AGORACOM Small-cap Investor Relations Blog

• Announced Washington State Liquor and Cannabis Board (WSLCB) has finally approved the tenant grower to prepare the Oroville location for final inspection.
• Leading up to final inspection the tenant grower will be required to provide updates detailing how the build-out is progressing and will include proof of this progress, until the location is final inspection ready.
• The first 10,000 sq. ft. of a 30,000 sq. ft. Tier-3, I-502 production and processing license is already built. 
• In addition to the 10,000 sq. ft. in-door space the tenant is planning to plant a 20,000 sq. ft. out-door crop as well.

VANCOUVER, British Columbia, July 25, 2019 — BOUGAINVILLE VENTURES INC. (CSE: BOG) (FRA: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that after a very though review the Washington State Liquor and Cannabis Board (WSLCB) has finally approved the tenant grower to prepare the Oroville location for final inspection.

Leading up to final inspection the tenant grower will be required to provide updates detailing how the build-out is progressing and will include proof of this progress, until the location is final inspection ready. Proof of progress can come in the form of copies of permitting paperwork, photographs of construction, and or other supporting documentation that shows progress has occurred at the cultivation facility in Oroville, WA.

The first 10,000 sq. ft. of a 30,000 sq. ft. Tier-3, I-502 production and processing license is already built.  In addition to the 10,000 sq. ft. in-door space the tenant is planning to plant a 20,000 sq. ft. out-door crop as well. The tenant is licensed to build out up to 30,000 sq. ft and once fully built-out the facility will be able to house 1,500 to 1,800 plants. The tenant grower has decided to plant an auto-flower strain of cannabis for its in-door and out-door season. 

About Auto-flowering Cannabis

The concept of auto-flowering strains is that they will automatically flower as opposed to waiting for a specifically timed light cycle. The plants begin to flower all on their own after a relatively short vegetative period of 2-4 weeks. Once planted outdoors, auto-flowering plants will start producing buds no matter how many hours of sunlight they are receiving, which means one will not need to worry about running a light deprivation system or supplementing light as the tenant is trying to achieve multiple harvests in a season.

CEO, Andy Jagpal Comments:  
“We are very excited to finally see our Tier-3 tenant receiving final approval for final inspection of the Oroville facility. It has been a long and drawn out process dealing with the WSLCB, which took longer that we initially anticipated. Even though we were hoping to receive final inspection sooner we are happy to see it finally come through. We are very optimistic the tenant will receive approval to plant as the site has been ready for inspection since June 1, 2019.”

About the Washington I-502 Marijuana Market  
In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502) pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 – $1.5 billion USD in annual sales. 

About Bougainville Ventures, Inc.Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

• Announced that the board of Directors have approved the terms of a Contract Production Agreement with a Co-packing Company
• Co-packing Company is a fully-licensed cannabis co-packing and bottling company that operates to GMP standards.

VANCOUVER, British Columbia, July 23, 2019 — BOUGAINVILLE VENTURES INC. (CSE: BOG) (FRA: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that the board of Directors have approved the terms of a Contract Production Agreement (the “Production Agreement”) with a Co-packing Company subject to acceptance of final terms, to produce and process our dedicated line of Cannabidiol derived (“CBD”) products which include the proprietary CBD blended, Medium Chain Triglycerides (“MCT”) Oils tincture product for anxiety, energy and sleep recently acquired from the Island Biopharma Inc., acquisition.

The Co-packing Company is a fully-licensed cannabis co-packing and bottling company that operates to GMP standards. The Production Agreement will enable Bougainville to launch its patented line of bio-cannabis MCT Oil tincture products cost effectively. Pursuant to the Production Agreement the co-packing company has agreed to provide product development, manufacturing, and distribution of our CBD blended MCT Oil tincture products for anxiety, energy and sleep. Bougainville Ventures will commit to a minimum purchase order of 1,000 gallons or 56,000 units. Packaging costs are very competitive with industry norms for the nutraceutical and herbal treatment products and the company’s strategy is primarily to sell to the wholesale market first.

According to an estimate from cannabis industry analysts the hemp-CBD market alone could reach $22 billion by 2022. CBD can be used to effectively to treat epilepsy, anxiety, insomnia and chronic pain. The Island Biopharma CBD line is designed to harness the healing power of cannabis without the psychotropic effects of THC.

