VANCOUVER, British Columbia, December 17, 2020 – Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). Clean Power is encouraged by and applauds Canada’s Federal Government and Canada’s Minister of Natural Resources, for the launch of the Hydrogen Strategy for Canada on December 16, 2020. Canada’s Hydrogen Strategy, paves the way towards realizing Canada’s goal of carbon neutrality by 2050 as part of the global fight against climate change. Canada now joins a growing list of countries in recognizing the critical role of hydrogen in the transition of energy use to decarbonize segments of the economy, such us the fueling of vehicles, that have a disproportionately large impact on the emission of CO2.
As previously announced on October 28, 2020, the Company invested in PowerTap Hydrogen Fueling, a company that is building out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen. With Canada seeking to position itself as a global hydrogen leader by establishing a plan to net-zero carbon emissions by 2050, the Company views this as a tremendous business opportunity for Canada’s leading hydrogen and fuel cell technology and energy companies. In this regard and aligned with the Company’s investment policy to invest for purposes of generating returns from capital appreciation and investment income, the Company will continue to actively seek investment opportunities in Canada’s hydrogen fueling sector. A copy of the Company’s investment policy may be viewed at: https://cleanpower.capital/investment-policy/
The CEO of Clean Power, Mr. Joel Dumaresq stated, “We are thrilled by the ambitious plans laid out in the Hydrogen Strategy for Canada. This strategy sets to make Canada a global leader in hydrogen by 2050, with up to 30% of Canada’s energy to be hydrogen-based and a plan to build a national hydrogen fueling station network. While Clean Power’s current investment in the clean energy sector is based in the U.S., this new Canadian framework provides us with an exciting opportunity to identify new potential renewable energy investments in Canada.”
ABOUT CLEAN POWER CAPITAL CORP.
Clean Power is an investment company, that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at www.sedar.com.
ON BEHALF OF THE ORGANIC FLOWER INVESTMENTS GROUP INC. BOARD OF DIRECTORS
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Learn more about Organic Flower by visiting our website at: https://cleanpower.capital/
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This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: political changes in Canada and internationally, future legislative and regulatory developments involving cannabis in Canada and internationally, AgraFlora’s ability to secure distribution channels in international jurisdictions, competition and other risks affecting AgraFlora in particular and the cannabis industry generally. Without limiting the generality of the foregoing, the forward-looking statements herein include, among other things, the ability to develop the Delta Greenhouse Complex and the successful integration of Organic Flower’s unique domestic downstream asset portfolio under the AgraFlora banner.
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