EDEN EMPIRE ANNOUNCES SIGNING OF LOI WITH FIRST FRANCHISEE FOR DISPENSARY IN MICHIGAN

VANCOUVER, BC, CANADA, February 22, 2022 /EINPresswire.com/ – Eden Empire Inc. (CSE: EDEN) (the “Company” or “Eden Empire” or “EDEN”) is pleased to announce that it has signed a Letter of Intent (the “LOI”) with Indigo Concentrates, LLC (the “Franchisee”) which is intended to bring the first EDEN franchised dispensary to the State of Michigan. 

Key Notes:

  • the Franchisee was a premier player in the medical marihuana caregiver program in the State of Michigan.
  • State of Michigan saw 43% growth in cannabis sales year-over-year from 2020 to 2021.
  • All EDEN Empire franchisees receive access to the Company’s supply agreements, proprietary tech stack, and invaluable industry experience.

“The intention of EDEN’s franchising opportunity is to give local stakeholders the ability to operate in their own communities and have access to the Company’s powerful brand and invaluable industry experience” President Kolten Taekema explained, “Signing this first LOI with Indigo Concentrates shows traction in the Michigan market with groups looking to utilize the unique street-style EDEN branding.”

To learn more about EDEN’s franchise opportunities, please reach out to [email protected]

This news release does not constitute an offer of securities for sale in the United States. The securities ‎being offered have not been, nor will they be, registered under the United States Securities Act of ‎‎1933, as amended, and such securities may not be offered or sold within the United States absent U.S. ‎registration or an applicable exemption from U.S. registration requirements.‎

For further information or should you have any questions, please feel free to email us at [email protected]

Kolt Taekema, President

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

About EDEN Empire

EDEN Empire is in the business of investments and operations in the cannabis sector and engaging in retail cannabis sales. EDEN Empire intends to expand its retail operations in Canada and to expand its business to cannabis cultivation, extraction and processing‎ and become a fully integrated cannabis product company in the United States. EDEN Empire intends to expand its franchised locations in the State of Michigan.

EDEN Empire has an award winning and established nationwide brand, including a substantial intellectual property portfolio, and a dedicated management team with extensive cannabis industry experience. Upon completion of EDEN Empire’s currently intended acquisitions, and approval to operate its retail locations, the Company is expected to have a significant retail cannabis footprint in Canada and Michigan. Retail cannabis operations are an emerging sector with significant cash flow potential. 

Cautionary Note Regarding Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include, but are not limited to,  the Company’s advancement with the Franchisee, the Company’s future operations of retail cannabis stores in the United States and Canada; the Company expanding its business to cannabis cultivation, extraction and processing and becoming a fully integrated cannabis company in the United States; the completion of the Company’s currently intended acquisitions; the receipt of all necessary licenses and approvals to operate the Company’s retail locations; and the proposed future transactions Eden may undertake and their expected timing.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Eden Empire to control or predict, that may cause Eden Empire’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: Eden Empire may not obtain the requisite regulatory approvals and may not begin operating cannabis retail or cultivation and processing operations; that the actual use of proceeds may differ from those currently stated; the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; currency fluctuations; regulatory restrictions and the possibility for changes in laws, rules, and regulations in the industry; liability, competition, loss of key employees and other related risks and uncertainties. Eden Empire does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.