES AND BOTTLING – Non-alcoholic
fruit-based beverages, carbonated soft drinks, sports drinks,
beverage flavourings, beverages made of coffee, and tea;
- CANNABINOID INFUSED BEERS, CIDERS, ETC. –
Alcoholic-based beverages, alcoholic fruit beverages, alcoholic
tea-based beverages.
Included in the portfolio of trademarks are
regional airport codes, telephone area codes, and other such
recognizable regional identifiers that show significant branding
potential for the cannabis space.
Joel Dumaresq, Chief Executive Officer and a
Director of Organic Flower stated:
"Trichome Cannabrands has developed an
impressive stable of high-value trademarks with immediate brand
recognition in various communities. The number of registered marks
and the robust coverage of the registration with the Registrar of
Trademarks in Canada, allows Organic Flower to immediately utilize
these marks across its diversified holdings and enhance its
marketing and distribution efforts in Canada and other
international jurisdictions.”
Under the terms of the definitive agreement,
Organic Flower will acquire 100% of all the issued and outstanding
shares in the capital of Trichome in exchange for an aggregate of
10,000,000 common shares in the capital of the Company, based upon
the five-day VWAP of Organic Flower's common shares for the five
trading sessions prior to the announcement of the definitive
agreement (the “Payment Shares”). The Payment
Shares issuable on the acquisition, are subject to a hold period of
at least six (6) months and one (1) day. The closing of this
acquisition is subject to customary terms and conditions.
OFIG’s acquired interest in Trichome will form part of the asset
sale to AgraFlora Organics International Inc. (“AgraFlora”). As
previously announced on May 23, 2019, it is anticipated that the
sale price for the sale assets will be comprised of 1.15 shares of
Agraflora for each one (1) issued and outstanding share of OFIG at
the time of closing of the asset sale.
A finder’s fee is payable on this
transaction.
ABOUT ORGANIC FLOWER
INVESTMENTS
Organic Flower, an investment holding firm, is leveraging
strategic relationships, proprietary investments and exclusive
partnerships with preeminent international cannabis cultivators and
formulators for the development of best in-class products and
brands to be marketed and distributed throughout our global
footprint.
ON BEHALF OF THE ORGANIC FLOWER INVESTMENTS GROUP INC.
BOARD OF DIRECTORS
“Joel Dumaresq”
Joel Dumaresq CEO, Director +1 (604)
687-2038info@sowcannabis.ca
Learn more about Organic Flower by visiting our website
at: https://sowcannabis.ca/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release. Forward-looking information includes, but is not limited
to: political changes in Canada and internationally, future
legislative and regulatory developments involving cannabis in
Canada and internationally, the Company’s ability to secure
distribution channels in international jurisdictions, competition
and other risks affecting the Company in particular and the
cannabis industry generally. Without limiting the generality of the
foregoing, the forward-looking statements herein relate to, among
other things, the Company successfully commencing product
formulation and batch testing in a timely manner; and the ability
of the Brewhouse to successfully complete its planned facility
retrofit initiatives at its facility.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any forward-
looking information to reflect events or circumstances after the
date of this release or to reflect the occurrence of unanticipated
events, whether as a result of new information, future events or
results, or otherwise.
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