Abattis Announces Successful Closing of Pro Natura Acquisition
May 21 2019 - 3:58PM
Abattis Bioceuticals Corp (the
“
Company" or "
Abattis") (CSE:ATT)
(OTC:ATTBF) is pleased to announce that, further to its news
release dated April 2nd, 2019, the Company’s wholly-owned
subsidiary, 1185277 B.C. Ltd. (the “
Acquisition
Subsidiary”) has successfully closed the acquisition (the
“
Acquisition”) of Pro Natura BV (“
Pro
Natura”).
Company Newsletter
Abattis is also pleased to announce that it will
be relaunching its Company Newsletter (the
“Newsletter”), which has been designed to
complement the Company’s continuous disclosure, and provide
cannabis industry highlights as they pertain to the Company. The
first issue of the Newsletter will also provide answers to various
Frequently Asked Questions (“FAQs”) we have
recently received from our stakeholders. To receive the Newsletter,
investors and stakeholders are encouraged to sign up at
www.abattis.com/newsletter.
About Abattis Bioceuticals
Corp.
Abattis is positioned to be a leader in the
cannabis industry as a fully integrated medicinal cannabis company.
In addition to the Company’s flagship cultivation asset located on
British Columbia’s Gabriola Island, Abattis is aggressively
building its portfolio of assets including through the acquisition
of 140 genetic strains and a robust portfolio of fertilizers and
nutrients, custom formulated for the emerging cannabis market.
Abattis’ products and services divisions include
its Abattis-branded vaporizer line, as well as the proprietary
cannabinoid therapeutic, COMFORT™, formulated to treat chronic pain
and inflammation. Abattis continues to service the cultivation
industry through its service agreements with licensed laboratory
Northern Vine Canada Inc., and Dicentra Inc., one of Canada’s
largest regulatory advisory firms.
Abattis continues to pioneer cutting-edge
research in partnership with the University of British Columbia and
Mitacs, to research and develop nanoemulsified cannabinoid-rich
hemp oil and cannabinoid-infused products. Abattis has also
solidified key investments into XLABS Therapeutics (ONT) Inc.,
building one of Canada’s largest cannabinoid manufacturing labs, as
well as blockchain service and cryptocurrency platforms focused
solely on cannabis product and service transactions.
ABATTIS BIOCEUTICALS CORP.
“Rob Abenante”
Robert Abenante, President & CEO
For more information, please visit the Company’s
website at: www.abattis.com
For inquiries please contact (808) 650-3007 or
at investors@abattis.com. Abattis’ investor relations are managed
by Canada One Communications Inc.
About Canada One Communications
Inc.
Canada One Communications Inc. (“Canada
One”) is a full-service Investor Relations and Marketing
company that focuses on both private and public sectors within the
Canadian markets.
For more information please
visit www.canadaone.media
FORWARD LOOKING INFORMATION
Certain statements contained in this release
constitute “forward–looking statements” or “forward-looking
information” (collectively “forward-looking information”). These
statements relate to future events or future performance. The use
of any of the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated”, “anticipates” and similar expressions and
statements relating to matters that are not historical facts are
intended to identify forward-looking information and are based on
the Company’s current belief or assumptions as to the outcome and
timing of such future events. Actual future results may differ
materially. Such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause actual
performance and financial results in future periods to differ
materially from any projections of future performance or result
expressed or implied by such forward-looking statements. Such risks
and uncertainties include, without limitation, risks with respect
to: the ability of Abattis to establish a market for its products
and services; competitive conditions in the cannabis and
nutraceutical industries; general economic conditions; competition
for, among other things, capital and skilled personnel; potential
delays or changes in plans with respect to deployment of services
or capital expenditures; the possibility that government policies
or laws may change and may regulate the products and services
provided by or to be provided by Abattis; Abattis not adequately
protecting its intellectual property; regulatory risks relating to
Abattis’ businesses; and technological change. Although
forward-looking statements contained in this release are based upon
what management of the Company believes are reasonable assumptions,
there can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Company undertakes no obligation to update forward-looking
statements if circumstances or management’s estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements.
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