TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) -- MPX Bioceutical Corporation (“MPX”
or the “Company”) (CSE: MPX; OTC: MPXEF) is pleased to announce the Company, through its indirect wholly-owned
subsidiary, S8 Management, LLC (“S8 Management”), has received final licensing approval by the Maryland Medical
Cannabis Commission (the “Commission”) for the opening of two managed dispensaries, LMS Wellness, Benefit LLC
(“LMS”), operating as Health for Life White Marsh, and GreenMart of Maryland, LLC (“GreenMart
Maryland”), operating as Health for Life Baltimore.
Health for Life White Marsh will operate a dispensary in the White Marsh suburb of Baltimore
Maryland, an affluent, highly populated area located at 4741 Ridge Road, Nottingham, Maryland 21236. Health for Life
Baltimore, located at 6807 Rolling Mill Road, Baltimore, Maryland 21224, will operate a dispensary in an urban,
high-traffic area of Baltimore, near North Point Road in the community of Colgate. The Health for Life Baltimore location is
conveniently situated near Interstate Routes 695, 95 and U.S. Route 40 and a 15-minute drive from Baltimore’s Inner Harbour, Canton
Waterfront, Federal Hill, and Fells Point. Johns Hopkins Bayview Medical Center, a teaching hospital within the world renowned
Johns Hopkins Health System, is within two miles of the site.
“Through the management agreements with LMS and GreenMart Maryland, we continue to expand upon our existing
presence in Maryland, achieving a milestone that is integral to our overall expansion plans, which include a focus on
limited-license markets,” stated W. Scott Boyes, Chairman and CEO, MPX. “MPX is now managing three dispensaries in Maryland and one
of only fifteen concentrate processing operations.”
“The Maryland medical cannabis market, with a well-defined regulatory structure and attractive marketplace
competition, continues to be a focal point for MPX’s footprint expansion,” commented Beth Stavola, COO, MPX. “With licensing
approval, we expect that both facilities will be open and accepting patients by early autumn of 2018.”
To be added to the distribution list, please email MPX@kcsa.com with “MPX” in the subject line.
About MPX Bioceutical Corporation
MPX, through its wholly-owned subsidiaries in the U.S., provides substantial management, staffing, procurement,
advisory, financial, real estate rental, logistics and administrative services to three medicinal cannabis enterprises in Arizona
operating under the Health for Life (dispensaries) and the award-winning Melting Point Extracts (high-margin concentrates
wholesale) brands. The successful Health for Life brand operates in the rapidly growing Phoenix Metropolitan Statistical
Area. With the acquisition of The Holistic Center, MPX added another operating medical cannabis enterprise to its footprint
in Arizona.
GreenMart of Nevada NLV, LLC (“GreenMart NV”) is an award winning licensed cultivation,
production and wholesale business, licensed for both the medical and “adult use” sectors in Las Vegas, Nevada, and is already
selling wholesale into the Nevada medical cannabis market. GreenMart NV has also optioned suitable locations and intends to enter
the higher-margin retail arena by applying for at least two dispensary licenses in the Las Vegas market which will operate under
the “Health for Life” brand.
In Massachusetts, MPX is building out and will operate a cultivation and production facility as well as up to
three dispensaries and manages three full service dispensaries and one producer in Maryland.
In Canada, MPX has acquired Canveda, which has received its cultivation license from Health Canada, will operate
a cultivation and production facility in Peterborough, Ontario. The Company also leases a property in Owen Sound, Ontario, for
which an application to Health Canada has been made for a cannabis production and sales license. In addition, the Company will
continue its efforts to develop its legacy nutraceuticals business.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are not limited to, MPX’s objectives and intentions.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to:
general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional
risks set out in MPX’s public documents filed on SEDAR at ; and other matters discussed in this news release. Although MPX
believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such
events will occur in the disclosed time frames or at all. Except where required by law, MPX disclaims any intention or obligation
to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
On behalf of the Board of Directors
MPX Bioceutical Corporation (formerly The Canadian Bioceutical Corporation)
W. Scott Boyes, Chairman, President and CEO
For further information, please contact:
MPX Bioceutical Corporation (formerly The Canadian Bioceutical Corporation)
W. Scott Boyes, Chairman, President and CEO
T: +1-416-840-3725
info@mpxbioceutical.com
www.mpxbioceutical.com
Media Contact:
Anne Donohoe
KCSA Strategic Communications
212-896-1265
adonohoe@kcsa.com
Investor Contact:
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
212-896-1233 / 212-896-1203
pcarlson@kcsa.com / ebarker@kcsa.com
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