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InMed Pharmaceuticals Inc INM

InMed Pharmaceuticals Inc. is a clinical-stage pharmaceutical company. The Company is engaged in developing a pipeline of prescription-based products, including rare cannabinoids and cannabinoid analogs, targeting the treatment of diseases with high unmet medical needs, as well as developing proprietary manufacturing technologies to produce rare cannabinoids for sale in the health and wellness industry. Its segments include InMed Pharmaceuticals and BayMedica. The InMed Pharmaceuticals segment is engaged in research and development of cannabinoid-based pharmaceutical products. The BayMedica segment is focused on developing manufacturing technologies to produce rare cannabinoids for sale in the health and wellness industry. Its two product candidates include INM-755 and INM-088. INM-755 is developed as a topical skin cream formulation containing cannabinol (CBN) for the treatment of symptoms related to Epidermolysis Bullosa (EB). INM-088 is used for the treatment of glaucoma.


NDAQ:INM - Post by User

Bullboard Posts
Comment by PhoenixDragnon Dec 27, 2017 11:13am
145 Views
Post# 27230404

RE:Harry's Tobacco enters Weed Markets Westridge Resources WST

RE:Harry's Tobacco enters Weed Markets Westridge Resources WST

International tobacco company signs Nick Brusatore to drive marijuana cigarettes in Canada

VANCOUVERDec. 11, 2016 /CNW/ - Harry's International Manufacturing is a tobacco company that has decided to make a move into the Marijuana Cigarette and Vapor Industry. Nick Brusatore is a known design expert in the commercial production of plants using vertical growing technology to fully automate and accommodate low cost production with high level of quality and replication data for pharma use. Mr. Brusatore was the Chairman of the Applied Research Board for a few years starting in 2007 at The British Columbia Institute of Technology (BCIT) while extracting secondary metabolites for cancer research. Nick was also nominated for the award of excellence in Canada for agriculture in 2012 for technology and was the early pioneer in the vertical farming space starting his designing back in 2000. Nick was the initial funder and founder of Affinor Growers the current holder of two global vertical farming patents.  Mr Brusatore is still currently working as a consultant for Affinor Growers, as well as funding the technology in a state of the art facility under construction for strawberries on his 10.6 acre property in Abbotsford BC.

The new tobacco initiative plans to launch a public entity in January of 2017 to accommodate high volume marijuana cigarette packaging for current Federal Producers and help them get ready to compete under the new class 2 believed to be coming soon with cigarette law Bill C-71 prevailing. We also plan to private label and enable large alcohol, beer and other tobacco Industry colleagues to join the quest of in the new Marijuana Markets in Canada.

Nick Brusatore Comments:  My Great Grandfather and Grandfather would be proud right about now as our family was alcohol retailers in the 30s when it was medical alcohol. My roots have been the subject of change and now I have been mobilized as history repeats itself accept this time with cannabis. I am excited to help drive this program with Federal Producers and other tobacco and alcohol companies. I hope to help clarify and lobby with industry to educate up and be prepared for retail distribution, taxation and all bylaws emerging as we potentially fall into final phase of class 2. This should be one of the most exciting companies to watch on the market due to the wild speculation in the arena and the strategic moves about to be made.

Kevin Kohanik Comments:  We are cautiously excited to be the first tobacco company in Canada to begin this quest and feel the time is right to begin set up and await the opportunity that we have been waiting for a long time. We have been in negotiations with Mr Brusatore for a little over a year now and believe he is the right guy to handle this job for us. His knowledge of mass production and reach goes much further than people may realize and we look forward to working together to get this job done.

SOURCE Nick Brusatore 

For further information: Nick Brusatore 604-356-0411


PhoenixDragn wrote:

Westridge Announces Letter of Intent with Harrys International Manufacturing Inc.


 

Vancouver, British Columbia / TheNewswire / December 22, 2017 - Westridge Resources Inc. (CSE: WST) ("Westridge" or the "Company") is pleased to announce that is has entered into a letter of intent (the "LOI") effective December 22, 2017 with Harrys International Manufacturing Inc. ("Harrys" or "HIMI"). The LOI contemplates a business combination transaction (the "Acquisition") pursuant to which HIMI will acquire all of the issued and outstanding common shares of HIMI (the "HIMI Shares") in exchange for the common shares of Westridge (the "Westridge Shares") one a 1:1 exchange ratio. The Acquisition is expected to constitute a Fundamental Change under the rules of the Canadian Securities Exchange (the "CSE").

The Acquisition

The LOI sets out certain terms and conditions pursuant to which the proposed Acquisition will be completed. The Acquisition is subject to the parties successfully entering into a definitive business combination agreement (the "Definitive Agreement") in respect of the Acquisition on or before February 28, 2018, or such other date as the parties may mutually agree.

The LOI also contemplates other material conditions precedent to the closing of the Acquisition (the "Closing"), including, the Company having a minimum working capital of $2,200,000, customary due diligence, receipt of all necessary regulatory, corporate and third party approvals, compliance with all applicable regulatory requirements, and all requisite board and shareholder approvals being obtained. In particular, it is a condition of Closing that Westridge receive approval from the CSE.

Certain of the Westridge Shares issuable pursuant to the Acquisition may be subject to escrow requirements pursuant to CSE policy and hold periods as required by applicable securities laws.

Current Share Structure

HIMI currently has 28,500,000 common shares issued and outstanding and no preferred shares issued and outstanding. The Company will issue 28,500,000 Westridge Shares at a value of $0.35 per Westridge Share to HIMI.

Loan

Pursuant the LOI the Company has loaned HIMI $300,000 as an interest bearing loan repayable within 30 days of termination of the LOI. The loan will bear interest at an annualized rate of 5% and is to be paid upon termination of the LOI.

Board of Directors

In connection with the Acquisition, it is anticipated that the current board of directors of Westridge will be increased to five members, with two of the members being nominated by HIMI and three of the members being nominated by Westridge.

About Harrys

Harrys International Manufacturing Inc. is currently generating revenues from the distribution of cigarettes to international customers. Concurrently, the Company is in the process of designing a 6,000 ft2 manufacturing facility in British Columbia. HIMI plans to manufacture white label and generic tobacco cigarettes for sale and distribution primarily to international markets. During this process HIMI will continue to export cigarettes to its existing customers, as it works towards obtaining receipt of all appropriate licenses and permits to expand production capacity in British Columbia. The management team of HIMI brings over 50 years of combined experience in the domestic and international tobacco industry. Harrys management team will leverage this experience and knowledge as it works towards obtaining the necessary federal and provincial license and permits to begin manufacturing tobacco cigarettes at its new location in British Columbia.

Other News

Further to its news release on December 19, 2017 the Company wishes to advise that the number of compensation warrants issued to finders in connection with the offering of units of the Company was 375,125. For additional details on the second tranche of the Offering please reference the news release of the Company dated December 4, 2018.

Disclosure and Caution

Further details about the proposed Acquisition and the Concurrent Financing will be provided in a comprehensive press release when the parties enter into the Definitive Agreement and in the disclosure document to be prepared and filed in respect of the Acquisition. Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon.

All information provided in this press release relating to HIMI has been provided by management of HIMI and has not been independently verified by management of the Company. As the date of this press release, the Company has not completed the Definitive Agreement and readers are cautioned that there can be no assurances that the Definitive Agreement will be executed, or that the Acquisition will be completed as proposed or at all.

For further information on Westridge Resources Inc. please contact the Company at 604-565-5100

ON BEHALF OF THE BOARD

"Michael Young"

Michael Young

President and CEO




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