Home > Boards > Canadian > Cannabis > Eden Empire Inc. (CNSX:EDEN)

Eden Empire secures Cannabis Development Permit; Announces JV

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
TKane Member Profile
 
Followed By 92
Posts 14,414
Boards Moderated 9
Alias Born 01/03/14
160x600 placeholder
TKane   Friday, 04/23/21 04:22:14 PM
Re: None
Post # of 13 
Eden Empire secures Cannabis Development Permit; Announces JV (Joint Venture) in Historic Gastown, Vancouver, B.C.

https://webfiles.thecse.com/sedar_filings/00049922/2104071908476191.pdf

VANCOUVER, BC; April 5th, 2021 - EDEN™ (CSE:EDEN), is thrilled to announce that the City of
Vancouver has granted to EDEN™ a development permit for a new retail cannabis location at 348 Water
Street, located in the heart of Gastown, Vancouver. EDEN™ has also entered into a letter of intent with an
arm’s length third party to operate its Gastown location as a joint venture for proceeds of $500,000CAD.

EDEN™ intends to use these funds to expand its footprint in the State of Michigan.

EDEN™ Gastown Vancouver Dispensary

EDEN™ secures a cannabis development permit in Vancouver and brings in proceeds for further
expansion into Michigan. Can't Stop Won't Stop.

Key Takeaways

? Gastown serves as a primary shopping, dining and entertainment district in the heart of Downtown
Vancouver.
? This location sits just steps from the Historic Steam Clock and Terminal SkyTrain Station.
? Expected to use the proceeds for further expansion in the US cannabis market.

Gerry Trapasso, Director & CEO, commented, "Being located just footsteps from Terminal Station and the
historic Gastown Steam Clock makes this location a massive attraction for tourists, visitors and residents
of the area. We are extremely excited about the introduction to this area and feel our boutique style culture
provides an exciting opportunity in Gastown. Obtaining the Gastown location allows EDEN to uniquely
position itself with key retail locations within the City of Vancouver.

The gross proceeds brought in through this JV will be used to further our expansion in the US and comes
after more powerful news is released from the State of Michigan.”

For further information or should you have any questions, please feel free to email us at
investors@edenempire.com.

Gerry Trapasso, CEO

About Eden Empire

EDEN™ is in the business of investments and operations in the cannabis sector and engaging in retail cannabis sales.
EDEN™ intends to expand its retail operations in Canada and to expand its business to cannabis cultivation, extraction
and processing and become a fully integrated cannabis product company in the United States.

EDEN™ has an award winning and established nationwide brand, including a substantial intellectual property
portfolio, and a dedicated management team with extensive cannabis industry experience. Upon completion of
EDEN’s currently intended acquisitions, and approval to operate its retail locations, the Company is expected to have
a significant retail cannabis footprint in Canada and Michigan. Retail cannabis operations are an emerging sector with
significant cash flow potential.



Nothing I say, post, or do should ever be considered financial advice. It is just my personal opinion. I may be holding a long, short or no position. I am NOT or NEVER have been compensated to post on here and my posts are for entertainment purposes only.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences