• Sharing Services Global Corporation has inspired a league of passionate Elepreneurs who are taking charge of their own success
• Analysts suggest that the direct sales market is on the brink of a “transformational moment”
• The direct sales market continues to increase in value and evolve in strategy

Sharing Services Global Corporation (OTCQB: SHRG), a diversified holding company that owns, operates or controls an interest in a variety of companies specializing in the direct selling industry, continues to weather the storms of shifting market trends by combining enthusiastic independent sales representatives with its creative brand strategy.

The company has been riding a wave of success by implementing its Blue Ocean Strategy, described as creating a paradigm shift in a formerly stagnant industry. By shifting the company’s focus from merely selling a product to empowering individuals, Sharing Services has inspired a league of passionate Elepreneurs who are taking charge of their own success.

Elepreneurs, one of the company’s wholly owned subsidiaries, synthesizes several vital strands, including elevating home-based entrepreneurs, generating 100 percent organic growth through direct selling and creating successful independent business leaders who add value to the Sharing Services business model and benefit from its mentorship and support (http://ibn.fm/HFUMl).

By investing in people as the lifeblood of its company, Sharing Services has been able to market Elepreneurs in ways that meet the new era of social media. The company’s mission is to empower its people to achieve healthy minds and bodies, happiness in quality of life and wealth accumulation (http://ibn.fm/mQ7c8). Word-of-mouth, or relationship marketing, is organically activated through these company representatives. The end result is increased revenues for Sharing Services and value for its shareholders, as well as an intrinsically loyal and ever-growing team of Elepreneurs who see the value of the company’s products and philosophy.

As a burgeoning market, the direct sales industry has seen tremendous growth in recent years. A record 20.5 million people were involved in direct selling in the United States during 2016, signifying a 1.5 percent increase from the previous year. Similarly, the estimated direct retail sales of $35.54 billion in 2016 was the second highest in direct selling history, and these numbers continue to grow.

The future of direct sales looks bright and is on the brink of a transformational moment, according to the Direct Selling Association. “It seems clear… that our business model is poised to make the next big jump into the future,” Joseph Mariano wrote on behalf of the association. With much of the consumer population shifting to online shopping, direct sellers must stay abreast of industry changes and consider how technology is changing the face of direct selling. “What our industry does during the coming months will shape our future,” Mariano noted (http://ibn.fm/8GST2), indicating that direct-selling industry numbers “are a strong indicator of where direct selling is and where we are going, and that clearly is the ‘way forward’.”

For more information, visit the company’s website at www.SHRGInc.com

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

• Two executives from SHRG subsidiary Elepreneur have been named as new SHRG board members
• Four independent outside members will join the board as the company continues to pursue uplisting to the Nasdaq
• Company CFO Frank Walters has resigned from the board; he will continue as CFO with a focus on the uplisting process

Sharing Services Global Corporation (OTCQB: SHRG) has named Elepreneur President Keith Halls and Elepreneur CEO Kip Allison as members of the SHRG board. Additionally, SHRG plans to add four independent members to its board as it pursues an uplisting to the Nasdaq, according to SHRG CEO John “JT” Thatch.

“We are finalizing our year-end audit and undertaking preliminary steps to expand our board of directors with four qualified, independent outside members,” Thatch stated in a news release (http://ibn.fm/ceiPl). “A search committee has been commissioned to begin this process as we continue the Nasdaq uplist process.”

SHRG CFO Frank Walters has resigned as a board member but will continue as CFO and will concentrate on the uplisting process and the continued growth of the company.

Halls has been with SHRG since August 2018. He brings a long history of success, both on the distributor and corporate sides. He began in the direct-selling industry in 1986 when he joined NuSkin Enterprises, eventually serving as senior vice president and a board member in that organization. He left NuSkin in 2001, becoming a distributor and part of the sales force for numerous companies.

Allison was originally retained by the company last year as outside counsel and to assist in the operational structure. Prior to that, he was with DF&R Inc. for 10 years in corporate operations. He earned a law degree from the SMU School of Law and built a legal practice focused on closely held corporations. He was the principal and managing partner of his litigation firm until he joined Elepreneur as CEO.

SHRG is a Plano, Texas-based diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales representatives. The company also offers services in the energy, technology and insurance sectors. Its divisions include Elevacity Global LLC and Elepreneur LLC.

