Nasdaq GlobeNewswire

UPDATE: Biome Grow Introduces Ontario-based brand, Great Lakes Cannabis

Del

TORONTO, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Biome Grow Inc. (“Biome” or the “Company”) (CSE:BIO) (Frankfurt:6OTA) is pleased to introduce its Ontario-based subsidiary and brand, Great Lakes Cannabis Co. (“Great Lakes Cannabis”). Located in Norwich, Ontario, Great Lakes Cannabis will serve Biome’s national and international markets with Canadian-grown cannabis.

Great Lakes Cannabis derives its name from the Great Lakes that edge the province of Ontario. This new brand is consistent with Biome’s provincial branding approach. However, the associated production facility is unique in the Biome portfolio as it is primarily designed to supply jurisdictions beyond its home province at the onset.

Great Lakes Cannabis (formerly known as P-209 Inc.) is a late stage applicant to the Access to Cannabis for Medical Purposes Regulations (ACMPR). It expects to be in a position to receive a cultivation licence shortly after work on its Norwich production facility is finished. The production facility resides on approximately 100 acres of some of the most fertile farmland in Canada, which will support both indoor and, ultimately, outdoor growing of cannabis. 

“Our Great Lakes Cannabis brand and facility will primarily supply cannabis products to the Atlantic Canadian provinces that Biome operates until additional distribution channels are brought online in Ontario,” said Chief Executive Officer, Khurram Malik. “Longer term and subject to applicable legal requirements we see Great Lakes Cannabis supporting the international markets that we’ve been cultivating for future growth.”

For further information, please contact:
Alise Mills
amills@sussex-strategy.com 
778-928-0267

About Biome
Biome Grow wholly owns Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and in the late stages of applying for a license under the ACMPR. Biome also owns four other wholly-owned subsidiaries: Highland Grow Inc., a licensed producer in Nova Scotia under Canada’s ACMPR; The Back Home Medical Cannabis Corporation, a company incorporated under the laws of the Province of Newfoundland and Labrador and in the late stages of applying for a license under the ACMPR; Red Sands Craft Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island and; Weed Virtual Retail Inc., a company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology platform focused exclusively on the medical and recreational cannabis markets. Biome is a Canadian-based company with national and international business interests.

Forward-looking statements
Certain statements or projections contained in this document are forward-looking statements, including those that discuss the Company’s intention that Great Lakes Cannabis Co. will position itself to supply cannabis products for Canadian and international markets, its expectation that it will receive a cultivation license and the timing associated therewith, the specifics associated with the Great Lakes Cannabis production facility and when such facility will be complete, production capacity in the other provinces in which Biome operates in and the timing of when such facilities will have sufficient local production, its plans to build a local and sustainable ecosystem in Ontario, its plans to operate a diversified mix of low cost licensed cannabis production facilities across Canada and other jurisdictions including internal jurisdictions and the long term business plans of Biome.  Such forward-looking statements reflect management’s current beliefs and expectations and are based on assumptions made by and information currently available to the Company, including the assumption it will be able to obtain all necessary regulatory licenses, permits and approvals to produce and sell cannabis and generally operate its business in both Canada and internationally, that labour, construction, and other costs will remain low for its licensed cannabis production facilities, and sufficient financial resources will be available.

These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, among other things, a failure to obtain or delays in obtaining the required regulatory licenses, permits, or approvals, changes to legislation, changes in cannabis research or the general public’s perception of cannabis, crop failure, labour disputes, increases in labour and/or construction costs, rising energy costs, an inability to access financing as needed, and a general economic downturn. These forward-looking statements speak only as of the date on which they are made, and the Company, or any of its subsidiaries undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Om Nasdaq GlobeNewswire

Nasdaq GlobeNewswire
Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

+1 212 401 8700http://www.nasdaqomx.com

NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.

Følg saker fra Nasdaq GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Nasdaq GlobeNewswire

LeddarTech’s Mobility Leadership Series Addresses Autonomous Driving and LiDAR Technologies in Europe14.11.2018 06:01Pressemelding

QUEBEC CITY, Nov. 14, 2018 (GLOBE NEWSWIRE) -- LeddarTech, an industry leader in providing the most versatile and scalable automotive LiDAR development platform, announces that as part of the LeddarTech Mobility Leadership Series, two of its experts, Pascal Tousignant, senior product line manager and Frantz Saintellemy, president and COO, will take the stage at two different key European industry events this month : the DVN Conference on LiDAR and the Telegraph Smart Mobility Summit 2018. DVN Conference on LiDAR On November 20, 2018, in Frankfurt, Germany, LeddarTech’s Senior Product Line Manager Pascal Tousignant will present Demystifying LiDAR Technologies and Business Models for Automotive AD Applications. This presentation explains LeddarTech’s technology choices and their competitive advantages. It also provides details on the LeddarTech LiDAR solution that enables customers to design custom automotive LiDARs with the leverage of LeddarTech’s reliable, safe and flexible platform.

Algeco Enters Into Definitive Agreement to Sell Target Lodging14.11.2018 00:59Pressemelding

LONDON, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Algeco Investments B.V. (“Algeco Investments”, and together with its subsidiaries, “Algeco”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that certain of its subsidiaries have entered into a definitive agreement (the “Stock Purchase Agreement”) with Platinum Eagle Acquisition Corp., a publicly traded special purpose acquisition company (“PEAC”), to sell the Algeco Group’s North American remote accommodations business, Target Lodging, to Target Lodging Holdings Corp. (“Holdco”), a newly-formed subsidiary of PEAC (the “Transaction”). Simultaneously to the Target Lodging sale, TDR Capital LLP will be selling its Signor Holdings business to PEAC as well. Andrew Tyler, CEO Algeco: “We are very excited about the sale of Target Lodging to Platinum Eagle Acquisition Corp. This sale captures significant value for Algeco and allows Algeco to continu

ELS Educational Services, Inc. Wins English Language School Award for Sixth Consecutive Year13.11.2018 23:20Pressemelding

ELS Educational Services, Inc. won the award for English Language School – USA at the UED Agency Awards of Turkey. This is the sixth consecutive year ELS has won the award. Princeton, New Jersey, Nov. 13, 2018 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE ELS Educational Services, Inc. won the award for English Language School – USA at the UED Agency Awards of Turkey. This is the sixth consecutive year ELS has won the award. The UED Agency Awards is the first competition of its kind that recognizes excellence among language schools and service providers in Turkey. Institutions are nominated then voted on by UED Member Agencies, who are the leaders of the international education consultancy sector in Turkey. “The ELS brand is stronger than ever in Turkey,” said Osman Akyuz, Director of Recruitment and Agent Support in Turkey. “We provide the best academic English in great locations and we have the most experienced instructors.” ELS was presented the award at a banquet at the Divan Otel / Ta

Doc re. GE Files Form 8-K13.11.2018 17:30Pressemelding

FAIRFIELD, Conn., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Company General Electric Company ISIN US3696041033 Symbol London: GEC | Paris: GNE Headline Doc re: GE files Form 8-k November 13, 2018 On November 13, 2018, General Electric Company (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"), which has been submitted to RNS. It is also available on the SEC's website at http://www.sec.gov and on the Company's website at https://www.ge.com/investor-relations/events-reports. http://www.rns-pdf.londonstockexchange.com/rns/2365H_1-2018-11-13.pdf CONTACT: GE Jennifer Erickson +001 646 682 5620 jennifer.erickson@ge.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visi

CloudGenix Named a Finalist in the 2018 CRN® Tech Innovator Awards13.11.2018 17:00Pressemelding

Company’s AppFabric Recognized in the 2018 Enterprise Networking Category SAN JOSE, Calif., Nov. 13, 2018 (GLOBE NEWSWIRE) -- CloudGenix announced today that CRN , ® a brand of The Channel Company, has been recognized as a finalist in the 2018 CRN Tech Innovator Awards. These annual awards honor standout hardware, software, and services that are moving the IT industry forward. In compiling the 2018 Tech Innovator Award list, CRN editors evaluated 300 products across 34 technology categories using several criteria, including technological advancements, uniqueness of features and potential to help solution providers solve end users' IT challenges. CloudGenix’s AppFabric took top honors in the Enterprise Networking category. CloudGenix AppFabric is a revolutionary software-defined wide area networking (SD-WAN) platform that allows businesses to integrate cloud and SaaS applications, create a secure application-defined fabric across any WAN transport, reduce operational cost and complexity

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom