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Alliance Growers Corp.
CSE:ACG) (FSE:1LA) (WKN:A2DFYX)
Back in 2016, Alliance Grower’s made a strategic investment in Canna Companion is via its parent, Pharmagreen. The arrangement called for Alliance Growers to invest CAD$300,000 in return for an exclusive long-term CBD oil supply contract, which according to CEO Dennis Petke, provides two benefits: “First is the investment opportunity. Canna has already shown tremendous success in the lucrative cannabis pet product market and is poised for spectacular growth. The second is the Agreement giving Alliance Growers the exclusive CBD oil supply contract from Canna in Canada.” In 2016, Canna Companion had sales of over $1 million (Canadian Dollars).
Very recently, on February 7, 2018, it furthered its relationship and partnership with Pharmagreen by investing $3-million for a 30-per-cent interest in the cannabis botany centre in Mission, B.C. Pharmagreen on behalf of a yet to be named BC company has commenced multiple applications for Health Canada licences with its consulting group Cannabis Compliance Inc., reinforcing its commitment to Pharmagreen and its Canna Companion product successes, among other positive synergies with acquisitions of 100% interest in two ACMPR applicants, Biocannatech and Canwe.