VANCOUVER, British Columbia, March 21, 2023 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) ("New Leaf," "NLV" or the "Company"), a management and investment organization dedicated to evaluating, investing, and accelerating advanced stage operations in the North American Cannabis sector, is pleased to announce that, it's wholly-owned subsidiary High Profile Holdings Cannabis Corp. ("High Profile" or "Supplier") has executed a genetics transfer and buyback agreement with CannaPharmaRX Inc. ("Canna" or "Cultivator").
High Profile holds some of the most highly sought after and exclusive strains in Canada. These strains are proven to produce 15-30% THC and 3.5% terpenes consistently. This agreement will allow a transfer of genetics from High Profile's extensive library for cultivation in Canna's facility located in Cremona, Alberta. Further to the agreement, High Profile will have the ability to buy-back material that meet certain standards or for a royalty, allowing Canna to sell both domestically and internationally.
Canna has use-rights of former Aurora Cannabis's 55,000 square foot GMP capable facility. Canna took over operations over a year ago with the goal of revitalizing the facility back to its pharmaceutical grade standards. The expert operations team behind Canna have signed on to bring this goal to fruition.
Canna is focused on the acquisition and development of state-of-the-art cannabis cultivation facilities in North America. Their business strategy is to become a leader in high quality and low-cost production of cannabis through the development, acquisition, and enhancement of existing facilities. To achieve this goal, Canna is committed to utilizing the latest technology in combined heat and power generation as well as cultivation methods.
This partnership will allow for selected strains to be brought to market through the High Profile retail brand while other selected strains will be grown by the cultivator and sold to their existing domestic and foreign customers. Any finished products containing High Profile's unique and curated strains that are sold by Canna will require a royalty paid back to High Profile on a monthly basis. This agreement also establishes a pre-determined wholesale price for products meeting the high standards that High Profile customers have come to expect.
Dean Medwid, President & COO of New Leaf states, "This is a momentous agreement for High Profile as it allows us to see our genetics come to life and control aspects of our supply chain. High Profile has enjoyed a history of cannabis connoisseurs following our products because of these rare cultivars and I look forward to get them back on the shelves. We are excited to deliver various plants and seeds to Canna's facility in the coming weeks and help establish systems and processes to ensure top quality harvests are achieved. Canna has many relationships overseas and by allowing them to sell our unique strains it opens the door for a second revenue stream for High Profile, adding value to all stakeholders."
About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)
New Leaf Ventures Inc. is developing a cannabis sector-based scalable concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company's flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, real property, intellectual property and equipment for lease, certain administrative services and other ancillary services to a Washington-based producer for the processing, packaging, and distribution of cannabis and cannabis related products. Find out more at:
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New Leaf Ventures Inc.
Investor Relations
Tel: +1 (604) 862-2793
Email: investors@newleafventuresinc.com
Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are forward-looking statements. These forward-looking statements reflect the expectations and beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
溫哥華,不列顛哥倫比亞省,2023年3月21日(環球通訊社)新葉風險投資公司。(CSE:NLV)(場外交易代碼:NLVVF)(“New Leaf”,“NLV”或“公司”)是一家致力於評估、投資和加速北美大麻行業高級階段運營的管理和投資機構,該公司高興地宣佈,其全資子公司High Profile Holdings Cannabis Corp.(“高調”或“供應商”)已與CannapharmaRx Inc.(以下簡稱“Canna”或“cultivator”)簽署了一項基因轉讓和回購協定。
高調擁有加拿大一些最受歡迎和獨一無二的品系。這些菌株被證明能夠穩定地產生15-30%的THC和3.5%的萜烯。這項協定將允許將基因從High Profile的廣泛圖書館轉移到位於艾伯塔省克雷莫納的美納設施中進行種植。根據協定,High Profile將有能力回購符合某些標準或支付特許權使用費的材料,使美納能夠在國內和國際上銷售。
Canna擁有前Aurora Cannabis的55,000平方米英尺GMP設施的使用權。Canna在一年多前接管了運營,目標是重振該設施,使其恢復到製藥級標準。美人魚背後的專家運營團隊已經簽約,以實現這一目標。
Canna專注於在北美收購和發展最先進的大麻種植設施。他們的業務戰略是通過開發、收購和增強現有設施,成為高質量和低成本大麻生產的領先者。為了實現這一目標,美納致力於利用最新的熱電聯產技術和栽培方法。
這一合作夥伴關係將允許選定的菌株通過高調零售品牌推向市場,而其他選定的菌株將由栽培者種植並出售給現有的國內外客戶。任何包含高調獨特和精選品種的成品,由美納公司銷售,都需要每月向高調支付版稅。該協定還為符合高知名度客戶期望的高標準的產品設定了預先確定的批發價。
新葉公司院長梅德維德、總裁和首席運營官表示:“這是高調公司的一項重要協定,因為它讓我們看到我們的基因重現生機,並控制我們供應鏈的各個方面。由於這些稀有的品種,高調的大麻鑑賞家一直以來都在關注我們的產品,我期待著讓它們重新上架。我們很高興在未來幾周內向美納的設施運送各種植物和種子,並幫助建立系統和流程,以確保實現最高質量的收成。Canna在海外有許多關係,通過允許他們銷售我們獨特的品種,它為High Provision打開了第二個收入來源的大門,為所有利益相關者增加了價值。“
關於新葉風險投資公司(CSE:NLV)(場外交易:NLVVF)
New Leaf Ventures Inc.正在開發一種以大麻行業為基礎的可擴展的重點融資和應用管理概念,以通過有針對性的投資實現收益增長。該公司的旗艦企業是New Leaf USA及其子公司,它們向總部位於華盛頓的一家大麻生產商提供許可證、不動產、知識產權和租賃設備、某些行政服務和其他輔助服務,用於大麻和大麻相關產品的加工、包裝和分銷。有關更多資訊,請訪問:
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如需更多資訊,請聯繫:
新葉風險投資公司。
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