AgraFlora Organics Enters 2020 with Fully Automated Industrial Scale Edibles Facility, 2.2m Sq. Ft. Production Facility, Worldwide Distribution and Brands

VANCOUVER, British Columbia, Jan. 07, 2020 (GLOBE NEWSWIRE) -- AgraFlora Organics International Inc. (a??AgraFloraa?? or the a??Companya??) (CSE:A AGRA) (Frankfurt: PU31) (OTCPK: AGFAF), a growth oriented and diversified international cannabis company, is pleased to provide the following corporate review of the calendar year 2019.
2019 Year In Review2019 was a transformative year for AgraFlora, bookended by accretive acquisitions and commercial arrangements for the Company, including the increase of AgraFloraa??s equity stake to 70 per-cent in its Propagation Services Canada (a??PSCa??) joint venture. PSC houses the Companya??s 2.2 million square foot Delta Greenhouse Facility; second in size and magnitude only to the Smiths Falls facility owned by Canopy Growth Corporation, the world's largest cannabis company. The Delta Greenhouse Facility is a state-of-the-art pressurized, semi-open Venlo greenhouse, which is widely considered to be one of the most technically advanced and environmentally friendly greenhouse operations in the world.Additionally, the Company completed a watershed acquisition of a portfolio of cannabis 2.0 assets from an arms-length party, underpinned by a 51,500 square foot GMP-certified Winnipeg Edibles Manufacturing Facility (the a??Winnipeg Edibles Facilitya??). Furthermore in 2019, AgraFlora aggregated the following high-margin cannabis 2.0 and downstream assets, infrastructure and brands:

Canadian GMP-certified Bottling Facility;

Canadian organic cannabis sativa seed oil cosmetics manufacturer, Canutra Naturals Ltd.;

North American and Asia Pacific CBD performance products manufacturing and distribution agreements;

Library of patented cannabis 2.0 product formulations;

Patented, pharmaceutical grade and hermetically sealed beverage dispensing technology;

Diversified portfolio of 57 distinct, high-value cannabis product and service trademarks; and

Exclusive cannabinoid-infused beverage brewing agreement with a prominent Canadian brewing collective.

AgraFloraa??s upstream and downstream operating portfolio affords the Company unmatched cannabis 2.0 optionality as the industry continues to mature.
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