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Enter Symbol
or Name
USA
CA



Bougainville Ventures Inc
Symbol BOG
Shares Issued 49,380,541
Close 2018-10-23 C$ 0.235
Market Cap C$ 11,604,427
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ORIGINAL: Bougainville Ventures signs tenant for Oroville lease

2018-10-23 13:11 ET - News Release

Received by email:

File: Bougainville Signs Second Tenantfor 21K Sq. Ft. Lease at Oroville, WA Campus (3).pdf

 Bougainville Signs Second Tenant for 21K Sq. Ft. Lease at Oroville, WA Campus
Vancouver, BC, Canada - October 17, 2018, BOUGAINVILLE VENTURES INC. ("Bougainville" or the
"Company") (CSE:BOG) is pleased to announce that it has signed a second lease agreement with a private
Washington State Tier-2 I-502 licensee (the "Tenant") to lease up to 21,000 square feet of I-502-compliant
space from the Bougainville Ventures Campus in Oroville, Washington. Bougainville has been involved
with the licensee as a consultant and in the infrastructure development capacity at its current location.

The Tier-2 tenant currently is ready to harvest this years crop at the end of the month. Bougainville and
the tenant have agree to the terms of the lease and will occupy a one acre parcel of land, following
building, property and infrastructure improvements. The new tenant has been in operations since 2015
and has extensive experience and contacts in supplying the extract market in Washington State.




The company would also like to add that it has completed its due diligence on the additional three acre
parcel and will be moving forward to close on the transaction.

CEO, Andy Jagpal Comments:
"With the addition of this second tenant lease for the Washington property, our business model is now
well underway. We will continue to execute on our Cannabis Infrastructure business model to serve the
needs of tenant-growers in the US and Canada."
 About the Washington I-502 Marijuana Market
In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502)
pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and
tax recreational marijuana products for persons over twenty-one years of age and thereby created a new
industry for growing, processing and selling of Washington State-regulated recreational marijuana
products. A recent WSLCB commissioned report by the Rand organization suggests that there are
currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 -
$1.5 Billion USD in annual sales.

About Bougainville Ventures, Inc.
Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing
greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including
processing, cannabis expertise and marketing and sales resources. Greenhouse canopies provide a 50%
saving in cultivation cost. Bougainville has 10,000 sq.ft., in near production in Oroville, WA.

For more information please visit: http://bougainvilleinc.com/

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

_____________________
Andy Jagpal, CEO and Director

For further information, please contact Andy Jagpal at andy@bougainville.com or 1-844-734-8420
____________


FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning
of Canadian securities laws, including statements regarding the Oroville, WA cultivation facility: statements pertaini
--->ng to
the ability of Bougainville Ventures Inc. ("BOG"); the anticipated economic potential of the property; the availabilit
--->y of
capital and finance for BOG to execute its strategy going forward. Forward-looking statements are based on estimates
and assumptions made by BOG in light of its experience and perception of current and expected future developments, as
well as other factors that BOG believes are appropriate in the circumstances. Many factors could cause BOG's results,
performance or achievements to differ materially from those expressed or implied by the forward looking statements,
including: discrepancies between actual and estimated results from exploration and development and operating risks,
dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including
environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or prope
--->rty and
dependence on key employees. Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future events or
otherwise.
 


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