Tickers: XTSE:SBG.H, XTSX:SBG.H, XTSX:GAIA
Vancouver, British Columbia - TheNewswire - August 20, 2019 - Gaia Grow Corp. (TSXV:GAIA) (the "Company") or "Gaia") is pleased to confirm that its current 1494 acre hemp crop is insured for the 2019 growing season.
Gaia's CEO Frederick Pels commented: "we can confirm that Gaia has crop insurance in place on the ~1494 acres of hemp planted in Rockyview County, Alberta. Rockyview is a region that can be affected by hail throughout the year so our management and board unanimously agreed that having the coverage to offset all expenses in the 2019 outdoor cultivation season was not only an important cornerstone of financial prudence and risk management for any given year, but of paramount importance for our start-up harvest."
In addition to the insurance, the Company has updated the www.GaiaGrow.com website to better reflect the progress that has made since the spring:
- In preparation for upcoming marketing efforts this fall, an updated corporate presentation has been posted (link here: https://gaiagrow.com/investors/) that will help current and prospective investors have a clearer understanding of what we've achieved to date and where we're growing in the near future.
We have posted a Photo Gallery of the current hemp crop so that everyone can track progress to date; this will be expanded and updated from time to time and we encourage all shareholders and investors alike to continue to check our website on a weekly basis.
"We're very excited about these changes and we look forward to using and updating our website, as well as our social media channels to share our growth and progress with the market" says Frederick Pels. "We will continue to execute on our business plan and ensure all interested parties are updated as further milestones are achieved."
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY AND FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the hemp industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.
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