Rubicon Organics Inc. (CSE:ROMJ) (OTCQX:ROMJF) (“Rubicon Organics” or the “Company”), a super-premium, organic cannabis producer with operations in Canada, Washington and California, is proud to announce the establishment of its diverse genetic library in its newly licensed, 125,000 sq. ft. facility in Delta, British Columbia.
“Our extensive genetic library features unique stabilized cultivars previously developed in the medical cannabis market and will be instrumental in our breeding program where we commit to bringing new and exciting strains to the Canadian market”, said Jesse McConnell, Co-Founder and CEO of Rubicon Organics. “Plant genetics critically underpin our promise of high-quality terpene rich organic cannabis, therefore our library also includes cultivars not previously available in the Canadian market including Sour Cookies and Creek Congo, both known for their outstanding flavor and terpene profiles.”
The extensive breadth and scope of the genetic library is a further sign of Rubicon Organics’ commitment to quality through the development and stabilization of disease-free and pest-resistant cannabis cultivars for future commercial production. Rubicon Organics anticipates the first harvest at its Delta, BC facility in Q2 2019.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Rubicon Organics’ plan to cultivate, timing and estimates of production for its facilities, are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “plans” or “is expected”, or variations of such words and phrases or statements that certain actions, events or results are “to begin”, “ramping up to”, “imminent”, “set to” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements.
The forward looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that its capital needs will be as currently projected, that Rubicon Organics will be able to successfully obtain all necessary permits and approvals to conduct its business as currently proposed to be conducted, that Rubicon Organics will not be prosecuted in the U.S. for its involvement in the cannabis industry.
Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under U.S. federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics’ limited operating history and lack of historical profits; reliance on management; and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
SOURCE: Rubicon Organics
Zenabis to Supply Premium Recreational Cannabis to Alberta
Zenabis Global Inc. (“Zenabis”) (TSXV: ZENA) today announced that it will formally enter the Alberta recreational cannabis market, supplying retailers throughout the province through a Supply Agreement it has entered into with the Alberta Gaming, Liquor & Cannabis Commission (AGLC). Zenabis will supply seven strains of its premium, adult-use Namastetm products beginning Q1 2019.
Alberta represents the eighth province/territory that Zenabis will supply, and builds on Zenabis’ significant recent momentum in developing sales and marketing channels for its complete range of products. On February 4, 2019 Zenabis announced an agreement with Shoppers Drug Mart, adding a major new retail channel to serve medical patients across Canada.
“We are thrilled to offer our products to Alberta consumers, and to grow our distribution platform in a significant new market,” said Andrew Grieve, Chief Executive Officer of Zenabis. We look forward to continuing the rapid expansion of our distribution relationships in Canada and abroad.”
In addition to Alberta, Zenabis has distribution relationships with government and third-party retailers/distributors British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and the Yukon Territory.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Zenabis, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the sale of Zenabis products in Alberta pursuant to the supply agreement; and the conversion, expansion and optimization of Zenabis’ facilities. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur. Forward-looking information is based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Zenabis’ control. These risks, uncertainties and assumptions include, but are not limited to, those described Zenabis Management Information Circular dated November 23, 2018, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Furthermore, any forward-looking information with respect to available space for cannabis production is subject to the qualification that management of Zenabis may decide not to use all available space for cannabis production, and the assumptions that any construction or conversion would not be cost prohibitive, required permits will be obtained and the labour, materials and equipment necessary to complete such construction or conversion will be available. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Zenabis does not intend, nor undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
SOURCE: Zenabis Global Inc.
New Partnership for tasty and vegan-friendly dish
Sunset Grill Restaurants and McIlhenny Company’s world-famous TABASCO® brand have joined forces for a limited time infusing the rich, smoky flavour of TABASCO® Chipotle Sauce with the Canadian breakfast chain’s tasty new Southwest Vegan Breakfast Hash.
Sunset Grill’s vegan hash combines home fries with sautéed onion, red pepper and mushrooms with a side of diced tomatoes and gluten-free guacamole. It was created in part due to guest demand for more vegan-friendly breakfast options. Now and for a limited time, a bottle of TABASCO® Chipotle Sauce will be served tableside with the dish and be offered as a premium flavour option on all dishes upon request.
