21 Nov 2016

Shareholder Conference Call Nov. 22 at 10:00 ET

Call in Number: (888) 245-0884

Access Code: 25311842

As previously announced, Arcturus CEO Bill Gildea will be updating shareholders in a conference call scheduled for Tuesday, November 22, 2016 at 10:00 ET. Please use the phone number and access code listed above.

 

18 Nov 2016

Arcturus to Acquire 15-Acres of Cannabis Zoned Land

VANCOUVER, British Columbia, November 2, 2016 /TheNewswire/ — Arcturus Growthstar Technologies Inc. (OTCQB: AGSTF) (CSE: AGS.CN) (the “Company” or “Arcturus”) is pleased to announce that it has signed a Letter of Intent (“LOI”) to acquire a 15-acre parcel of land in Redland, Florida, in a county that is designated to legally cultivate, process and dispense cannabis. Redland is an unincorporated community within Miami-Dade County, with Biscayne National Park to the east and Everglades National Park to the west. Redland is primarily a Miami suburb and a major agricultural area. Miami-Dade County is referred to as the nation’s “Salad Bowl” and “Winter Bread Basket.”

“We are pleased to have reached this LOI to acquire this prime parcel of land as it has a long history as a plant nursery, which was first established in 1963,” says Mr. William Gildea, Arcturus Growthstar Technologies Inc.’s CEO and Chairman. “This acquisition will be an all-stock deal and greatly adds to our geographic footprint and overall strategy in the state of Florida. With the recent passage of Amendment 2, an initiative which significantly broadens Florida’s medical marijuana program, we want to be firmly established in the state and solidify our first mover advantage in one of the biggest potential cannabis markets in the United States.”

With this acquisition and the previously announced 10-acre greenhouse acquisition near Orlando, Arcturus has the potential, if fully licensed, to develop 25-acres of cannabis crops. If current state projections for the cannabis market size hold up to their $1.8Bprojection by 2020, Florida will have considerable demand for medical marijuana, even without factoring in the potential for recreational legislation.

This is an exciting acquisition for Arcturus as the 15-acre farm is located in a designated legal grow zone with close proximity to Miami. Arcturus and its experienced team of operators, including John Sweeney, former VP of Operations for Tilray’s 60,000-square foot Vancouver facility, is in a unique position as a Canadian based company because it is poised to quickly commence operations within the United States rather than potentially wait years to become a licensed producer under Canadian law.

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

07 Nov 2016

Arcturus to Acquire Established Florida Greenhouse Zoned for Medical Marijuana

VANCOUVER, British Columbia, November 7, 2016 /PRNewswire/ –– Arcturus Growthstar Technologies Inc. (the “Company” or “Arcturus”) (OTCQB: AGSTF) (CSE: AGS) is pleased to announce that it has signed a Letter of Intent (“LOI”) to acquire a 10-acre operating greenhouse in Florida, which is in a designated zone to legally cultivate, process and dispense cannabis. The Greenhouse fits Florida’s stringent criteria for agricultural farmers looking to manufacture Cannabis which, under the current law, applicants had to have been in business in Florida for at least 30 years and grow a minimum of 400,000 plants at the time they applied.

Image of greenhouse property

“This is a major milestone for Arcturus and positions us for tremendous growth for years to come,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman.  “With this acquisition, Arcturus is potentially positioned as one of the public sectors first movers into Florida’s cannabis market.” Mr. Gildea continues, “This acquisition is in the designated legal grow zone with close proximity to Orlando, which has a local population of almost 2.5 million and attracts over 62 million visitors annually, making it a prime location.

Shareholders will be excited to know that the farm is much more than a “Zoned for Cannabis” piece of land, but a fully operational greenhouse business already in full production. The greenhouse property, which has been family operated since 1959, currently grows ornamental plants sold in large box stores throughout North America. In the past 12 months, it has generated over $2,600,000 in revenue with EBITDA of over $400,000, which is expected to continue until Amendment 2 allows for the property to be converted for growing cannabis. Once fully licensed and operational, the property has the capacity to generate seven figures in revenue per month. In the interim we feel we can use our CEA technology to quadruple the current ornamental plant yields, thereby increasing both profit and revenue.”

On November 8th, Floridians will vote on Amendment 2, which would broaden medical cannabis usage to individuals with “debilitating” medical conditions as certified by a licensed physician. It also would greatly expand the consumer base for the state’s marijuana industry. Amendment Two on the Nov. 8 ballot in Florida would broaden medical cannabis usage to individuals with “debilitating” medical conditions certified by a licensed physician. It also would greatly expand the consumer base for the state’s marijuana industry, which by some estimates would exceed 400,000 citizens.

Florida stands to be one of the biggest medical marijuana markets, in North America,” says John Sweeney, Arcturus board member and former Vice President of Operations at Tilray, a 60,000-sq. ft. cannabis grow operation in Vancouver. “With all the opportunities in the cannabis market, I am thrilled with our ability to acquire this Florida property and to be a part of this dynamic and growing company.”

Measures to legalize recreational marijuana are on the November 8th ballot in five states this year: California, Nevada, Arizona, Maine and Massachusetts. Four other states – Florida, Arkansas, North Dakota and Montana – are considering initiatives to legalize medical marijuana, a move that some say is a first step towards full legalization.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

02 Nov 2016

ARCTURUS Begins CONSTRUCTION ROLL OUT For Rhode Island Urban Farm

VANCOUVER, British Columbia, November 2, 2016 /PRNewswire/ — Arcturus Growthstar Technologies Inc. (the “Company” or “Arcturus”) (CSE: AGS) (OTCQB: AGSTF) is pleased to announce that it has engaged the services of Mr. Jim Coull to begin design and construction work at its flagship farm in North Kingstown, Rhode Island. Mr. Coull offers commercial design-build, general contracting and preconstruction services to the cleanroom laboratory, advanced technology, education and healthcare industries. He is known for his highly technical construction and turnkey services, from planning and feasibility through architecture, engineering, general contracting and commissioning.

The Company plans to use the Rhode Island farm to showcase its proprietary scalable, indoor Controlled Environment Agriculture (CEA) technology, which allows it to produce crops more cost effectively than traditional farming methods, without the use of chemical pesticides, all while using 90% less water and fertilizer. Mr. Coull has experience with Arcturus’ CEA technology, and even helped to refine the CEA system by creating greater efficiencies during growth trial phases.

“We are excited to have Jim Coull and his team of construction professionals on board with us in the development and construction of our Rhode Island farm, which can grow both leafy greens as well as cannabis,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman. “Mr. Coull’s reputation for excellence and comprehensive construction management services will ensure our flagship farm’s success.”

Mr. Coull adds, “I am pleased to see this project is underway and look forward to help bring it to a successful conclusion. It will provide fresh organic produce to the Rhode Island Market on a one-day ‘harvest to table’ basis. CEA is the coming trend in the food production business, and is of particular importance here in New England where our growing season is very short.”

Rhode Island is a small, but densely populated state with just over one million residents. Arcturus’ farm will serve Rhode Island residents and the entire Northeast market where there is strong consumer demand for organic produce, and an opportunity to significantly reduce “food miles” associated with transporting produce from California and Arizona. The farm’s proximity to numerous northeast routes will enable the farm to capitalize on many channels of distribution. Rhode Island also has Medical Marijuana laws that allow urban farms such as ours to make build out designated areas to cultivate cannabis for medical purposes.

For further information, contact William Gildea, Director, at +1-617-834-9467.

On behalf of the Board,

Arcturus Growthstar Technologies Inc.

William Gildea, CEO & Chairman

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