ALLIANCE MJ GROWERS LISTS ON THE FRANKFURT EXCHANGE
ALLIANCE GROWERS TRADING ON THE FRANKFURT EXCHANGE UNDER SYMBOL 1LA
Alliance Growers Corp. (ACG.V) has listed its common shares for trading on the Frankfurt Stock Exchange under the symbol 1LA (WKN: A2DFYX, ISIN: CA01861C1095).
The Frankfurt Stock Exchange is the world's 10th-largest stock exchange by market capitalization and largest of Germany's seven stock exchanges. The company anticipates the Frankfurt listing will increase trading liquidity and facilitate investment in the company by investors across Europe. This increased exposure to worldwide markets enables Europeans to trade the company's common shares in euros.
Commenting on the agreement, Dennis Petke, Alliance Grower's president and chief executive officer, stated: "As our company continues to grow, we realize that reaching a larger global audience is an important component to our future success. Alliance is entertaining requests by various firms in Europe who want to tell our story." Mr. Petke continued: "This listing is a direct response to the interest generated over the past few months from European financiers and investors towards the company and its four pillars business organization. Being listed on Frankfurt will now aid in the maturation of those relationships, and assist in our capital raising and expanding our shareholder base."
As previously announced in news releases on Oct. 26, 2016, and Nov. 7, 2016, Alliance Growers has entered into a memorandum of understanding (MOU) with Botanical Research In Motion Inc. whereby BRIM will grant a licence that will allow Alliance Growers to jointly develop and operate multiple cannabis-focused botany centres in Canada, and will include the following:BRIM's proprietary Chibafreen in vitro plant production system: Utilizing its proprietary state-of-art clean tissue culture lab room designed to produce over one million tissue culture plantlets per year, the design is scalable and designed for all flora to serve the entire agriculture industry; BRIM's proprietary cryotissue cold storage: Utilizing the one-of-a-kind cryotissue cold storage technology for tissue culture preservation and regeneration as needed on long-term basis; Extraction lab: Provide custom profiles for extraction for botanicals oils for retail market; Provide extraction services as retail services to cultivators; Botanical DNA services laboratory: Certifying plant tissue as the genetic level; Additional DNA mapping services; BRIM's proprietary research for cannabis for large commercial-scale micro propagation production when permitted.
The MOU will be superseded by a definitive agreement, which is now in its final stages of preparation, which both parties anticipate will be completed on or before the agreed extension date of Dec. 15, 2016.
To finance the development of the initial cannabis-focused botany centre, the company has engaged DGWA, the German Institute for Asset and Equity Allocation and Valuation, known and respected as one of the leading German corporate boutiques for global small- and mid-cap consulting and investments. As reported on Aug. 18, 2016, Alliance had applied for a listing on the Frankfurt Stock Exchange, which has now been accepted, as the beginning of a European partnership with DGWA.
About Alliance Growers
Alliance Growers is a diversified cannabis company driven by the company's four pillars organization plan: MMPR (marijuana for medical purposes regulations) cannabis production facilities, distribution network, consumer products, and research and development.
Alliance Growers is finalizing an agreement with Botanical Research In Motion International for a Canadian exclusive licence to jointly develop and operate a 40,000-square-foot facility to be the first of its kind in Western Canada to house a DNA botany lab, extraction facility and tissue culture plantlet production facility to service the cannabis market and agriculture market in general.
Further, Alliance Growers has announced an agreement to a strategic investment arrangement with PharmaGreen and Canna Companion with off-take rights and agreements with both entities. As well, Alliance Growers has been negotiating to obtain other exclusive Canadian distribution agreements for certain proprietary products for support of the cannabis growing industry, in addition to possible partnerships with existing MMPR-licensed and soon-to-be-licensed facilities.