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AgraFlora Organics Reports 2019 German Medical Cannabis Distribution Gross Profits of 47%

Press Release

Vancouver British Columbia / January 14th 2020 – AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) a growth oriented and diversified international cannabis company is pleased to report the following unaudited 2019 revenues and profit margin of its wholly-owned German subsidiary Farmako GmbH (“Farmako”). On January 3 2020 AgraFlora announced the Company closed its previously announced acquisition of The Good Company GmbH (the “Good Company”). The Good Company is the parent company of German EU-GDP medical cannabis distributor Farmako.

Farmako which started its German wholesale operations with first revenues in March 2019 reported gross revenues of $3067668 for the year ended January 1 2019 to December 31 2019 including gross margin of 47 per-cent for cumulative gross profits of $1438259 during the year.

Farmako is a leading European medical cannabis distributor headquartered in Frankfurt Germany with affiliated companies in the United Kingdom Luxembourg and Denmark. Farmako’s German distribution network extends over circa 20000 pharmacies and comprises an aggregate patient population of over 100000 unique individuals.

About AgraFlora Organics International Inc.

AgraFlora Organics International Inc. is a growth oriented and diversified company focused on the international cannabis industry. It owns an indoor cultivation operation in London ON and is a joint venture partner in Propagation Service Canada and its large-scale 2200000 sq. ft. greenhouse complex in Delta BC. The Company has a successful record of creating shareholder value and is actively pursuing other opportunities within the cannabis industry. For more information please visit: www.agraflora.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Brandon Boddy
Chairman & CEO
T: (604) 682-2928
For additional information:

AgraFlora Organics International Inc.

Tim McNulty
E: [email protected]
T: (800) 783-6056
For French inquiries:

Remy Scalabrini Maricom Inc.
E: [email protected]
T: (888) 585-MARI

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