CordovaCann (CSE:CDVA / OTCQB:LVRLF) Opens 9th Star Buds Cannabis Co. Store

Rhea-AI Summary

CordovaCann Corp. has opened its 9th Star Buds Cannabis Co. store in Angus, Ontario, expanding its retail presence in Canada. This store, operated by Cordova's subsidiary, started accepting walk-ins and online orders on August 27, 2021, with a grand opening planned for August 31. The company anticipates further store openings soon, contributing positively to its revenue and cash flow. CEO Taz Turner expressed optimism about the brand's growth and performance, indicating August could be a record month for the chain.

Positive

• Opening of 9th Star Buds Cannabis Co. store enhances retail footprint.
• Anticipation of additional stores, expected to boost revenue and cash flow.
• Recent openings performing well, with August projected as a record month.

Negative

• None.

Star Buds Cannabis Co. Store in Angus is the 6^th Store to Open in Ontario

TORONTO, ON / ACCESSWIRE / August 27, 2021 / CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) ("Cordova" or the "Company"), a cannabis-focused consumer products company, is pleased to announce the opening of its ninth Star Buds Cannabis Co. branded cannabis retail store in Canada after receiving confirmation from the Alcohol and Gaming Commission of Ontario. This store is located at 285 Mill Street in the city of Angus, and is operated by Cordova's subsidiary, 2734158 Ontario Inc. This Star Buds Cannabis Co. store will open to walk-in customers today and will also begin processing online orders for in-store pickup from customers that are made through its website www.starbuds.co. The official grand opening of the store is scheduled for Tuesday, August 31, 2021.

Cordova is accelerating the pace of its store openings and should open additional Star Buds Cannabis Co. retail stores across Canada in the coming weeks. Recently opened stores are performing well, and August is on track to be another record month for the Star Buds Cannabis Co. retail chain.

"We are excited to be opening stores at a quicker pace as we continue to build the Star Buds Cannabis Co. brand throughout Canada," stated Taz Turner, Chairman and CEO of Cordova. "These additional stores will add materially to the revenue and cash flow of the company in the coming quarters."

About CordovaCann Corp.

CordovaCann Corp. is a Canadian-domiciled company focused on building a leading, diversified cannabis products business across multiple jurisdictions including Canada and the United States. Cordova primarily provides services and investment capital to the retail, processing and production vertical markets of the cannabis industry.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of the Company. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable Canadian securities laws, including statements with respect to the Company's planned business activities, the anticipated benefits of the opening of the store and the prospect of opening additional retail stores. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking information is necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including anticipated costs and ability to achieve business objectives and goals.

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

Company Contact:

Taz Turner
Chief Executive Officer
taz@cordovacann.com
(917) 843-2169

SOURCE: CordovaCann Corp.

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FAQ

What is the significance of CordovaCann opening its 9th store in Angus?

The opening marks a significant expansion of CordovaCann's retail operations in Canada, aiming to increase revenue and brand presence.

When did CordovaCann open the Star Buds Cannabis Co. store in Angus?

The store officially opened on August 27, 2021, with a grand opening event scheduled for August 31.

Is CordovaCann planning more store openings?

Yes, CordovaCann is accelerating its store openings across Canada, expecting additional retail locations in the near future.

What are the expectations for the new Star Buds store's performance?

The company expects the new store to contribute materially to its revenue and cash flow.

What is the stock symbol for CordovaCann Corp.?

CordovaCann Corp. is listed under the stock symbol LVRLF.