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VANCOUVER, Feb. 27, 2020 /CNW/ - The following issues have been halted by IIROC:
Company: Namaste Technologies Inc.(NXTTF)
TSX-Venture Symbol: N.WT
Reason: Pending Delisting
Halt Time (ET): 12:00 PM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
AgraFlora Organics Awarded Health Canada Research License at GMP-Certified Toronto, Ontario Bottling Facility and Increases Convertible Debenture Offering
December 10, 2019 03:05 ET | Source: AgraFlora Organics International Inc.
VANCOUVER, British Columbia, Dec. 10, 2019 (GLOBE NEWSWIRE) -- AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF), a growth oriented and diversified international cannabis company, is pleased to announce the Company’s subsidiary, Potluck Potions and Edibles Inc., has been awarded a cannabis research licence (the “Research License”) from Health Canada under the Cannabis Regulations Act.
The Research Licence equips AgraFlora with the ability to develop cannabis infused beverage formulations, as well as complete human sensory testing for taste, appearance, aroma and texture at its GMP bottling facility located in Toronto, Ontario (the “Toronto Bottling Facility”). The Research Licence also allows AgraFlora to possess and store dry cannabis, cannabis oils/concentrates and cannabis edibles on site at the Toronto Bottling Facility.
In anticipation of the Research Licence, AgraFlora began comprehensive retrofit initiatives at the Toronto Bottling Facility including the completion of a cannabis research laboratory (the “Research Laboratory”) within its current GMP-certified premises. The Research Laboratory consists of state-of-the-art equipment for weighing, handling and processing microdosages of CBD and THC compounds, including magnetic mixers, homogenizers and high-pressure liquid chromatograph (“HPLC”).
The Company plans to immediately commence cannabinoid-related research and development activities, including:
Establishment of extraction protocols to isolate specific desirable compounds, including CBD, THC and THCV;
Cannabinoid extract infusion analysis relating to formulation and pilot batching;
Identification of process and physiochemical product attributes paired with analytically guided optimization;
Development of optimized blend formulations for water solubility and shelf stability ratios/forms;
High-pressure homogenization to produce superfine emulsions from cannabis oil; and,
Centrifugal partition chromatography to develop compounds in a powdered format.
AgraFlora's Toronto Bottling Facility boasts extensive manufacturing experience for leading beverage brands, such as Heineken and SABMiller, as well as the Coca-Cola Company. Strategically situated in the Greater Toronto Area (the “GTA”), the Toronto Bottling Facility affords the Company unbridled access to the largest addressable Canadian marketplace. The GTA is buoyed by established infrastructure, offering the flexibility to accommodate shipments from multiple ports and hubs across North America.
With annualized throughput of up to 30 million bottles, the Toronto Bottling Facility is equipped with custom-made bottling equipment, configured to conduct rapid production runs, with minimal downtime for production line changeovers. Fully operational, the Company’s Toronto Bottling Facility has been granted the following industry certifications:
Good manufacturing practices (“GMP”);
Canadian organic standards;
Certified vegan;
Fair trade certification (“ISO 17065”); and,
Kosher facility status.
Brandon Boddy, Chairman and Chief Executive Officer of AgraFlora stated: “The award of a Health Canada Research License at our GMP-certified Toronto Bottling Facility again places us at the nexus of a lucrative cannabis 2.0 vertical - cannabinoid-infused adult use and functional beverages. The functional beverage category is increasingly becoming the popular choice among consumers who are seeking low-calorie, nutrient-dense options as a healthy alternative to traditional beverages.
Our GMP-certified Toronto Bottling Facility, coupled with exclusive access to a suite of established cannabinoid-infused product formulation recipes already proven to garner considerable attention in mature U.S. marketplaces such as Colorado, further reinforces our position as a leader in the next phase of Canadian cannabis normalization.
The marketing and eventual distribution of our beverage products will follow additional testing, and will be subject to necessary approvals and licences to be granted by Health Canada and regulatory authorities in other territories."
Further to the Company’s news release dated November 25, 2019, AgraFlora has entered into signed subscription agreements for a non-brokered private placement offering consisting of 30,000 unsecured convertible debentures with an aggregate face value of $1,000 for increased gross aggregate proceeds of $30 million. The debentures shall mature on March 12, 2021.
Proceeds from the placement will be used as general working capital and to continue the Company's continuing capital expenditures at its 2.2-million-square-foot Delta greenhouse complex as well as its 51,500-square-foot Winnipeg edibles facility and for investment purposes.
Thank you. I was wondering what was up with it in my portfolio.
Can't get filled.
I like what I'm seeing today.
"BLOX intends to reach an agreement with Best Cannabis Products to acquire an 180,000-sq.-ft greenhouse facility located on 50 acres of land in Leamington, Ontario.