For more information, visit the company’s website at www.SHRGInc.com

NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

• Siyata Mobile is offering a new category of cellular device designed to make commercial vehicle technology safer and more efficient for drivers on the road
• The company recently announced that its Uniden UV350 in-vehicle mounted phablet is now FirstNet Ready, making it tested and approved for use on the FirstNet communications platform
• With approval for use on both the AT&T and FirstNet Networks, the company is now open to a large untapped U.S. marketplace of first responders and commercial vehicles

Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) has now launched its FirstNet Ready Uniden UV350 4G/LTE In-Vehicle Device for Public Safety (http://ibn.fm/pcM9P), representing a milestone in the company’s development. Siyata’s UV350 is the first in-vehicle mounted phablet that’s been tested and approved for use on both the AT&T and FirstNet networks.

“We have been working for the past two years to launch at U.S. carriers,” CEO and Board Chairman Marc Seelenfreund said in an interview with InvestorIntel published last month (http://ibn.fm/2Tw1N). “This is a very long process and very few companies are able to actually achieve device approvals at the U.S. carriers. Now that we have launched with AT&T and FirstNet, we can begin targeting a very large-scale opportunity in the United States.”

Siyata’s flagship products are designed to establish a new category of cellular communication devices dedicated to commercial vehicle use. The UV350 is a 4G/LTE device that utilizes Push-to-Talk Over Cellular (PoC) technology to promote a safe way for commercial vehicle drivers to communicate on the road – eliminating potential distractions that might occur when multiple devices come into play for managing vehicle functions and transmissions.

“Our research suggests, there are approximately 10 million commercial vehicles in the United States and over 3 million first responder vehicles in the United States. So, we’re going after a market, just in North America, of over 13 million commercial vehicles and we’re the only ones, with a dedicated in-vehicle device like this to target this market opportunity,” Seelenfreund added.

For more information, visit the company’s website at www.SiyataMobile.com

NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF

• The company has a seasoned management team with more than 50 years of experience
• VPR Brands is focused on sustainable, manageable growth and continued product excellence
• The company is a relatively unknown, award-winning cannabis firm

VPR Brands LP (OTC: VPRB) is a technology holding company located in Fort Lauderdale, Florida, specializing in vaporizers and accessories for essential oils, cannabis concentrates and extracts and electronic cigarettes. The company holds U.S. and Chinese patents for atomization-related products. VPR Brands’ broad portfolio of tested vaporizer products is driving sales and supporting strong year-over-year financial growth.

The strength of the company lies in its management team. Together, team members have more than 50 years of experience in distribution and product development within the vaporizer industry. CEO Kevin Frija’s 29 years of experience reach into sourcing, manufacturing, supply chain management, marketing, advertising and brand licensing. His achievements include growing Vapor Corp. into one of the largest and most recognized companies in its space during his time as president and CEO.

COO Dan Hoff also spent time at Vapor Corp., expanding its distribution network and overseeing financial management, accounting functions, supply chain management, product design and development, and key vendor relations. Hoff joined the VPR Brands team with the 2016 acquisition of Vapor Corp.’s medical cannabis vapes program and its related inventory.

VPRB is focused on sustainable, manageable growth centered on high-performance, high-quality products. With a product portfolio heavily weighted toward cannabis vapes and CBD products, the company is seeing a solid start to 2019. Q1 2019 financial results reported a revenue increase of approximately $1.3 million, while the company’s net loss decreased by approximately $11,000 (http://ibn.fm/7wziC).

Consumer taste and expectations drive the product design and formulation of VPR brands. By offering private labels, co-branded collaborations and white-label extractors, VPR has provided several award-winning vaporizers to top companies in the cannabis and CBD oil industries. This has added additional value to VPR’s personal product portfolio, which includes GoldLine, HoneyStick, Helium, Vaporin, Vaporx, GoldLine Hemp and Vapor Store Direct.

Having an in-house product development team allows the company to expand margins as it continues to develop additional products. Its current offerings include vaporizers, e-liquids, cannabis consumables, disposable vapes, batteries and tanks.

VPR Brands is an award-winning company in the cannabis sector that is not yet well known but is gaining the attention of the investment community. Its experienced management team, high-quality products, diversified brands and organic customer base have provided the company with continued growth since its beginnings.

