Greenway Exceeds 20,000 KG in Cannabis Sales

KINGSVILLE, ON, Feb. 5, 2024 /CNW/ – Greenway Greenhouse Cannabis Corporation GWAY, GWAYF (“Greenway” or the “Company”), a cultivator of high-quality greenhouse cannabis for the Canadian market, is pleased to announce that it has surpassed 20,000 KG of product sold since its inception.   

This achievement underscores Greenway’s dedication to quality, innovation, and strategic growth under the leadership of CEO Jamie D’Alimonte and President Carl Mastronardi.

Greenway’s notable achievement is more than a reflection of past successes; it serves as evidence of the company’s forward-thinking strategy and dedication to fostering positive change in the cannabis industry.  CEO Jamie D’Alimonte conveyed his appreciation and expressed excitement about the company’s upcoming initiatives.

“We are thrilled to achieve this noteworthy milestone in our journey. The successful sale of 20,000 kilograms of cannabis biomass speaks to the dedication of our team and the trust our clients have bestowed upon Greenway.  As we commemorate this accomplishment, we view it as just the initial step in what Greenway aspires to accomplish in the dynamic cannabis industry,” said D’Alimonte.

President Carl Mastronardi echoes this sentiment, stating, “Our achievement in reaching this milestone clearly signifies our dedication to excellence. Yet, we acknowledge that surpassing this milestone is merely a step towards our broader vision. Greenway is positioned for our next phase, encompassing the introduction of our own consumer products and our proactive readiness for the sustained expansion of the industry.”

Greenway is poised to broaden its business strategy, transitioning from exclusively operating as a business-to-business wholesaler to unveiling a range of consumer products that resonate with the company’s principles of quality and affordability.

Greenway will be delivering its first brand, MillRite, to the Ontario Cannabis Store this fiscal quarter, achieving another milestone on its pathway to true profitability.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.

Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in Kingsville, Ontario, and leverages its agriculture and cannabis expertise in its aspiration to be a leading cannabis cultivator in Canada. More information can be found on Greenway.ca and updates can be followed on Instagram, Twitter, Facebook, and LinkedIn.

The CSE has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

This news release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding the Offering and the intended use of proceeds thereof, and the Company’s beliefs, plans, expectations, future, strategy, objectives, goals and targets, the development of future operations, and orientations regarding the future as of the date of this news release. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward- looking statements are typically identified by words such as: “believes”, “expects”, “aim”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.

Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, and includes those risks described in the Company’s final prospectus dated September 3, 2021, a copy of which is available under the Company’s profile at www.sedarplus.ca. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements.

SOURCE Greenway Greenhouse Cannabis Corporation