TORONTO, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Maricann Group Inc. (CSE:MARI) (FRANKFURT: 75M) (OTCQB:MRRCF)
(“Maricann” or the “Company") wishes to make the following statements regarding recent market activity in its common shares traded
on the OTCQB marketplace.
The Company became aware of certain promotional activity on its securities on September 4, 2018 upon receipt of
correspondence from OTC Markets specifically related to certain promotional literature encouraging investors to purchase the
Company's common shares and making certain statements regarding the potential returns on such investment, including certain
promotional newsletter emails. Until being informed by OTC Markets of the promotional material, the Company was unaware of the
promotional activity and remains unaware of the full nature of the promotional activity and the extent of the dissemination. It is
difficult to determine whether the promotional materials resulted in any increased trading activity in the Company's common shares
but the Company believes that recent increases in its share price and trading volume are industry specific as the cannabis sector
and the Company's direct competitors have generally seen an increase in trading activity over the past week.
Upon reviewing the content of the material, it appears that certain of the statements and claims made were taken
from the Company’s website, historical press releases and other public documents, but the Company had no editorial control over the
content of the material. Furthermore, there are statements made which encourage investors to purchase the common shares of the
Company, which only express the view of the authors and the Company disclaims any potentially exaggerated or misleading statements
contained in the material. In addition, the Company has determined that certain statements included in these publications
related to the Company and its business might be read as misleading and/or incomplete and readers should not place undue reliance
on these newsletters or websites. Specifically, the Company does not condone the use of sensational language to describe the
Company’s business prospects or the growth potential of the Company’s industry. The Company does not condone any statements made
regarding the urgency of investing in the Company’s common shares or any other similar statements. Finally, the Company notes
that investing in the Company’s securities involves certain risks and uncertainties which investors should review prior to making
any investment decision. The Company encourages all investors to undertake proper due diligence and carefully consider all
investment decisions. The Company directs potential investors to rely solely on its filings and disclosures made with Canadian
securities regulators, available at www.sedar.com and as posted on the filings and disclosure page for MRRCF on the OTC Markets
website at www.otcmarkets.com.
The Company routinely responds to inquiries from shareholders, potential investors, and investment analysts, and
generates its own Company marketing materials. The Company paid a media service, Tycona Media, to place banner advertisements on
high traffic websites for the cannabis industry, complete with images of one employee and the Company’s historic greenhouse
operations. These media slots were purchased and booked one month in advance. However, to the Company's knowledge, after due
inquiry of management, neither the Company, nor any of its officers, directors, controlling shareholders or any third-party service
providers have directly been involved with the creation or distribution of promotional newsletter emails or websites that make
exaggerated or misleading claims related to the Company and its securities.
After due inquiry of the Company's officers, directors, controlling shareholders and third party service
providers, except for two officers that engaged in a securities lending arrangement (see press release dated August 10, 2018),
neither the Company, nor any of its officers, directors, and to the knowledge of the Company, any controlling shareholders or third
party service providers have sold or purchased the Company's securities within the past 90 days. Such transactions were in
accordance with the Company's insider trading policy and were reported with the System for Electronic Disclosure (www.SEDI.ca).
Since September 1, 2017 the Company has engaged MJM Markets and Consulting (Toronto, Canada; Follow The Money
Investor Group, o/a 2632436 Ontario Limited (Toronto, Canada); Harbor Access LLC (NY, USA); Investing News Network; M. Davis &
Associates Capital Inc (Vancouver, Canada); ERPR AS (Oslo, Norway); BlackX GmbH (Germany); Tycona Media (Vancouver, Canada);
DiePRBerator (Germany); and Prosdocimi (London, UK) at various times to provide investor relations services, public relations
services, marketing, native advertising or other related services including the promotion of the Company, its business and/or its
securities.
The Company has not issued any convertible debt or equity instruments that allow conversion to equity securities
at prices constituting a discount to the current market rate at the time of the issuance.
For further information about Maricann Group Inc., please visit www.maricann.com or view the Company's filings
at www.sedar.com.
About Maricann Group Inc.
Maricann is a vertically integrated producer and distributor of marijuana for medical purposes. The Company was
founded in 2013 and is based in Burlington, Ontario, Canada and Munich, Germany, with production facilities in Langton, Ontario
where it operates a medicinal cannabis cultivation, extraction, formulation and distribution business under federal licence from
the Government of Canada. The Company also has production operations in Dresden, Saxony, Germany and Regensdorf, Switzerland.
Maricann is currently undertaking an expansion of its cultivation and support facilities in Canada in a 942,000 sq. ft. (87,515 sq.
m) and will continue to pursue new opportunities in Europe.
Forward Looking Statements
This news release includes forward-looking information and statements, which may include, but are not limited
to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other
plans, intentions, expectations, estimates, and beliefs of the Company. Forward-looking information and statements involve and are
subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results,
performance, or achievements of the Company to be materially different from future events, results, performance, and achievements
expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking
information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties
inherent in such information and statements, there can be no assurance that any such forward-looking information and statements
will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and
should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and
statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and
disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that
actual events or results could or do differ from those projected in any forward looking information and statements herein, whether
as a result of new information, future events or results, or otherwise, except as required by applicable laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news
release.
For more information about Maricann, please visit our website at www.maricann.com
CONTACT INFORMATION
Investor Relations
Graham Farrell
Director of Investor Relations
graham@maricann.com
647-643-7665
Corporate Headquarters (Canada)
Maricann Group Inc. (Toronto)
845 Harrington Court, Unit 3
Burlington Ontario L7N 3P3
Canada
289-288-6274
European Headquarters (Germany)
Maricann GmbH
Thierschstrasse 3, 80538 Munchen, Deutschland
