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New Age Farm (CSE:NF) Grants Stock Options

Discussion in 'Canadian Stocks' started by mickymoose99, Nov 18, 2014.

  1. mickymoose99

    mickymoose99 Member

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    New Age Farm (CSE:NF) Grants Stock Options

    Vancouver, BC / ACCESSWIRE / November 17, 2014 / New Age Farm Inc. (CSE:NF) ("New Age" or the "Company") announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain consultants of the Company to purchase up to an aggregate of 1,400,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.08 per share, and will expire on November 17, 2019. The Company cancelled 1,400,000 options previously issued to directors of the Company.



    About New Age

    Through its wholly-owned subsidiary, NHS Industries Ltd. ("NHS"), New Age owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 ft2 greenhouse facility, capable of growing 2.4 million 4" potted plants annually.NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. The facility is located minutes from three major Canada - USA border crossings and direct routes to the lower mainland west and to all points east and west along 16thAve to Hwy 99 and to Hwy 1 make its location in South Langley an ideal hub. NHS intends to become a beta site for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all its on-site operations. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste. For further information about New Age, please consult the Company's profile on SEDAR at www.sedar.com or its Listing Statement available at the Canadian Securities Exchange website at www.theCSE.com
     
  2. mickymoose99

    mickymoose99 Member

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    New Age Farm Inc. (CSE:NF) Signs Second Tenant Lease in Washington State

    New Age Farm Inc. (CSE:NF) Signs Second Tenant Lease in Washington State

    New Age Farm Inc. (CSE:NF) (“New Age Farm” or the “Company”) is pleased to announce that it has signed a second lease agreement with a private Washington State Tier Three licensee (the “Tenant”). The Tenant will lease up to 21,000 square feet of I-502-compliant space from New Age Farm Washington LLC.

    Carman Parente, President of New Age Farm commented, “With the addition of this second tenant lease for the Washington Property, our business model is now well underway. We will continue to execute on our land banking and specialty property development plans to serve the needs of tenant-growers in the US and Canada. In the US market, we are closer to two important goals: our “Green Campus” business model and revenue generation.”

    Tenant occupancy is anticipated in the second half of 2015, following completion of certain building and property improvements and is subject to New Age closing escrow on the property (see News Release dated November 5, 2014).

    About the Washington I-502 Marijuana Market
    In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502) pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 – $1.5 Billion USD in annual sales.

    About New Age Farm
    New Age Farm has two wholly-owned subsidiaries, the first in British Columbia, Canada and its second in Washington State, USA. Its US subsidiary, New Age Farm Washington LLC (“New Age Farm WA”), has entered into escrow for the purchase of a 2.69 acre property permitted for both agricultural and light industrial processing uses; the site contains two buildings totaling 6700 ft2. The site is suitable for expansion, with ample room for the construction of additional buildings. New Age Farm WA has one lease in place with a with a private Washington State Tier Three licensee with expected tenant occupancy in early 2015.


    Through its Canadian subsidiary, NHS Industries Ltd. (“NHS”), New Age Farm owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 ft2 greenhouse facility, capable of growing 2.4 million 4” potted plants annually. NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste.


    Both campuses are located minutes from major Canada – USA border crossings. New Age Farm intends to lead the creation of beta sites for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all on-site operations. For further information about New Age Farm, please consult the Company’s profile on SEDAR at www.sedar.com or its Listing Statement available at the Canadian Securities Exchange website at www.theCSE.com or visit the Company’s website at www.newagefarminc.com.

    ON BEHALF OF THE BOARD OF DIRECTORS
    Carman Parente
    President and Chief Executive Officer


    For further information go to our website www.newagefarminc.com

    or contact Mr. Richard Cindric @ (604) 719-1796
     
  3. mickymoose99

    mickymoose99 Member

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    New Age Farm (CSE:NF) Closes Escrow on WA State Property

    New Age Farm (CSE:NF) Closes Escrow on WA State Property

    March 10, 2015 - Vancouver, BC: New Age Farm Inc. (CSE:NF) (www.newagefarminc.com) ("New Age Farm" or the "Company") is pleased to announce it has closed escrow on the purchase of the 2.69 acre parcel of land in Whatcom County, Washington State for a total purchase price of US$289,000 (the "Washington Property") as described in the Company’s news release dated November 5, 2014 (available on SEDAR). The acquisition of the Washington Property will allow the Company to move forward with its plans to build turnkey facilities for the two tenant-growers who have signed leases with New Age Farm (see News Releases dated December 15, 2014 and February 20, 2015).

