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Agraflora Organics Inc. (PUFXF)

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AGRA.cse

Welcome to AgraFlora Organics International Inc. (Formerly PUF Ventures Inc.)

Our new brand better reflects the diversified nature of our business moving forward and our goal to become a premier cannabis company in Canada.

We are very proud of our accomplishments and enter 2019 as a Licensed Producer with two Canadian locations preparing for cannabis production and sales.

OS 340,834,315
12/18/18

Company Website

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AGRA.cse

SEDAR Filings


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AgraFlora Organics Completes Acquisition of 100% Interest of Licensed Cannabis Producer AAA Heidelberg Inc./


VANCOUVER, Dec. 19, 2018 /CNW/ - AgraFlora Organics International Inc. (formerly PUF Ventures Inc.) (the "Company") (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, is pleased to announce the acquisition of 100% interest in the London, Ontario based licensed cannabis producer, AAA Heidelberg Inc.

In conjunction with the acquisition the Company has issued 12,216,509 common shares (the "Shares") at a deemed price of $0.1667 per share to the shareholders of AAA Heidelberg Inc. ("AAA Heidelberg") pursuant to the share exchange agreement entered into between the Company, AAA Heidelberg and the shareholders of AAA Heidelberg dated January 26, 2015. The completed share transfer has resulted in the acquisition of the remaining interest of the AAA Heidelberg licensed facility and the entity is now a wholly owned subsidiary of AgraFlora Organics International Inc.

"This acquisition marks a very important milestone in AgraFlora's growth initiative and designation as an official licensed cannabis production company." said Derek Ivany, President and CEO of AgraFlora Organics International Inc. "This, combined with the Company's 2,200,000 square foot Delta Greenhouse facility places AgraFlora among the largest potential per square footage cannabis producers in Canada and we are focused on brining both facilities into revenue generating production in 2019."

AgraFlora's AAA Heidelberg personnel are currently working with Canopy Growth to initiate the first crop of high quality medical cannabis at the London, Ontario based facility.

In Delta, BC the Company continues the retrofit of the existing 2,200,000 square foot Delta Greenhouse Complex and operations are currently on schedule to complete 250,000 sq. ft. of flowering area by the end of the Q2 2019. AgraFlora intends on completing the total of 1,700,000 sq. ft. of flowering area by the end of 2019 and the final phase of the greenhouse retrofit is planned to include an additional 450,000 sq. ft. of flowering area scheduled for completion in the summer of 2020.

The shares issued pursuant to the Agreement and the debt settlements are subject to a four month hold period.

The acquisition of the remaining interest in licensed cannabis producer AAA Heidelberg follows AgraFlora's December 13, 2018 announcement of a supply agreement with Namaste Technologies Inc.'s wholly-owned subsidiary, Cannmart Inc. for the right of first refusal to purchase up to 10% of the total annual production from AgraFlora's large-scale Delta Greenhouse Complex. This represents up to 25,000,000 grams per year, at a price of $4 per gram.

As announced on December 10, 2018 the Company recently closed on a $7.5 million second tranche of a $40 million financing to be used exclusively to develop the Delta Greenhouse Complex. A total of $20 million have been raised with the remaining $20 million to be paid in two tranches of $5 million on January 15 and $15 million on March 1, 2019.

About AgraFlora Organics International Inc.

AgraFlora Organics International Inc. is a growth oriented and diversified company focused on the international cannabis industry. It owns an indoor cultivation operation in London, ON and is a joint venture partner in Propagation Service Canada and its large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The Company has a successful record of creating shareholder value and is actively pursuing other opportunities within the cannabis industry. For more information please visit: www.agraflora.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Derek Ivany
President & CEO

Agraflora
ir@puf.ca

AgraFlora Organics International
Suite 804
750 West Pender Street
Vancouver, BC V6C 2T7
Canada

Derek Ivany
President & CEO

We have taken steps to establish our domestic distribution network and have initiated discussions with multiple pharma companies based in the European Union to establish an export market. "We expect to make an further announcement regarding domestic and export supply and product development agreements in the first half of 2019".

 

