FOUR20 Premium Markets™ reaches $5 million in sales

CALGARY, Feb. 19, 2019 /CNW/ - FOUR20 Premium Markets^TM is thrilled to announce it has reached $5 million in sales as of February 15^th, 2019. This number is based on two operating locations in Calgary. The milestone was achieved just before FOUR20 opens the doors to two additional Calgary locations, which were granted licenses by the AGLC on January 25^th, 2019.  

President Jeff Mooij expressed his enthusiasm, stating "The past five months have been both challenging and rewarding, so to hit this milestone as an independent business is monumental. We are humbled by the Calgary community and it's truly amazing that this happens on the dawn of two new openings here in Calgary. This shines a small light on the opportunity within the sector, one we are excited to continue to expand in."

FOUR20's latest shops are another important step in FOUR20's prudent growth strategy to become a leading cannabis retailer in Calgary and beyond.

Mr. Mooij says "People are excited about the legalization of cannabis, regardless of certain logistical issues. Supply issues have been part of the growing pains, but in any new industry uncertainties are natural and expected. Our goal is to mitigate the challenges and continue to serve a growing consumer base. The opportunities within the sector are immense."

FOUR20's newest Calgary locations are Foothills Industrial Park (#112, 5334 72 Avenue SE), opening February 19^th, 2019 and Oakridge (#205, 2515 90 Avenue SW), opening February 22^nd, 2019. All FOUR20 locations are open daily from 10 a.m. to 10 p.m.

For additional information on locations and FOUR20 Premium Markets' operations, please visit www.420pm.ca

About 420 Premium Markets Ltd.^TM

420 Premium Markets Ltd.^TM is a recreational cannabis retail brand focused on building community by acting as a resource for municipalities, citizens and organizations to ensure cannabis culture is promoted in a socially responsible manner. Our mission is not just to sell cannabis, but to provide added value to our consumers through education, expertise and industry experience.  420 Premium Markets Ltd. and 420 Clinic Ltd. are subsidiaries of 420 Investments Ltd., which is headquartered in Calgary, Alberta.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements, including, among other things, statements regarding the Company's opportunities, plans, future operations, strategies, objectives and expected timelines for business growth and operations. Generally, forward-looking statements can be identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.

Management of the Corporation believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Corporation, including data from publicly available governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of the retail cannabis industry which, while considered reasonable by management of the Corporation, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, including relating to: general economic conditions; industry conditions and events; the size of the retail cannabis market; government regulations, including future legislative and regulatory developments involving retail cannabis; and competition from other industry participants. Many of these risks and uncertainties are beyond the control of the Corporation, which may cause the Corporation's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although the Corporation has attempted to identify important risks and uncertainties that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risks and uncertainties that cause actions, events or results not to be as anticipated, estimated or intended.

Any forward-looking statements are made as of the date hereof and, except as required by law, the Corporation assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

SOURCE 420 Premium Markets Ltd.

please contact Sarah Francey at 403-614-3342 or email at [email protected].