OTTAWA, ONTARIO -- (Marketwired) -- 06/20/16 -- GrowPros Cannabis Ventures Inc. ("GrowPros" or the "Company") (CSE: GCI) is pleased to announce that it is implementing an online marketing and awareness program through AGORACOM.
GrowPros will significantly expand its exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page, and the AGORACOM Twitter account will serve to significantly raise the brand awareness of the Company among small cap investors.
Ryan Brown, Chief Executive Officer commented: "AGORACOM has proven to be a leader in the online marketing space. We are delighted to have retained their services to expand our online presence."
Shares for Services Program
GrowPros intends to issue shares for services to AGORACOM in exchange for the online advertising, marketing, and branding services ("Advertising Services"). Pursuant to the terms of the agreement, the Company will be issuing:
-- $CDN 44,000 + HST
-- $10,000 + HST Shares for services June 20, 2016
-- $10,000 + HST Shares For Advertising Services at end of Third Month
September 20, 2016
-- $10,000 + HST Shares For Advertising Services at end of Sixth Month
December 20, 2016
-- $10,000 + HST Shares For Advertising Services at end of Ninth Month
March 20, 2017
-- $4,000 + HST Shares For Advertising Services at end of Twelfth Month
June 20, 2017
The number of shares to be issued at the end of each period will be determined by using the closing price of the Shares of GrowPros on the Canadian Securities Exchange on the first trading day following each period for which the Advertising Services were provided by AGORACOM.
The agreement/arrangement is subject to exchange approval.
The term of the Agreement is for 12 months effective immediately. GrowPros will issue a press release after the issuance of shares under the terms of the agreement.
About AGORACOM
AGORACOM is the pioneer of online investor relations, online conferences, and online branding services to North American small and mid-cap public companies, with more than 250 companies served. More than just lip service, AGORACOM is the home of more than 808K investors that visited 5.6 million times and read 52.4 million pages of information every year (Average 2008 - 2015).
AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion as a result of implementing the first ever Investor Controlled Stock Discussion Forums.
AGORACOM Founder, George Tsiolis, publishes the leading blog on small to mid-cap investor relations. His 50 Small-Cap CEO Lessons are a must read for CEO's looking to increase their education and knowledge about online investor relations.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a licence for the production of medical marijuana; failure to obtain sufficient financing to execute the Company's business plan; competition; regulation and anticipated and unanticipated costs and delays, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Contacts:
GrowPros Cannabis Ventures Inc.
Ryan Brown
Chief Executive Officer
(613) 421-8402
