The cannabis company continues to attract strong interest and support from the Nevada retail sector for cannabis flowers and concentrates from the Apex facility in Las Vegas
Kelowna, British Columbia and Las Vegas, Nevada – (Newsfile Corp. – October 20, 2021) – Fiore Cannabis (CSE: FIOR) (OTCQX: FIORF) (“Fiore” or the “Company”), a licensed multi-state cannabis breeder, The producer and retailer today announced their attendance at MJBizCon, held this week in Las Vegas, and announced a number of company updates.
Fiore has developed strong relationships with the Nevada retail market to sell the company’s organic, THC-rich cannabis products made at its Apex grow and manufacturing facility in Las Vegas.
“We’re hosting numerous groups this week for tours of our Apex facility in Las Vegas. I am excited to show investors firsthand the “tillless, living soil” organic farming method that our award-winning Fiore flower produces, and our newly launched extraction lab is presenting strategic partners and customers alike, “said Erik Anderson, President and CEO of Fiore Cannabis. “These sessions will be attended by our top Las Vegas retail partners such as Exhale, Jenny’s Dispensary and Reef Dispensaries – all of whom support the Fiore brand and help deliver our industry-leading cannabis products to Nevada consumers.”
Tyler Brennan of Exhale Brands commented, “We have had a longstanding relationship with Fiore. Their organic flower is unmatched in the local market and will be a strong contender in the upcoming Nevada Cannabis Cup 2021 competition. We’re proud to be the first. ”Pharmacy to start shipping the company’s Diamante Labs brand concentrates as the first batch of doughs and sugars was off the charts. We look forward to continuing our quality relationship with Fiore. “
Fiore participates in the High Times Cannabis Cup Nevada: People’s Choice 2021 competition with submissions in various flower categories. Fiore was a first place winner at the previous Cannabis Cup held in Nevada for its Super Glue hybrid.
The story goes on
The company’s partnership with Allied Corp. (“Allied”), which has an option to purchase a cannabis grow license for Fiore’s Apex site following US federal legalization, is progressing efficiently as the two companies attend meetings with suppliers and customers during MJBizCon. The companies have already started the groundbreaking at the Apex site to pour the underlay for Allied’s recently built modular system.
Allied has the option to purchase Fiore’s license for $ 1.5 million under an agreement signed in March 2021. Fiore will oversee cannabis strain selection and operations at the new facility after the business opens for later this year.
About Fiore cannabis
Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF) is a publicly traded company that has been investing in the development of recreational and medicinal cannabis products since 2014. The company has its activities around cultivation, production and retail offerings in. expands major North American legal systems, Nevada and California. Fiore’s brand portfolio offers a diverse range of consumer and patient experiences with brands and products geared towards recreational, medical, wellness and emerging consumer preferences. Current brands include Fiore Cannabis, Diamante Labs, Surfer and The Weekender. The company operates retail cannabis stores through its Green Leaf Wellness brand. More information is available at www.fiorecannabis.com.
For more information
Erik Anderson, President and CEO
1-877-438-5448 ext 713
eanderson@fiorecannabis.com
Involvement of the cannabis industry
The company holds marijuana licenses in Nevada and California. Marijuana is legal in every state; However, marijuana remains illegal under US federal law, and the process of enforcing US federal marijuana law may change. Shareholders and investors should be aware that federal enforcement actions could affect their investments and that the company’s ability to support the day-to-day business of the US based company and its access to private and public capital could materially affect.
Forward-looking information
This press release contains forward-looking statements or information relating to our current expectations and beliefs about future events, including regarding future financial and operational performance, the volume of extract product sales, the demand for Fiore’s extract products, the participation of the Firms in managing certain aspects of Allied in Apex’s location, increasing margins on its products, the resilience of the Nevada and California markets, the likelihood of retail sales and tourism growing when pandemic restrictions are relaxed or lifted, and the prospect on future returns for investors. Statements that are not purely historical are forward-looking statements and contain all statements about beliefs, plans, prospects, expectations or intentions regarding the future, including words or phrases such as “anticipate”, “objective”, “may”, “may” be “,” could “,” should “,” could “,” may “,” intend “,” expect “,” believe “,” estimate “,” predict “,” potentially “,” plan “,” are designed “are intended to mean “,” Project, “” next, “or similar expressions suggest future results or the negative thereof or similar variations. These forward-looking statements are based on the company’s current projections and expectations about future events and financial trends that management believes could affect its financial condition, results of operations, business strategy and financial needs, and certain assumptions and analyzes made by the company in im In light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management deems appropriate.
Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties and other factors that could cause actual events, results, performance or achievements of the company to be materially different from future events, results, performance, and achievements by forward-looking Information and statements expressed or implied herein. These factors include, but are not limited to: the risks and uncertainties identified in the company’s reports and filings with applicable Canadian securities regulators, risks and uncertainties regarding the economic impact of COVID-19 and immunization programs in the US, future levels of tourism in Las Vegas, cannabis extract consumption rates, the success of future product launches of extract products and the demand for such products, restrictions on air and other travel, the uncertainties regarding the development of future extract products, risks associated with the manufacture of cannabis products for consumption by the consumer, risks related to the manufacturing process itself, regulatory and other barriers to legal sale of cannabis in the United States, and risks related to the success of the agreement between the company and Allied. Although the company believes that the forward-looking information and statements contained herein are appropriate in light of the assumptions made and the significant risks and uncertainties inherent in such information and statements, no guarantee can be given that such forward-looking information and statements will prove to be correct and accordingly, readers are advised to rely on their own judgment of such risks and uncertainties and not to place undue reliance on such forward-looking information and statements. All forward-looking information and statements contained herein are made as of the date of this publication and the company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons, unless required by applicable law Actual events or results may or will differ from the projections in the forward-looking information and statements herein, whether as a result of new information, future events or results, or for other reasons.
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