Premium cannabis company VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) this
morning announced that it has made a $1.25 million strategic investment in
Friendly Stranger Holdings Corp., a longstanding retail champion of cannabis
culture. Per the update, the investment is intended to facilitate Friendly
Stranger’s aggressive cannabis retail expansion plans, including its goal of
bringing multiple retail stores to the Canadian market. “VIVO is focused on
expanding capacity and increasing production capability to help meet the growing
demand for cannabis among recreational users,” Barry Fishman, CEO of VIVO,
stated in the news release. “Friendly Stranger has been an iconic brand in the
Canadian cannabis sector for more than 25 years and we believe trusted
retailers are integral to showcasing our premium family of brands, including
Canna Farms, Fireside, and Lumina. We have actively sought
strategic partnerships with retailers to establish strong relationships with
existing and future leaders in the cannabis industry. We look forward to working
with Friendly Stranger to advance their premium adult-use cannabis retail
strategy in Ontario and throughout Canada.”
To view the full press release, visit http://ibn.fm/tVEqo
About VIVO Cannabis
VIVO, based in Napanee, Ontario, is recognized for
trusted, premium cannabis products and services. It holds production and sales
licenses from Health Canada and operates world-class indoor cultivation
facilities with proprietary plant-growing technology at its Canna Farms
facility in Hope, B.C., and at its Vanluven facility in Napanee, Ontario. VIVO
has a collection of premium brands targeting unique customer segments,
including Beacon Medical, Fireside, Canna Farms and Lumina. The Company is
significantly expanding its production capacity and distribution channels;
growing its domestic medical cannabis platform, including Harvest Medicine, its
patient-centric, highly scalable network of specialty medical cannabis clinics
and services; promoting production and cultivation innovation and pursuing
partnership and product development opportunities; and actively focusing on
growth in select international markets, including Germany and Australia. VIVO
has a healthy balance sheet and is well-positioned to accelerate its growth in
Canada and internationally. For more information, visit the company’s website
at www.VIVOCannabis.com
NOTE TO INVESTORS: The latest news and updates
relating to VVCIF are available in the company’s newsroom at http://ibn.fm/VVCIF
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