Canadian CANNAINVESTOR Magazine July / August 2019 | Page 57

Dennis, you for taking time of out of your busy schedule to discuss Alliance Growers Corp – I cannot believe it was over a year since last we spoke … time flies in this industry.

Yes, now that you say that, the year did fly by and since then the Cannabis space has experienced the most volatility in its short history.

It was March of 2017 when I wrote about ACG and highlighted the in-progress acquisition of a 30% equity interest in the Cannabis Biotech Complex, which is held in a private BC company, which is a subsidiary of WFS Pharmagreen Inc. (ACG’s share price was around $0.15). It was April 2018 when we featured Alliance and when we had our last discussion. How has that acquisition brought value to Alliance and by extension to its shareholders?

At the time of this interview, Alliance purchased 10% of the common shares of the BC subsidiary based on the original expected construction costs of CAD$15 million. The actual construction may come out to CAD$25M or more, it’s too early to tell.

Cheers. Now, ironically, just last month I wrote on how cannabis in time may become a crop (true commodity) … and how equatorial geographies may have the upper hand. And here you are …. Just days ago, Alliance announcing you intend to acquire 10 acres of prime land in East Africa. What can you tell us about this and how the land would be used?

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