Flower One Secures Genetics Licensing and Plant Purchasing Agreement

Published: October 9, 2018

Flower One Secures Genetics Licensing and Plant Purchasing Agreement

Flower One Holdings Inc. is pleased to announce that it has entered an agreement with its strategic partner NLV Organics Inc. which provides Flower One with the rights, title and intellectual property of NLVO’s full genetic inventory and access to more than 50 strains. The agreement will also see NLVO provide the required plant material to support Flower One’s onboarding of plants into its 400,000 square foot cultivation facility located in the City of North Las Vegas.

“Given that Flower One’s Nevada greenhouse will be the largest cannabis cultivation facility in the state, it is important to the Company and our shareholders to ensure we have certainty and immediate access to an extensive bank of cannabis strains,” said Ken Villazor, President and CEO. “Flower One is committed to meeting the complex and varied needs of Nevada’s strong, tourism-driven cannabis market. We will do so by leveraging these cannabis strains, working collaboratively with other major players in the Nevada market, and tightly executing on the timely onboarding of plants, which is targeted for Q1 2019. Once fully canopied, the cultivation facility will house more than 80,000 plants per crop cycle.”