Empower Clinics Encouraged by US Drug Enforcement Administration’s (DEA) Decision on CBD-based Treatment
October 01 2018 - 8:01AM
Business Wire
Empower Clinics Inc. (OTC: EPWCF; CSE: EPW; FRA 8EC), a leading
owner and operator of medical cannabis and wellness clinics in
the US, today issued a statement regarding the US Department of
Justice and Drug Enforcement Agency’s (DEA) decision late last week
to place a cannabidiol (CBD)-based treatment, Epidiolex, in
schedule V of the Controlled Substances Act (CSA), the least
restrictive schedule of the CSA.
In June, the Food and Drug Administration (FDA) announced that
it approved Epidiolex for treating two severe form of epilepsy.
Epidiolex is the first FDA-approved drug to contain CBD.
“We are very encouraged by this move, as we believe it will set
the stage for potentially more Federally approved medications with
CBD,” said Craig Snyder, Empower CEO. “We are prepared to launch
our company’s own base of branded CBD products in the very near
future and are pleased to see a greater openness at both state and
Federal levels to the considerable benefits associated with
CBD.”
According to Snyder, Empower’s products will specifically target
common medical conditions involving pain, sleep, stress, and
digestion. The products, to be available as tinctures or topical
creams, are non-THC CBD, meaning that they are non-psychotropic:
they do not directly affect mood, perception, or consciousness.
ABOUT EMPOWER
Empower is a leading owner and operator of medical cannabis
and wellness clinics, as well as a developer of medical products in
the US, focused on enabling individuals to improve and protect
their health. The company provides treatment solutions through its
physician-staffed clinics that are focused on education, data, and
efficacy. Empower is a recognized leader and the first choice for
patients seeking quality experience and improved health.
For further information about Empower please see the Company’s
website at empowerclinics.com.
Certain statements included in this press release constitute
forward-looking information or statements (collectively,
“forward-looking statements”), including those identified by the
expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”,
“intend”, “may”, “should” and similar expressions to the extent
they relate to the Company or its management. Forward-looking
information contained in this news release includes, but is not
limited to, the delisting of the Common Shares from the TSXV, the
listing of the Common Shares on the CSE and the future growth plans
of the Company. The forward-looking statements are not historical
facts but reflect current expectations regarding future results or
events and are therefore based on current expectations and various
estimates, factors and assumptions and involve known and unknown
risks, uncertainties and other factors.
Neither the TSXV, the CSE nor their Regulation Services Provider
(as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20181001005363/en/
For Empower Clinics Inc.Investors:Boom Capital MarketsSteve Low,
647-620-5101steve@boomcapitalmarkets.comorPress:Mark Peterson,
206-390-0204Mark@pointerpr.com
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