06:04:38 EDT Fri 29 Mar 2024
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Agraflora Organics International Inc
Symbol AGRA
Shares Issued 1,077,279,409
Close 2020-04-03 C$ 0.05
Market Cap C$ 53,863,970
Recent Sedar Documents

Agraflora Organics figures on getting licence by Q3

2020-04-03 17:19 ET - News Release

Mr. Brandon Boddy reports

AGRAFLORA'S 2.2 MILLION SQUARE FOOT DELTA GREENHOUSE MOVES TOWARD LICENSING

Agraflora Organics International Inc.'s key asset, Propagation Services Canada (the Delta facility) has completed additional steps in the process to obtain a licence to cultivate cannabis from Health Canada and confirms its commitment to deliver the cultivation licence at the Delta facility prior to the end of the second quarter of 2020, barring any material change in Health Canada's service standards as a result of prevailing socioeconomic conditions.

On April 3, 2020, the Delta facility submitted responses to the third request for more information (RMI) from Health Canada with respect to its cultivation application. The information submitted pursuant to the third RMI was submitted to clarify information previously submitted to Health Canada on Feb. 28, 2020.

Agraflora believes that the company has taken the last major step toward licensing, having submitted robust responses to Health Canada's requests in February and now again in March. Preparations have commenced to start cultivating once the licence is obtained, including completing our genetics transaction to pursue the company's high-potency, low-cost product strategy.

Furthermore, Agraflora would like to applaud Health Canada and its individual employees for maintaining licensing operations as we all navigate the challenges created by the COVID-19 crisis. While there is no guarantee as to the timing of the licence grant, or if there will not be any further requests for additional information, based on available information the company believes it has submitted all required information.

About Agraflora Organics International Inc.

Agraflora is a leading cannabis company building shareholder value through the development of revenue-generating operating assets in the global cannabis industry.

We seek Safe Harbor.

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