VANCOUVER, BC / ACCESSWIRE/ December 18, 2018 / Viridium Pacific Group Ltd. (“Viridium” or the “Company”)(VIR.V) (VIRFF) is pleased to announce that Experion BiotechnologiesInc. (“Experion”), a wholly owned subsidiary licensed under the Cannabis Act, haslaunched its first adult-use cannabis brand, Citizen Stash. During the O’CannabizConference & Expo, which took place December 9 to 11, 2018 in Vancouver, BritishColumbia, the Citizen Stash brand was introduced. The brand was created to appealto those seeking recreational cannabis in Canada’s recently legalized market.
Citizen Stash cannabis products will be hand cultivated inExperion’s indoor facility in Mission, British Columbia to the highest standardsto ensure quality and exceptional user experience Although Experion has not seta firm launch date, the Company is aiming to market and have available for saleits first Citizen Stash product in the first quarter of 2019.
“Citizen Stash is about coming together. We want Citizen Stashto be a brand that is all about celebrating our collective experience as Canadians.Our efforts with regard to finalizing supply agreements for the recreational marketsin BC and Saskatchewan are progressing well, which means that we are getting excitedabout shipping our first Citizen Stash product,” stated Jay Garnett, Viridium Presidentand Chief Executive Officer. “We will be supporting the launch of Citizen Stashthrough our web and social media efforts, and brand activities and experiences.”
Further to the Company’s news releaseof March 16, 2018 announcing, amongst other things, the resignation of Steve Serenas,the Company advises that notwithstanding its best efforts, it has been unable tocome to a final understanding with Mr. Serenas on his terminal compensation packageeven though it was agreed to following his resignation. Similarly, upon Chris McArthur’sdeparture from the Company, as announced May 7, 2018, the Company has had ongoingdiscussions with him on his terminal compensation package but no agreement has yetbeen reached.
Viridium Pacific Group Ltd. is a consumer wellness and biotechinnovation company based in British Columbia, and the parent company of operatingsubsidiaries involved in horticultural production, (Experion Biotechologies Inc.)property development (Fish Trap Ventures Ltd.), and human resource management (StaveLake Services Ltd.) Experion Biotechnologies Inc., is a Health Canada licensed producerof cannabis, which operates in an 8,300 square-foot indoor facility outside of Mission,BC.
More information about Viridium can be found under the Company’sprofile on SEDAR at www.sedar.com.
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Thispress release contains forward-looking information within the meaning of Canadiansecurities laws. Although the Company believes that such information is reasonable,it can give no assurance that such expectations will prove to be correct.
Forwardlooking information is typically identified by words such as: believe, expect, anticipate,intend, estimate, forecast, postulate and similar expressions, or are those, which,by their nature, refer to future events. The Company cautions investors that anyforward-looking information provided by the Company are not guarantees of futureresults or performance, and that actual results may differ materially from thosein forward looking information as a result of various factors, including, but notlimited to: the state of the financial markets for the Company’s equity securities;recent market volatility; the Company’s ability to raise the necessary capital orto be fully able to implement its business strategies; the risks identified in theFiling Statement, and other risks and factors that the Company is unaware of atthis time. The reader is referred to the Filing Statement dated September 25, 2017and/or the most recent annual and interim Management’s Discussion and Analysis fora more complete discussion of such risk factors and their potential effects, copiesof which may be accessed through the Company page on SEDAR at www.sedar.com.
SOURCE: Viridium Pacific GroupLtd.