Experion Signs Supply Agreement With British Columbia Liquor Distribution Branch
February 14, 2019: Experion Biotechnologies, a licensed cultivation and processor under the Cannabis Act and a wholly owned subsidiary of Viridium Pacific Group Ltd. (“Viridium” or the “Company”) (TSXV: VIR) (OTCPink: VIRFF) is pleased to announce it signed a supply agreement with the British Columbia Liquor Distribution Branch (“BCLDB”). Experion will supply a variety of Adult-Use cannabis products throughout British Columbia through the BCLDB under the Citizen Stash brand. Experion has received its first PO from the BCLDB and is actively preparing the shipment. We will keep the market informed of product availability and future offerings with other provinces.
Jay Garnett, Viridium’s President and Chief Executive Officer commented: “We are excited to supply our home province with quality Adult-Use flower as we actively expand our distribution across Canada and develop our “added value” product lines to further complement the Adult-Use market.”
Viridium also granted 400,000 options to its director, officers and employees at $0.78 expiring on February 13, 2022 vesting immediately.
Viridium Pacific Group Ltd. is a consumer wellness, medical and biotech innovation company based in British Columbia, and the parent company of operating subsidiaries involved in horticultural production, (Experion Biotechologies Inc.), medical product production (EFX Labs) property development (Fish Trap Ventures Ltd.), and human resource management (Stave Lake Services Ltd.). Experion Biotechnologies Inc., is a Health Canada licensed producer of cannabis, which operates in an 8,300 square-foot indoor facility outside of Mission, BC.
More information about Viridium can be found under the Company’s profile on SEDAR at www.sedar.com.
This press release contains forward-looking information within the meaning of Canadian securities laws. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, forecast, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the state of the financial markets for the Company’s equity securities; recent market volatility; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategies; the risks identified in the Filing Statement, and other risks and factors that the Company is unaware of at this time. The reader is referred to the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through the Company page on SEDAR at www.sedar.com.