For more information, visit the company’s website at www.VPRBrands.com

NOTE TO INVESTORS: The latest news and updates relating to VPRB are available in the company’s newsroom at http://ibn.fm/VPRB

• SinglePoint is a holding company focused on diversification into horizontal markets
• The company’s recent acquisition, Direct Solar, has secured $1,457,891 in solar contracts since completion of the acquisition
• SinglePoint signed a master distribution and co-selling agreement with a national CBD supply chain manufacturer; the company recently entered a letter of intent to acquire ProActive Nutra

SinglePoint Inc. (OTCQB: SING) is a technology and investment vehicle that specializes in acquisitions of small- to mid-sized companies. The company’s emphasis is on acquiring companies that will immediately benefit from the injection of technology integration and growth capital. Headquartered in Phoenix, Arizona, SinglePoint looks for undervalued, cash-flow positive companies that have high potential and verified assets (http://ibn.fm/PN1C9).

Established in 2007, SinglePoint focuses on new technologies. This strategy provides investors with an opportunity to make investments across a broad array of assets. These include payment processing, cannabis and blockchain technologies and a crypto application co-created with AppSwarm (OTC: SWRM). Via acquisitions, SinglePoint is providing a rich, diversified holding base.

Recently, SinglePoint announced that it had secured $1,457,891 in solar-installation contracts since completion of its acquisition of Direct Solar, which is expected to result in approximately $694,075 in gross profit and $306,729 in net profit (http://ibn.fm/VyE1H). At present, Direct Solar is averaging 2.7 sales per day, with a rapid trend toward reaching three per day. Direct Solar is looking to expand into Missouri as federal and state rebates continue to increase. Most of the revenue driven by Direct Solar thus far is expected to be recorded on SinglePoint’s Q3 financial statements.

“We are very pleased with the performance of Direct Solar and their entire team,” SinglePoint President Wil Ralston stated in a news release. “Since closing the acquisition, they have really outperformed everyone’s initial expectation. The goal was $1,000,000 a month after 90 days, and it would appear we are going to hit that sooner than anticipated.”

SinglePoint also recently announced its entry into a wide-ranging supply chain and co-selling agreement with Nevada-based JMSJ Holdings. This agreement provides SinglePoint guaranteed access to $50 million of industrial hemp-derived CBD (cannabidiol) isolate monthly. SinglePoint will in turn sell CBD distillate, CBD isolate and hemp biomass to be used in the manufacturing of retail products to Fortune 500 and B2B (business-to-business) companies (http://ibn.fm/cIhKb).

Furthermore, SinglePoint recently announced a letter of intent to acquire ProActive Nutra. ProActive Nutra has been operating at a greater than 45 percent margin, and this acquisition will bring additional revenue to SinglePoint. ProActive Nutra is a GMP- and FDA-compliant CBD mushroom and herbal cleanser manufacturing business operating in a GMP-compliant facility (http://ibn.fm/Squc5).

In addition, by way of its SingleSeed subsidiary, SinglePoint is providing products and services to the cannabis industry. SingleSeed is a destination point for cannabis dispensaries looking for merchant payment-processing solutions, as well as other business tools (http://ibn.fm/inNz8).

BI Intelligence forecasts the number of domestic in-store mobile payment users to increase at a 40 percent five-year CAGR, reaching 150 million by the end of 2020. This represents 56 percent of the consumer population (http://ibn.fm/QStk5). SinglePoint is well positioned to capitalize on this growth. Moreover, SinglePoint is developing a cryptocurrency solution for the cannabis industry – a vital element of its comprehensive solutions.

At the heart of its strategy, SinglePoint continues to concentrate on payment solutions. This focus includes capitalizing on emerging opportunities in the cannabis market. With its present plan to drive revenue growth through partnerships, equity-financed acquisitions and internal product development, SinglePoint offers investors varied corporate channels for portfolio growth.

For more information, visit the company’s website at www.SinglePoint.com

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://ibn.fm/SING

• Uber is creating additional services beyond ride sharing
• The company is looking to the fintech world to find better payment and lending solutions that increase customer loyalty
• Uber is seeking new office space in New York for a team that could exceed 100 workers

Uber Technologies Inc. (NYSE: UBER) is working to go beyond providing convenient and affordable rides from point A to point B. The company is looking toward a future with self-driving technology, urban air transport, food delivery, accessible health care, freight-booking solutions and seamless employee travel. It should come as no surprise, therefore, that a recent CNBC article (http://ibn.fm/wVELa) highlighted the company’s creation of a new fintech outpost in New York in conjunction with an aggressive hiring spree.

Branching out from its hometown of San Francisco to New York provides the company with access to a larger fintech and banking talent pool. According to the article, the move is part of an effort to rise above other ride-sharing programs and increase customer loyalty. Currently, Uber has 93 million active users globally. These riders link credit cards or fund a wallet to pay for services, and Uber is looking to the fintech world to find better payment and lending solutions.