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PUFXF News: Enviro-Serv Inc (OTCMKTS:EVSV) Eyeing The $10 billion Industrial Hemp Market 11/05/2018 08:53:48 AM
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#1004  Sticky Note Agraflora: Buy This Undervalued Pot Stock, And Here's DFREIHOEFER 02/28/19 05:22:21 PM
#816  Sticky Note https://globenewswire.com/news-release/2018/12/19/1669816/0/en/AgraFlora-Organics-2-2-Million-Square DFREIHOEFER 01/08/19 10:10:11 PM
#1429   Tracker7 thats a lot of shares my friend. Fasttrack1 04/22/19 04:10:57 PM
#1428   So when do they start selling? Bobbo2836 04/22/19 02:58:28 PM
#1427   May will be fantastic! eur06 04/22/19 12:52:44 PM
#1426   Holding 25,000 shares going to add 20,000 more Fasttrack1 04/22/19 11:06:28 AM
#1425   Also news of the start and completion of Tracker7 04/22/19 10:32:21 AM
#1424   No doubt. The news of the first phase Tracker7 04/22/19 10:29:29 AM
#1423   The completion should move this stock passed 1.00 Fasttrack1 04/22/19 10:26:23 AM
#1422   About a dozen PUFXF press releases since beginning Tracker7 04/22/19 10:06:24 AM
#1421   First phase to be completed by end of Tracker7 04/22/19 10:04:25 AM
#1420   https://youtu.be/p6aPaj6iGPs Couple weeks old but good watch Trey trades 04/21/19 01:57:43 PM
#1419   Was the deep dive article done on the Trey trades 04/21/19 12:28:01 PM
#1418   Hmm that sounds like a good write up. Trey trades 04/21/19 12:44:25 AM
#1417   http://thedeepdive.ca/company-overview-agraflora-organics/ sonarone212 04/20/19 10:42:17 PM
#1416   10/15/2019 Ultraz2 04/20/19 06:21:14 PM
#1415   Is that PR dated 04/18/19 or is hoopsville 04/19/19 04:57:54 PM
#1414   Cultivation licenses is PUF Ventures Inc. PUF Ventures Inc. sonarone212 04/18/19 05:42:06 PM
#1413   https://globenewswire.com/news-release/2019/04/18/1806734/0/en/organic-flower-to sonarone212 04/18/19 05:06:23 PM
#1412   Either way I think it's going up so Hippd 04/17/19 04:40:02 PM
#1411   As I said a year from today we eur06 04/17/19 04:36:38 PM
#1410   Yes I disregard that. Heck, they could be Hippd 04/17/19 04:10:13 PM
#1409   Lol....so you just disregard $40 M recently placed eur06 04/17/19 03:29:16 PM
#1408   Losing 50% is not consolidating. Call it for Hippd 04/17/19 01:50:10 PM
#1407   It was at .11. It was pure gold. Hippd 04/17/19 01:49:01 PM
#1406   The charts predicts the future as well because Hippd 04/17/19 01:45:08 PM
#1405   I’ve read June... Ultraz2 04/17/19 12:26:26 PM
#1404   I believe tour has been pushed off to tomdoc 04/17/19 08:25:46 AM
#1403   I see the chart that tells me the past..... eur06 04/17/19 08:09:25 AM
#1402   https://capital10x.com/agraflora-agra-operations-greece/amp/ sonarone212 04/17/19 12:06:40 AM
#1401   Weed sector overall has been awful the last Trey trades 04/16/19 03:23:17 PM
#1400   Why is no one buying this? DD says Randbo1 04/16/19 02:48:11 PM
#1399   Wait till the trolls come out questioning if Hippd 04/15/19 03:05:50 PM
#1398   What’s your next call? rprimo 04/15/19 02:49:54 PM
#1397   Nailed the call on the dip again way Hippd 04/15/19 01:43:52 PM
#1396   https://www.delta-optimist.com/news/delta-to-be-home-to-second-largest-pot-green sonarone212 04/15/19 10:34:13 AM
#1395   I believe it’ll run loaded up for the ride rprimo 04/12/19 10:21:35 PM
#1394   I disagree to an extent. This could be Hippd 04/12/19 06:36:38 PM
#1393   I agree. The run is coming. Parapraxis 04/12/19 04:59:28 PM
#1392   Yeah was a good time to loaderup rprimo 04/12/19 04:58:48 PM
#1391   We went into the week @ .45 We are Parapraxis 04/12/19 03:57:09 PM
#1390   15ish % isn’t a good run? rprimo 04/12/19 02:30:22 PM
#1389   No. I own shares here. Just don’t see Parapraxis 04/12/19 01:45:27 PM
#1388   Sold, broke about even this last round. I Hippd 04/12/19 01:44:21 PM
#1387   Lol it is troll rprimo 04/12/19 12:27:13 PM
#1386   No. Parapraxis 04/12/19 09:54:37 AM
#1385   Gonna run today? rprimo 04/12/19 09:46:06 AM
#1384   https://oracledispatch.com/microcap-focus-stock/?fbclid=IwAR38BxI-_W4XDRvIwRaSPH Hippd 04/12/19 02:57:30 AM
#1383   Thanks for the info..... eur06 04/11/19 02:57:14 PM
#1382   I smoke alot while I write stuff =)25 Hippd 04/11/19 02:51:57 PM
#1381   250,000,000/25,000 is ....10,000 factor...you missed way more than eur06 04/11/19 02:44:43 PM
#1380   Missed a zero, you're right. Fraudulent slip. Hippd 04/11/19 02:40:32 PM
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