ECH Plans First UK-Wide Network of Specialist Medical Cannabis Clinics
TORONTO, March 4, 2019 /CNW/ - SOL Global Investments Corp.
("SOL Global" or the "Company") (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) is
pleased to provide an update on the operations of one of its significant international investments, European Cannabis Holdings
("ECH"). In February 2019, ECH celebrated a historic milestone by becoming the first company
in the United Kingdom to facilitate the importation of a bulk shipment of medical cannabis.
In another groundbreaking move, ECH last week announced plans to open "The Medical Cannabis Clinics," a network of specialist
clinics around the UK, a significant step forward for patients living with a range of chronic and debilitating
conditions.
The clinics, which intend to open their doors in major cities in the UK this spring, will become the first in the UK to offer
cannabis-based therapy and prescription cannabinoids, and will focus on treating patients with serious conditions including
chronic pain, neurological and psychiatric problems who have exhausted all existing treatment options, and where medical cannabis
has been proven to deliver significant therapeutic benefit.
SOL Global last week announced the closing of its latest investment in ECH. The latest investment brought SOL
Global's total position in ECH to approximately 19.4% of the total issued and outstanding ordinary shares of ECH.
The opening of the chain of private clinics follows the UK Home Office's decision to reschedule medical cannabis in November.
Despite the change in the law, only four patients have successfully accessed this treatment via the NHS, meaning the clinics will
act as a lifeline to those who have thus far struggled to access this treatment. The barriers to access, which include
establishing exceptional clinical circumstances, exhausting all lawful alternatives, gaining agreement from an NHS Trust Medical
Director, and engaging a specialist doctor to accept liability, mean that patients are generally unable to secure this treatment
via the NHS. These clinics will offer a framework under which patients can access the medication they need and alleviate
avoidable suffering.
The clinics will specialize in innovative cannabis-based therapy and prescription cannabinoids and be open to patients
following specialist referral. This includes potential relief from chronic pain conditions including arthritis,
fibromyalgia, nerve conditions, muscle cramps (spasticity); treating neurological conditions such as epilepsy, multiple
sclerosis, Alzheimer's and Parkinson's disease; and addressing psychiatric problems such as depression, anxiety and
post-traumatic stress disorder (PTSD).
Professor Mike Barnes, a consultant neurologist and SOL's chief medical officer, will serve as
the Clinical Director of the Clinics. Dr. Barnes was responsible for obtaining the first medicinal cannabis license for
Alfie Dingley. He is also one of the world's foremost experts in medical cannabis, whose 2016
report 'Cannabis: The Evidence for Medical Use' helped pave the way for legalization of medical cannabis.
"ECH has proven time and again to be a leader in the European cannabis market. As the UK medical cannabis market continues to
open up, ECH's cohesive network of companies will be instrumental in providing patients with much needed access to the potential
therapeutic treatments offered by CBD and cannabis. We're confident that ECH offers our Shareholders the best opportunity
available to access the growth of the European market through investment," said Brady Cobb, Chief
Executive Officer of SOL Global. "ECH management, led by Rob Reid, is one of the most
forward-thinking teams I've seen, equipped with the expertise needed to become a market leader. SOL Global fully stands behind
ECH's vision to opening up market access to medical cannabis in the UK."
"These clinics represent a much-needed framework to enable access to treatments for a range of serious illnesses and brings
the UK into line with other countries when it comes to pain management," said Dr. Barnes, Clinical Director of The Medical
Cannabis Clinics. "The hope is that over time, patients all around the UK will have access to the relief that they are looking
for."
Cautionary Statements
This press release contains "forward-looking information" within the meaning of applicable securities laws. All
statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases,
forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would",
"plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar
words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or
by discussions of strategy. Some of the forward-looking information contained in this press release include, but are not limited
to, statements with respect to: ECH's strategic plans and the opening of private clinics in the UK specializing in medical
cannabis therapies; the potential therapeutic benefits of medical cannabis; and expectations regarding the future medical
cannabis market in the UK and Europe.
Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making
a forecast or projection, including management's perceptions of historical trends, current conditions and expected future
developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these
assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations
will prove to be correct.
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific
and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be
accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety
of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ
materially from the forward-looking information in this press release. Such factors include, but are not limited to: the
Company's ability to comply with all applicable governmental regulations in a highly regulated business; investing in target
companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under
US federal laws; changes in laws; limited operating history; reliance on management; requirements for additional financing;
competition; inconsistent public opinion and perception regarding the medical-use and adult-use marijuana industry; and
regulatory or political change. Additional risk factors can also be found in the Company's current MD&A and annual
information form, both of which have been filed on SEDAR and can be accessed at www.sedar.com.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put
undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this
press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking
information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a
result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference
between subsequent actual events and such forward-looking information, except as required by applicable law.
The securities referred to in this news release have not been and will not be registered under the United States Securities
Act of 1933, as amended ("U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent such registration or an
applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute
an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.
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SOURCE SOL Global Investments Corp.
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