EXMceuticals Inc. (CSE: EXM) (“EXM” or the “Company”) is pleased to announce that the Canadian Securities Exchange (the “CSE”) has approved the listing of the common shares of EXM. The Company’s shares have commenced trading on the CSE on January 31, 2019 under the trading symbol “EXM”.
A listing statement describing EXM, prepared in accordance with the policies of the CSE, will be made available on the CSE’s website and on SEDAR at www.sedar.com. The information regarding EXM in this press release is qualified in its entirety by reference to the more detailed disclosure included in the listing statement.
EXM’s activities are focused on the sustainable cultivation of cannabis and hemp, and the production of pharmaceutical grade, psychotropic and non-psychotropic cannabis and hemp ingredients for the pharmaceutical, therapeutical and nutraceutical industries. The Company proposes to export the extracted
ingredients to international markets.
EXM, through its subsidiary and in-country partner, holds the rights to a cannabis license in the Kuba Kingdom, Mweka, Kasai Province, Democratic Republic of Congo, and the rights to a land concession for the cultivation of cannabis and hemp, and processing and export of high-grade pharmaceutical cannabinoid ingredients.
EXM is in the process of applying for a license in Portugal for the establishment of a laboratory for research, a nursery, and a center for processing and distribution. In addition to its more scientific mandate, the facility is proposed to be used by EXM as its base for distribution in the EU. EXM has initiated discussions with its university partners, Universidade Nova de Lisboa and Universidade Lusofona, and the government licensing authorities to obtain research & development, import, transformation and export licenses, which would enable EXM to establish its research and lab facilities, and confirm Portugal as the trans-shipment point for North America and Europe. Pending receipt of the license, EXM proposes to proceed with its R&D program, lab work and testing under the licenses that its university partners have already obtained.
EXM has submitted applications and undertaken negotiations with local governments and partners in Ethiopia, Uganda, Malawi, Zambia and Burundi, in order to obtain licences to permit the cultivation of cannabis and hemp, as well as the processing, transformation and export of psychotropic and nonpsychotropic cannabinoid ingredients. In Ethiopia, EXM is in its final stage of negotiation with the government for an agro-industrial park, of 10,000 acres encompassing a free trade zone. In addition, EXM is in the process of obtaining a license in each of Uganda and Malawi, in partnership with a large local agro producer, to enable the import of cannabis grown at other EXM sites in Africa.
ON BEHALF OF THE BOARD OF DIRECTORS OF EXMCEUTICALS INC.
Chief Executive Officer and Director
For further information contact:
John Anderson, Director
Telephone: +1 403-870-1562
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “expected”, “vision” or variations of such words and phrases or statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the Company’s activities and business operations are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of EXM to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. 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 forward-looking statements and forward-looking information. EXM will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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