AgraFlora’s Delta Greenhouse Commences Cultivation

VANCOUVER, British Columbia, June 15, 2020 (GLOBE NEWSWIRE) -- AgraFlora Organics International Inc.  (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce that Propagation Services Canada Inc., the Company’s flagship cultivation asset located in Delta, British Columbia (the “Delta Facility” or “PSC”) has commenced commercial cannabis cultivation. PSC has commenced cultivation using a curated portfolio of live-plant genetics (the “Elite Genetics”) with a focus on producing high potency cannabis with attractive strains, while maintaining a low cost. Management anticipates the combination of high potency and low cost will result in a product that is attractive to consumers in the retail and wholesale markets.

“A successful cultivator is one that can create a superlative value and quality product for consumers, at a profitable and healthy margin for shareholders. Our partners at PSC have a long history of low-cost agricultural production which we expect to translate into our ability to produce low-cost cannabis at the Delta Facility," stated Brandon Boddy, AgraFlora Executive Chairman and Chief Executive Officer. “We have witnessed a trend in the market towards higher potency genetics with exotic strains on one hand, and a move towards value pricing on the other; but we have yet to see companies successfully do both. The design elements of the Delta Facility and the experience of the on-site management team, combined with the Elite Genetics makes PSC uniquely positioned to produce a compelling value proposition for customers: high potency cannabis with desirable strains at a competitive price.” 

Management expects PSC to commence sales during 2020.  The first phase of operations at the Delta Facility utilizes 422,828 sq. ft. of cultivation space with state-of-the-art semi-pressurized, semi-open Venlo greenhouses. The Delta Facility is located in a desirable agricultural micro-climate on the Pacific coast which will contribute to increased quality and reduces the cost of cooling the Delta Facility.  Management expects these attributes, along with the Elite Genetics, to produce a compelling value proposition for customers by providing high potency cannabis at a fair price.