Biome Grow to start trading on the Canadian Securities Exchange under the sign “BIO”.
TORONTO, Oct. 09, 2018 (CSE: BIO) — Biome Grow (“Biome” or the “Company”) is delighted to announce that it will begin trading on the Canadian Securities Exchange (“CSE”) at market open today under the trading symbol “BIO”.
“Listing on the CSE represents a considerable turning point in the growth and growth of Biome as we continue to build a Canadian cannabis conglomerate,” said Khurram Malik, Interim Ceo of Biome. “Our company believe public listing will supply Biome increased exposure with prospective worldwide investors, improved liquidity, and a more diversified investor base as we continue to grow through arrangements, partnerships, and acquisitions across Canada and worldwide.”
Biome is a quickly growing marijuana company that, under the concentrated stewardship of experienced and respected leaders in the cannabis space, has gotten four subsidiaries and has roughly 390,000 sq. ft. of production capability in operation or under development, including:
Highland Grow, its Nova Scotia-based business, which is already an Accredited Producer under Canada’s Access to Marijuana for Medical Purposes Regulations (“ACMPR”) and is nearing in on sales licensing, pending federal examinations and approvals. Highland Grow sits on 19 acres of farmland near Antigonish, NS and the production center is in the process of being broadened to 100,000 sq. ft.
Back Home, its Newfoundland and Labrador-based business, is a late-stage ACMPR candidate. Its center will be broadened to 168,000 sq. ft. of production capability in 4 phases.
P-209, its center in Norwich, ON, is likewise a late phase ACMPR candidate that, pending the requisite federal inspections and approvals, is anticipated to be in a position to get licensing soon after work is completed to bring the center to 87,000 sq. ft. of production capacity.
Weed VR, an exclusive multi-platform virtual retail catalog system that will develop an extensive strain library, is a recent acquisition that will allow Biome to provide an useful and appealing purchasing experience to consumers without them ever having to get in a traditional dispensary setting.
Biome is also focused on developing strong local environments and building relationships that enhance regional neighborhoods, including the three-year partnership it has with St. Xavier University to perform a series of cannabis focused research study efforts.
“Biome is distinct through the variety of our holdings and because we are guided by some of the best leaders and experts in the marijuana market, from financing, life science technologies, regulative affairs, pharmaceuticals, organisation building and marketing,” included Malik. “We are poised to be leaders in Canada’s cannabis industry with pending legalization, while keeping our eyes squarely on the growing global market, and today’s listing on the CSE positions us to recognize even higher success.”
Biome’s CSE listing follows the current completion of the previously announced three-cornered amalgamation transaction (the “Transaction”) involving Whale Touchscreen Technologies Ltd., Grower Driver Corp. and 1151856 B.C. Ltd. Information of the Transaction are offered at www.sedar.com. The securities pointed out herein have actually not been and will not be signed up under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities law and might not be offered or offered in the United States absent registration or an applicable exemption from registration under the Securities Act and relevant state securities laws. This news release shall not constitute a deal to offer or the solicitation of an offer to sell or the solicitation of a deal to buy any securities, nor will there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful previous to registration or certification under the securities laws of any such jurisdiction.
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Biome Biome has 4 wholly-owned subsidiaries including: Highland Grow Inc., a licensed
producer in Nova Scotia under Canada’s ACMPR; The Back House Medical Marijuana Corporation, a company integrated under the laws of the Province of Newfoundland and Labrador and in the late stages of obtaining a license under the ACMPR; P-209 Inc., a business included under the laws of the Province of Ontario and in the late stages of looking for a license under the ACMPR and; Weed Virtual Retail Inc., a business incorporated under the laws of the Province of Ontario in the business of operating a brand-new virtual truth innovation platform focused exclusively on the medical and leisure marijuana markets. Biome is a Canadian-based business with nationwide and international service interests. Forward-Looking Information This news release contains forward‐looking statements and forward‐looking information within the meaning of appropriate
securities laws. These statements associate with future events or future performance. All declarations aside from statements of historical reality may be forward‐looking statements or details. Typically, forward-looking declarations and information may be identified by the use of forward-looking terms such as”plans”,”anticipates”or “does not anticipate”,”proposed”,”is expected”, “spending plans”,” set up”,”price quotes “,” forecasts”,”means”,” anticipates “or”does not anticipate”, or”thinks”, or variations of such words and phrases, or by the usage of words or expressions which state that certain actions, occasions or outcomes may, could, would, or may occur or be accomplished. More particularly and without limitation, this news release contains forward‐looking declarations and information concerning the Business’s expectation of being noted at the open of the marketplace, expectations and benefits that will be gotten with a listing including increased visibility to financiers, liquidity and diversity of shareholder base, development expectations, potential for investment and its subsidiaries organisation operations. Positive statements include declarations that are not purely historical, consisting of any declarations regarding beliefs, plans, expectations or intentions concerning the future. By their nature, positive statements involve many presumptions, understood and unidentified risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, quotes, forecasts, projections and other positive declarations will not occur. These presumptions, threats and unpredictabilities include, among other things, the state of the economy in general and capital markets in particular, anticipated costs, the capability to achieve its objectives, and other elements, a lot of which are beyond the control of the Business. Forward-looking declarations consisted of in this news release are expressly certified by this cautionary statement. Aspects that might trigger the actual results to vary materially from those in the forward-looking declarations include, failure to acquire regulatory approval, the ongoing availability of
capital and funding, and basic economic, market or organisation conditions, changes in legislation and regulations, boost in operating expenses, failure of counterparties to perform their contractual obligations, lawsuits, the loss of essential directors, staff members, advisors or specialists and charges charged by company. The forward-looking declarations contained in this news release are made since the date of this press release. Other than as required by law, the Company disclaims any intention and presumes no obligation to update or revise any positive declarations, whether as a result of new details, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or declarations made by, third parties in regard of the matters talked about above. The Exchange nor its Market Regulator(as that term is specified in the policies of the Exchange )does not accept duty for the adequacy or accuracy of this press release. TNM News Corp. is not an investment consultant, we have no access to non-public details about openly traded companies, and this is not a place for the giving or getting of financial recommendations, advice concerning investment decisions or tax or legal advice.
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