Affinor Growers Ink Deal with Herbal Analytics for Quality Control of Cannabis Products

Today, Medical Cannabis Grower Affinor Growers announced that it has signed an agreement with Herbal Analytics, a Washington State testing laboratory, to provide quality control for cannabis products.

Herbal Analytics has the staff, instrumentation and procedures necessary to comply with the scope of tests that Washington State requires for SI502 quality control of Cannabis and associated derivatives. The laboratory has extensive herbal product industry experience with an edge, using the most efficient and innovative analytical platforms for quick and accurate results. Herbal Analytics chemical tests have been legitimized and proven, based on Bio Analytical Method Validation for accuracy and precision.

The laboratory brings a variety of services to Affinor Growers, providing critical data on which to base informed business decisions. Herbal Analytics’ background in Botanical Medicine puts them first in the industry for guided intelligence in product development for specific plant chemotypes and standardization for efficacy.

Under the terms of the agreement, Affinor Growers made a cash payment to Herbal Analytics of $150,000, $150,000 in a repayable loan over a maximum of four years and issued 949,612 of Affinor common shares at $0.516 per share for 49 percent. The funding will be used to build the laboratories to meet the demand and handling the volume necessary of SI-502 and medical clients in Washington States, including but not limited to, the equipment, employee salaries, marketing, sales and regular business needs.

“This relationship is another demonstration of Affinor’s commitment to become the ultimate grower and supplier of high quality cannabis products in Washington State and the expanding legalized states and countries. This is a profitable business and Affinor is thrilled to have a 49% participation in the profit of Herbal Analytics,” said Sebastien Plouffe, President and CEO, Affinor Growers.

Source: Affinor Growers Inc.

Last updated: 9/9/14; 3:45pm EST