Greenway Greenhouse Cannabis Files Preliminary Prospectus

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/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

KINGSVILLE, ON, June 14, 2021 /CNW/ - Greenway Greenhouse Cannabis Corporation ("Greenway" or the "Company") is pleased to announce the filing of a non-offering preliminary prospectus (the "Preliminary Prospectus") and submission of an initial application for listing on the Canadian Securities Exchange ("CSE").

Greenway Greenhouse Cannabis Files Preliminary Prospectus (CNW Group/Greenway Greenhouse Cannabis Corporation)
Greenway Greenhouse Cannabis Files Preliminary Prospectus (CNW Group/Greenway Greenhouse Cannabis Corporation)

Greenway produces high quality greenhouse cannabis through lean, high-margin cultivation methods for the Canadian market, and is majority owned by Sunrite Greenhouses Ltd., an established cultivator of greenhouse grown produce within the Del Fresco Group of companies. Greenway currently operates in a hybrid greenhouse, located in Leamington, Ontario, and in an indoor nursery, located in Kingsville, Ontario.

"Greenway represents the next step in a lifetime of agricultural experience and innovation. The Del Fresco Group of companies have been bringing fresh produce to consumers across North America for years and we're excited to leverage our greenhouse expertise with this legal crop of cannabis," says Jamie D'Alimonte, CEO and Co-Chair of Greenway. "Combined with some of the most skilled cannabis specialists in the field, Greenway is prepared to bring quality greenhouse cannabis to the Canadian market."

About Greenway

Greenway Greenhouse Cannabis Corporation ("Greenway") is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in Kingsville, Ontario, and leverages its agriculture and cannabis expertise in its aspiration to be a leading cannabis cultivator in Canada. Updates can be followed on Instagram, Twitter, Facebook, and LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, the development of future operations, listing on the CSE, and orientations regarding the future as of the date of this news release. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.

Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, and includes those risks described in the Preliminary Prospectus, a copy of which is available under the Company's profile at www.sedar.com. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The CSE has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

SOURCE Greenway Greenhouse Cannabis Corporation

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