Organic Flower to Form Special Committee to Investigate Investments in Psychedelic Medicine, Bio-Tech and Sponsored R&D and A...
04 Juin 2020 - 2:00PM
Organic Flower Investments Group Inc. (CSE: SOW)(FWB:
2K6)(OTC: QILFF) ("Organic Flower" or
“OFIG” or the
“Company”) today
announces that it intends to form of special committee (the
“Committee”) with the objective of generating measurable return on
capital via the pursuit of investments in psychedelic medicine,
bio-technology and sponsored R&D.
The Committee will focus on sourcing and
evaluating a variety of potential investments, which may provide
the Company with exposure to the following verticals:
- Novel drug discovery;
- Pre-clinical studies and clinical trials; and
- Data aggregation and monitoring platforms for psychedelic
medicines.
The Company also announces that Joel Dumaresq
has resigned as a director of OFIG, however he will maintain his
role as Chief Executive Officer and Interim Chief Financial
Officer. Furthermore, the Company is pleased to announce that it
has appointed Joe Perino as a director of OFIG. Mr. Perino was the
Professor Coordinator of the Police Foundations Program from 2006
to 2010. Mr. Perino has 40 years of experience with the Toronto
Police Service, and possesses a proven and demonstrated
understanding of police governance. From 2001 to 2005, Mr. Perino
served as Staff Sergeant of the Community Response Unit and Primary
Response Unit and as Detective Sergeant with the Criminal
Investigation Bureau, Street Violence Task Force, Vice and Major
Crime Squads.
ABOUT ORGANIC FLOWER
INVESTMENTS
Organic Flower is an investment company, that
specializes in investing into private and public companies engaged
in a variety of industries, with a focus in the bio-medical,
pharmaceutical, and naturopathic sectors, which may include medical
or recreational cannabis. In particular, the investment mandate is
focused on high return investment opportunities, the ability to
achieve a reasonable rate of capital appreciation and to seek
liquidity in our investments.
ON BEHALF OF THE ORGANIC FLOWER INVESTMENTS GROUP INC.
BOARD OF DIRECTORS
“Joel Dumaresq”
Joel DumaresqCEO, Director+1 (604)
687-2038info@sowcannabis.ca
Learn more about Organic Flower by visiting our website
at: https://sowcannabis.ca/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking
Information:
This news release contains certain
"forward-looking information" within the meaning of applicable
Canadian securities law. Forward-looking information is frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
information that certain events or conditions "may" or "will"
occur. This information is only a prediction. Various assumptions
were used in drawing the conclusions or making the projections
contained in the forward-looking information throughout this news
release. Forward-looking information includes, but is not limited
to: political changes in Canada and internationally, future
legislative and regulatory developments involving cannabis in
Canada and internationally, AgraFlora’s ability to secure
distribution channels in international jurisdictions, competition
and other risks affecting AgraFlora in particular and the cannabis
industry generally. Without limiting the generality of the
foregoing, the forward-looking statements herein include, among
other things, AgraFlora’s ability to develop the Delta Greenhouse
Complex and the successful integration of Organic Flower’s unique
domestic downstream asset portfolio under the AgraFlora banner.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events, whether as a result of new information,
future events or results, or otherwise.
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