“The smoky profile of the TABASCO® Chipotle Sauce perfectly complements the southwest flavour of Sunset Grill’s vegan hash and really takes the dish to a whole new level,” said Angelo Christou, founder and CEO of Sunset Grill Restaurants Ltd.
TABASCO® Chipotle Sauce is considered a “medium” on the Scoville scale – which means it’ll give you the kick of heat you crave without completely knocking your socks off. The sauce is made of vine-ripened, red jalapeño peppers smoked over an open pecan wood fire. It’s preservative free, gluten-free, non-GMO, kosher and halal.
“TABASCO® Foodservice Canada are thrilled to partner with an iconic local Canadian brand in Sunset Grill. We salute their ongoing efforts to innovate customer centric healthier, in this case vegan-friendly, options that deliver big flavour, and satisfaction,” said Daryl Lunney, vice president marketing, TABASCO® Foodservice Canada. “Loyal Sunset Grill patrons will now have the opportunity to elevate their other amazing offerings with a touch of the southwest by adding just a few dashes of TABASCO® Chipotle Sauce.”
The partnership was born out of a desire to elevate the traditional breakfast brand’s offerings with on-trend flavour infusions. The promotion includes an in-store poster, as well as an online ad spend for every Sunset Grill restaurant location to target local communities as well as an additional effort to promote the dish within the vegan community.
TABASCO® Chipotle will be available in all Sunset Grill franchised locations until late April 2019.
SOURCE: Sunset Grill Restaurants Ltd.
Ontario: Fire & Flower announces two cannabis store agreements
Fire & Flower Holdings Corp. (“Fire & Flower” or the “Company”) (TSXV: FAF) is pleased to announce that its subsidiary, Fire & Flower Inc. (“F&F”), has entered into agreements (the “Agreements”) with two of the initial 25 applicants that have been selected by the Alcohol and Gaming Commission of Ontario (the “AGCO”) to apply for cannabis Retail Operator Licences in the East Region of Ontario.
Both of the applicants have submitted their Retail Operator Licence and Retail Store Authorization applications. Following receipt of the Agreements, the AGCO has advised the applicants that their applications will proceed to the eligibility phase of review, where they will be assessed for current and ongoing compliance with the Cannabis Licence Act, 2018 and its regulations.
The Agreements provide F&F with licensing and consulting fees as well as an option to purchase each of the applicant’s interest in the retail locations after the expiry of the lottery process, subject to approval by the AGCO. Development of the retail stores is underway to meet the AGCO’s timeline for opening by April 2019.
“These agreements represent another important step in Fire & Flower’s mission to introduce our elevated education-based approach to adult-use cannabis retail to Ontarians”, said Trevor Fencott, Chief Executive Officer of Fire & Flower. “They represent a strong vote of confidence in Fire & Flower’s best-in-class expertise to assist these applicants to develop and operate a highly regulated business within an aggressive timeline.”
Fire & Flower currently operates retail cannabis and accessory stores in Alberta and Saskatchewanand has a wholesale cannabis supply business in Saskatchewan. As part of its growth strategy, the Company intends to continue applying for licences for retail shops in Alberta, Saskatchewan and in all provinces that allow private cannabis sales, including Ontario, British Columbia and Manitoba.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes. Forward-looking statements in this news release include, but are not limited to, statements regarding the granting of a Retail Operator License and Retail Store Authorization to each of the applicants, the approval by the AGCO of the Agreements, any licensing and consulting fees to be paid to F&F and the opening of the retail stores by April 2019. Management of the Company believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Company, including data from publicly available governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of the retail cannabis industry which the Company believes to be reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. While the Company is not aware of any misstatement regarding any industry or government data presented herein, the retail cannabis industry involves risks and uncertainties and is subject to change based on various factors.
Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, many of which are beyond the control of the Company and which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements, including those risks identified under the heading “Risk Factors” in the Company’s filing statement dated February 6, 2019 as filed on SEDAR atwww.sedar.com.
Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
SOURCE: Fire & Flower Inc.
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