About the Co-Packing Company

The Co-packing Company is a Canadian-based company, which is engaged in expanding the ancillary side of the cannabis industry. The company offers local and international brands key services, such as formulation, manufacturing, co-packing, and distribution for THC & CBD infused products.

About Bougainville Ventures, Inc.
Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

• Announced that it has hired a mobile processing company to travel to Portland Oregon from Washington State to process last year’s hemp crop.
• The total amount to be processed is approximately 1,700 lbs of bio-mass and should take about 5 days to process. The anticipated the value of the crop is $250,000 USD.

VANCOUVER, British Columbia, July 11, 2019 — BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG) (8BV-FF:Frankfurt Stock Exchange) – The Company is pleased to announce that it has hired a mobile processing company to travel to Portland Oregon from Washington State to process last year’s hemp crop. The total amount to be processed is approximately 1,700 lbs of bio-mass and should take about 5 days to process. The anticipated the value of the crop is $250,000 USD.

Andy Jagpal, President Comments:

“This is a great day and milestone reached by our company. Not only have we completed on our LOI with Worm Casting, and planted a successful second crop for 2019, but we are in the midst of reporting revenue this year by processing last year’s crop. The estimated value is expected to be $250,000 USD and could be reported as early as the 4th quarter of 2019. To be reporting revenue only after a year of trading is quit the accomplishment for a junior company. Also, the relationship we have established with the mobile processing company will also be able to process this year’s harvest as well.”

Please visit the link below to view a video of the Oregon Hemp Farm:

About Mobile Processor
The extraction company has a mobile extraction laboratory and extractor to service the cannabis sector. The type of services which can be performed on these mobile platforms include: dehydration of plant material, cannabis grinding, solvent-based extraction and filtration, fractional distillation, and odor elimination.

About Bougainville Ventures, Inc.Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors 
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

• Signed definitive agreement that completed the acquisition of Worm Castings Transaction, management is pleased to announce that the 10 acre hemp farm is currently being planted. 
• The hemp farm in Oregon has a crew of 20 persons planting 28,000 plants and finalizing the laying of mulch and drip lines that will be completed by the end of the week.

VANCOUVER, British Columbia, June 25, 2019 – BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE: BOG) (8BV-FF:Frankfurt Stock Exchange) – Further to the Company’s news release dated May 23, 2019, announcing the signed definitive agreement that completed the acquisition of Worm Castings Transaction, management is pleased to announce that the 10 acre hemp farm is currently being planted. 

Worm Castings is the owner of a Oregon State Hemp production and processing license, issued by the Oregon State Regulatory approval board. The hemp farm in Oregon has a crew of 20 persons planting 28,000 plants and finalizing the laying of mulch and drip lines that will be completed by the end of the week. The genetics being used are premium high quality cloned hemp plants with 10-15% CBD and 0.3% THC resulting in maximized CBD oil content within each plant. In addition, all plants grown on the farm will be pesticide and chemical free with a proven top soil mix that will increase plant growth by 20%.

Worm Casting anticipates building its 5,000 sq. ft. facility with a full spectrum of extract equipment, for distillate and isolate as the key end ingredient. The processing plant is expected to be operational by fourth quarter of this year. The foundation for the drying facility has been built and management is in contact with all parties involved in setting up the drying and lab equipment.

Bougainville believes that Worm Castings state-of-the-art future facility combined with its experienced management team will grow its hemp business significantly in 2019. Management will be considering a name change from Worm Casting Farms Inc., to better reflects its hemp CBD processing facility. Also, subject to board approval the Company plans to invest up to USD$1,000,000 to expand the capacity of the infrastructure, and working capital.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e82548b-931e-44fb-8b68-8846f5e529f0

Andy Jagpal, President, Comments:
“This is an exciting time for our Company as we are almost done planting for our 2019 hemp season. Once the construction of our drying facility and processing plant is completed partnership with other local farmers can begin. By processing not only our crop but others as well, we can maximize profits and financial returns for our shareholders. Also, we have yet to process the 15,000lbs of un-dried hemp biomass from last year’s harvest, which has an estimated value of $300,000 USD once processed.”

