tenpeni
5年前
Beleave Announces Approval for Sales in Alberta
Mar. 02, 2020 5:05 PM ETNewsfileBeleave Inc. (BLEVF)
Newsfile Corp
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Beleave Inc. (BLEVF) (CSE: BE) (OTC: BLEVF) ("Beleave" or the "Company"), a licensed producer of cannabis and cannabis-derived products, announces that it is now approved for sales in the province of Alberta.
The province, with over 400 licensed stores, has more retail locations than all other provinces combined and reported CAD $255 million in legal cannabis retail store sales in 2019 (as reported by StatsCan), making it the second largest in provincial retail cannabis sales.
"We're very excited for the opportunity to be distributing our cannabis and cannabis-derived products in Alberta," said Kevin Keagan, Beleave CEO. "The province's cannabis market, and extensive network of licensed retail outlets, presents an enormous opportunity for Beleave as we expand our footprint across Canada."
The Company looks forward to updating the market further as first orders and shipments are expected in the coming weeks.
Subscription Agreement Announcement Correction
The Company wishes to correct an error in its press release issued February 26, 2020. The correct number of common shares issued in connection with the Company's financing coordinated through Shaxon Enterprises is 9,342,561, rather than 1,500,000. The Company raised gross proceeds of CAD $270,000. This correction does not change any other amounts or information reported in the February 26, 2020 press release.
About Beleave Inc.
Beleave is an ISO certified, Canadian cannabis company headquartered in the Greater Toronto Area that cultivates high-quality cannabis flower, oil and extracts for medical and recreational markets. Beleave is fully licenced to cultivate and sell medical and recreational cannabis and is leading the way through research partnerships with universities to develop pharma-grade extracts and derivatives.
Beleave is developing new product lines, including cannabis-infused products, oils, vape pens, and other novel cannabis delivery methods for 2020. Beleave has developed a network of medical cannabis clinics in Ontario and Quebec under the Medi-Green banner.
Investor Relations Contact:
Kevin Keagan
Chief Executive Officer
Phone: 1 (647) 449 - 7352
Email: kkeagan@beleave.com
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). The use of any of the words "plan", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. These statements are only predictions. Although the Company believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. This information speaks only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents, which can be found under the Company's profile on www.sedar.com.
https://orders.newsfilecorp.com/files/6380/53043_845254d004946a39_logo.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53043
https://www.newsfilecorp.com/newsinfo/53043/130
BlueGreenPower
5年前
TerraFarma's management team looks like the real deal to me. The CEO is a Professional Engineer with two MBA's, and a history of success. The whole Management Team & Board of Directors are loaded with success stories from the business world.
These professionals should be able to get Beleave's expansions up and running in quick time. They built their first 10,000 sq ft indoor facility in 90 days. If they can speed the process up for Hamilton & London profits could come sooner than expected.
Beleave is the perfect take out target for for a private company going public. Beleave has the right kind of assets without a ton of debt. The 85 acre London facility with 250,000 sq ft greenhouse could be producing premium landrace cannabis before 2020 with TerraFarma's quick to build engineering expertise. The 91,000 sq ft Hamilton expansion is already on schedule for completion before 2020.
For all its missteps Beleave has secured some valuable real assets with major pontential in the right hands. Looks like we will know if TerraFarma is those hands in 30 days. Beleave shouldn't give the farm away, but don't expect the world either. Just get the deal done, and keep moving forawrd. imho glta
https://www.thrivecannabis.ca/management/
BlueGreenPower
5年前
Beleave Announces Non-Binding LOI with TerraFarma Inc
https://finance.yahoo.com/news/beleave-announces-non-binding-loi-194700717.html
ABOUT TERRAFARMA INC.
TerraFarma is a privately-held, vertically-integrated cultivator and processor of premium and ultra-premium cannabis and cannabis offshoots, founded in 2018, with production facilities in Jarvis, Ontario. TerraFarma's wholly-owned subsidiary Thrive Cannabis holds production, sales and outdoor cultivation licenses from Health Canada. Thrive Cannabis is currently developing premium brands for the Canadian recreational market that will commence distribution in 2020 and beyond.
https://www.thrivecannabis.ca/
BlueGreenPower
5年前
If there's any house cleaning left to be done, now would be a good time to do it. The new independent directors were put in place to make the hard decisions necessary to restore investor confidence in Beleave after the last trading halt. Hopefully the current halt is the independent directors taking control of the company, and getting Beleave back on the right track financially, and personnel wise.
On a more positive note Beleave products are still in stock online at The Ontario Cannabis Store, BC Cannabis Stores, and Wiid Boutique in Saskatchewan. Currents strains available are Ultra Sour, Pink Kush, San Fernando Valley, Cold Creek Kush, and Shishkaberry.
As long as this trading halt doesn't hamper production or expansion I can grudgingly accept it. Any further missteps and I'm out.
Always imho glta
BlueGreenPower
5年前
Hoping to get some bargain shares tomorrow to average down. The CEO has already stated that Beleave's current cultivation footprint produces approximately $5,000,000 in annual revenues in his recent interview. The company anticipates $50,000,000 annually when the current expansion is fully operational. Late filing is pretty common on the OTC, more interested in supply agreements, and new strains of dried flower & concentrate products. imho glta
BlueGreenPower
5年前
Beleave currently producing 900,000 grams annually using only 2000 sq ft of cultivation space, according to the CEO interview on Midas Letter. Double the industry average for cannabis production.
Beleave's Master Grower must be a cannabis whisperer. If they can get the same yield from the new 57,000 sq ft of cultivation expansion underway they would be producing 25,650,000 million grams annually. Wow!!! Like :) imho glta
Beleave Receives Green Light for Building Permit as Hamilton Phase 2 Expansion Moves Forward
https://finance.yahoo.com/news/beleave-receives-green-light-building-171600285.html
BlueGreenPower
5年前
News-Canadian cannabis LPs line up to swipe CannTrust's medical patients while sales are offline
https://business.financialpost.com/investing/canadian-cannabis-lps-line-up-to-swipe-canntrusts-medical-patients-while-sales-are-offline
Perfect timing for Beleave to release its new THC Oil to capture CannTrust's THC Oil users, in addition to their dried flower users. Beleave is also in the same area as CannTrust with its Medi-Green clinics in Ontario. CannTrust's 70,000 patients have to switch LP's quickly, and Beleave is well positioned with clinics in Perth, Kingston, & London, Ontario. imho glta
https://medi-green.ca/
BlueGreenPower
5年前
You're welcome. I like that Beleave's new oil is strain specific. Named after the strain it represents. Lots of oils are a mishmash of different strains named things like relax, energy, sleep, etc. If a customer likes Pink Kush flower, now they can buy that strain in oil as well. Built in demand for popular strains. Looking forward to more strain specific oils from Beleave. Blue Dream?
Also like the fast pace of the new greenhouse going up. Contractor doing a great job. Waited a year for another company to finish a bricks and mortar 35,000 sq ft grow facility. Beleave will more than double that in 4 months. Modular construction is the way to go. imho glta