A Propagation / Production, Cold Storage, DNA Services Lab & Research Facility
Alliance Growers Corp.(ACG.C) has signed a MOU (memorandum of understanding) with Botanical Research In Motion International Inc. (BRIM) to build a 40,000 square foot Botany Centre to service the Cannabis market specifically and the agriculture market in general.
BRIM will also grant to Alliance an exclusive Canadian licence regarding certain of BRIM's proprietary technology.
The License granted to Alliance will allow it to jointly develop and operate multiple Botany Centres in Canada and will include the following:
1 - B.R.I.M.'s proprietary "Chibafreen Invitro Plant Production System" Utilizing its proprietary state of art clean tissue culture lab room designed to produce over one million Tissue Culture Plantlets per year. The design is scalable and designed for all flora to serve the entire agriculture industry.
2 - B.R.I.M.'s proprietary Cryotissue Cold Storage Utilizing the one-of-a-kind Cryotissue Cold Storage technology for tissue culture preservation and regeneration as needed on long term basis. 3 - Extraction Lab Provide custom profiles for extraction for botanicals oils for retail market. Provide extraction services as retail services to cultivators.
4 - Botanical DNA Services Laboratory Certifying plant tissue as the genetic level. Additional DNA mapping services.
5 - B.R.I.M's proprietary research for cannabis for large commercial scale micro propagation production when permitted. The MOU will be superseded by a definitive agreement (the "Definitive Agreement") to be completed on or before November 30, 2016.
The significant terms of the deal include the following:
Alliance will issue to BRIM a total of 6,000,000 common shares and 3 million warrants to be released in stages; Cash payments of $75,000 on execution of the MOU and $75,000 on execution of the Definitive Agreement; Pay a Royalty to BRIM on each Botany Centre in Canada that that is consistent with similar commercial operations.
The initial Botany Centre and land shall be held by a wholly owned subsidiary of Alliance. Alliance shall be solely responsible for the cost of construction of the Botany Centre, and be responsible for all management fees, salaries, consulting fees and other operating costs related to the Botany Centre.
BRIM also agrees to grant Alliance first right of refusal on exclusive licenses in various states in the US, and other countries or regions as they are identified, whereby Alliance will jointly operate the clean room certified laboratories making up a similar Botany Centre in those locations.
Commenting on the MOU, Dennis Petke, Alliance Growers President and CEO said, "We are pleased to finally be able to announce that we have reached an agreement with BRIM for the exclusive license of the BRIM technologies and the joint development of multiple Botany Centres in Canada. The development of these Botany Centres in Canada and in other countries will significantly add to the value of Alliance, along with interests we intend to acquire in multiple ACMPR facilities".
About Alliance Growers
Alliance Growers Corp (ACG: CSE) is a diversified cannabis company driven by the Company's 'Four Pillars' Organization Plan - MMPR cannabis production facilities, distribution network, consumer products, and research and development.