Mydecine Innovations Group Inc (MYCOF)

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New Age Farm Negotiates Second Property in Washington State
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VANCOUVER, BC / ACCESSWIRE / October 27, 2015 / New Age Farm Inc. (CSE: NF) (OTC: NWGFF) (FSE: ONF.F) (www.newagefarminc.com) (#NWGFF) ("New Age Farm" or the "Company") is pleased to announce that it has entered into negotiations to acquire an additional 3.9 acre property located in Oroville, Washington (the "Oroville Property"). The Oroville Property is capable of housing up to three additional tier three licensees; these leases of up to one acre per tenant will be Washington State I-502-compliant. The Company has received written confirmation from local authorities that the Oroville Property is compliant with this anticipated usage. New Age Farm expects to close escrow on the Oroville Property and to take up occupancy within the next 120 days.

Carman Parente, president and CEO of New Age Farm commented that, "Oroville, WA is easily accessible from Canada via a 24 hour border crossing located at Osoyoos, BC at Highway 97/US Route 97 and is located in a fertile agricultural area, thereby meeting our internal business criteria for location and land quality. This is just the type of property that we will continue to seek out so as to increase our agricultural land bank holdings and for the build out of multiple green campuses throughout the Pacific Northwest where tenant-growers can cultivate high cash crops in our specialty built turnkey facilities."

About New Age Farm

Through its wholly-owned subsidiary, NHS Industries Ltd. ("NHS"), New Age owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 square foot greenhouse facility, capable of growing 2.4 million 4" potted plants annually. NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. The facility is located minutes from three major Canada - USA border crossings and direct routes to the lower mainland west and to all points east and west along 16th Ave to Hwy 99 and to Hwy 1 make its location in South Langley an ideal hub. NHS intends to become a beta site for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all its on-site operations. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste.

Through its Washington State subsidiary, New Age Farm owns a second property that is located in Sumas, WA, where it intends to offer fully built out turnkey service operations to licensed I-502 tenant-growers who will lease the facilities for production and processing. With two leases already in place, operations in Washington State are expected to begin as soon as the Company completes its first build out.

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 the 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.

For further information about New Age Farm, please consult the Company's profile on SEDAR at www.sedar.com.

On Behalf Of The Board Of Directors

Carman Parente
President and Chief Executive Officer

For further information, please contact:

Investor Relations
Briggs Smith
813-438-5225
[e-mail]

OR

[e-mail]
WWW.NEWAGEFARMINC.COM

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