Abattis Completes Acquisition of Green-Gro & Natures Juice Formulas
Ryan Allway
March 13th, 2014
News, Top Story
Abattis Bioceuticals Corp. (CSE: ATT) (OTC: ATTBF), a specialty biotechnology company with capabilities through its wholly owned subsidiaries of cultivating, licensing and marketing proprietary ingredients, bio-similar compounds, patented equipment and consulting services to medicinal markets in North America, completed the acquisition of Green-Gro Garden Products Ltd.
The acquisition provides the company with a unique line of hydroponic fertilizers that address the exact nutritional requirements of many specialty crops. The N, P, K, Ca, Mg and micronutrient ratios in the fertilizers have been developed to provide growers with an exact formulation needed to maintain strong developing, vegetative and flowering fruiting stages.
Read the full press release discussing the acquisition here:
Abattis Bioceuticals Corp. (“Abattis” or the “Company”) (CSE:ATT) (ATTBF), is pleased to announce that further to its news on February 27th 2014 the company has closed on the agreement with the beneficial shareholder of Green-Gro Garden Products Ltd. (“Green-Gro”) whereby the Company, through its wholly owned subsidiary, Biocube Green Grow Systems Corp., has acquired all of the organic and hydroponic fertilizer and nutritional formulas owned by Green-Gro in consideration for 300,000 common shares of Abattis.
Green-Gro’s formulas were developed using nearly 3 decades of expertise and 5 years of experimentation. Green-Gro’s hydroponic fertilizers are unique in that they address the exact nutritional requirements of many specialty crops. The N, P, K, Ca, Mg and micronutrient ratios in the fertilizers have been developed to provide growers with an exact formulation needed to maintain strong developing, vegetative and flowering fruiting stages. The theory behind the design of these fertilizers is that feeding proper nutrients to younger plants will lead to healthier, higher yielding crops.
The Green-Gro product formulations that will be acquired by the Company include: Green Gro, Micro Classic, Bloom Classic, Grow Plus, Micro Plus, Bloom Plus, Blossom Plus, Veg Plus, Oxy-Plus, Roots Plus, Green Nitro, Crystal Plus, Budzilla, Triple “A”, GG Plus and PH Up and PH Down. Green Gro also owns, and the Company will also be acquiring, Natures Juice(TM) products. Natures Juice(TM) is a revolutionary organic formula developed for the hydroponic industry it utilizes a unique one part formula for feeding plants during the vegetative and flowering cycles only during the flowering cycle are additives used to enhance the formation of large buds which are a line of organic fertilizers that are well-known in the growing business.
Mr. Mike Withrow, Chief Executive Officer of the Company, stated, “We are pleased to take ownership of these proven formulations. They add to the depth off the offering Biocube Green Grow Systems Corp. has.” Mr. Withrow went on to state, “We will start the production and marketing of the products in BC and Washington. This enables the company to build a customer base that will purchase other products produced by the Abattis group of companies thereby reducing marketing costs related to customer acquisition.”
A finder’s fee of 15,000 common shares of the Company will be paid.
The company also wishes to announce that it has sent its newly designed Biocube drawings to China to have its first order produced.
About Abattis Bioceuticals Corp.
Abattis is a specialty biotechnology company with capabilities through its wholly owned subsidiaries of cultivating, licensing and marketing proprietary ingredients, bio-similar compounds, patented equipment and consulting services to medicinal markets in North America. The company is positioned to capitalize on the fast growing trend toward marijuana legalization in the United States and for medicinal use in Canada and international jurisdictions by supplying and partnering with companies to employ its vertical cultivation systems, extraction equipment/technology, and strategic marketing support to licensed growers. The company also has an extensive pipeline of high-quality products and Intellectual Property for the rapidly expanding botanical drug market. We follow strict Standard Operating Protocols and adhere to the Law’s of Canada and Foreign Jurisdictions. For more information, visit the Company’s website atwww.abattis.com.
For further information, contact the Company’s CEO, Michael Withrow at (778) 896-6536 or atmike.withrow@abattis.com.
ON BEHALF OF THE BOARD
“Mike Withrow”_____________
Mike Withrow
President & CEO
For information please contact:
Mike Withrow
P: 778.896.6536
http://www.abattis.com/
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks various risk factors discussed in the Company’s Management’s Discussion and Analysis filed under the Company’s profile on http://www.sedar.com/. While the Company may elect to, it does not undertake to update this information at any particular time.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
Network Partners
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer