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PUFXF.otc

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

PUFXF.otc

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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#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
#815  Sticky Note https://puf.ca/press-releases/ DFREIHOEFER 01/08/19 07:31:08 PM
#902   VANCOUVER, British Columbia, December 26, 2018 – MYM 5bjjamie5 01/23/19 09:43:09 AM
#901   In short, nothing going on with Solaris... 5bjjamie5 01/23/19 09:37:53 AM
#900   Dec 26th 2018 “MYM Nutraceuticals announces that it will 5bjjamie5 01/23/19 09:37:20 AM
#899   Does anyone have any info on Solaris Nutraceuticals, B Pree 01/23/19 08:56:46 AM
#898   Royal Caribbean? :D 5bjjamie5 01/22/19 10:02:08 PM
#897   What’s going on with the latest tranche? B Pree 01/22/19 09:53:30 PM
#896   Beat me to posting it. Thanks for sharing, DFREIHOEFER 01/22/19 06:24:23 PM
#895   Good news. Thanks for sharing :) 5bjjamie5 01/22/19 12:19:26 PM
#894   NEWS https://markets.businessinsider.com/news/stocks/agraflora-organics-wholly- B Pree 01/22/19 05:28:38 AM
#893   I read about it (can’t remember where 5bjjamie5 01/19/19 08:51:30 PM
#892   How or where did u come across agra, Skynyrd 01/18/19 04:45:36 PM
#891   I just got in this week at .22. 5bjjamie5 01/18/19 04:13:03 PM
#890   Cheers to that! DFREIHOEFER 01/18/19 12:16:41 PM
#889   Lots of new faces glad to see it. Welcome. DFREIHOEFER 01/18/19 12:15:55 PM
#888   DANG nice welcome aboard cant wait until Skynyrd 01/18/19 12:02:05 PM
#887   im in scarvo58 01/18/19 11:00:48 AM
#886   AGRA Skynyrd 01/18/19 09:51:36 AM
#885   They must be holding it back. My jellogan 01/18/19 09:41:10 AM
#884   I’d like a nice Christmas present this year 5bjjamie5 01/18/19 08:12:58 AM
#883   Seems that way. Very quiet. But B Pree 01/18/19 07:29:02 AM
#882   They will start generating substantial income in Q3. DFREIHOEFER 01/18/19 05:36:54 AM
#881   When will pps reflect their income? 5bjjamie5 01/17/19 10:20:34 PM
#879   A lot of quiet accumulation at these levels DFREIHOEFER 01/16/19 03:48:40 PM
#878   That 300000 thousand hit is worth 64,890.00 very Skynyrd 01/16/19 03:31:02 PM
#877   I hope this keeps going down until Friday jellogan 01/16/19 01:38:29 PM
#876   BP like I said they are working hard Skynyrd 01/15/19 02:28:34 PM
#875   Interesting job posting from Canopy for a trimmer. B Pree 01/15/19 12:18:30 PM
#874   I can’t find anything damning. It looks B Pree 01/14/19 08:13:21 PM
#873   In the filing I've been going over I Skynyrd 01/14/19 05:50:54 PM
#872   Tasty tidbit https://www.delta-optimist.com/news/delta-greenhouse-operator-inks B Pree 01/14/19 03:21:40 PM
#871   Welcome BP great to have ya here, your Skynyrd 01/14/19 03:00:52 PM
#870   Looking forward to first plant deliveries this quarter. B Pree 01/14/19 02:27:50 PM
#869   Welcome. Your in at ground level, congrats! DFREIHOEFER 01/14/19 12:10:10 PM
#868   I’m in at .222 B Pree 01/14/19 10:39:54 AM
#867   $5M tranche distribution on Tuesday! That's the 3rd DFREIHOEFER 01/13/19 02:05:18 PM
#866   Solaris Nutraceuticals Receives AUD$2,500,000 Grant from Federal Depart Skynyrd 01/13/19 01:52:35 PM
#865   Dance just getting started..we got some sizeable investment Skynyrd 01/13/19 01:31:09 PM
#864   Hmm, so what do we have here? Thinking Hunchbackgeek 01/13/19 12:47:15 PM
#863   How so? DFREIHOEFER 01/13/19 12:07:22 PM
#862   Little late to the dance behind village farms tomasini 01/13/19 11:44:38 AM
#861   For great insight follow @davidbparry on twitter! DFREIHOEFER 01/13/19 11:22:17 AM
#859   THC trumps tomatoes as Delta farm eyes cannabis market[/color Skynyrd 01/12/19 11:37:32 AM
#858   This grow faculty is impressive. Just by the Skynyrd 01/12/19 11:27:42 AM
#857   No problem so excited what we have and Skynyrd 01/12/19 11:26:05 AM
#856   Thanks for updating the page. I've been tweeting DFREIHOEFER 01/12/19 11:16:05 AM
#855   AgraFlora Acquires 184 New Cannabis Varieties from Genetics Skynyrd 01/12/19 08:54:06 AM
#854   Acquisition of AAA Heidelberg was significant because now DFREIHOEFER 01/11/19 07:40:42 PM
#853   AAA Heidelberg Inc Canadian Licensed Producer DFREIHOEFER 01/11/19 06:14:29 PM
#852   Canopy Growth Joint Venture DFREIHOEFER 01/11/19 06:12:14 PM
#851   Welcome Sir, we are going world wide and Skynyrd 01/11/19 02:54:45 PM
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