Mr. Dennis Petke reports

ALLIANCE GROWERS ANNOUNCES PROJECT UPDATES

Alliance Growers Corp. has provided an update on several key advancements for the cannabis botany centre. In a news release dated Dec. 30, 2017, Alliance Growers announced that it has entered into a binding letter of intent with WFS Pharmagreen Inc. The execution of this LOI initiated the development of the cannabis botany centre that Alliance and Pharmagreen have been working on for the past year. Alliance Growers and Pharmagreen are pleased to report the following key notable advancements:

• Design upgrades of the facility have been completed to include the increased handling of 10 million plantlets per year from previous annual capacity of three million.
• Included in the design upgrades are state-of-the-art semi-automation processes to ensure consistent and high-quality production of plantlets for an ever-growing demand as the number and size of cannabis-production facilities keeps expanding.
• The cannabis botany centre and its services offered are high value-added products and services for both the domestic and international cannabis industry.
• Annual gross revenue from the tissue culture operations is expected to be $50-million per year with 10 million plantlets produced and sold at $5 per plantlet.

Commenting on the advancements and progress at the cannabis botany centre, Alliance Growers' president and chief executive officer, Dennis Petke, stated: "The 30-per-cent ownership in the botany centre is the first of many sustainable and high-margin revenue streams for the company in the next 12 to 14 months. We all know, the medical cannabis space is here to stay, and Alliance will be one of the few medical cannabis companies that will continue to grow in value and revenue year-after-year due to its diversified global business model. I am especially pleased with the relationships that Alliance has built over the last year thanks to various members of the team. We have financing commitments in place to ensure we can execute on each phase of each project when required. In a volatile market, those commitments are critical."

Alliance Growers is also pleased to report that due diligence on the strategic investment in a private licensed Jamaican cannabis company is near completion. This investment is another step in the Alliance model to be a global medical cannabis company being developed for where the market is going, not where it is now. The investment in the Jamaican company was previously reported in a news release on Feb. 27, 2018.

About Alliance Growers Corp.

Alliance Growers is a diversified cannabis company driven by the company's four-pillar organization plan -- cannabis botany centre, strategic ACMPR (Access to Cannabis for Medical Purposes Regulations) investments, CBD oil supply and distribution, and research and development.

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