The LOI also includes management of the Leamington cannabis greenhouse whereby AgraFlora would receive up to 19.99% ownership, subject to the satisfaction of certain milestones, in BLOX or the “Newco” upon closing of the BCP arrangement.
Further, AgraFlora is to be named the manager of the Leamington cannabis greenhouse and will receive a management services and special warrants assuming BLOX completes its acquisition of Best Cannabis Products within the timeframe to be referenced in the agreement."
https://marketexclusive.com/agraflora-blox-labs-plan-to-form-cannabis-operations-management-firm/2019/01/
Has BLLXF reached an agreement with Best Cannabis Products?
https://marketexclusive.com/agraflora-blox-labs-plan-to-form-cannabis-operations-management-firm/2019/01/
VANCOUVER, March 1, 2019 /CNW/ - The following issues have been halted by IIROC:
Company: Blox Labs Inc.(BLLXF)
CSE Symbol: BLOX (All issues)
Reason: At the request of the Company Pending News
Halt Time (ET): 8:00 AM
News incoming.
VANCOUVER, Feb. 28, 2019 /CNW/ - AgraFlora Organics International Inc.(PUFXF) (the "Company") (CSE: AGRA) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, is pleased to provide an update to recent corporate activities and to the previously announced Equity Participation and Earn-In Agreement with Delta Organic Cannabis Corp. ("DOCC") for up to a $40 million investment at a price of approximately $0.45 per share for the retrofit of a large-scale medical cannabis cultivation operation in Delta, British Columbia.
Concurrently with the retrofit of the 2,200,000 square foot greenhouse complex located in Delta, BC, the Company has reached several important milestones in the past four months:
-- $20 million investment received from DOCC for the previously announced Equity Participation and Earn-In Agreement,
-- Cannabis supply agreement signed with Namaste Technologies for up to 25,000,000 grams of cannabis or 10% of total production from the Delta Greenhouse Complex for $4 per gram,
-- Engaged good manufacturing practices (GMP) facility experts to design post production exports for the European Union (EU) in preparation for the first crop of cannabis to be planted at its the large-scale Delta Greenhouse Complex,
-- Acquired the remaining interest in licensed producer AAA Heidelberg making it a wholly owned subsidiary,
-- Propagation supply agreement signed with Cabbay Holdings Corp. to supply high-CBD cannabis plants for a 5-acre outdoor grow operation,
-- Letter of intent executed with Blox Labs to build a best-in-class team of professionals to manage and operate state-of-the-art agricultural greenhouse facilities,
-- Formed Glow Life Technologies in partnership with Relay Medical Corp. to pursue medical related technology opportunities in the global cannabis sector,
-- Large library of cannabis seed varieties from diverse lineages acquired from a private genetics firm.
In addition, AgraFlora expects to be in receipt of the balance of the funds of the financing ($20 million) by March 31, 2019. Due to the size and complexity of the transaction, additional time is required to complete the transaction.
"We have made considerable progress over the past four months as we moved from an AMCPR applicant to an innovative high-quality licensed cannabis producer," said Derek Ivany, President and CEO of AgraFlora Organics(PUFXF). "We continue to move aggressively to prepare the Delta Greenhouse Complex for its first cannabis crop. We are focused on installing an advanced security system along with state-of-the-art lighting, watering and air purification technology to meet and exceed all regulatory and industry standards. We are also pursuing cannabis supply agreements with domestic and international customers in preparation for the first crop to be planted in Delta, BC. I would like to thank the project team for all their work and effort to keep the conversion of the Delta Greenhouse Complex on schedule and on budget. When at full capacity the Delta facility will be the second largest cannabis production site in Canada."
Plenty of time to accumulate!
Slowly accumulating shares every week. Glad this is staying low for now!
I'm guessing he's referring to Natures Hemp Co.
Looks like, from what I've seen, they distributed 100% of the common shares they received from them to shareholders. I don't know if that means they own the company outright though.
https://markets.businessinsider.com/news/stocks/puf-ventures-announces-closing-of-plan-of-arrangement-with-natures-hemp-corp-1027491603
Good. Glad he's out. Should help that company thrive. I don't think that should affect our deal with them either. If anything, it's gonna help.
@AgraFlora
AgraFlora Organics International
... true production needs may have been underestimated, given the high percentage of raw crops that will be demanded by the edible and beverage products hitting the Canadian market next October.AgraFlora Organics International added,
@_deepakanand
Why legal #cannabis growers can’t compete with the black market — yet https://www.thestar.com/news/cannabis/2019/02/01/why-legal-cannabis-growers-cant-compete-with-the-black-market-yet.html … via @torontostar
9:45 AM - 1 Feb 2019
... true production needs may have been underestimated, given the high percentage of raw crops that will be demanded by the edible and beverage products hitting the Canadian market next October. https://t.co/ppnGUgbU4c
— Agra Ventures Ltd. (@AgraFlora) February 1, 2019
Waiting to be filled...
