ENTERS INTO A COLLABORATION AGREEMENT WITH A SPANISH SEED COMPANY
Benchmark Botanics Inc. (BBT.V) has entered into an agreement with Green BCN Corp. (also known as BBG Projects), based in Barcelona, Spain, for the development and production of new strains of cannabis plant varieties and their propagating material for sale and distribution by Potanicals Green Growers Inc., 100 per cent owned by Benchmark Botanics Inc., in Canadian and global markets.
Since 2002, BBG Projects, who possesses expertise in the feminized technology to produce cannabis seeds, has been a leading innovator of seed genetics. BBG Projects is active in the fields of agriculture and seed cultivation in the country of Spain, with product sales in global markets.
"We are delighted to be working with BBG Projects. With over 15 years' of collective knowledge in the development and distribution of cannabis seeds, they are broadly recognized as industry leaders in seed cultivation," said William Ying, CEO of Benchmark Botanics Inc.. "As legalization of cannabis has become a reality in Canada, so has the demand for seed genetics. The BBG Projects' seeding knowhow and portfolios will prove to be a very valuable advantage to Benchmark Botanics Inc. and its shareholders."
Sergio Martinez, CEO of BBG Projects indicated: "We desire to partner with Benchmark Botanics Inc. because of their network and organization in Canada and the global cannabis industry. We are confident that Benchmark has the best platform to capitalize on the potential of the genetic products we proudly supply."
BBG Projects agrees to deploy its proprietary techniques and know-how for cannabis seed cultivation, cloning and strain development at Benchmark's R&D facility in Peachland, B.C.. BBG Projects also agrees to give Benchmark rights in Canada to produce and/or distribute cannabis seeds under the BBG/Benchmark collaboration agreement. BBG Projects will list Benchmark Botanics Inc. as an official distributor of products in Canada.
About Benchmark Botanics Inc.
Benchmark is a publicly traded company based in Vancouver, British Columbia that is positioned to provide financing, partnership and acquisition opportunities to licensed producers and ancillary businesses within the global cannabis industry. In November 2017, the Company acquired its first subsidiary, Potanicals GreenGrowers Inc. Potanicals possesses a Health Canada license to cultivate and sell cannabis as an Access to Cannabis for Medical Purposes (ACMPR) Licensed Producer. In its first phase of operations, Potanicals is currently cultivating in its 12,700 square foot PHASE I indoor production facility. Benchmark is pursuing additional sites to retrofit for large scale cultivation expansion.