Eden Empire Announces Signing of LOI With Highlands Grow for Dispensary Supply in Michigan

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VANCOUVER, British Columbia and BATTLE CREEK, Mich., Feb. 15, 2022 (GLOBE NEWSWIRE) — Eden Empire Inc. (CSE: EDEN) (the “Firm” or “Eden Empire”) is happy to announce that it has signed a Letter of Intent (the “LOI”) with Highland Grows (the “Provider”) to supply hashish merchandise for the Firm’s franchise and company places within the State of Michigan.

Key Notes:

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“The Highlands Develop relationship will signify the start of progress for EDEN in its seek for the best high quality merchandise within the State.” CEO Gerry Trapasso acknowledged, “After we search for companions within the provide house, we’re on the lookout for key teams that may signify the EDEN model in its rising model, and its product line. Highlands Develop represents this completely with their high-THC strains grown of their state-of-the-art facility.”

To study extra about Highlands Develop, please go to www.highlandsgrow.com.

This information launch doesn’t represent a proposal of securities on the market in the US. The securities ‎being supplied haven’t been, nor will they be, registered underneath the United States Securities Act of ‎‎1933, as amended, and such securities is probably not supplied or offered inside the US absent U.S. ‎registration or an relevant exemption from U.S. registration necessities.‎

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For additional data or ought to you may have any questions, please be at liberty to e mail us at buyers@edenempire.com.

Gerry Trapasso, CEO

Neither the Canadian Securities Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the CSE) accepts accountability for the adequacy or accuracy of this information launch.

About Eden Empire

Eden Empire is within the enterprise of investments and operations within the hashish sector and interesting in retail hashish gross sales. Eden Empire intends to develop its retail operations in Canada and to develop its enterprise to hashish cultivation, extraction and processing‎ and grow to be a totally built-in hashish product firm in the US.

Eden Empire has an award successful and established nationwide model, together with a considerable mental property portfolio, and a devoted administration workforce with intensive hashish trade expertise. Upon completion of Eden Empire’s at present meant acquisitions, and approval to function its retail places, the Firm is predicted to have a big retail hashish footprint in Canada and Michigan. Retail hashish operations are an rising sector with vital money movement potential.

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Cautionary Word Relating to Ahead-Trying Statements

This launch incorporates sure “ahead wanting statements” and sure “forward-looking data” as outlined underneath relevant Canadian securities legal guidelines. Ahead-looking statements and data can typically be recognized by way of forward-looking terminology akin to “might”, “will”, “anticipate”, “intend”, “estimate”, “upon” “anticipate”, “consider”, “proceed”, “plans” or comparable terminology. Ahead-looking statements and data embrace, however will not be restricted to, statements with respect to the gross proceeds anticipated to be acquired underneath the Third Tranche Non-public Placement; the long run train of any Warrants issued underneath the Third Tranche Non-public Placement; the long run value of the Firm’s frequent shares on the CSE; the long run train by the Firm of its proper to speed up the Warrant Expiry Date; the approval of the CSE of the Third Tranche Non-public Placement; the Firm’s future operations of retail hashish shops in the US and Canada; the Firm increasing its enterprise to hashish cultivation, extraction and processing and changing into a totally built-in hashish firm in the US; the completion of the Firm’s at present meant acquisitions; the receipt of all mandatory licenses and approvals to function the Firm’s retail places; and the proposed future transactions Eden might undertake and their anticipated timing.

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Ahead-looking statements and data are based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions that, whereas believed by administration to be affordable, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. Ahead-looking statements and data are topic to varied recognized and unknown dangers and uncertainties, lots of that are past the power of Eden Empire to manage or predict, which will trigger Eden Empire’s precise outcomes, efficiency or achievements to be materially completely different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different components set out herein, together with however not restricted to: Eden Empire might not get hold of the requisite regulatory approvals and will not start working hashish retail or cultivation and processing operations; that the precise use of proceeds might differ from these at present acknowledged; the inherent dangers concerned within the basic securities markets; uncertainties referring to the supply and prices of financing wanted sooner or later; the inherent uncertainty of manufacturing and price estimates and the potential for surprising prices and bills; forex fluctuations; regulatory restrictions and the likelihood for modifications in legal guidelines, guidelines, and rules within the trade; legal responsibility, competitors, lack of key workers and different associated dangers and uncertainties. Eden Empire doesn’t undertake any obligation to replace forward-looking data besides as required by relevant regulation. Such forward-looking data represents administration’s greatest judgment based mostly on data at present obtainable. No forward-looking assertion might be assured and precise future outcomes might range materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements.