Market Overview

Cannabis Growth Opportunity Corporation Announces Marketed Offering of Units



TORONTO, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Cannabis Growth Opportunity Corporation (the "Corporation" or "CGOC") (CSE:CGOC) announced today that is has filed a preliminary short form prospectus (the "Prospectus") in connection with a "best efforts" marketed offering (the "Offering") of units of the Corporation (the "Units"). Each Unit consists of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant") in the capital of the Corporation. Each Warrant will expire on January 26, 2020 and has a strike price of $2.50 per Common Share.  Eight Capital and Canaccord Genuity Corp. will act as co-lead agents for the Offering.

The Units will be offered by way of the Prospectus which has been filed in all of the provinces and territories of Canada, excluding Québec, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions. The Prospectus contains important information relating to the Offering and is still subject to completion or amendment. For more information, potential investors should read the Prospectus which is available on SEDAR at There will not be any sale or any acceptance of an offer to buy the Units until a receipt for the final short form prospectus has been issued.

The Corporation intends to use the net proceeds of the Offering to purchase portfolio securities in accordance with the Corporation's investment strategy, and for working capital purposes.

The Offering will be priced in the context of the market with the final terms of the Offering to be determined at the time of pricing. Closing of the Offering will be subject to customary closing conditions including, without limitation, receipt of all regulatory and stock exchange approvals.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer or sale would be unlawful. The Units, Common Shares and Warrants, as well as the Common Shares issuable upon exercise of the Warrants, have not been and will not be registered under the U.S. Securities Act, or any securities or "blue sky" laws of any of the states of the United States. Accordingly, such securities may not be offered or sold within the United States except in accordance with an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Cannabis Growth Opportunity Corporation.

CGOC is a unique investment corporation incorporated under the laws of Canada. CGOC's investment objectives are to provide holders of common shares long-term total return through capital appreciation by investing in an actively managed portfolio of securities of public and private companies operating in, or that derive a portion of their revenue or earnings from, products or services related to the cannabis industry.

Forward-Looking Information and Statements

Certain statements in this press release contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable securities laws including, but not limited to, statements about: the completion of the proposed Offering, the expected use of proceeds from the Offering, the receipt of regulatory and other required approvals for the Offering, expectations regarding trading on the CSE, and similar statements concerning anticipated future events, results, circumstances, performance or expectations, that reflect management's current expectations and are based on information currently available to management of CGOC.

Forward-Looking Statements are based on a number of expectations or assumptions which have been used to develop such statements and information but which may prove to be incorrect. Although management believes the expectations and assumptions reflected in such Forward-Looking Statements are reasonable, undue reliance should not be placed on Forward-Looking Statements because management can give no assurance that such expectations and assumptions will prove to be correct. The Forward-Looking Statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors, which may cause actual results or events to differ materially from those anticipated in such Forward-Looking Statements, including, but not limited to, a failure to obtain necessary regulatory and other third party approvals and CGOC's inability to complete the Offering. The foregoing factors are not exhaustive. Additional information on other factors that could affect the operations or financial results of CGOC are included in the Prospectus filed with applicable securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the Forward-Looking Statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the Forward Looking Statements contained in this news release.

The Forward-Looking Statements contained in this news release speak only as of the date of this news release, and CGOC does not assume any obligation to publicly update or revise any of the included Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

For further information: Jamie Blundell, President and Chief Operating Officer, Cannabis Growth Opportunity Corporation, 647-946-2205,

Source: Cannabis Growth Opportunity Corporation


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