2022-05-31 | CSE: GWAY | Press release


KINGSVILLE, ON, May 31, 2022 /CNW/ – Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (“Greenway Greenhouse” or the “Company”) is pleased to release an update on the 125,000 sq.2 of grow space, as well as a general update on what happened throughout the month of May 2022.

Greenway Greenhouse is pleased to announce the completion of the demolition phase of its previously announced expansion. This critical phase has been completed ahead of schedule and Greenways management is confident that it will meet its original deadline of Q1 2023 for the new grow space to become operational.

“We are delighted with the progress made to date,” said Jamie D’Alimonte, President and CEO of Greenway Greenhouse. “We are on schedule and on budget so far, and we will be hyper vigilant to ensure the new space is delivered with the best possible value for Greenway and its shareholders.”

News from last month

Greenway Greenhouse, through a number of different retail partnerships, has seen the launch of 7 new Storage Units (“SKUs”) in the Ontario Cannabis Store (“OCS”) that contain Greenway Greenhouse Biomass. These SKUs include full flower, pre-roll, and vape cartridges.

Greenway Greenhouse cannabis can be found in Melt’s Holy Mole Kush, Legend’s Blackberry Gelato, Haven Street’s Lemon Pound Cake, and Wildlife’s Blackberry Gelato Pre-Rolls.

On May 11, 2022 Greenway Greenhouse has announced a partnership with North 40, another cannabis grower located in Nipawin, Sask., to have two of its strains listed for purchase among its medical patients. The two strains are Captain Kush and Blackberry Gelato.

“Greenway Greenhouse provides a high quality product that has impressed me in many ways. As we welcome more patients, I am confident that we can meet their needs in terms of quality, quantity and value.” Said Gord NicholFounder and Master Cultivator.

On May 2, 2022 Greenway Greenhouse announced that warrants resulting from a private placement announced on November 23, 2021 started trading on May 2, 2022. These warrants began trading on the Canadian Securities Exchange (“CSE”) under the name “GWAY.WT”. Each warrant is exercisable for one common share at a price of $1.65 until September 232022.

Jawad Skieneh, Master Grower of Greenway Greenhouse, participated in the panel “Production & Profitability: How to Master Supply, Demand and Business Growth in a Quick Changing Market” during the Lift & Co. Expo conference. Mr. Skieneh explained how Greenway positioned himself correctly in the industry as a right-sized grower who was able to learn from early industry struggles and positioned himself for the next stage of profitable cannabis companies.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of United States nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities law and may not be offered or sold in United States unless registered under the 1933 Act and any applicable securities laws of any state of United States or an applicable exemption from the registration requirements is available.

Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis market. Greenway is headquartered in Kingville, ONand leverages his expertise in agriculture and cannabis in his aspiration to be a leading cannabis grower in Canada. More information can be found at Greenway.ca and updates can be followed at instagram, Twitter, Facebookand LinkedIn.

The CSE has in no way conveyed the merits of the Company’s business and has neither approved nor disapproved of the contents of this press release and accepts no responsibility for its adequacy or accuracy. .

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements in this press release that are not statements of purely historical facts are forward-looking statements and include statements regarding the Offering and the intended use of proceeds thereof, as well as the beliefs, plans , expectations, future, strategy, objectives, goals and objectives, development of future operations and directions regarding the future as of the date of this press release. Although the Company believes that these statements are reasonable and reflect expectations of future developments and other factors that management believes are reasonable and relevant, the Company cannot guarantee that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “believes”, “expects”, “aims”, “anticipates”, “intends”, “estimates”, “plans”, “may” , “should”, “would”, “will”, “potential”, “expected” or variations of such words and similar phrases and expressions, which by their nature refer to future events or results which may, could, could or will occur or be taken or achieved.

Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied. by forward-looking statements, and includes the risks described in the Company’s final prospectus dated September 3, 2021a copy of which is available under the Company’s profile at www.sedar.com. Forward-looking statements are made as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statements or to update the reasons why actual results may differ from those projected in these forward-looking statements. – look at the statements.

SOURCE Greenway Greenhouse Cannabis Corporation

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Luisa D. Fuller