AgraFlora Organics Congratulates Empower Clinics Inc. on Closing the Acquisition of Sun Valley Clinics
Vancouver, British Columbia / May 2, 2019 – AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, would like to congratulate Steve McAuley, Empower’s Chairman & CEO, and the rest of the team at Empower Clinics on completing the acquisition of Sun Valley Certification Clinics Holding LLC. Sun Valley operates a network of professional medical cannabis and pain management practices, with five clinics in Arizona, one clinic in Las Vegas, a tele-medicine platform serving California, and a fully developed franchise business model for the domestic cannabis industry. It is one of the most reputable and organized clinic networks in Arizona, with a growing patient list of more than 45,000 unique patients and a dynamic dedicated team consisting of 52 staff, including 30 physicians. The transaction is expected to create one of the largest clinic groups in the medical cannabis sector in the United States, which, together with Empower’s existing medical cannabis clinics, will expand Empower’s multistate operations, having a combined patient count of 165,000 patients in Washington, Oregon, Illinois, Arizona, Nevada and California, and the potential to rapidly expand the clinic network via the Sun Valley franchise program.
“The acquisition of the Sun Valley clinic group has fundamentally changed the direction and growth prospects for Empower,” said Steven McAuley, Empower’s Chairman & CEO. “We have repositioned Empower as a vertically integrated global health and wellness company, helping consumers access products and specialized medical care for serious qualifying conditions. Having the Sun Valley leadership team join Empower to rapidly expand Empower’s clinic and distribution network across the United States is a major step toward our ambitious objectives.”
“Congratulations to Steve and the team at Empower Clinics on a job well done on the acquisition of this special company and its growing network of clinics,” said Derek Ivany, President & CEO of AgraFlora Organics International Inc. “As a strategic investor in a recent financing by Empower Clinics, we support their efforts and look forward to building a powerful strategic partnership to gain a growing share of the rapidly expanding medical cannabis product and services market.”
AgraFlora’s Group of International Industry Experts
The acquisition of Sun Valley by Empower Clinics adds to the AgraFlora Group of Industry Experts and gives AgraFlora potential access to a growing patient base across the United States.
ICC International Cannabis Corp. operates a world-class platform for cultivation, extraction, formulation and distribution across Europe, Latin America, Africa and Australia. In a recent strategic move, AgraFlora transferred its portfolio of exotic, native Colombian cannabis genetics to ICC for international marketing and distribution.
Dixie Brands Inc. and AgraFlora are exploring a joint venture relationship related to the manufacture, sale and distribution of cannabis infused products within legalized markets in the European Union. The two companies identified synergies that exist across product portfolios and distribution networks.
About Empower Clinics
Empower is a leading multi-state operator of a network of physician-staffed clinics focused on helping patients improve and protect their health through innovative physician recommended treatment options. It is expected that Empower’s proprietary product line “Sollievo” will offer patients a variety of delivery methods of doctor recommended cannabidiol (CBD) based products in its clinics, online and at major retailers. With over 165,000 patients, an expanding clinic footprint, a focus on new technologies, including tele-medicine, and an expanded product development strategy, Empower is undertaking new growth initiatives to be positioned as a vertically integrated, diverse, market-leading service provider for complex patient requirements in 2019 and beyond.
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
President & CEO
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Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for AgraFlora Organics described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.