VANCOUVER, March 8, 2019 /CNW/ - AgraFlora Organics International Inc. (the "Company") (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, is pleased to announce its intension to pursue a public listing on a major international stock exchange. Management is currently analyzing the strategic advantages of a potential listing on the Nasdaq, the New York Stock Exchange or the AIM, a division of the London Stock Exchange (LSE).
"We are focused on building a leading international medical cannabis company and a listing on a major U.S. exchange or the AIM would significantly expand our global presence," said Derek Ivany, President and CEO of AgraFlora Organics. "An international listing provides access to international shareholders and capital and will increase long term shareholder value by significantly increasing market awareness, liquidity and by attracting a broader audience of investors. The Delta Greenhouse Complex conversion continues at an aggressive pace and we continue to be on schedule to have the first phase complete by the end of June."
AgraFlora has initiated due diligence on the Nasdaq, the New York Stock Exchange and the AIM, a division of the London Stock Exchange. The management team will examine all listing options and will select the stock exchange that will provide the Company with the most long-term benefits.
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a growth oriented and diversified company focused on the international cannabis industry. It owns an indoor cultivation operation in London, ON and is a joint venture partner in Propagation Service Canada and its large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The Company has a successful record of creating shareholder value and is actively pursuing other opportunities within the cannabis industry. For more information please visit: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
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Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
SOURCE AgraFlora Organics International Inc.
For further information: AgraFlora Organics International Inc., Tim McNulty, E: [email protected], T: (800) 783-6056