GlobeNewswire Inc | Dec 14, 2020 01:18PM EST

December 14, 2020

VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) -- AgraFlora Organics International Inc.(AgraFlora or the Company) (CSE:AGRA) (Frankfurt: PU31) (OTCPK: AGFAF) is pleased to announce that on December 11, 2020, the Company received a newly issued Standard Processing License (the Manufacturing License) from Health Canada for AgraFloras 51,000-Square-foot fully-automated edibles manufacturing facility in Winnipeg, Manitoba (the Edibles Facility).

James Fletcher, EIC Co-Founder and Operational Manager stated, "We are delighted to receive the Manufacturing License at our Edibles Facility within our outlined timeframe. Our strong evidence package submission is a testament to the hard-working team we have assembled. We are now able to commercialize our formulations and bring to market cannabis activated pectin and gelatin gummies, hard candy, and sugar-free variants.

The Company will continue to focus on completing long-term production relationships through the culmination of the recently announced (See press release dated August 27, 2020) Research and Development (R&D) trials through the Companys Health Canada R&D license.

About AgraFlora Organics International Inc.AgraFlora Organics International Inc. is a leading cannabis company building shareholder value through the development of revenue generating operating assets in the global cannabis industry. AgraFlora is focused primarily on the Canadian cannabis industry; the worlds most advanced and regulated legal cannabis market. Flagship Canadian assets include: Edibles & Infusions, a fully automated manufacturing facility in Winnipeg, MB for white-label and consumer branded edible production; Propagation Services Canada, a large-scale commercial greenhouse in Delta, BC focused on reshaping the Canadian flower market with high-potency, low cost cannabis flower; and AAA Heidelberg, a craft focused cannabis producer in London, ON. In addition, AgraFloras wholly owned subsidiary, Farmako GmbH, is scaling towards its goal of being Europes leading distributor of medical cannabis. Farmako currently has active distribution operations in Germany and expects to commence active operations in the United Kingdom in 2020. For more information please visit: https://agraflora.com/.

About Edibles and Infusions Corporation

Edibles and Infusions Corporation is a joint venture formed between AgraFlora and one of North Americas leading confectionary manufacturing families. The Joint Venture partner is one of Canadas oldest confectionary companies with over 100 years of active operations, and currently supplies confectionary and candy to over 20,000 locations throughout North America. Edibles and Infusions is constructing a purpose built, highly automated facility located in Winnipeg, MB. The facility employs state-of-the-art manufacturing equipment to produce pharmaceutical-grade quality cannabis edibles with a precise level of consistency for improved dosing accuracy, consistent consumer experiences and increased consumer safety. Edibles and Infusions is one of a small group of Canadian companies to successfully obtain a Research and Development License from Health Canada for edibles formulation testing and expects to commence fully-licensed manufacturing operations in 2020.

ON BEHALF OF THE BOARD OF DIRECTORSNicholas KonkinE: ir@agraflora.comT: (800) 783-6056

For French inquiries:

Maricom Inc.Remy Scalabrini

E: rs@maricom.caT: (888) 585-MARI

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-looking Information Cautionary StatementExcept for statements of historic fact this news release contains certain forward-looking information within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as plan expect project intend believe anticipate estimate and other similar words or statements that certain events or conditions may or will occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including but not limited to delays or uncertainties with regulatory approvals including that of the CSE. There are uncertainties inherent in forward-looking information including factors beyond the Companys control. There are no assurances that the business plans for AgraFlora Organics described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or managements estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Companys filings with Canadian securities regulators which are available at www.sedar.com.