RE:UMB: Hidden Undervalued Marijuana Company About to ExplodeTon of volume today 5m. Gave a update today.
Update On Medical Marijuana Application
Vancouver, B.C., / TheNewswire / October 12, 2016 - UMBRAL ENERGY CORP. (CSE: UMB) (OTCQB: UMBBF) (the "Company" or "Umbral") is pleased to provide an update on its 50% owned PhyeinMed Inc. ("PhyeinMed"), an operating company with a submitted application to Health Canada for a MMPR Licence.
PhyeinMed Inc, is currently in Stage 4, Initiation of security clearance process, in Health Canada's application of becoming a licensed grower under the Marihuana of Medical Purposes Regulations. PhyeinMed, its officers and directors have submitted a security clearance application as required to Health Canada and are awaiting further feedback.
Jag Bal, President of Umbral states, "Umbral remains committed to the Health Canada process with our partner PhyeinMed, as they continue to work diligently through the various stages of the MMPR application process. We believe that PhyeinMed`s experienced team and their designated 13 acre site with an 11,000 sq. ft. building, which is located in Falkland, BC, has Umbral well positioned in this rapidly growing Cannabis sector in Canada. We have remained hopeful throughout this licensing process".
About Umbral Energy Corp.
The Company is currently listed as a junior resource issuer having mineral exploration projects. The Company is considering other activities to increase shareholder value, including non-resource projects.
The Company has a mineral exploration projects in Utah, Nevada and Quebec, as well as an interest in oil and gas property in Alberta. In addition the Company has an interest in PhyeinMed, who has applied for a license from Health Canada to legally grow and sell medical marijuana.
ON BEHALF OF THE BOARD OF DIRECTORS OF UMBRAL ENERGY CORP.
"Jag Bal"
Jagdip BAL
President and CEO