GrowForce Acquires WILL Cannabis in Brampton, Ontario
April 25th, 2018
GrowForce, a newly-launched Canadian-based cannabis platform, announced today the purchase of WILL Cannabis Group in Brampton, Ontario. WILL is an Authorized Licensed Producer of Cannabis for Medical Purposes through Health Canada, and GrowForce is planning to use this license to add additional operational facilities across the country. GrowForce also plans to expand WILL’s existing facility and increase total production capacity to over 5,000 kg per annum.
“We considered many potential partners before selecting GrowForce. We felt their business model, financial backing, team culture and deep industry experience would allow us to focus on intelligently growing our business and producing a high quality product set,” said Jerry Silva, Chief Executive Officer at WILL Cannabis Group.
Currently privately owned, GrowForce plans to build a vertically integrated cannabis platform with cultivation, processing and retail facilities across Canada and other federally legal markets worldwide. GrowForce has engaged MJardin Group under an exclusive agreement to operate its cannabis facilities in Canada. MJardin has successfully managed over 30 legal cannabis facilities across several U.S. States.
“GrowForce’s focus is on acquiring strategic assets in Canada and other federally legal markets, and we determined WILL Cannabis was an ideal candidate because we can quickly scale up their output,” said James R. Lowe, Vice Chairman of GrowForce. “We look forward to combining MJardin’s operations expertise, proprietary software, research and intellectual property with WILL’s knowledge to grow, cultivate and distribute the best quality cannabis in Canada.”
This facility is the second asset GrowForce has acquired in the Canadian market, the first being Grand River Organics in Dunville, Ontario. All of WILL’s employees will be staying on with the new ownership, with plans to add significant workforce at the facility once the expansion is complete.
“GrowForce is pursuing a number of strategic opportunities to create a diversified portfolio of cannabis assets throughout Canada and other federally legal markets, and the addition of WILL to our portfolio is a great step both in terms of the license itself and the technical expertise of the team,” said Rishi Gautam, Chairman and Chief Executive Officer of GrowForce. “We are in the process of acquiring additional facilities throughout Canada and expect to make more announcements soon.”
GrowForce will rebrand WILL Cannabis Group in the coming months to reflect the new ownership.
GrowForce is a Canadian-based cannabis platform that operates within Health Canada’s Access to Cannabis for Medical Purposes Regulations. The company owns a majority interest in flagship cannabis facilities operated through Health Canada’s ACMPR, with strategic partnerships for turnkey operations, proprietary software and training, and project financing. GrowForce’s flagship facilities are intended to be operated by MJardin Group, North America’s largest turnkey operator of legal cannabis facilities, and financed by Bridging Finance Inc., Canada’s leading provider of private credit. For more information, please visit https://www.growforce.ca.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
Follow Us on Social Media
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.