    Carman Parente, President of New Age Farm stated, "Closing escrow on the Washington Property is a significant milestone for the Company as we grow our agricultural land bank. Now that we have possession of the Washington Property, we can start the build-out of our Green Campus and provide our tenants with access to state-of-the-art growing facilities."

    The Company also announces that it has entered into a second mortgage agreement on its Langley, BC property (the "Mortgage") in the amount of CAD$400,000 from a private lender (the "Lender"). The principal amount of the Mortgage is $400,000 and bears interest at the rate of 15% per year with a term of one year. Proceeds of the Mortgage will be used toward closing costs on the Washington Property and for general working capital purposes. The Company may pre-pay the Mortgage on payment of a three month interest penalty. In connection with the Mortgage, the Company has issued 1,000,000 common shares to the Lender. In accordance with applicable securities laws, the common shares will be subject to a four month and one day hold period.

    About New Age Farm

    Through its wholly-owned subsidiary, NHS Industries Ltd. ("NHS"), New Age owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 ft2 greenhouse facility, capable of growing 2.4 million 4" potted plants annually. NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. The facility is located minutes from three major Canada – USA border crossings and direct routes to the lower mainland west and to all points east and west along 16th Ave to Hwy 99 and to Hwy 1 make its location in South Langley an ideal hub. NHS intends to become a beta site for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all its on-site operations. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste.

    Through its Washington State subsidiary, New Age Farm owns a second property that is located in Sumas, WA, where it intends to offer fully built out turnkey service operations to licensed I-502 tenant-growers who will lease the facilities for production and processing. With two leases already in place, operations in Washington State are expected to begin in the second half of 2015.

    About the Washington I-502 Marijuana Market

    In November 2012, the Washington State Liquor Control Board ("WSLCB") passed Initiative 502 ("I-502") pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 - $1.5 Billion USD in annual sales.
     
  4. mickymoose99

    mickymoose99 Member

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    New Age Farm (CSE:NF) Closes Private Placement

    New Age Farm (CSE:NF) Closes Private Placement










    VANCOUVER, BC / ACCESSWIRE / March 16, 2015 / Vancouver, BC: New Age Farm Inc. (CSE:NF) (www.newagefarminc.com) ("New Age" or the "Company") is pleased to announce that it has raised an aggregate of CAD$460,000 in connection with the private placement financing announced on October 14, 2014 (the "Financing"). A total of 4.6 million common shares were issued at a price of $0.10 per share. The proceeds of the Financing will be used for general working capital purposes. All securities issued pursuant to this Financing will be subject to a 4-month and one day hold period from the date of closing.

    About New Age Farm

    Through its wholly-owned subsidiary, NHS Industries Ltd. ("NHS"), New Age owns a five and a half acre greenhouse facility in the lower mainland of BC with a 48,000 ft(2) greenhouse facility, capable of growing 2.4 million 4" potted plants annually. NHS is in the process of formulating innovative proposals for small scale agricultural facilities for exploring multiple avenues for cash flow processes. The facility is located minutes from three major Canada - USA border crossings and direct routes to the lower mainland west and to all points east and west along 16th Ave to Hwy 99 and to Hwy 1 make its location in South Langley an ideal hub. NHS intends to become a beta site for sustainable growing capabilities as well as minimizing all carbon footprints with regard to all its on-site operations. This facility will meet a growing demand in the Metro Vancouver and Fraser Valley areas to help smaller growers become more efficient, more productive, implement value added product lines, and reduce waste.

    Through its Washington State subsidiary, New Age Farm owns a second property that is located in Sumas, WA, where it intends to offer fully built out turnkey service operations to tenant-growers who will lease the facilities for production and processing. With two leases already in place, operations in Washington State are expected to begin in the second half of 2015.

    For further information about New Age Farm, please consult the Company's profile on SEDAR at www.sedar.com.

    On Behalf Of The Board Of Directors

    Carman Parente
    President and Chief Executive Officer
    For further information, please contact:
    Investor Relations
    Richard Cindric
    604-719-1796604-719-1796
    WWW.NEWAGEFARMINC.COM
     
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