By Biome Grow, Inc. on Wednesday, 10 October 2018
Category: Vertically Integrated

Biome Grow starts trading on Canadian Securities Exchange; aims to build Canadian cannabis conglomerate

viewBiome Grow, Inc.

The firm says the listing will help increase visibility, open doors to prospective global investors, improve liquidity and present a more diversified shareholder base

Biome Grow is focused on regional cannabis growing and business growth with an emphasis in Atlantic Canada

Cannabis firm Biome Grow Corp () started trading on the Canadian Securities Exchange on Tuesday under the ticker symbol "BIO."

“Listing on the CSE represents a significant milestone in the growth and expansion of Biome as we continue to build a Canadian cannabis conglomerate,” said Khurram Malik, interim chief executive officer of Biome.

“We believe public listing will provide Biome increased visibility with prospective global investors, improved liquidity, and a more diversified shareholder base as we continue to grow through agreements, partnerships, and acquisitions across Canada and globally.”

Biome has acquired four subsidiaries and has approximately 390,000 sq. ft. of production capacity in operation or under development, including:

Highland Grow, a Nova Scotia-based company, which is already a Licensed Producer under Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR) and is nearing in on sales licensing, pending federal inspections and approvals.

The Back Home Medical Cannabis Corp, in Newfoundland and Labrador, which is in the late stages of applying for a licence under the ACMPR.

There is also P-209 Inc., a company incorporated in Ontario and in the late stages of applying for a licence under the ACMPR.

Finally, subsidiary Weed Virtual Retail Inc, incorporated in Ontario, is in the business of operating a new virtual reality technology platform focused exclusively on the medical and recreational cannabis markets.

Biome is also conducting a range of cannabis-focused research initiatives, including a three-year partnership it has with St. Xavier University, in Nova Scotia. 

“Biome is unique through the diversity of our holdings and in that we are steered by some of the best leaders and experts in the cannabis industry, from finance, life science technologies, regulatory affairs, pharmaceuticals, business building and marketing,” said Malik.

“We are poised to be leaders in Canada’s cannabis industry with pending legalization while keeping our eyes squarely on the burgeoning global market." 

Shares of Biome were at C$1.90 on Wednesday. 

CSE:BIO

Market: CSE
Market Cap: $13.29 m
Follow

View company profile

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Biome Grow, Inc. named herein, including the promotion by the Company of Biome Grow, Inc. in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Most read

Full interview: Biome Grow see 7% increase in Q-3 revenue while also raising...

Biome Grow (CSE: BIO) CEO Khurram Malik joined Steve Darling from Proactive in Toronto to discuss the company’s 3rd quarter financial numbers that saw the company increase revenue by 7% Malik also told Proactive about Biome raising 3 million dollars and how they plan on using that capital in...

on 11/27/2019

2 min read

Related Posts