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AFI Affinor Growers Inc

0.085
0.005 (6.25%)
Last Updated: 14:30:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Affinor Growers Inc CSE:AFI CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 6.25% 0.085 0.08 0.085 0.085 0.085 0.085 15,100 14:30:00

Affinor Signs Letter of Intent to Purchase 49% of a Legally Licensed Medical Marijuana Company in Washington State

28/05/2014 5:34pm

Marketwired Canada


Affinor Resources (CSE:AFI)(FRANKFURT:1AF)(PINKSHEETS:RSSFF) ("Affinor" or the
"Corporation) is excited to announce it's intention to acquire interest in Good
to Grow Medical Dispensary and grower located on the Olympic Peninsula in
Washington State.


Under the terms, Affinor will acquire 49% of Good To Grow company for cash
payment of USD 620,000 over 6 months following the signature of the Definitive
Agreement, subject to satisfactory completion of due diligence and regularity
approval. The acquisition will be in respect of the Washington State law. 


Nick Brusatore, Chairman of Affinor, comment: "This is an extremely exciting day
for Affinor. This is a huge deal that will definitely bring the company to a
much higher level".


The Port of Willapa Harbor in Raymond, Washington, became the first government
body in the state to establish a large scale marijuana growing operation legally
under section I-502. Initiative 502 is one of two marijuana-legalization
initiatives approved in the US which opens the door to legal investment in a
business that already generates well over $1 billion in sales every year. In
Washington State, I-502 has spawned an intricate taxation plan and a
"three-tier" market structure for production, processing and retailing. 


Raymond WA city officials say the legal marijuana growing operation is operating
to the letter of the law and within regulations. The new growing industry enjoys
significant public support and they are excited about the creation of many new
jobs.


Affinor is exploring ways to ensure consistent revenue streams for the potential
joint venture. This opportunity gives Affinor's trade, agricultural and drug
development experts the freedom to explore export markets globally. 


About Affinor Resources Inc.

Affinor is a diversified publicly traded company on the Canadian Securities
Exchange under the symbol ("AFI"). Affinor is focused on the Medical Marijuana
industry as well as becoming a producer of other cash crops such as Romaine
lettuce and Strawberries.


On Behalf of the Board of Directors

AFFINOR RESOURCES INC.

"Sebastien Plouffe", President & CEO

The CSE has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.


FORWARD LOOKING INFORMATION

This News Release contains forward-looking statements. The use of any of the
words "anticipate", "continue", "estimate", "expect", "may", "will", "project",
"should", "believe" and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the expectations
and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks including various risk factors discussed in the Company's disclosure
documents which can be found under the Company's profile on www.sedar.com. This
News Release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Contact Information
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorresources.com
http://www.affinorresources.com


Contact Information
Momentum PR Inc
Max Gagne, President
(514) 913-0351


Contact Information, spokesperson
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com

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