Premium cannabis company VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this
morning announced that it has made a $1.25 million strategic investment in
Friendly Stranger Holdings Corp., a longstanding retail champion of cannabis
culture. Per the update, the investment is intended to facilitate Friendly
Stranger’s aggressive cannabis retail expansion plans, including its goal of
bringing multiple retail stores to the Canadian market. “VIVO is focused on expanding
capacity and increasing production capability to help meet the growing demand
for cannabis among recreational users,” Barry Fishman, CEO of VIVO, stated in
the news release. “Friendly Stranger has been an iconic brand in the Canadian
cannabis sector for more than 25 years and we believe trusted retailers are
integral to showcasing our premium family of brands, including Canna Farms,
Fireside, and Lumina. We have actively sought strategic
partnerships with retailers to establish strong relationships with existing and
future leaders in the cannabis industry. We look forward to working with
Friendly Stranger to advance their premium adult-use cannabis retail strategy
in Ontario and throughout Canada.”
To view the full press release, visit http://ibn.fm/tVEqo
About VIVO Cannabis
VIVO, based in Napanee, Ontario, is recognized for
trusted, premium cannabis products and services. It holds production and sales
licenses from Health Canada and operates world-class indoor cultivation
facilities with proprietary plant-growing technology at its Canna Farms
facility in Hope, B.C., and at its Vanluven facility in Napanee, Ontario. VIVO
has a collection of premium brands targeting unique customer segments,
including Beacon Medical, Fireside, Canna Farms and Lumina. The Company is
significantly expanding its production capacity and distribution channels;
growing its domestic medical cannabis platform, including Harvest Medicine, its
patient-centric, highly scalable network of specialty medical cannabis clinics
and services; promoting production and cultivation innovation and pursuing
partnership and product development opportunities; and actively focusing on
growth in select international markets, including Germany and Australia. VIVO
has a healthy balance sheet and is well-positioned to accelerate its growth in
Canada and internationally. For more information, visit the company’s website
at www.VIVOCannabis.com
NOTE TO INVESTORS: The latest news and updates
relating to VVCIF are available in the company’s newsroom at http://ibn.fm/VVCIF
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment