Biome Grow Inc. (“Biome” or the “Company”) (BIO.CN) (6OTA.F) (BIOIF) and its Nova Scotia based brand Highland Grow Inc. (“Highland Grow”) has secured a second purchase order with the Nova Scotia Liquor Corporation (“NSLC”) in less than a week.
The second shipment associated with this new purchase order left the High Grow facility Tuesday morning and is expected be on store shelves later this week. Through this shipment Highland Grow will introduce a fourth genetic offering into its local market and will continue to expand its genetic and product offerings throughout 2019.
Highland Grow successfully delivered its first shipment of finished product grown and packaged specifically for the local consumers in Nova Scotia to the NSLC on January 10th . It is the company’s understanding the products in the first shipment were received well and sold quickly. Biome would like to thank the NSLC for highlighting its products as locally sourced through premium in-store positioning and related initiatives.
“The future of Nova Scotia’s cannabis market is looking very bright,” said Khurram Malik , CEO of Biome Grow. “We anticipated that consumers would be exploring the cannabis retail market looking for not only diverse offerings, but locally produced cannabis products and we were right. We believe this further validates Biome’s mission to execute a localized approach.”
About Highland Grow Inc.
Reflective of the beautiful and rugged northern Nova Scotia terrain, Highland is a local Cannabis grower near Antigonish that is Biome Grow’s first licensed producer under Canada’s Cannabis Act.
Highland Grow is the first of Biome Grow’s facilities licensed for production and sales. Highland Grow’s production facility has a total footprint of 6,500 square feet and resides on 19 acres of farmland. Additionally, Biome Grow continues to grow in Atlantic Canada with more facilities under development, bringing the total footprint to 174,500 square feet in this region.
“From our strategic investments into regional footprints which position us for global expansion, to our partnerships in research and development, Biome Grow is changing the way you see cannabis companies.”
Biome wholly owns five subsidiaries, including: The Back Home Medical Cannabis Corporation, a company incorporated under the laws of the Province of Newfoundland and Labrador and in the late stages of applying for a license under the Cannabis Act; Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and in the late stages of applying for a license under the ACMPR; Highland Grow Inc., a licensed producer in Nova Scotia under Canada’s Cannabis Act; Red Sands Craft Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island , and; Weed Virtual Retail Inc., a company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology platform focused exclusively on the medical and recreational cannabis markets. Biome is a Canadian-based company with national and international business interests.
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as “plans”, ” expects” or “does not expect”, “proposed”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward‐looking statements and information concerning: Highland Grow’s sales license from Health Canada and finished product to be distributed in Nova Scotia. Such forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to Biome, including, among other things, assumptions and expectations with respect to: the Cannabis Act and its regulations continuing to exist and operate as expected; the continued existence and validity of the license granted to Highland Grow; changes in cannabis research or the general public’s perception of cannabis; and the ability to operate the business as expected.
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements speak only as of the date on which they are made, and Biome, or any of its subsidiaries undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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