AgriCann Solutions Announces Board Changes and Appointment
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2021) - AgriCann Solutions Corp. (the "Company" or "AgriCann"), a rapidly expanding full-service premium Cannabis nursery and craft industry supplier and retailer, is pleased to announce the appointment of Timothy Tombe as Chief Operating Officer and a director. Mr. Chris MacPherson has resigned his directorship and the Company thanks Chris for his support and participation during its formative stage.
Mr. Tombe is co-founder and a former director of Valens AgriTech Ltd. and its parent company The Valens Company, a leading manufacturer of cannabis products. He founded Advantage Microbial Solutions in 2008 to provide microbiological materials to the viticulture industry, and a wide variety of organically certified material for the agriculture and hydroponic industry.
On June 25 2021, AgriCann announced entering into a binding Letter of Intent to acquire 100% of Advantage Microbial Solutions for closing consideration of $3.5 million via the issue of 7,000,000 common shares (see news release), expected to close in Q4 2021. Mr. Tombe is currently also an insider of AgriCann by virtue of his ownership of 14.83% of the issued and outstanding shares of AgriCann, which would increase to 21.45% upon conversion of the principal amount of the entire issue of CDs and exercise of associated warrants, but before the pending acquisitions are completed.
About AgriCann Solutions Corp.
AgriCann Solutions Corp. is a "Reporting Issuer" created as result of a statutory plan of arrangement completed by The Valens Company in 2015. AgriCann operates wholly owned subsidiary Craft Nurseries Canada Inc. ("CNC"), licensed under the Cannabis Act and Cannabis Regulations effective May 21, 2021 to produce and sell unique premium cannabis and hemp genetics, including clones, pre-veg and veg plants, to licensed producers and cannabis retail stores. AgriCann is currently executing an aggressive buy-and-build roll-up strategy with several share-exchange acquisitions pending completion (see our June 25 2021 news release). AgriCann currently has 13,480,758 common shares outstanding.
ON BEHALF OF AGRICANN SOLUTIONS CORP.
(signed) "Rob van Santen"
CEO & Director
For further information, please contact:
Robert van Santen, CA, CPA, CMT
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. The Company will provide further updates respecting these initiatives as developments occur. There can be no assurance that interests in any or all of these or additional projects being pursued will be acquired, funded and/or commercialized.
AgriCann Solutions Corp.
400-1771 Robson Street, Vancouver, BC, Canada V6G 1C9
Tel. +1.604.608.1999 ~ Fax. +1.778.379.9990
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96619