cdva_ex991

CORDOVACANN在俄勒岡州獲得大麻生產許可證

安大略省多倫多，2020年11月23日-專注於大麻的消費品公司CordovaCann Corp.(CSE：CDVA)(OTCQB：LVRLF)(“Cordova”或 “公司”)今天宣佈，Cordova的全資子公司Cannbilt Farm，LLC已從俄勒岡州獲得大麻生產許可證。

許可證允許該公司在其於2019年6月21日購買的俄勒岡州克拉卡馬斯縣設施種植大麻。此設施佔地6英畝，可容納許可證允許的最大室內種植面積 10,000平方英尺。科爾多瓦收購了這張臉靈活性為1,045,000美元，並已投資了超過1,400,000美元的擴展資本來推進此設施。該公司預計到2021年夏季將在整個樹冠下進行耕作。Cordova將利用該設施以前運營商建立的分銷渠道，將繼續擴大批發和零售關係，以增加產量。

除了種植設施，科爾多瓦目前正在完成14,000平方米的擴建工作。英國“金融時報”正在向俄勒岡州酒類控制委員會申請許可的場所內的提取和製造設施。一旦建成並獲得許可，該工廠將允許該公司生產多種大麻衍生產品，供俄勒岡州各地消費。同時擁有種植和製造設施將優化運營，併為 Cordova帶來更多收入和現金流，同時使公司能夠在州建立品牌知名度。

Cordova董事長兼首席執行官Taz Turner先生評論説：“我們很高興終於獲得了我們在俄勒岡州的種植許可證使我們能夠擴大在該市場的業務，同時讓我們的投資者更好地瞭解Cordova在俄勒岡州可能實現的增長。團隊為獲得此許可證已勤奮工作了數月，我特別高興的是，即使在持續流行的情況下，我們仍能夠與監管機構合作推進我們的業務計劃。我們已經顯著擴展了該設施的種植能力隨着我們的加工和製造大樓的建成並獲得許可，我們將能夠為俄勒岡州市場提供多種產品。“

關於CordovaCann Corp.

CordovaCann Corp.是一家在加拿大註冊的公司，致力於在包括加拿大和美國在內的多個司法管轄區建立領先的多元化大麻產品業務。 Cordova主要為大麻行業的零售、加工和生產垂直市場提供服務和投資資本。

有關前瞻性信息的告誡

本新聞稿包含適用的加拿大證券法規的條款、有關公司的業務、運營和財務業績以及狀況的“前瞻性信息”。本新聞稿中的所有陳述( 除歷史事實陳述外)均為適用的加拿大證券法所指的有關公司的“前瞻性信息”，包括與公司計劃的業務活動和許可證的預期利益有關的陳述。通常，這種前瞻性的信息可以通過使用前瞻性的術語來識別，例如“計劃”、“預期”、“預計”、“預算”、 “預定的”、“估計”、“預測”、“打算”、“預期”、 “相信”，或者此類詞語的變體或類似語言，以及某些行動、事件或結果 “可能”、“可能”、“將”、“應該”的短語或陳述。“可能”或“將被採取”、 “發生”或“將實現”或其負面含義。前瞻性信息必然基於多個因素和假設，如果這些因素和假設不屬實，可能導致公司的實際結果、業績或成就與此類陳述明示或暗示的未來結果、業績或成就大不相同。此類陳述和信息基於對當前和未來業務戰略以及公司未來運營環境的大量假設，包括預期成本和實現業務目標和目標的能力。

Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's public filings on EDGAR and SEDAR. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company provides forward-looking information for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by applicable law.

Chief Executive Officer