The company has already released fintech products including Uber Cash, Uber Rewards and a co-branded credit card. Solutions such as an Uber bank account are in discussions, though these offerings appear to be years away from becoming a reality.

Uber is actively seeking new office space — as large as 300,000 square feet— in New York to house the several dozen engineers, product managers and other workers on the company’s radar. This New York Uber team could eventually exceed 100 workers.

Uber is continuing to find solutions to create a world in which everyone has safe and easy access to transportation. The company is working to increase its services through inventive programs that address mass transit, provide autonomous driving, streamline payment solutions and develop new technologies and systems for safer rides — all on one tech platform.

For more information, visit the company’s website at www.Uber.com

• Green Hygienics Holdings is in the process of completing the purchase of the Potrero Ranch property near San Diego, California
• The property offers ideal conditions for hemp cultivation, with the potential to harvest two crops per year at an estimated 1,200 to 1,500 pounds of hemp per acre, representing substantial new revenue opportunities
• The U.S. hemp-derived CBD market is now projected to triple in size, reaching $1.3 billion by 2022, while the global industrial hemp market is expected to surpass $10 billion by 2025

Green Hygienics Holdings Inc. (OTCQB: GRYN), a full-scope premium cannabis cultivation company targeting the high-end medical and adult-use recreational markets, is moving to purchase over 824 acres of prime pasture in California’s San Diego County with an eye toward planting hemp – the nation’s newest legal crop. Now in escrow, the ranch property will provide Green Hygienics Holdings with room to grow hemp in California’s rapidly expanding cannabis industry, which reaped approximately $2 billion in total sales in 2018, according to Benzinga (http://ibn.fm/7k2ta).

“Given that there is the potential to harvest 1,200 to 1,500 pounds of hemp per acre, we can produce two crops per year, and the price of hemp is at an average of $50 per pound, this initiative has the potential to produce significant revenues for the Company,” Vice President of Business Development Matt Dole stated in a news release announcing the planned purchase (http://ibn.fm/6ZRA7). “This will also provide a base of operations for several other equally exciting initiatives. We have been working on this property acquisition for a very long time and are excited about the possibilities it opens up for the Company.”

The global industrial hemp market is expected to reach $10.6 billion by 2025, expanding at a compound annual growth rate of 14 percent, according to Grand View Research (http://ibn.fm/nUt0G). New Frontier Data estimates that the hemp-derived CBD market in the United States will grow to a $1.3 billion market by 2022, tripling in size from $390 million in 2018 (http://ibn.fm/wLltx).

Additional potential at the Potrero Ranch property is in the existing outbuildings, spanning 294,000 square feet, which are ideal for use as greenhouses or seed production and storage. The property also includes an updated home, an abundant water supply and soil with the type and pH levels identified as ideal for hemp cultivation.

The 2018 Farm Bill that legalized hemp is expected to transform the American farm industry, creating a new job footprint and bringing an infusion of investment funds to the hemp and cannabis space, according to an article published by CNBC (http://ibn.fm/SfOES).

Hemp, while a cousin to cannabis, has very low traces of THC, the chemical responsible for inducing the “high” associated with marijuana. Hemp is an ancient plant used in products ranging from automotive parts, rope, furniture and textiles to food, beverages, beauty products and construction supplies. Hemp also contains cannabidiol (CBD), which is extracted and infused into products that are showing to be effective in combating anxiety, stress, chronic pain, childhood epilepsy and other ailments, as reported by Harvard Medical School (http://ibn.fm/jdSeG).

For more information, visit the company’s website at www.GreenHygienicsHoldings.com

NOTE TO INVESTORS: The latest news and updates relating to GRYN are available in the company’s newsroom at http://ibn.fm/GRYN

• Blade is a brand new, artificial intelligence-powered underwriting and merchant onboarding solution
• Due to the learning capabilities of AI software, the new solution will gradually become more effective, reducing decision-making time and bringing down the risk of errors
• Demand for artificial intelligence products for use in corporate environments is anticipated to grow rapidly, with financial service companies expected to spend over $11 billion on such products in 2020

Global technology and value-added solutions group Net Element Inc. (NASDAQ: NETE) is launching Blade – an artificial intelligence-based, fully-automated underwriting solution with predictive scoring, a company announcement noted (http://ibn.fm/rT3r4).

