News Releases

September 16, 2020.
Terrace Global Announces Receipt of Pre-License for Outdoor Medical Cannabis Cultivation in Portugal

TORONTO (BUSINESS WIRE) – September 16, 2020 – Terrace Global Inc. (“Terrace Global” or the “Corporation”) (TSXV: TRCE) is pleased to announce it has been granted a provisional license (the “Pre-License”) from INFARMED, I.P., the Portuguese regulatory authority with oversight over the pharmaceutical industry in Portugal, including medical cannabis (“INFARMED”), at an outdoor medical cannabis…

September 9, 2020.
Terrace announces closing of $15 million private placement Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ONTARIO – September 9, 2020 – Terrace Global Inc. (“Terrace Global” or the “Corporation”) (TSXV: TRCE) is pleased to announce today that it has closed the previously announced non-brokered private placement (the “Private Placement”) of 120,000,000 subscription receipts (the…

August 31, 2020.
Terrace Global files finalcial results for the quarter ended june 30, 2020

  Second Quarter Highlights:   ·       In response to COVID-19, the board of directors took immediate actions to ensure all non-essential capital expenditures and operating costs were significantly reduced.  The Company has also been in close contact with the municipalities in which it operates in order to support them with personal protective equipment. ·       On…

August 21, 2020.
Terrace Global provides update on financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ONTARIO – August 21, 2020. Terrace Global Inc. (“Terrace Global” or the “Company”) (TSXV: TRCE) provided today an update on its previously announced non-brokered private placement (the “Private Placement”) of subscription receipts (the “Subscription Receipts”). The Private Placement is…

July 17, 2020.
Terrace Global Announces $15 Million Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES   TORONTO, ONTARIO – July 17, 2020 – Terrace Global Inc. (“Terrace Global” or the “Company”) (TSXV:TRCE) is pleased to announce that, subject to all applicable regulatory approvals, the Company intends to complete a non-brokered private placement (the “Private Placement”)…

July 10, 2020.
Haywood Secutiries releases report on Terrace Global

View report

July 9, 2020.
Terrace Global announces appointment of former Charlotte’s Web President and CEO, Hess Moallem, to its International Advisory Board

FOR IMMEDIATE RELEASE TORONTO, ONTARIO – July 9, 2020 – Terrace Global Inc. (“Terrace Global” or the “Company”) (TSXV: TRCE) is pleased to announce that Hesaam “Hess” Moallem has been appointed to the International Advisory Board.  Mr. Moallem joins Messrs. Lorne Gertner, Hon. Jim Peterson, Maria Consuelo Araujo and Jonathan Goldman on the International Advisory…

June 9, 2020.
Terrace Global provides operational update and announces receipt of importation permits in Portugal and commencement of planting in aljustrel, Portugal

Highlights: ·       Terrace Global provides update on its high-THC operations in Portugal where it is jointly operating the Aljustrel outdoor medical cannabis site with The Flowr Corporation (TSXV – FLWR). ·       Receipt of importation permits for high-THC genetics to be planted at the Aljustrel site. ·       The Aljustrel site now home to 13,500 clones and…

May 13, 2020.
Flowr announces joint deal to develop outdoor cannabis project in Portugal

The Flowr Corporation (CVE: FLWR) CEO Vinay Tolia joined Steve Darling from Proactive Vancouver to bring news the company has agreed to an equity line and profit-sharing agreement with Terrace Global for their cannabis project in Portugal. Tolia telling Proactive Terrace Global will fund certain operations and certain capital expenditures relating to the Project in exchange for…

May 13, 2020.
Terrace Global announces agreement with the flowr corporation to jointly develop outdoor medical cannabis project in Portugal

Highlights: ·       Terrace Global enters into an equity line and profit-sharing agreement with The Flowr Corporation (TSXV: FLWR) with Terrace Global to fund the operations at the Aljustrel outdoor site in Portugal in exchange for common shares and warrants in Flowr plus a 25% share of net proceeds from medical cannabis sales from the 2020…

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