00:53:21 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Alliance Growers Corp
Symbol ACG
Shares Issued 41,672,268
Close 2017-09-20 C$ 0.10
Market Cap C$ 4,167,227
Recent Sedar Documents

ORIGINAL: Alliance Growers to hire California counsel

2017-09-20 13:43 ET - News Release

Received by email:

File: ACG_NR Counsel for California Cannabis opps 20092017.docx

/

ALLIANCE GROWERS CORP.

NEWS RELEASE

ALLIANCE TO RETAIN CALIFORNIA COUNSEL TO ASSIST WITH CITY OF LONG BEACH PARTNERSHIP VENTURE

September 20, 2017 - Vancouver, B.C. - Alliance Growers Corp. (CSE: ACG; FWB: 1LA; WKN: A2DFYX) ("Alliance Growers" or
---> the "Company") is pleased to announce that the Company will be retaining California legal counsel as representation f
--->or the Company's Long Beach partnership venture. 
The attorney Alliance will be working with was the attorney for one of the top real estate firms in California for 30 
--->years with extensive experience in commercial real estate transactions including the permitting of subdivisions. The a
--->ttorney also has considerable experience with corporate structuring including a REIT that now has over $1.3 Billion in
---> assets.  He handled hundreds of marijuana cases in California many years ago before the laws began to change in the c
--->annabis industry.
As previously announced in a news release on July 27, 2017, Alliance Growers is in negotiations with a private company
---> for an equity partnership for a licensed cultivation facility in the City of Long Beach. The partnership will be for 
--->a 100% ownership in a 6,000 sq. ft. licensed medical marijuana cultivation building and a 50% or higher ownership of t
--->he cultivation business.
The intention would then be to add a Manufacturing License which would add an additional valuable revenue stream to th
--->e business. This would provide full ownership of the building and two revenue streams while leaving the running of the
---> day-to-day business to the private company team.  Alliance also expects to provide tissue cultured plantlets to the f
--->acility and potentially other facilities in California via an "in-house" lab arrangement.  
Dennis Petke, Alliance Growers' President and CEO, commented on the proposed partnership. "California is on the verge 
--->of creating a legal market for marijuana worth more than $5 billion and Alliance Growers intends to benefit from it to
---> add further value for all our stakeholders.  To ensure Alliance is compliant with all regulations pertaining to cross
---> border transactions in the cannabis space, we are retaining California legal counsel. We are anxious to move forward 
--->with this tremendous opportunity in the heart of the marijuana-friendly state of California in the City of Long Beach.
---> This opportunity is very much in line with both the mandates of our financing partners and Alliance Growers strategy 
--->to position the Company for where the global cannabis market is going. We look forward to sharing significant addition
--->al financing and business implementation updates with investors as we progress."
About the California Cannabis Market
California, is the 6th largest economy in the world and is the largest and most influential state in the cannabis indu
--->stry in terms of production, consumption, and cultural influence. The legalization of adult use in California has alre
--->ady started to show that it has far-reaching effects, both within the state and nationally.  California.  New Frontier
--->, the cannabis Big Data and analytics authority, in partnership with Arcview Market Research, the leading publisher of
---> cannabis market research has released its 2016 California Legal Cannabis Market State Profile, which shows the potent
--->ial growth of the adult use market. The report finds that over the next four years, annual legal cannabis sales will g
--->row at a compound annual growth rate of 23.1%, from $2.8 billion in 2016 to an estimated $6.5 billion by 2020. 

About Alliance Growers
Alliance Growers Corp is a diversified cannabis company driven by the Company's 'Four Pillars' Organization Plan - Can
--->nabis Botany Centre, Strategic ACMPR Investments, CBD Oil Supply and Distribution, and Research and Development.
Alliance Growers has executed an agreement with Botanical Research In Motion International Inc., for a Canada Exclusiv
--->e License to jointly develop and operate a 40,000 square foot facility to be the first of its kind in Western Canada t
--->o house a DNA Botany lab, extraction facility and Tissue Culture Plantlet Production facility to service the Cannabis 
--->market and agriculture market in general. The proposed Cannabis Botany Centre will grow Cannabis plantlets using propr
--->ietary tissue culture propagation, specifically the "Chibafreen Invitro Plant Production System", which assures consis
--->tent composition and purity of each plantlet for the growers.  
Further, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain 
--->proprietary products for support of the Cannabis growing industry in addition to possible partnerships with Licensed P
--->roducer Applicants at various stages in the Health Canada License process.
For further information, please visit the Company's corporate website at www.alliancegrowers.com or the Company's prof
--->ile at www.sedar.com. 
If you would like to be added to Alliance Growers' news distribution list, please send your email address to newslette
--->r@alliancegrowers.com
On behalf of the board of directors of
ALLIANCE GROWERS CORP.
"Dennis Petke"
Dennis Petke
President and CEO
For more information contact:
 Dennis Petke
Tel: 778-331-4266
DennisPetke@alliancegrowers.com
 Rob Grace
Corporate Communications Consultant
Tel: 778-998-5431
RobDGrace@gmail.com
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF T
--->HIS RELEASE.
FORWARD LOOKING INFORMATION
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. More particularly and without limitation, the ne
--->ws release contains forward-looking statements and information relating to Company's corporate strategy. The forward-l
--->ooking statements and information are based on certain key expectations and assumptions made by management of the Comp
--->any, including, without limitation, the Company's ability to carry out its business plan. Although management of the C
--->ompany believes that the expectations and assumptions on which such forward-looking statements and information are bas
--->ed are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assu
--->rance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current exp
--->ectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such s
--->tatements and information may not be appropriate for other purposes, such as making investment decisions. Since forwar
--->d-looking statements and information address future events and conditions, by their very nature they involve risks and
---> uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and
---> risks. These include, but are not limited to, the Company's ability to identify and complete additional suitable acqu
--->isitions to further the Company's growth as well as risks associated with the medical marijuana industry in general, s
--->uch as operational risks in development and production delays or changes in plans with respect to development projects
---> or capital expenditures; the uncertainty of the capital markets; the uncertainty of receiving the required licenses, 
--->production, costs and expenses; health, safety and environmental risks; marketing and transportation; loss of markets;
---> environmental risks; competition; incorrect assessment of the value of the potential market; ability to access suffic
--->ient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes
---> in legislation, including but not limited to tax laws and regulated regulations. Accordingly, readers should not plac
--->e undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers 
--->are cautioned that the foregoing list of factors is not exhaustive.
The forward-looking statements and information contained in this news release are made as of the date hereof and no un
--->dertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of 
--->new information, future events or otherwise, unless so required by applicable securities laws or the Canadian Securiti
--->es Exchange. The forward-looking statements or information contained in this news release are expressly qualified by t
--->his cautionary statement.




 




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