They must be holding it back. My last 3 orders were cancelled. My 4th attempt was finally filled.
I hope this keeps going down until Friday so I can purchase even more shares!
Oh look, we're back at a buck!
GO NXTTF!
Welcome to the club.
Yessir.
I have a buy order in waiting to be filled!
That's my plan!
I'll be adding more tomorrow.
AgraFlora Organics International Inc. and Blox Labs Inc. Enter Letter of Intent to Form Cannabis Operations Management Company
VANCOUVER and TORONTO, Jan. 7, 2019 /CNW/ - AgraFlora Organics International Inc.(PUFXF)(formerly PUF Ventures Inc.) ("AgraFlora" or the "Company") (CSE: AGRA) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, and Blox Labs Inc.(BLLXF) ("BLOX") (CSE: BLOX) (OTCPK:BLLXF), are pleased to announce a letter of intent ("LOI") to negotiate in good faith a definitive agreement whereby AgraFlora and BLOX intend to form a joint venture company to build a best-in-class team of professionals from the cannabis, agriculture and pharmaceutical sectors to manage and operate state-of-the-art agricultural greenhouse facilities. Currently BLOX has executed a letter of intent with Best Cannabis Products Inc. (BCP) to enter into a definitive agreement to acquire a 180,000 sq. ft greenhouse facility on 50 acres of land in Leamington, Ontario.
"I am very pleased to announce the letter of intent with AgraFlora Organics(PUFXF) to create a cannabis operations management company that would oversee future cannabis operations including our potential ownership in the Leamington, Ontario project," said Jeff Zanini, CEO and Director, Blox Labs Inc.(BLLXF) "Derek has built an impressive management and operations team for AgraFlora and its large-scale greenhouse complex in Delta, BC and we will work together to do the same for the Leamington cannabis greenhouse and other projects. AgraFlora brings years of large-scale greenhouse experience to BLOX and the Leamington project and we will leverage this experience to introduce industry best practices to create the most efficient operation possible."
"I am very pleased to be joining Blox Labs(BLLXF) to establish management and operational best practices for medical cannabis cultivations for projects like the operation at Leamington, Ontario," said Derek Ivany, President & CEO of AgraFlora Organics International Inc.(PUFXF) "What impressed me the most with the Leamington project was the size of potential expansion of up to 1,000,000 sq. ft. of growing area. As our industry matures it will be those companies with large and efficient operations who succeed. Our management and operating team overseeing the retrofit of a former tomato greenhouse complex in Delta, BC, has many years' experience operating high tech greenhouses. The Delta Greenhouse Complex will be one of the most efficient greenhouses in the country with advanced technology operating HVAC, water and lighting, its own natural gas co-gen energy plant and prime location in Delta, BC. We will take a similar approach to the Leamington greenhouse and other potential projects. I look forward working with Jeff and his team as we finalize a definitive agreement and begin building the management team for the conversion at Leamington."
The LOI calls for AgraFlora and BLOX to form a joint venture company to build a best-in-class team of professionals from the cannabis, agriculture and pharmaceutical sectors to manage and operate cannabis greenhouses. The LOI also includes management of the Leamington cannabis greenhouse whereby AgraFlora would receive up to 19.99% ownership, subject to the satisfaction of certain milestones, in BLOX or the "Newco" upon closing of the BCP arrangement. AgraFlora is to be named the manager of the Leamington cannabis greenhouse and will receive the following compensation assuming BLOX completes its acquisition of BCP within the timeframe to be referenced in the Definitive Agreement:
(i)
a management services fee of 4% of the total cost of annual operations; and
(ii)
a total of 71,364,300 special warrants ("Special Warrants") priced at a deemed value of $0.04 per Special Warrant (for a total value of $2,854,572).
The Special Warrants are comprised of Series A, Series B and Series C with each series containing 23,788,100 Specials Warrants. Each Special Warrant is convertible, subject a conversion limitation of AgraFlora Organics(PUFXF) not owning more than 19.99 percent of BLOX at any time, into one common share in the capital of BLOX on the basis certain conditions and milestones being met including the completion of the acquisition of BCP by BLOX.
AgraFlora will also provide services and resources related propagation and genetics, greenhouse design and operation and large-scale cultivation to the Leamington cannabis project. In addition, AgraFlora will contribute rights relating to its existing cannabis operations and non-exclusive brands currently being sold in Canada.
The management contract of the Leamington cannabis greenhouse between AgraFlora and BLOX is conditional upon the completion of the acquisition of BCP by BLOX.
