News Releases

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…

April 21, 2020.
Terrace Global files for the year ended december 31, 2019

2019 Highlights: Terrace Global closes reverse takeover transaction to go public on the TSX Venture Exchange. Closes over-subscribed $17 million subscription receipt financing. Exercises option to acquire Oransur, S.A., a leading high-CBD hemp cultivation operation located in San Fernando, Uruguay. Faises, S.A., one of two recreational cannabis businesses currently operating in Uruguay, produces 927 kilograms…

April 21, 2020.
Terrace Global Provides Operational Update and Response to Covid-19 Crisis

Highlights: Terrace Global provides update on its high-CBD hemp operations in Uruguay through its wholly-owned subsidiary Oransur. Terrace Global provides update on its hemp operations in Spain, including entering into of a letter of intent with Pharma Life for the sale of its hemp biomass.  Terrace Global confirms cash on hand of approximately $17 million…

3 Febuary, 2020.
Terrace Global announces appointment of Stephen Lermer as President and Chief Operating Officer

FOR IMMEDIATE RELEASE TORONTO, ONTARIO – February 3, 2020 – Terrace Global Inc. (“Terrace Global” or the “Company”) (TSXV:TRCE) is pleased to announce that effective immediately, Stephen Lermer has joined the Company as President and Chief Operating Officer. Stephen is joining Terrace Global to lead and manage the Company’s international operations, including the build-out of…

30 January, 2020.
Terrace Global announces genetics supply agreement with Apollo Green for acquisition of genetics and importation into the European Union

Highlights: • Terrace Global enters into exclusive genetics supply agreement with Apollo Green, a leading Canadian licensed producer of medical cannabis with a focus on specialized genetics and plantlet sales. • Acquires high-THC genetics (Chem Stallion, Twisted Grape and Apollo Skunk). • Commencement of genetics acquisition for its medical cannabis operation in Portugal.   FOR…

15 January, 2020.
Terrace Global Inc CEO Francisco Ortiz von Bismarck joins Midas Letter to discuss how the company’s entrepreneurial management team are focused on the development and acquisition of international cannabis assets.

Terrace Global (CVE:TRCE) Expansion Across South America and Europe

13 January, 2020.
Terrace Global announces appointment of new chief financial officer

FOR IMMEDIATE RELEASE TORONTO, ONTARIO – January 13, 2020 – Terrace Global Inc. (“Terrace Global” or the “Company”) (TSXV:TRCE) is pleased to announce that effective January 13, 2020, John Chou has been appointed as the Company’s Chief Financial Officer. John brings extensive expertise in financial reporting, corporate finance, and systems and controls for both public and private enterprises,…

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