HALIFAX, Nova Scotia, March 08, 2019 (GLOBE NEWSWIRE) — Biome Grow Inc. (“Biome” or the “Company”) (CSE: BIO) (Frankfurt: 6OTA) (OTCQB: BIOIF) – After an overwhelming demand for its products in its home province, Biome Grow’s Nova Scotia based brand, Highland Grow, will be dramatically increasing its operations. This is further validation of Biome’s localized approach to building a locally owned and operated brand that offers high quality products specifically created for the local consumer.
As part of this expansion, Highland Grow will immediately be adding twenty-five new jobs. An integral part of this plan is our newly announced Memorandum of Understanding (“MOU”) with the Mi’kmaw Native Friendship Centre to develop an innovative job training, skills and employment opportunities program for urban indigenous people in the region.
Within two weeks of signing this MOU, Biome sent the Mi’kmaw Native Friendship Centre a request to immediately assist Biome in filling five new positions to join our Highland Grow’s rapidly growing facility. These first five jobs will be in supply chain logistics, packaging, quality control, and cultivation.
“This partnership offers Biome a unique opportunity to demonstrate its social responsibility as a trusted corporate citizen, and truly be part of the community we operate in – to always be locally owned, locally operated and our products to be locally grown,” said Khurram Malik, CEO, Biome Grow. “These are stable, long term careers for local people to work in one of the fastest growing and most innovative industries in the world. We wanted to work with The Mi’kmaw Native Friendship Centre from the very beginning to ensure that these opportunities were made available to everyone, specifically to local indigenous communities.”
The three-year partnership will see the Mi’kmaw Native Friendship Centre and Biome Grow collaborate on Indigenous focused training programs and employment support projects in the cannabis sector. Job skills in the sector include medical handling and packaging proficiencies, product compliance and cultivation, quality control and analysis, shipping, classification and inventory control systems.
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Biome wholly owns five subsidiaries, including: The Back Home Medical Cannabis Corporation, a company incorporated under the laws of the Province of Newfoundland and Labrador and in the late stages of applying for a license under the Cannabis Act; Great Lakes Cannabis, a company incorporated under the laws of the Province of Ontario and in the late stages of applying for a license under the ACMPR; Highland Grow Inc., a licensed producer in Nova Scotia under Canada’s Cannabis Act; Red Sands Craft Cannabis Co., a company incorporated under the laws of the Province of Prince Edward Island, and; Weed Virtual Retail Inc., a company incorporated under the laws of the Province of Ontario in the business of operating a new virtual reality technology platform focused exclusively on the medical and recreational cannabis markets. Biome is a Canadian-based company with national and international business interests.
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. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as “plans”, “ expects” or “does not expect”, “proposed”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward‐looking statements and information concerning: Highland Grow’s operations, products and sales. Such forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to Biome, including, among other things, assumptions and expectations with respect to: the Cannabis Act and its regulations continuing to exist and operate as expected; the continued existence and validity of the license granted to Highland Grow; changes in cannabis research or the general public’s perception of cannabis; and the ability to operate the business as expected.
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements speak only as of the date on which they are made, and Biome, or any of its subsidiaries undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/21990c78-7e5e-4a51-9f24-733158bebaa0