NAMASTE TECHNOLOGIES 100 MILLION DEAL with AgraFlora Organics International Inc. (AGRA)(PUFXF)
Channel: RICH TV LIVE
Date: 13/12/2018

NAMASTE TECHNOLOGIES 100 MILLION DEAL with AgraFlora Organics International Inc. (AGRA)(PUFXF) - RICH TV LIVE - December 13, 2018 -  AgraFlora Organics International Inc. (formerly PUF Ventures Inc.) ("AgraFlora Organics" or the "Company") (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth oriented and diversified international cannabis company, is pleased to announce it has signed an agreement (the "Agreement") with Namaste Technologies Inc.'s ("Namaste") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) wholly-owned subsidiary, Cannmart Inc. ("Cannmart"), where Cannmart may purchase medical cannabis products from AgraFlora's Propagation Services Canada (PSC) greenhouse operations in Delta, BC, subject to approval of its cultivation and sales licenses by Health Canada.

AgraFlora Organics International Inc. (CNW Group/AgraFlora Organics International Inc.)

In October 2018, AgraFlora's majority-owned subsidiary, AAA Heidelberg, received a license to produce under Health Canada's Access to Cannabis for Medical Purposes Regulations for its facility in London, ON.

"We are pleased to announce the supply Agreement with AgraFlora," said Sean Dollinger, President and CEO of Namaste. "We anticipate that they will provide a high-quality product for us to offer to our patients through Cannmart.  Their partnership with Houwelings Nurseries, which has 30 plus years of agriculture experience with their greenhouses in Delta, BC and the USA, gives us confidence we will have consistent and safe supply of medicine for our patients. We will continue to develop our supply chain to ensure adequate supply for Cannmart."

"I am very pleased to be partnering with one of the leading cannabis companies in Canada and commit to supply Namaste's patients with the highest quality cannabis flower possible," said Derek Ivany, President and CEO, AgraFlora Organics International Inc. "Namaste is a company with strong social corporate ethics and it is important that AgraFlora plays its part to support the needs of medical patients across Canada. We have committed up to 10% of our projected full annual capacity of 250,000,000 grams of high quality cannabis and look forward to a long and mutually beneficial partnership with Namaste."

Subject to the terms of the Agreement, Cannmart reserves the right of first refusal to purchase up to 10% of the total annual production from AgraFlora's large-scale Delta Greenhouse Complex, representing 25,000,000 grams, at a price of $4 per gram, or up to $100,000,000 per year. 

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