TORONTO, ONTARIO / ACCESSWIRE / April 24, 2017 / Maricann Group Inc. (CSE: MARI) ("Maricann" or the "Company"), a low cost,
greenhouse producer of medical cannabis with market leading technological differentiation, will begin trading today on the Canadian
Securities Exchange ("CSE") under the stock symbol "MARI".
"We have been building a very strong foundation to all aspects of our business over the last four years," said Ben Ward, CEO of
Maricann. "Now, as a public company, we continue to build on that foundation in capitalizing on growth opportunities across the
expanding cannabis industry."
Maricann's public listing follows a series of recent transactions and approvals. On April 18, 2017, the shareholders of Maricann
Inc. ("Old Maricann"), a private company, approved its previously announced reverse takeover transaction of Danbel Ventures Inc.
("Danbel"), a public company. On April 20, 2017 the reverse takeover of Danbel by the shareholders of Old Maricann was completed
and Danbel changed its name to "Maricann Group Inc." Old Maricann became a wholly owned subsidiary of the Company. On April 21,
2107 Maricann received approval to list its shares for trading on the CSE.
"Countless people worked very hard to get Maricann to this point, with our employees, shareholders, board members, senior
executives and a range of suppliers putting their faith in our growth strategy," said Ben. "We are moving forward on the path to
becoming one of the world's leading vertically integrated cannabis companies."
Maricann Milestones
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April 2013, Maricann Inc. is founded in Langton, Ontario, a well-established agricultural region in southwestern Ontario
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March 2014, Maricann Inc. obtains its Health Canada licence to cultivate plants
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December 2014, Maricann Inc. obtains its Health Canada licence to sell dried cannabis
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January 2015, first dried cannabis sale
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September 2016, Maricann Inc. earns its Health Canada licence to sell cannabis extracts
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October 2016, first sale of extracted cannabis
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December 2016, Maricann Inc. raises $22.5 million in private capital
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January 2017, commences sale of clones
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February 2017, Maricann Inc. raises $10 million in private capital
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April 20, 2017, Maricann Inc. completes a reverse takeover of Danbel Ventures Inc. which becomes Maricann Group Inc.
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April 24, 2017, first day of trading on the CSE
About Maricann
Maricann is a vertically integrated low cost greenhouse producer and distributor of marijuana for medical purposes. As one of
approximately 43 companies with a federal licence to cultivate cannabis and one of approximately 30 independent licensed producers
with a federal licence to process and distribute cannabis, Maricann services a patient base with more than 8,000 registered
patients. Maricann is currently undertaking an expansion of the cultivation and support facilities to support existing and future
patient growth.
To find out more about Maricann please visit our website at www.maricann.ca.
Contact Information
Shawn Alexander VP Investor Relations salexander@maricann.ca
Corporate Headquarters Maricann Group Inc. 845 Harrington Court, Unit 3 Burlington Ontario L7N 3P3 Canada
Dial Toll Free in North America 1.844.MariCann (627.4226)
International 001.416.916.7145
Forward Looking Information
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of management
with respect to performance, business and future events, including but not limited to express or implied statements and assumptions
regarding the Company's business and operations. Forward-looking statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking
statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to
predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in
their entirety by this cautionary statement. The Company does not undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements, except as required by applicable securities law.
SOURCE: Maricann Group Inc.