Cannabis Technologies Commences Trading on CSE
21 May 2014 - 8:00PM
Marketwired
Cannabis Technologies Commences Trading on CSE
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) -
Cannabis Technologies Inc. (CSE:CAN) is pleased to announce that it
has completed the acquisition of BSI Sciences (see NR dated May
16, 2014) and has commenced trading on the Canadian Stock
Exchange under the new symbol "CAN".
The Company will pay a finder's fee with respect to the
acquisition of the shares of BSI Sciences. The finder's fee is
payable to an individual and complies with the policies of the
CSE.
About Cannabis Technologies ("CTI")
CTI is a biopharmaceutical drug discovery and development
company uniquely focused on the therapeutic potential of
cannabinoids. The company consists of two divisions:
Drug Discovery &
Development - CTI is utilizing its proprietary
"Cannabinoid Drug Design Platform" to identify new
bioactive compounds within the marijuana plant that interact with
certain gene responsible for specific diseases. CTI's extensive
research and intellectual properties will initially be focused on
the development of several new cannabinoid based treatments for
glaucoma, cancer & angiogenesis, Inflammation and pain.
Cultivation &
Breeding - CTI's botanical research division has begun the
research & development into the individual strains and clones
that will produce the raw material bases for future pharmaceutical
research. To comply with the demands of the Pharmaceutical
industry, a phytopharmaceutical feedstock must meet high
expectations regarding the minimum and maximum content of a range
of compounds. Cultivation techniques and pharmaceutical levels of
exacting chemical consistency are critical for all applications to
regulatory authorities.
ON BEHALF OF THE BOARD
Craig Schneider, President and CEO
For further information, please visit the company's website at
www.cannabis-tech.com.
Forward Looking Statements
This news release may contain forward-looking statements and
information based on current expectations. These statements should
not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from those implied by such statements.
Although such statements are based on management's reasonable
assumptions, there can be no assurance that such assumptions will
prove to be correct. We assume no responsibility to update or
revise them to reflect new events or circumstances.
Additionally, there are known and unknown risk factors which
could cause Cannabis Technologies actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained herein.
All forward-looking information herein is qualified in its
entirety by this cautionary statement, and Cannabis Technologies
disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of
any revisions to any of the forward-looking information contained
herein to reflect future results, events or developments, except as
required by law.
These risks and uncertainties include, among others, the
possibility that clinical trials will not be successful, or be
completed, or confirm earlier clinical trial results, risks
associated with obtaining funding from third parties, risks related
to the timing and costs of clinical trials and the receipt of
regulatory approvals
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS
SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Cannabis Technologies Inc.Craig SchneiderPresident and Chief
Executive
Officer604.669.7207604.683.2506info@cannabis-tech.comwww.cannabis-tech.com
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