LiveWell Signs Agreement To Acquire Sole Produce
July 1, 2016
OTTAWA, ONTARIO – LIVEWELL FOODS CANADA Inc. (“LW”, “LiveWell Foods” or the “Company”) has signed an agreement to acquire 100% of Sole Produce. Established in 1993, just 10 minutes from downtown Ottawa, Sole Produce has a long family history of growing quality produce. Sole sits on 100 acres of prime agricultural land with 540,000 square feet of Dutch engineered greenhouses and 200,000 square feet of hot houses.
Seann Poli, Co-CEO commented, “This acquisition will become a cornerstone asset which establishes a platform for growth.” The key principals of Sole Produce will remain as a part of LW post acquisition.
LiveWell Foods Canada Inc. (Ottawa, Canada) is dedicated to the highest quality standards in delivering cannabis and hemp products. LiveWell is planning to retrofit an existing 540,000 square foot greenhouse facility in Ottawa, Ontario. The facility will be built to an unparalleled level of quality assurance, procedures, and testing. The company intends to establish partnerships with leading sector names, with interests and operations abroad.
On behalf of the Board of Directors,
LIVEWELL FOODS CANADA INC.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “plan”, “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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