Ancient Strains Limited (“Ancient Strains” or the “Company”) is pleased to announce a private placement offering for up to $3,000,000 (the “Offering”) to commence funding the earn-in and development of production facilities pursuant to its Definitive Agreement with Cannabis Uruguay Limitada (“CUL”) as disclosed in our June 20, 2018 press release.

Under the terms of the Offering, Ancient Strains will issue up to 7,500,000 units at a price of $0.40 per unit ( a “Unit”); each Unit will consist of one Ancient Strains common share (a “Common Share”) and one half of one Common Share purchase warrant. Each whole warrant will be exercisable into one Common Share at an exercise price of $0.60 for 36 months from the date the Ancient Strains shares are listed for trading on a Canadian public stock exchange. The proceeds will be used for financing near term obligations in Uruguay, advancement of other international opportunities, product marketing, and for general working capital. Ancient Strains will pay a finder’s fee of 7% cash commission and 7% finders’ warrants. Each finders’ warrant is exercisable into one common share at the Offering Price for a period of 36 months from the date the Ancient Strains shares are listed for trading on a Canadian public stock exchange.

“We are very pleased to commence the expansion of the CUL facility in Uruguay and to prepare for the first harvest and oil extraction in 2018. This marks another step in our growth in three key regions: South America, North America/Europe, and south Asia/Africa. These regions combine growth opportunities, and future markets as medicinal cannabis and its extracts become aglobal industry. As a Canadian company, we intend to assist other countries and markets in realizing the medical and economic benefits of this unique plant.” stated President Samir Biswas.


  • First test harvest in August and purchase of oil extraction equipment;
  • Commencement of greenhouse construction on 2 hectare (215,000 sq ft) property;
  • Acquisition of 30 hectares (3.2 million sq ft) of adjacent property for staged future expansion.


  • One or more agreements in India by August 31;
  • Ongoing development of markets for CBD and other extracts in Canada and abroad;
  • Completion of a go-public transaction anticipated in Q4 of 2018;
  • Completion of a license permit in one other world class grow location anticipated in 2019.

This Press Release is available on the Company’s website

About Ancient Strains

Ancient Strains Limited is a Canadian federally registered company planning to become a vertically integrated international producer of cannabis extracts required for medicinal purposes.

The Ancient Strains’ goal is to develop low cost production and extraction near key markets, and in collaboration with industry leaders that are experts in their fields, develop innovative strains of cannabis genetics that will have a positive impact on people’s health worldwide.


This press release may contain certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks which may be detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, when applicable, which filings would be found at upon such time the Company becomes a reporting issuer. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

This document has not been filed with any Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or other authority that has verified the adequacy or accuracy of this release.

For further information contact
Daryl Hodges, Chairman and CEO Tel (647) 271-3817
Samir Biswas, President and COO Tel: (416) 545-7214


Agreement propels development of safe and effective proprietary products and formulations for the emerging psychedelic industry

Optimi Health Corp. (CSE: OPTI) (“Optimi” or the “Company”), developers of a vertically integrated functional mushroom brand focused on the health and wellness sector, is pleased to announce that effective January 4, 2021, it entered into a lab services agreement with Numinus Wellness Inc. (“Numinus“). Recognized as an early leader in developing and supporting the safe, evidence-based, accessible use of psychedelic-assisted psychotherapies (PAP), Numinus is aiding Optimi’s mission to further the research and development of Canadian-grown psilocybin-producing mushrooms and related product formulations.

Keep reading... Show less

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf”, “OILS”, or the “Company”), the world’s most innovative cannabis processor, is pleased to provide shareholders with the following corporate update:

Nextleaf Comments on Financial Results from Q1 Financials

Keep reading... Show less

Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”) reported its second quarter results for the period ended December 31, 2020. A complete set of financial statements and Management’s Discussion & Analysis has been filed at All dollar figures are quoted in Canadian dollars.

The second quarter of FY21, saw continued momentum for the Company despite ongoing pandemic related challenges. Net revenue grew 8% to $745,748 from $689,276 versus the same quarter year ago. The Company also saw significant improvement on its bottom line, reducing its net loss by 50% from ($.956) million to ($.481) million, year over year for the quarter, as a result of improved gross margin and cost management efforts. On December 9, 2020, the company announced the closing of the acquisition of substantially all of the assets of Lexaria Canpharm (“Canpharm“), the cannabis products division of Lexaria Biosciences, resulting in the addition of a new B2B Line of Business.

Keep reading... Show less

Royalty Model Provides Access to Early Stage Licenced U.S. Cannabis Companies and Leverage to High-Margin Revenues

FinCanna Capital Corp. (“FinCanna” or the “Company”) (CSE:CALI), a royalty company for the licensed U.S. cannabis industry, is pleased to provide a corporate update further to its recently announced upsized financing of $2 million

Keep reading... Show less

Significant progress made as Numinus-sponsored PRIME study on psilocybin-assisted psychotherapy for opioid, stimulant and/or alcohol use disorders enters pre-implementation stage

Numinus Wellness Inc. (“Numinus” or the “Company”) (TSXV: NUMI), a company creating an ecosystem of health solutions centered around developing and supporting the safe, evidence-based, accessible use of psychedelic-assisted psychotherapies (PAP), and Syreon Corporation (Syreon), a global contract research organization with expertise in conducting clinical trials across a broad range of diseases, are pleased to share that significant progress has been made in the single-arm, open-label compassionate access 1 trial of Psilocybin-Research Intervention with Motivational Enhancement (PRIME) for substance use disorders. Currently in the development stage, the PRIME study will assess the efficacy and safety of psilocybin-assisted motivational enhancement therapy.

Keep reading... Show less