TORONTO, Dec. 28, 2018 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSXV: LABS) (the “Company” or
“MediPharm Labs”), a specialized, research driven cannabis extraction business licensed under the Cannabis Act, is
pleased to announce its addition to the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) (“HMMJ” or “ETF”). The addition of
MediPharm to the HMMJ Index is a significant milestone and another important step in the Company’s evolution as a leader in
purified cannabis extraction.
HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance
of the North American Marijuana Index, net of expenses. This index is designed to provide exposure to the performance of a basket
of North American publicly listed life sciences companies with significant business activities in the Marijuana industry. The North
American Marijuana Index selects from a current universe of companies that have operations that may include one or more of
biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the Marijuana
industry.
Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that
point, all stocks eligible for inclusion are weighted by their respective market capitalization. However, no single stock can
exceed a 10% weight of the North American Marijuana Index at the rebalance date. The holdings of HMMJ and its current portfolio
weights are regularly updated and available at www.HorizonsETFs.com/HMMJ.
About MediPharm Labs Corp.
Founded in 2015, MediPharm Labs is a pioneer in the cannabis industry and has the distinction of being the first company in Canada
to become a licensed producer for cannabis oil production under the Access to Cannabis for Medical Purposes Regulations
(ACMPR) without first receiving a cannabis cultivation licence. This expert focus on cannabis concentrates from its cGMP (current
Good Manufacturing Practices) and ISO standard-built clean rooms and critical environments laboratory, allows MediPharm Labs to
work with its established, Health Canada-approved cultivation partners to produce pharmaceutical-grade cannabis oil with a
competitive advantage. MediPharm Labs is research-driven and focused on downstream secondary extraction methodology, distillation,
and cannabinoid isolation and purification. MediPharm Labs provides B2B contract processing of cannabis to Canadian authorized
licensed producers and appropriate international growers, supplying integrity-assured cannabis oil to qualified companies for sale
under their own brand. In addition, MediPharm Labs will supply raw materials, formulations, processing and packaging for the
creation of ready-to-sell advanced derivative products. MediPharm Labs was awarded Start-Up Of The Year at the recent Canadian
Cannabis Awards hosted by Lift & Co.
Through its subsidiary, MediPharm Labs Australia Pty. Ltd., MediPharm Labs has also completed its application process with the
federal Office of Drug Control to extract and import medical cannabis products in Australia.
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For further information, please contact: |
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Laura Lepore, Vice President, Investor Relations & Communications |
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Telephone: |
705-719-7425 ext 216 |
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Email: |
investors@medipharmlabs.com
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:
This news release contains “forward-looking information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the
date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does
not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”,
“believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or
“could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be
forward-looking statements. In this news release, forward-looking statements relate to, among other things, expected GMP
certification and the establishment of operations in Australia. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other
factors which may cause the 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, competitive, political and
social uncertainties; the inability of MediPharm to obtain adequate financing; and the delay or failure to receive regulatory
approvals. 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 the
forward-looking statements and information contained in this news release. Except as required by law, MediPharm assumes no
obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they
change.