GREY:VRTHF - Post by User
Comment by
higherhighson Jan 02, 2017 12:33pm
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Post# 25659169
RE:Break Out Is Imminent !!
RE:Break Out Is Imminent !!higherhighs wrote: Enjoy the ride !!
Veritas Pharma is an emerging-stage pharmaceutical and intellectual property development company, which, through Cannevert Therapeutics Ltd., is advancing the science behind medical cannabis.
Exciting times ahead for shareholders !!
(“Veritas” or the “Company”), an emerging-stage pharmaceutical and IP development company, is pleased to announce that it has signed a Letter of Intent (“LOI”) with Sechelt Organic Marijuana Inc. (“Privco”), whereby Veritas has been granted the exclusive option to acquire 100% ownership of PrivCo (the “Transaction”), subject to certain terms and conditions including; obtaining an ACMPR/MMPR license and the issuance of a permit by Health Canada for the building of a cannabis growing facility. Further, and as part of the agreement, Veritas will manage and help facilitate the application process with Health Canada, and will pay all out-of-pocket expenses during the approval process.
The target acquisition (“PrivCo”), currently owns a secure commercial facility and land located in Sechelt, British Columbia, Canada and, since July 4th, 2014, has had an application pending with Health Canada for a new MMPR (Marihuana for Medical Purposes Regulations) license. PrivCo personnel includes an experienced grow master who is currently a ‘designated grower’ under current MMAR licensing guidelines