cdva_ex991

CORDOVACANN在俄勒冈州获得大麻生产许可证

安大略省多伦多，2020年11月23日-专注于大麻的消费品公司CordovaCann Corp.(CSE：CDVA)(OTCQB：LVRLF)(“Cordova”或 “公司”)今天宣布，Cordova的全资子公司Cannbilt Farm，LLC已从俄勒冈州获得大麻生产许可证。

许可证允许该公司在其于2019年6月21日购买的俄勒冈州克拉卡马斯县设施种植大麻。此设施占地6英亩，可容纳许可证允许的最大室内种植面积 10,000平方英尺。科尔多瓦收购了这张脸灵活性为1,045,000美元，并已投资了超过1,400,000美元的扩展资本来推进此设施。该公司预计到2021年夏季将在整个树冠下进行耕作。Cordova将利用该设施以前运营商建立的分销渠道，将继续扩大批发和零售关系，以增加产量。

除了种植设施，科尔多瓦目前正在完成14,000平方米的扩建工作。英国“金融时报”正在向俄勒冈州酒类控制委员会申请许可的场所内的提取和制造设施。一旦建成并获得许可，该工厂将允许该公司生产多种大麻衍生产品，供俄勒冈州各地消费。同时拥有种植和制造设施将优化运营，并为 Cordova带来更多收入和现金流，同时使公司能够在州建立品牌知名度。

Cordova董事长兼首席执行官Taz Turner先生评论说：“我们很高兴终于获得了我们在俄勒冈州的种植许可证使我们能够扩大在该市场的业务，同时让我们的投资者更好地了解Cordova在俄勒冈州可能实现的增长。团队为获得此许可证已勤奋工作了数月，我特别高兴的是，即使在持续流行的情况下，我们仍能够与监管机构合作推进我们的业务计划。我们已经显著扩展了该设施的种植能力随着我们的加工和制造大楼的建成并获得许可，我们将能够为俄勒冈州市场提供多种产品。“

关于CordovaCann Corp.

CordovaCann Corp.是一家在加拿大注册的公司，致力于在包括加拿大和美国在内的多个司法管辖区建立领先的多元化大麻产品业务。 Cordova主要为大麻行业的零售、加工和生产垂直市场提供服务和投资资本。

有关前瞻性信息的告诫

本新闻稿包含适用的加拿大证券法规的条款、有关公司的业务、运营和财务业绩以及状况的“前瞻性信息”。本新闻稿中的所有陈述( 除历史事实陈述外)均为适用的加拿大证券法所指的有关公司的“前瞻性信息”，包括与公司计划的业务活动和许可证的预期利益有关的陈述。通常，这种前瞻性的信息可以通过使用前瞻性的术语来识别，例如“计划”、“预期”、“预计”、“预算”、 “预定的”、“估计”、“预测”、“打算”、“预期”、 “相信”，或者此类词语的变体或类似语言，以及某些行动、事件或结果 “可能”、“可能”、“将”、“应该”的短语或陈述。“可能”或“将被采取”、 “发生”或“将实现”或其负面含义。前瞻性信息必然基于多个因素和假设，如果这些因素和假设不属实，可能导致公司的实际结果、业绩或成就与此类陈述明示或暗示的未来结果、业绩或成就大不相同。此类陈述和信息基于对当前和未来业务战略以及公司未来运营环境的大量假设，包括预期成本和实现业务目标和目标的能力。

Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking information including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's public filings on EDGAR and SEDAR. Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company provides forward-looking information for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by applicable law.

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