TORONTO, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“Emblem” or the “Company”)
through its wholly-owned subsidiary Emblem Cannabis Corporation, a licensed producer of medical cannabis under the Access to
Cannabis for Medical Purposes Regulations (“ACMPR”), and Natura Naturals Holdings Inc. (“Natura”) announced the termination of
their letter of intent as of 5 p.m. EST on September 13, 2018.
“Emblem looks forward to maintaining its strong business relationship with the Natura team as both a shareholder and in
connection with our existing 3,000 kg supply agreement in the coming years,” said Nick Dean, CEO of Emblem Corp.
In addition, as previously announced, Emblem recently provided $2 million of advanced funding to Natura for the expansion of its
facility (the “Funding”). The Funding is comprised of a one-year convertible debenture for an aggregate principal amount of up to
$2 million, with an interest rate similar to Natura’s other funding obligations and can be pre-paid at any time during the term.
The first tranche of $500,000 was advanced on August 23, 2018, with subsequent payments made on August 30, September 6 and
September 13, 2018. The Funding is convertible into Natura shares at $0.80 per share plus one full share purchase warrant
exercisable at $1.05. In the event Emblem elects to convert the Funding into Natura shares, Natura and Emblem would concurrently
enter into an additional 2,000 kg supply agreement on substantially the same terms as the supply agreement completed on July 17,
2018.
About Emblem
Emblem, through its wholly-owned subsidiary Emblem Cannabis Corporation, is a fully integrated licensed producer and distributor of
medical cannabis and cannabis derivatives in Canada under the ACMPR. Emblem’s state-of-the-art indoor cannabis facility and
research and development laboratory is located in Paris, Ontario. Led by an experienced management team of healthcare executives,
accomplished marketing professionals, and cannabis experts, Emblem is focused on driving shareholder value through product
innovation, brand relevance, and access to patient and consumer channels. Emblem is also the parent company of GrowWise Health
Limited, one of Canada’s leading cannabis education services. Emblem trades under the ticker symbol EMC on the TSX Venture
Exchange. For more information visit www.emblemcorp.com.
About Natura
Based in Leamington, Ontario, Natura Naturals is a licensed cultivator of medical cannabis pursuant to the ACMPR. The company’s
cultivation facility is capable of producing plants in a 662,000+ square feet greenhouse facility under optimal growing conditions.
Natura grows high-quality hydroponic cannabis which can be used for various medical and recreational applications. Natura has an
extensive genetics library and continues to develop innovative products for the Canadian and International marketplace.
For media inquiries, please contact:
Morgan Cates
H+K Strategies
416.413.4649
Morgan.cates@hkstrategies.ca
For investor inquiries, please contact:
Ethan Karayannopoulos
Investor Relations
Emblem Corp.
647.748.9696
ethank@emblemcorp.com
Alex Stojanovic
Chief Financial Officer
Emblem Corp.
416.923.1331
alexs@emblemcorp.com
Alexander Logie
SVP Business Development
Natura Naturals Inc.
647.216.8997
logie@naturanaturals.ca
Ian Atacan
Chief Financial Officer
Natura Naturals Inc.
416.562.3220
ian@naturanaturals.ca
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as
"forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of
present or historical fact are forward-looking statements, including statements with respect to the proposed acquisition of Natura.
Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could",
"believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project",
"should" or similar words, including negatives thereof, suggesting future outcomes. Management of the Company believes the
expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material
factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in
forward-looking statements. Those material factors and assumptions are based on information currently available to the Company,
including data from publicly available governmental sources as well as from market research and industry analysis and on
assumptions based on data and knowledge of this industry which the Company believes to be reasonable. However, although generally
indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. While
the Company is not aware of any misstatement regarding any industry or government data presented herein, the cannabis industry
involves risks and uncertainties and is subject to change based on various factors.
Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and
unknown risks and uncertainties, many of which are beyond the control of the Company, which may cause actual performance and
results to differ materially from any projections of future performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not limited to, the risks identified in Emblem’s December 31, 2017
Management's Discussion and Analysis which has been filed with the Canadian Securities Administrators and available on
www.sedar.com. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no
obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this Press release.