About Bougainville Ventures, Inc.  
Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

More pictures of the planting process and construction of the processing facility can be viewed at:
http://bougainvilleinc.com/ 

On behalf of the Board of Directors 
BOUGAINVILLE VENTURES INC.

Andy Jagpal, CEO and Director

For further information, please contact Andy Jagpal at [email protected]. Please note that our Toll free number has changed to 1-877-517-7816.

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

Oregon Hemp Farm

• Signed a letter of intent (LOI) to provide funding and to acquire 100% of the assets and inventory of Island Biopharma Inc.
• Biopharma has developed a dedicated line of Cannabidiols products which a include proprietary CBD blended tincture product with three specific recipes for anxiety, energy and sleep.

VANCOUVER, British Columbia, June 11, 2019 — BOUGAINVILLE VENTURES INC. (“Bougainville” or the “Company”) (CSE:BOG) is pleased to announce that it has signed a letter of intent (LOI) to provide funding and to acquire 100% of the assets and inventory of Island Biopharma Inc.(Biopharma). Biopharma has developed a dedicated line of Cannabidiols (“CBD”) products which a include proprietary CBD blended tincture product with three specific recipes for anxiety, energy and sleep.

LOI Terms

Subject to Board approval from the Company and completion of satisfactory due diligence, the parties intend to enter into a definitive agreement on or before June 30, 2019. The Company will acquire 100% of Biopharma assets and current inventory. The consideration is to be payable in such number of common shares in its share capital (“Consideration Shares”) at a per share price equal to the volume weighted average price of such shares on the Canadian Securities Exchange over a 15-day period ending on the day such Consideration Shares are required to be issued (“15 day VWAP”). In addition, Biopharma will contribute operational expertise, exclusive licenses for products marketed in North America supported by an intellectual property licensing agreement, and exclusivity for all current and future technology for oil extraction in North America. The final evaluation will be determined by an independent third party evaluator, which is currently in progress.

Assets include:

• Proprietary Formulas for Anxiety, Energy and Sleep
• Lab Reports
• All Proprietary Information

About Island Biopharma Inc.

Biopharma possesses a CBD blended tincture product with three specific recipes for anxiety, energy and sleep. The philosophy of Biopharma is to create products using the highest quality of bio-active ingredients, and oil extraction methods that preserve the essence of the cannabis plant. Biopharma has studied plant genetics for their therapeutic effects by incorporating modern research techniques and by analyzing the healing and therapeutic benefits of each strain giving the company a huge range of combinations and therapeutic benefits for specific ailments.

According to an estimate from cannabis industry analysts the hemp-CBD market alone could hit $22 billion by 2022. CBD can be used to effectively treat epilepsy, anxiety, insomnia and chronic pain. The Island Biopharma CBD line is designed to harness the healing power of cannabis without the psychotropic effects of tetrahydrocannabinol (“THC”).

CEO, Andy Jagpal Comments: 
“This marks an exciting step forward for our brand’s expansion into multiple CBD products. The acquisition of Island Biopharma will contribute greatly to our future product lines. With the development of our CBD infused energy drink already in development this acquisition will complement our goal of producing high quality proven cannabaniod products. This is in-line with the anticipated launch of the Canadian cannabis legislation bringing about the legalization of the edible market slated for the fall of 2019”.  

WORMCASTING TRANSACTION FINANCING UPDATE

Further to the Form 45-102F1 Notice of Intention to Distribute Securities filed May 22, 2019 and associated news release dated May 24, 2019 the Company announces that management has sold a total of 1,000,000 shares of (BOG:CSE) with proceeds of $CAD100,000. These proceeds have been contributed towards the final outstanding payment of $USD120,000 owed to Worm Castings pursuant to Bougainville’s obligation under the Worm Castings Transaction announced in the Company’s news release dated May 23, 2019. Management continues to defer salaries as it has for the past two years to help conserve working capital to enable the company to reach its milestones.

About Bougainville Ventures, Inc.  
Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids (CBD & CBN) in both Canada and the United States. With our flagship Hemp project in Oregon State the Company has proprietary, patent-pending hemp root oil extraction technology and formulas for cannabis topicals and tinctures.

On behalf of the Board of Directors 
BOUGAINVILLE VENTURES INC.

Andy Jagpal, CEO and Director

For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420 

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release. Source: GlobeNewswire (June 11, 2019 – 3:00 AM EDT)

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