18:31:04 EST Wed 14 Nov 2018
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Blissco Cannabis Corp
Symbol C : BLIS
Shares Issued 100,444,338
Close 2018-07-11 C$ 0.35
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Blissco signs cannabis supply agreement with GreenSeal

2018-07-12 10:22 ET - News Release

Mr. Damian Kettlewell reports

BLISSCO ECOSYSTEM CONTINUES EXPANSION: SIGNS BASE PRICE AND PROFIT SHARING SUPPLY AGREEMENT WITH GREENSEAL

Blissco Cannabis Corp. has signed an agreement with GreenSeal Cannabis Company Ltd. to purchase 1,700 kilos of dried cannabis and 340 kilos of trim in the first two years of the agreement. The agreement has two renewable one-year options.

This agreement provides Blissco with the ability to use GreenSeal's dried cannabis, and package, process and sell the cannabis product to Blissco's medical patients or adult recreational customers in Canada when it is legal, or export medical cannabis to other countries where medical cannabis is federally legal.

"A key aspect of the development of the Blissco ecosystem is building strong industry relationships. We have built a strong relationship with GreenSeal over the last 15 months and are pleased to announce our long-term partnership to purchase premium bulk cannabis for sale to our medical patients or into the adult-use market. The unique base price and profit-sharing supply agreement will help Blissco and GreenSeal mutually benefit and build strong ties that benefit both companies," said Damian Kettlewell, chief executive officer of Blissco.

In the spirit of collaborative partnerships, Blissco's base price and profit-sharing supply agreement with GreenSeal ensures that both companies will mutually benefit. When Blissco earns amendments to its Access to Cannabis for Medical Purposes Regulations (ACMPR) licence for sale of cannabis, the company will be able to process and package GreenSeal cannabis as Blissco-branded dried cannabis, cannabis oil or prerolls for the medical and adult-use markets. As well, Blissco can use GreenSeal cannabis to process and package concentrate pens and cannabis edibles (including beverages) when concentrates and edibles are regulated for sale.

"We are thrilled to have solidified our relationship with Blissco through this unique agreement and feel this collaborative model demonstrates the innovative professionals now occupying this space. With Blissco's reach domestically and internationally, we feel this opens up exciting new opportunities for GreenSeal to provide Canadian-grown products to an evolving marketplace full of potential. We are confident that this is only the beginning of a long and prosperous relationship in which GreenSeal consistently provides Damian and his outstanding team with some of the finest cannabis products, genetics and expertise Canada has to offer," said Corey Hamilton, president of GreenSeal.

According to research published by Ameri Research Inc., the global legal cannabis market was valued at $14.3-billion in 2016. The market is forecasted to reach a value of $63.5-billion in global sales in 2024.

About Blissco Cannabis Corp.

Blissco is an ACMPR licensed producer and future distributor of ultrapremium cannabis. The company sits at the heart of an international ecosystem and is focused on the success of its domestic and global partnerships.

Blissco leverages the latest technology and is continuously developing its network of top-tier industry experts to drive the success of its brand and channels, moving premium Canadian cannabis to local and international markets.

Blissco is backed by an experienced team that is deeply in tune and integrated with industry partners and Blissco's future patients and customers.

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