Blade is developed for underwriting and onboarding new merchants. The use of such an AI-powered solution brings down potential risks and decision-making time while also enhancing customer experience. The system compiles and analyzes data gathered and assessed based on preset parameters using proprietary algorithms. Additionally, Blade is a smart system that constantly adapts, improving the artificial intelligence mechanism that powers the solution.

The Blade AI scoring system is designed to provide a fast and accurate assessment of risk during the onboarding process. It accounts for a wide range of factors, enabling more effective and data-backed decision-making processes.

Net Element’s system will benefit from continuous updates that will enrich the AI-powered mechanism. This is expected to further speed up decision-making and enhance customer service.

Artificial intelligence for data analysis and corporate use is growing globally. Statistics suggest that financial services companies will spend over $11 billion on AI-powered solutions in 2020 (http://ibn.fm/zSg1Y). These companies can anticipate a high return on investment, since AI is projected to boost GDP in the financial services industry in North America by as much as 10 percent by 2030.

There’s a simple reason why AI-powered solutions deliver such impressive results. In a semi-automated environment, an average account review requires 15 minutes. There are numerous requirements that have to be met in order to ensure regulatory compliance. A review performed through the use of an automated solution like Blade can often takes less than a minute to complete.

Furthermore, whenever an account fails, Blade provides a detailed report about the nature of the problem and the viable solutions.

“AI and machine learning are quickly becoming valuable tools for decision making in the payments ecosystem, particularly in securing e-commerce transactions,” Net Element Vice President of Risk Shawn Brown said in a news release.

Net Element operates a payments-as-a-service transactional and value-added solutions platform. It targets predominantly small and medium-sized companies in the U.S., as well as within select emerging markets.

Through innovation, blockchain technology, cloud-based solutions and productivity tools, Net Element aims to grow transactional value for its clients. One of the primary developments in the Net Element portfolio is Aptito – a cloud-based restaurant and retail point-of-sale solution (http://ibn.fm/WqSaI).

Net Element utilizes an omni-channel platform to deliver flexible services, regardless of the specific market’s regulatory, demographic and banking framework. The strategy has proven to be successful; in 2017, Net Element was included among the fastest-growing companies in North America on Deloitte’s 2017 Technology Fast 500 list.

For more information, visit the company’s website at www.NetElement.com

NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE

• Sproutly’s groundbreaking discovery of naturally water-soluble cannabinoids is projected to be a disruptor in the emerging cannabis beverage and edibles market
• Chief Science Officer Dr. Arup Sen leads the company’s research and development team, which has created 44 different formulations to date
• The company has entered into an exclusive joint venture with Moosehead Breweries Limited to develop and produce nonalcoholic, cannabis-infused beverages

Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) is advancing its core mission of becoming the leading supplier of water-soluble cannabis solutions and bio-natural oils for beverages and edibles by meeting several key milestones. The company’s chief science officer, Dr. Arup Sen, reviewed recent accomplishments in an interview with InvestorIdeas.com that featured the company’s technological breakthrough in producing and formulating the first natural, truly water-soluble cannabis solution (http://ibn.fm/9aEEi).

“We will be pretty much standing alone in the field of making beverages that will include natural chemicals in their natural state from cannabis and hemp plants,” Sen stated in the interview. “We have created about 44 different formulations, many of which have already gone through the stability testing, both in cans as well as bottles, because, at this point we don’t know how the regulations will turn out. We would prefer glass bottles, because of the clear solution nature of our beverages which will stand out in a glass bottle.”

Deloitte estimates that, as Canada imposes new legislation on October 17, 2019, targeting cannabis and cannabis concentrates in the edibles and beverages sectors, a new $2.7 billion per year market that is expected to generate higher profits for retailers will be created (http://ibn.fm/WouJ5). Deloitte’s report, titled ‘Nurturing new growth: Canada gets ready for Cannabis 2.0’, indicates that the new legislation will likely attract consumers who have been reluctant to try traditional cannabis consumption methods.

“The edibles market alone is estimated to be worth at least $1.6 billion a year in Canada, with cannabis-infused beverages adding a further $529 million,” Jennifer Lee, a partner and Deloitte Canada’s Cannabis National Leader, and Consumer Advisory and Analytics Practice National Leader, stated in the report. “According to our research and stakeholder interviews, much of this economic boost will be on top of current cannabis product spending.”

