TORONTO, ONTARIO–(Marketwired – Jan. 10, 2017) – Mettrum Health Corp. (TSXV:MT.V), a fully integrated medical cannabis producer under the Access to Cannabis for Medical Purposes Regulations, is pleased to announce that it has acquired all of the outstanding shares of 2344823 Ontario Inc., d/b/a Bodystream (“Bodystream“), a leading network of medical cannabis clinics with 14 current locations across Ontario (the “Transaction“).
Under the terms of the Transaction, Mettrum paid $1 million in cash and issued 451,596 Mettrum shares from treasury to the current shareholders of Bodystream. These shares are subject to a four-month hold and the Corporation is required to inform the TSX Venture Exchange (the “Exchange“) of the Transaction. In addition, Mettrum will issue up to a maximum of 1,505,322 additional shares, over the next three to five years based on Bodystream achieving certain operational milestones.
“We have been working closely with Bodystream for the past two years and they have demonstrated an ability to scale rapidly while maintaining a high level of professional service,” said Michael Haines, CEO of Mettrum. “With so many Canadians entering the ACMPR system on a monthly basis and medical cannabis gaining traction as a viable therapeutic option for a variety of symptoms, the time to expand this aspect of our business is now.” As previously announced, the Corporation acquired Apollo Applied Research Inc. (“Apollo”), a referral-focused cannabis research clinic based in the Greater Toronto Area. The acquisition of Bodystream complements the Apollo acquisition and expands the reach of the Corporation’s clinic network across Ontario, with the opportunity to expand beyond.
“Our mission at Bodystream is to apply cannabis-based therapies that can effectively treat our patients’ symptoms,” said Brian Warner, President of Bodystream. “Mettrum’s physician-centric approach, and commitment to research resonates with our physicians and patients. We look forward to growing with Mettrum and working to develop a variety of services and products that will help improve the quality of life for patients.”
Bodystream has operated since 2014 and since then, has earned the trust of an active patient base of approximately 6,000 people.
The Bodystream leadership team will remain on board and will continue operating the business independently as a wholly-owned subsidiary of the Corporation.
Under the terms of the Apollo transaction (which closed on November 15, 2016), in addition to consideration paid by Mettrum on closing, Mettrum agreed to issue up to a maximum of 1,558,752 additional shares, over three to five years, based on Apollo achieving certain operational milestones.
About Mettrum Health Corp
Mettrum Health Corp. is a Tier 1 Industry Issuer listed on the Exchange. Mettrum Ltd., a wholly owned subsidiary of the Corporation, is a Toronto-based company and a licensed producer of medical cannabis under the Access to Cannabis for Medical Purposes Regulations (Canada) issued pursuant to the Controlled Drugs and Substances Act (Canada) (the “ACMPR“), which came into effect on August 24, 2016. Mettrum received its first license from Health Canada under the Marihuana for Medical Purposes Regulations (the “MMPR“) on November 1, 2013 and began production of medical cannabis at its first production facility in Bowmanville, Ontario.
Mettrum received its second license from Health Canada under the MMPR on December 11, 2014 for its subsidiary, Agripharm Corp., at Mettrum Creemore facility in Clearview, Ontario. Mettrum received its third license from Health Canada under the MMPR on December 17, 2015 for Mettrum Ltd. at its new 60,000 square foot production and distribution facility in Bowmanville, Ontario. Mettrum is a leading producer and vendor of medical cannabis under the ACMPR system. In addition, through its wholly-owned subsidiary Mettrum Hempworks, Mettrum is also a licensed producer and distributor of industrial cannabis (hemp) products, including Mettrum’s functional food line, Mettrum Originals™, under the Industrial Hemp Regulations (Canada) issued pursuant to the Controlled Drugs and Substances Act (Canada).
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the results of operations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Mettrum disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
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Lobe Sciences Announces Launch of Preclinical Study in Collaboration with the University of Miami Miller School of Medicine
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce the launch of preclinical research studies using psilocybin and N-Acetylcysteine (“NAC”) for the treatment of mild traumatic brain injuryconcussion (“mTBI”) with post-traumatic stress disorder (“PTSD”). The study is in collaboration with a multidisciplinary team of scientists and physicians at the University of Miami Miller School of Medicine under the lead of Michael E. Hoffer, M.D., professor of otolaryngology and neurological surgery.
NAC has been shown to be safe and efficacious in a phase I human clinical study in treating military personnel who had suffered mTBI. The initial research focus is to demonstrate the safety and efficacy of the combination of psilocybin and NAC using broadly accepted rodent models. Final results are expected in 2021. Once this is established, more specific work can examine dose response, medicine uptake, and medicine levels. The research team at the Miller School of Medicine has conducted prior studies involving NAC with mTBI and has a license from the United States Drug Enforcement Administration to conduct research using Schedule I controlled substances, which includes psilocybin.
Aphria Inc. (” Aphria “, ” we ” or the ” Company “) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, announced it has closed the accretive, strategic acquisition (the ” Acquisition “) of SW Brewing Company, LLC (” SweetWater Brewing Company ” or ” SweetWater “), one of the largest independent craft brewers in the United States (“U.S.”) based on volume. Beginning with the flagship 420 beverage offerings, SweetWater has created an award-winning lineup of year-round, seasonal and specialty beers, a portfolio of brands closely aligned with a cannabis lifestyle.
Juan Carlos Echeverry, Former Colombian Minister of Finance and Former CEO of Colombia’s Largest Company, Joins Khiron Board of Directors
- Distinguished economist and former CEO of Ecopetrol, Colombia’s largest corporation and the fourth largest Latin America oil and gas producer included in the Fortune Global 500
- Internationally recognized advocate for the cannabis industry as a driver of change for the Latam economy
- Adds proven economic and international business experience to boost the global growth of the Khiron business model
- Company to discuss Q3 2020 financials and host webcast on Tuesday, December 1 st
Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN ), (OTCQX: KHRNF), ( Frankfurt : A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe announces that Mr. Juan Carlos Echeverry has been appointed to the Board of Directors of the Company, effective immediately. Mr. Echeverry brings extensive corporate, academic and macroeconomic experience, serving as Colombia’s Minister of Finance from 2010 to 2012 and as the CEO and President of Ecopetrol from 2015 to 2017.
ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Reminds Aurora Cannabis Inc. Investors of Important December 1 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm – ACB
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.
To join the Aurora class action, go to http://www.rosenlegal.com/cases-register-1965.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action.
ACB Deadline Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Aurora Cannabis, Inc. Shareholders of Class Action and Lead Plaintiff Deadline: December 1, 2020
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Aurora securities between February 13, 2020, and September 4, 2020, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/acb .
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.