About Blox Labs Inc.(BLLXF)
On October 12, 2018, BLOX announced it had entered into a non-binding letter of intent to acquire all the issued and outstanding securities of BCP in exchange for approximately 240 million common shares of Blox which would result in a reverse takeover and a change of business for BLOX. BCP is a Canadian company headquartered in Toronto, Ontario that recently acquired a state-of-the-art agricultural facility in Leamington, Ontario – a preeminent locale for cannabis cultivation in Canada. The current greenhouse facility consists of 180,000 sq. ft. of cultivation space with the potential future expansion of up to 1,000,000 sq. ft.
For more information please visit: www.bloxlabs.ca.
About AgraFlora Organics International Inc.(PUFXF)
AgraFlora Organics International Inc. (PUFXF) 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
You gonna hop into BLLXF? I have a limit order in, waiting to be filled.
Sounds like a good plan to me!
I have some.
NEWS - VANCOUVER, Dec. 19, 2018 /CNW/ - AgraFlora Organics International Inc.(PUFXF)(formerly PUF Ventures Inc.) (the "Company") (CSE: AGRA) (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. ("AAAHeidelberg") 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.(PUFXF)
"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.(PUFXF) "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.(PUFXF)
AgraFlora Organics International Inc. (PUFXF) 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
Oh shit dude, you're not supposed to say his name 3 times. Remember?
BeetleJuice?
Voldemort?
VANCOUVER, Oct. 26, 2018 /CNW/ - Namaste Technologies Inc.(NXTTF) ("Namaste" or the "Company") (TSXV: N) (OTCMKTS: NXTTF) is pleased to announce that subject to the proposed legislation outlined by the Province of Ontario, that the Company intends to launch recreational cannabis dispensaries through its wholly-owned subsidiary, Cannmart Inc. ("Cannmart") and through its partnership with 2624078 Ontario In. ("Infinite Labz").
Both facilities are located within approximately 5km from Pearson International Airport. With over 47 million passengers through the airport annually, Cannmart and Infinite Labz will provide travelers with a convenient location within minutes from the airport that will offer a variety of cannabis products sourced from multiple vendors.
Cannmart is the first sales license which has been issued to a non-cultivator of cannabis in the Canadian market (the "sales-only" license). This allows Cannmart to offer a variety of cannabis products sourced from multiple license producers in a single platform. While the Company is focused on creating an online marketplace for medical cannabis, it has at the same time recognized the value of Cannmart and Infinite Labz locations and intends on launching physical dispensaries catered towards the recreational market.
Further to the Company's May 10th, 2018 news release, Namaste(NXTTF) acquired 51% of the issued and outstanding shares of Infinite Labz, which will be a purpose-built oil extraction facility incorporating leading extraction technology. Infinite Labz will offer a variety of products and brands to be sold to both the medical and recreational markets. Namaste(NXTTF) anticipates an accelerated demand for cannabis oils, and Infinite Labz will be a dedicated facility designed specifically for the production of oil and other products such as gel-caps, tinctures, pre-filled cartridges and edibles, as they become available on the market
The Company has also secured agreements strong US brands like Lowell Herb Co. ("Lowell Smokes") and Airo Brands Inc. ("Airo") to produce pre-rolls and pre-filled vaporizer cartridges subject to regulatory compliance. These brands, which are already established will be produced and distributed by the Company through Infinite Labz and Cannmart in the Canadian market. Both Lowell Smokes and Airo brands products will be made available through the dispensary locations along with a variety of other cannabis products which will be offered through Cannmart and Infinite Labz.
Management Commentary
Sean Dollinger , President and CEO of Namaste(NXTTF) comments: "We're looking forward to launching recreational dispensary locations in both facilities. Cannmart and Infinite Labz will each have unique product offerings that will provide value for both medical patients and recreational users. With our location being so close to the airport, we anticipate seeing a strong demand for a recreational dispensary model. While we have been focused on developing our online marketplace for medical cannabis, we recognize and intend on taking advantage of strong opportunities in the recreational market."
Looks like the MMs are desperately trying to hold this back.
VANCOUVER, Oct. 16, 2018 /CNW/ - Trading resumes in:
Company: Namaste Technologies Inc.(NXTTF)
TSX-Venture Symbol: N
Resumption (ET): 9:57:36 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
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VANCOUVER, Oct. 16, 2018 /CNW/ - The following issues have been halted by IIROC:
Company: Namaste Technologies Inc.(NXTTF)
TSX-Venture Symbol: N
Reason: Single-Stock Circuit Breaker
Halt Time (ET): 9:52:36.905
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
Great day we're having! Sitting at $2.05, up almost 16% since open!