VERNON, British Columbia, Jan. 12, 2018 (GLOBE NEWSWIRE) -- True Leaf Medicine International Ltd. (“True
Leaf” or the “Company”) (CSE:MJ) (FSE:TLA) (OTCQB:TRLFF), announces that it has conducted an initial
closing of its previously announced Regulation A+ offering for gross proceeds in the amount of C$6.18 million for 8,883,590 shares.
True Leaf’s Regulation A+ offering was qualified by the Securities and Exchange Commission (SEC) on November 21,
2017, and allows the Company to sell up to 14,285,715 common shares at an offering price of $0.70 CAD per share in the United
States.
Boustead Securities, LLC, working with its affiliate, FlashFunders™ (www.flashfunders.com), is the lead managing selling agent and bookrunner for the offering.
CrowdfundX is the digital marketing agency of record.
About True Leaf
Founded in 2013, True Leaf has two main operating divisions: True Leaf Medicine Inc. and True Leaf Pet Inc. The
Company’s goal is to provide federally-approved cannabis products that will be sold across Canada and the United States. True Leaf
Medicine Inc. was launched in July 2013 to become a licensed producer of medicinal cannabis for the Canadian market. True Leaf
Medicine Inc. has been given approval by Health Canada to build its grow facility and will be subject to a Health Canada security
inspection upon completion to allow for the cultivation, manufacture, and distribution of cannabis products. Currently, True Leaf
does not have a license to produce cannabis.
Established in 2015, True Leaf Pet Inc. markets hemp-focused products for the pet industry. The Company launched
the True Hemp™ pet supplement line in Canada, the United States, and Europe, becoming one of the first hemp-based pet product lines
to be marketed worldwide. True Hemp™ North American products are free of CBD and THC, making them the first federally legal
products to be marketed in Canada and the United States.
SEC Legends
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering
statement, which only means that we may make sales of the securities described by the offering statement. It does not mean that the
SEC has approved, passed upon the merits, or passed upon the accuracy or completeness of the information in the offering statement.
You may obtain a copy of the offering circular that is part of that offering statement from: HERE
Forward-Looking Statements
This news release contains forward-looking statements; and management may make additional forward-looking
statements in response to your questions. Such written and oral disclosures are made pursuant to the Safe Harbor provision of the
Private Securities Litigation Reform Act of 1995. Although we believe our expectations expressed in such forward-looking statements
are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements
involve risks and uncertainties that could cause actual results to differ materially from the anticipated results, and therefore we
refer you to a more detailed discussion of the risks and uncertainties in the Company’s filings with the Securities and Exchange
Commission when available. The forward-looking statements contained in this news release are made only as of today; and True Leaf
Medicine International Ltd. is under no obligation to revise or update these forward-looking statements.
Media
Contact:
Paul
Sullivan
Director, Public Relations
Paul@trueleaf.com
O: 604-685-4742
M: 604-603-7358
Investor Contact:
Kevin Bottomley (Canada)
Director and Corporate Relations
Kevin@trueleaf.com
M: 778-389-9933
Tirth Patel (US)
Edison Advisors
tpatel@edisongroup.com
O: 646-653-7035
Follow True Leaf
trueleaf.com
twitter.com/trueleafpet
facebook.com/trueleafmedicine
instagram.com/trueleafpet
