Westleaf to Combine with We Grow BC, Ultra Premium Cannabis Producer of Qwest Branded Products

Transaction is expected to enable We Grow’s Qwest brand to rapidly expand and reach a broad consumer audience through Westleaf production facilities and retail assets Support from ATB Financial financing and insider-led equity financing CALGARY, Nov. 7, 2019 /CNW/ – Westleaf Inc. (the “Company” or “Westleaf“) (TSX-V: WL) (OTCQB: WSLFF) is pleased to announce that it has entered into a definitive arrangement agreement (“Arrangement Agreement“) to combine with We Grow BC Ltd. (“We Grow“), a leading indoor cannabis producer located in Creston, British Columbia (the “Transaction“). We Grow brings an ultra-premium cannabis brand, Qwest (“Qwest“), which achieves some of the highest realized pricing in the Canadian adult-use markets(1). The combination of We Grow’s Qwest brand with Westleaf’s high quality production and retail assets, creates a combined company which is expected to be one of Canada’s preeminent craft-at-scale cultivators, manufacturers, and retailers of ultra-premium cannabis products. “This transaction brings together a known brand with revenue and EBITDA to complement some of Canada’s most premier indoor cultivation and extraction facilities. Together, we will be able to aggressively expand a trusted brand, increase market share, drive revenue and EBITDA growth and become an extremely competitive company in Canada and beyond” said Scott Hurd, President…

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