More press releases» Press Release Alliance Growers & BRIM Sign Definitive Agreement for MJ Botany Centre To Produce 3M Cannabis Plantlets / Year for Potential $12M Revenues

Alliance Growers Corp. (ACG.C) announced the Company principal terms of the agreements with Botanical Research In Motion International Inc. ("B.R.I.M.") for: (i) an exclusive license to use B.R.I.M.'s proprietary technology for large commercial scale micro propagation of cannabis plantlets, and (ii) a consulting agreement to provide B.R.I.M.'s expertise. These agreements were ratified by the Board of Directors of the Company on January 22, 2017.



As disclosed in news releases on October 26, 2016 and November 7, 2016, Alliance Growers had entered into a Memorandum of Understanding ("MOU") with B.R.I.M. whereby B.R.I.M. would grant a license that will allow Alliance Growers to jointly develop and operate multiple cannabis focused Botany Centres in Canada. Alliance Growers and B.R.I.M. have executed a definitive Exclusive License Agreement and corresponding Consulting Services Agreement whereby B.R.I.M. has granted Alliance Growers an Exclusive License to develop Cannabis Botany Centres in Canada.



B.R.I.M. projects the development of the Cannabis Botany Centre will add value to Alliance Growers by providing the following:



Generate revenue from the extraction, processing and resale of cannabidiol (CBD) oil in Canada, USA and Provide cold storage facilities utilizing the one-of-a-kind Cryotissue Cold Storage technology for tissue culture preservation and regeneration as needed on a long term basis. Provide extraction services as retail services for cultivators and create custom profiles for extraction of botanical oils for the retail market.



Commenting on the Definitive Agreement, Dennis Petke, Alliance Growers President and CEO, said, "We are very pleased to have executed these agreements so that we can now purchase the property upon which we will build the Cannabis Botany Centre. As part of Alliance's business model, we have begun negotiating with growers at various stages in the license process to purchase interests in their operations in exchange for long term supply plantlet supply contracts and offtake agreements, even before the Centre is built. This guarantees immediate sales which will continue well into the future. In addition to the services offered by the Cannabis Botany Centre, BRIM and Alliance have identified significant additional revenue streams in the Medical and Cannabis space that we are very excited to begin implementing after we complete this current round of funding."





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Source: Alliance Growers Jan. 23, 2017 / PRZen / VANCOUVER, British Columbia --) announced the Company principal terms of the agreements with("B.R.I.M.") for: (i) an exclusive license to use B.R.I.M.'s proprietary technology for large commercial scale micro propagation of cannabis plantlets, and (ii) a consulting agreement to provide B.R.I.M.'s expertise. These agreements were ratified by the Board of Directors of the Company on January 22, 2017.As disclosed in news releases on October 26, 2016 and November 7, 2016, Alliance Growers had entered into a Memorandum of Understanding ("MOU") with B.R.I.M. whereby B.R.I.M. would grant a license that will allow Alliance Growers to jointly develop and operate multiple cannabis focused Botany Centres in Canada. Alliance Growers and B.R.I.M. have executed a definitive Exclusive License Agreement and corresponding Consulting Services Agreement whereby B.R.I.M. has granted Alliance Growers an Exclusive License to develop Cannabis Botany Centres in Canada.B.R.I.M. projects the development of the Cannabis Botany Centre will add value to Alliance Growers by providing the following:Generate revenue from the extraction, processing and resale of cannabidiol (CBD) oil in Canada, USA and Provide cold storage facilities utilizing the one-of-a-kind Cryotissue Cold Storage technology for tissue culture preservation and regeneration as needed on a long term basis. Provide extraction services as retail services for cultivators and create custom profiles for extraction of botanical oils for the retail market.Commenting on the Definitive Agreement, Dennis Petke, Alliance Growers President and CEO, said, "We are very pleased to have executed these agreements so that we can now purchase the property upon which we will build the Cannabis Botany Centre. As part of Alliance's business model, we have begun negotiating with growers at various stages in the license process to purchase interests in their operations in exchange for long term supply plantlet supply contracts and offtake agreements, even before the Centre is built. This guarantees immediate sales which will continue well into the future. In addition to the services offered by the Cannabis Botany Centre, BRIM and Alliance have identified significant additional revenue streams in the Medical and Cannabis space that we are very excited to begin implementing after we complete this current round of funding."Follow the full story here: https://przen.com/pr/32042984 Source: Alliance Growers