Kelowna, British Columbia–(Newsfile Corp. – October 21, 2020) – Citation Growth Corp. (CSE: CGRO) (OTCQX: CGOTF) (“Citation” or “Company”), a licensed multi-state Cannabis cultivator, producer and retailer, is pleased to announce that it has executed a non-binding letter of intent dated October 19, 2020 (“LOI”) with Boaz Craft Cannabis based in Calgary, Alberta (the “Vendor”) to supply cannabis from its micro cultivation facility in Vernon, BC (Laughing Turtle Farms) in 2021 upon the closing of Laughing Turtle Farms definitive agreement.
“With Laughing Turtle Farms still a few months away from final Health Canada inspection, we felt it was important to establish our downstream retail partnerships well in advance of receiving our License to Cultivate,” explained Citation CEO, Erik Anderson. “Boaz Craft Cannabis is a well-respected brand and they align well with our goal of being a premium producer in Canada. We are very happy to partner with them to take our high-quality flower to market and look forward to having our two retail stores open in the Okanagan by mid-2021 to sell Boaz products, including our own.”
Operational synergies on both the cultivation and retail front have been identified and put into motion by Citation management. Citation’s team from their award-winning dispensary in Desert Hot Springs, California (Green Leaf Wellness) will work closely with management and the retail staff in BC to share best-practices and maximize profitability. Similarly, the grow teams at Laughing Turtle Farms have already begun collaborating with the cultivation and production team at Citation’s Apex facility in North Las Vegas; the sharing of expertise and growing methodologies has been very productive. The combined cross-border teams are working exceptionally well together and will continue to do so going forward.
About Citation Growth Corp.
Citation Growth Corp. (CSE: CGRO) (OTCQX: CGOTF) is a publicly traded company that has been