(TheNewswire)
Vancouver, B.C. / TheNewswire / Aug. 1, 2018 – MYM
Nutraceuticals Inc., (CSE: MYM) (“MYM”) is pleased to announce it has entered into a two-year agreement with Amsterdam
based Dutch Passion for the production and distribution of Dutch Passion branded products and seed genetics in
Australia.
Established in 1987 Dutch Passion is the second oldest European Cannabis seed company and for over 30 years has
been a leading innovator of seed genetics. Dutch Passion has developed its own proprietary genetics and owns a seed collection of
international cannabis genetics dating back to the 1970s. Since Dutch Passion was established in 1987, the company has won
more than 50 Cannabis Cups for its high-THC, easy-to-grow varieties. Dutch Passion also invented feminized cannabis seeds in the
1990s and, more recently, helped pioneer the success of high-THC auto-flowering cannabis seeds.
“We are thrilled to be working with Dutch Passion in Australia. With over 30 years-experience in the
development and distribution of cannabis seeds, they are considered to be world leaders,” said Rob Gietl, CEO of MYM. “As legal
production of cannabis has been rapidly increasing worldwide, so has the demand for seed genetics. The Dutch Passion portfolio of
seeds will prove to be a very valuable asset to the shareholders of MYM.”
Eric Siereveld, CEO of Dutch Passion Seed Company commented, “There were a lot of options when we were considering working with
producers in Australia. We chose to partner with MYM because of their strong network and organization in the global
cannabis industry. We are confident that MYM has the best environment to maximize the potential of the genetic products we
offer.”
Dutch Passion agreed to give MYM exclusive rights in Australia to produce and
distribute under the Dutch Passion brand, all products that Dutch Passion sells currently and may sell in the future, including:
clones, flowers, pre-rolled joints and other cannabis products. Australia is poised to be one of the worlds leading
exporters of Cannabis products due to its favorable growing environment and low production costs. Dutch Passion also agreed to give
MYM non-exclusive rights in Australia to produce and/or distribute cannabis seeds under the Dutch Passion brand.
MYM agreed to make Dutch Passion its flagship brand of cannabis seeds for sale in Australia and Dutch Passion
agreed to list MYM as an official distributor of products in Australia.
About Dutch Passion
Dutch Passion is a Dutch company with over 30 years’ experience in the development and distribution of cannabis
seeds. Dutch Passion is focused on producing high quality, high-THC cannabis genetics and on providing attentive
customer service through its experienced customer service team. Dutch Passion’s diverse seed collection of international
cannabis genetics dates back to the 1970s, with all varieties having passed strict tests designed to ensure ease of growth, heavy
yields and high-quality results. In the 1990s, Dutch Passion invented feminized cannabis seeds and, more
recently, helped to pioneer the success of high-THC auto-flowering cannabis seeds. www.dutch-passion.com
About MYM Nutraceuticals Inc.
MYM Nutraceuticals Inc. is an innovative company focused on acquiring Health Canada licenses to produce and
sell high-end medicinal cannabis supplements and topical products. MYM is a shareholder in two production projects in Quebec that when
completed are anticipated to have over 1.5 million square feet of production space. MYM is also a shareholder in two international
cannabis production projects in Australia and Colombia. In New South Wales, Australia, the “Northern Rivers Project” is
expected to have 1.2 million square feet of cannabis production space. In Medellin, Colombia, MYM and Colombia
Organica have partnered and are planning to build a cannabis production facility in the region. Colombia Organica currently holds a
seed to sale license for low THC cannabis which permits the company to grow, produce and create cannabis derivatives to be
commercialized and / or exported. Colombia Organica is in the licensing process for the cultivation and production of high THC
cannabis extracts. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire
complementary businesses and assets in the technology, nutraceuticals and CBD sectors. MYM shares trade in Canada, Germany
and the USA under the following symbols: (CSE:MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).
This release includes certain statements and information that constitute forward-looking information
within the meaning of applicable Canadian securities laws, including statements regarding the production and distribution of Dutch
Passion branded products in Australia, the anticipated access to and commercial value of Dutch Passion’s list of seeds and cannabis
products, the anticipated combined production space of 1.5 million square feet for the two production projects in Quebec, the
anticipated 1.2 million square feet of production space in the Northern Rivers Project, and the building of a cannabis production
facility in Colombia. Generally, forward-looking statements and information can be identified by the use of forward-looking
terminology such as “intends,” “anticipates,” “it is expected,” or variations of such words and phrases, or statements that certain
actions, events or results “may,” “could,” “should,” or “would” occur. Forward-looking statements are based on certain material
assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release,
including the assumption that the terms and conditions of the agreements with Dutch Passion will be carried out and satisfied as
anticipated, that MYM will have access to Dutch Passion’s list of seeds and cannabis products and that it will be a commercially
valuable asset, that the Northern Rivers Project will be completed as planned, including the construction and operation of 1.2
million square feet of production space, that MYM’s projects in Quebec will be completed as planned, with 1.5 million square feet
of greenhouse space, and that the cannabis production facility will be successfully built near Medellin, Colombia as anticipated by
MYM. Although the Company considers these assumptions to be reasonable based on information currently available to it, they
may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and
other factors that may cause future results to differ materially from those expressed or implied in such forward-looking
statements. Such risk factors may include, among others, the risk that the terms and conditions of the agreements with Dutch
Passion will not be carried out or satisfied as anticipated, or at all, that MYM will not have access to Dutch Passion’s list of
seeds and cannabis products due to unforeseen complications or, if it does, that such list of seeds and cannabis products will not
be commercially valuable, MYM’s Quebec projects will not be successfully built as planned, the Northern Rivers Project will not be
successfully built as planned, the cannabis production facility will not be successfully built as planned, and the other risks and
uncertainties applicable to the Company's business as set forth in the Company's management discussion and analysis and annual
information form and the Company’s other disclosure available under the Company's profile at www.sedar.com . There can be no assurance that the transactions
contemplated in this news release will complete. Although management of the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and
forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that is
incorporated by reference herein, except in accordance with applicable securities laws. We seek safe
harbor.
Copyright (c) 2018 TheNewswire - All rights reserved.