Sproutly’s acquisition of Infusion Biosciences and its Aqueous Phytorecovery Process (“APP”) technology, which extracts water-soluble forms of cannabinoids for inclusion in beverages and edibles, came with exclusive rights to APP technology in Canada, Australia, Israel, Jamaica and the EU. Sproutly CEO Keith Dolo described the company’s premium offering, Infuz2O, as “the world’s first and only, truly water-soluble cannabis solution” for formulation into beverages.

“APP technology is a low-cost, gentle method to produce Infuz2O, a groundbreaking discovery that delivers the total effects of the strain of cannabis from which it is made; on-set effects start within approximately 5 minutes and dissipate within approximately 90 minutes,” Dolo stated in a news release (http://ibn.fm/izEPc).

A joint venture between Sproutly and OCC Holdings Ltd., an affiliate of Moosehead Breweries Limited, one of Canada’s oldest and largest independent breweries, will utilize the Infuz2O water-soluble cannabis formulation to create a truly natural cannabis beverage experience that serves as an alternative to alcoholic products.

“This partnership with Moosehead marks an important milestone in Sproutly’s mission of delivering a safe and consistent whole plant experience from cannabis, with a lead position in the beverage market,” Dolo stated in a news release announcing the joint venture (http://ibn.fm/n7eAG).

Sproutly executives recently shared details of the APP process at the Canaccord Genuity Third Annual Cannabis Conference and at the Cannastocks 2019 Q1 Investor Conference, both of which were in New York City (http://ibn.fm/VBiWw).

For more information, visit the company’s website at www.Sproutly.ca

NOTE TO INVESTORS: The latest news and updates relating to SRUTF are available in the company’s newsroom at http://ibn.fm/SRUTF

• The company’s recreational cannabis plants and growing processes received organic certification from Pro-Cert Organic Systems Ltd.
• The certification is an important part of the company’s expansion strategy, as the market demand for organic cannabis products is on the upswing
• Organigram recently announced that it has secured a C$140 million credit facility with Bank of Montreal as the lead arranger and agent, which will largely be used to fund the company’s expansion plans and to refinance existing long-term debt

The end of May 2019 marked several exciting developments for Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI), a leading Canadian licensed producer of medicinal and recreational cannabis products.

On May 31, Organigram announced that it has received organic certification for its recreational cannabis plants and growing processes. Pro-Cert, a North American certification body that is accredited to provide certificates under Canadian Organic Standards, worked closely with Organigram during the process.

Consumer demand for organic cannabis is significant, Organigram CEO Greg Engel said in a news release (http://ibn.fm/kYntT). Previously, the company offered select organic strains among its Organigram medical cannabis products. The extended recreational organic offerings are expected to please recreational consumers who are interested in organically certified products, Engel concluded.

The certification strengthens Organigram’s product offerings. Additionally, it complements the EcoCert certification that currently applies to Organigram’s medical products. Receiving the Pro-Cert certification also facilitates the company’s planned launch of ANKR Organics – a line of organic flower and edible extract oils. ANKR’s launch is anticipated later in 2019 within select Canadian markets.

Organigram has always prioritized the production of high quality, indoor-grown cannabis products for patients and adult recreational users in Canada. A focus on extending Organigram’s global footprint is also guiding the company’s strategic efforts.

As part of its expansion strategy, Organigram also announced the closing of a C$140 million credit facility with Bank of Montreal (http://ibn.fm/mckuw). The facility consists of a C$115 million term loan and a C$25 million revolving credit facility. Both of these mature in May 2022.

“The closing of this credit facility reflects BMO’s and the syndicate lenders’ vote of confidence in our management team, ability to deliver financial results, and investment in our world-class Moncton campus,” Engel said in a news release.

Organigram is always looking to optimize its capital structure and reduce the cost of capital, Organigram CFO Paolo De Luca added. The decision not to access public capital markets is aimed at avoiding shareholder dilution, he noted.

Both facilities are secured by Organigram assets, primarily consisting of the Moncton campus production facility. The final constructed and licensed facility is projected to be able to produce the dried flower equivalent cannabis of 113,000 kilograms (249,000 lbs.) per year. Construction is expected to be completed by the end of 2019. The Moncton facility will also house innovative manufacturing equipment, including the previously announced C$15 million infrastructure investment to produce world class infused chocolate products.

The proceeds from the term loan will be used to fund phases four and five of the Moncton campus expansion. In addition, funds will be used to refinance Organigram’s existing long-term debt with Farm Credit Canada.

For more information, visit the company’s website at www.Organigram.ca

NOTE TO INVESTORS: The latest news and updates relating to OGI are available in the company’s newsroom at http://ibn.fm/OGRMF