Roadman Investments Enters Into Advisory Agreement With Canadian Alternative Medicine Incubator, IP Aggregator and Solutions ...
16 September 2019 - 10:00PM
Roadman Investments Corp. (TSXV: LITT) (FWB: 1QD) (OTC: RMANF)
(“
Roadman Investments” or the
“
Company”) is pleased to announce the Company has
entered into a corporate advisory agreement (the “Advisory
Agreement”) with AltMed Capital Corp. (“AltMed”). AltMed is a
Canadian alternative medicine business incubator, intellectual
property (“IP”) aggregator and solutions provider; mandated with
accelerating advancements in the alternative medicine arena.
AltMed deploys its diverse network of corporate
advisors, clinical practitioners, licensed pharmacists and legal
counsel to provide:
- Development of Standard Operating Procedures (“SOPs”) for drug
discovery;
- Intellectual property formation, advancement and
protection;
- Regulatory advocacy and risk assessment;
- Clinical trial process development;
- Sourcing of Qualified Professionals; and
- Laboratory Testing.
AltMed is currently focused on the development
of cGMP production and formulation of bioactive compounds extracted
from plants and fungi. AltMed aims to leverage its expertise,
talent and partnerships to accelerate the pace at which psychedelic
compounds are commercialized.
Mr. Jay Khetia, a clinical advisor at the Leslie
Dan Faculty of Pharmacy, University of Toronto spearheads AltMed’s
alternative medicine business incubator and consultancy arm. Mr.
Khetia graduated from the Faculty of Pharmacy, University of
Brighton with an honours degree in Pharmacy specialising in
Pharmacognosy, the study of medicinal plants. Mr. Khetia’s diverse
experience includes a role as a staff pharmacist at Boots the
Chemist, Pharmacy manager of Moss Chemists in Eastbourne in the
United Kingdom and Big Bear Pharmacy where he won the prestigious
pharmacy of the year award for Sydney, Australia.
Jay currently holds his Pharmacy license in
Canada, Australia and England, and strongly believes that
alternative health innovations have the potential to treat patients
for various chronic diseases, including PTSD, depression and
anxiety.
Luke Montaine, Chief Executive Officer and a
Director of Roadman Investments stated: “Roadman is elated to
welcome the experienced team at AltMed Capital as an advisory
client. Together, the Companies boast access to a robust portfolio
of resources, which will further expedite our pursuit in
championing material advancements within the alternative medicine
arena.”
The Advisory Agreement permits the Company to
provide advice for corporate actions, including reviewing potential
transactions, assisting with alternative financing solutions, and
facilitating introductions to strategic partners. Under the terms
of the Advisory Agreement, AltMed will compensate the Company
C$1,000 for every five-hour block of advisory services provided by
the Company or its agents up to a maximum of $20,000 in any one
month.
Under the terms of the Advisory Agreement, the
Company may advance finances in exchange for non-interest-bearing
promissory notes payable to the company. The company has not
committed to any advances at this time. In the event that the total
of advanced finances, reimbursable expenses payable or outstanding
cash fees payable exceeds $50,000, the company will have the
following rights:
- To appoint a director
(subject to necessary corporate approvals), inspect records, attend
meetings and participate in negotiations;
- A right of first refusal to
participate in any future equity offerings conducted at a price of
five cents per share or higher;
- The Company and AltMed are arm's
length and no securities have been issued to either party.
About AltMed Capital Corp.
AltMed Capital is a leading alternative
medicine business incubator, IP aggregator and solutions provider
mandated with accelerating advancements in the alternative medicine
arena: https://altmed.capital/.
About Roadman Investments
Roadman Investments is a Canadian Venture Capital and Advisory Firm
that strives to actively drive innovation and accelerate growth
within its portfolio holdings in order to realize alpha returns for
its shareholders. Roadman invests capital into companies that offer
breakthrough products, devices, treatments and health
supplements.
For further information, please contact:
Media Contact:Nikolai Vassev
nik@roadmaninvestments.com+1 778-772-1751
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements –
This news release contains certain forward-looking statements,
including statements regarding the business of the Company. These
statements are subject to a number of risks and uncertainties.
Actual results may differ materially from results contemplated by
the forward-looking statements. When relying on forward-looking
statements to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and should
not place undue reliance on such forward-looking statements. The
Company does not undertake to update any forward looking
statements, oral or written, made by itself or on its behalf except
as required by law.
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