Alliance Growers Commences Trading under Trading Symbol ALGWF on OTCQB Venture Market Exchange
28 November 2018 - 5:46AM
InvestorsHub NewsWire
Alliance Growers Commences Trading under Trading Symbol ALGWF on
OTCQB Venture Market Exchange
Vancouver, British Columbia,
Canada -- November 27, 2018 -- InvestorsHub NewsWire
-- Alliance Growers Corp. (CSE: ACG) (FSE: 1LA) (WKN: A2DFYX)
(OTCQB: ALGWF) ("Alliance" or
"the Company") is pleased to announce that it has received approval
from the OTC Markets Group to be listed on the OTCQB Venture Market
as of November 27, 2018, under the OTCQB ticker symbol ALGWF.
Dennis Petke, CEO of Alliance
Growers, stated: "We are pleased to be listed on the OTCQB, as this
provides an opportunity to attract a broader base of US and
international investors with a transparent trading platform that
will help to maximize the Company's share value for its
shareholders. It is well known that a great number of US investors
would like to invest in publicly traded Canadian cannabis stocks,
such as Alliance Growers, but are unable to do so through their US
brokers unless the Canadian company is dual listed in the US.
Admission to the OTCQB exchange is part of our long-term strategy
to introduce the company to a wide range of institutional and
retail investors in the US. With the OTCQB dual listing Alliance is
now able to access a new investor base that is ten times that of
Canada. This times well with our current financing initiatives and
expansion of our Canadian and international opportunities in the
rapidly growing Cannabis sector."
The OTCQB is recognized as an
established public financial market and is a leading market for
international companies including resource companies in the
exploration and development stage. The OTCQB Venture Market offers
companies the opportunity to build their visibility, expand their
liquidity and diversify their shareholder base on an established,
public market without the rigid procedures common with other US
exchange listings. Their premium markets offer companies at all
stages of development the right platform to create a transparent
trading experience for their investors. The OTCQB Venture Market
quality standards provide a strong baseline for transparency, as
well as the technology and regulation to improve the information
and trading experience for investors.
Qualifying for listing on the
OTCQB is a significant stepping stone for Alliance Growers. While
Alliance Growers currently trades on the Canadian Securities
Exchange (CSE: ACG), its new secondary OTCQB listing provides
better access to institutional investors and a broader shareholder
base. The OTCQB provides solutions to better engage and inform US
investors about Alliance Growers.
About Alliance Growers
Corp.
Alliance Growers is a Diversified
Global Medical Cannabis Company driven by the Company's 'Four
Pillars' Organization Plan - Cannabis Biotech Complex, Strategic
ACMPR Investments, CBD Oil Supply and Distribution, and Research
and Technology.
Alliance Growers is working with
Pharmagreen Biotech Inc. advancing a new business partnership, to
jointly develop and operate a 62,000-square foot facility, to be
the first of its kind in Western Canada to house a DNA Botany lab,
extraction facility and Tissue Culture Plantlet Production facility
to service the Cannabis market and agriculture market in general.
The proposed Cannabis Biotech Complex's main facility is the
Cannabis Biotech Centre which will grow Cannabis plantlets using
proprietary tissue culture propagation, specifically utilizing the
"Chibafreen Invitro Plant Production System", which allows for more
tissue cultured plantlets to be produced in less space and less
time.
For further information, please
visit the Company's website at www.alliancegrowers.com or the Company's profile at
www.sedar.com.
If you would like to be added to
Alliance Growers' news distribution list, please send your email
address to newsletter@alliancegrowers.com.
For more information
contact:
Dennis Petke
CEO, President and Director
Tel: 778-331-4266
DennisPetke@alliancegrowers.com
Rob Grace
Communications Consultant
Tel: 778-998-5431
RobDGrace@gmail.com
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THE CANADIAN SECURITIES EXCHANGE
HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ACCURACY OR ADEQUACY OF THIS RELEASE
FORWARD LOOKING
INFORMATION
This news release contains
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. These statements relate
to future events or future performance. All statements other than
statements of historical fact may be forward-looking statements or
information. More particularly and without limitation, the news
release contains forward-looking statements and information
relating to Company's corporate strategy. The forward-looking
statements and information are based on certain key expectations
and assumptions made by management of the Company, including,
without limitation, the Company's ability to carry out its business
plan. Although management of the Company believes that the
expectations and assumptions on which such forward-looking
statements and information are based are reasonable, undue reliance
should not be placed on the forward-looking statements and
information since no assurance can be given that they will prove to
be correct.
Forward-looking statements and
information are provided for the purpose of providing information
about the current expectations and plans of management of the
Company relating to the future. Readers are cautioned that reliance
on such statements and information may not be appropriate for other
purposes, such as making investment decisions. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These
include, but are not limited to, the Company's ability to identify
and complete additional suitable acquisitions to further the
Company's growth as well as risks associated with the medical
marijuana industry in general, such as operational risks in
development and production delays or changes in plans with respect
to development projects or capital expenditures; the uncertainty of
the capital markets; the uncertainty of receiving the required
licenses, production, costs and expenses; health, safety and
environmental risks; marketing and transportation; loss of markets;
environmental risks; competition; incorrect assessment of the value
of the potential market; ability to access sufficient capital from
internal and external sources; failure to obtain required
regulatory and other approvals and changes in legislation,
including but not limited to tax laws and regulated regulations.
Accordingly, readers should not place undue reliance on the
forward-looking statements, timelines and information contained in
this news release. Readers are cautioned that the foregoing list of
factors is not exhaustive.
The forward-looking statements and
information contained in this news release are made as of the date
hereof and no undertaking is given to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws or the Canadian Securities Exchange. The
forward-looking statements or information contained in this news
release are expressly qualified by this cautionary
statement.
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