MONTREAL, Dec. 17, 2018 (GLOBE NEWSWIRE) -- TERRANUEVA CORPORATION (“Terranueva” or the “Company”) announced that its common shares (“Common Shares”) will be listed and begin trading today on the Canadian Securities Exchange (the “CSE”) under the ticker symbol “TEQ”. Terranueva Pharma is a private Québec-based Company operating in L’Assomption (Québec) that intends to become a major producer of cannabis.
“The listing of our Common Shares is an important milestone for Terranueva, providing us more credibility and access to capital. To achieve our goal, Terranueva is implementing a modular production approach incorporating the latest advances and innovations in process automation” said Pierre Ayotte, President and Chief Executive Officer of Terranueva. “We welcome new investors to take a closer look at the opportunities available to Terranueva Corporation”.
A Listing Statement (Form 2A) with information about Terranueva prepared in accordance with the policies of the CSE has been filed on SEDAR at sedar.com. Terranueva recently completed a reverse takeover (RTO) of a Canadian public company, Axe Exploration Inc. which has been renamed Terranueva Corporation.
At the time of Listing, Terranueva has 31,663,293 Common Shares outstanding. Approximately 17,699,852 Common Shares are held by related persons or employees. The remaining 13,963,441 Common Shares are considered the public float.
Terranueva’s Business
The Corporation aspires to be at the forefront of research and development focused on therapeutic cannabis treatments. The principle mission of Terranueva is to enhance the lives of those who experience chronic pain, migraines, sleeping disorders or anxiety, through innovative approaches to cannabis-related treatment. Terranueva’s business vision is to produce cannabis to the highest standards in terms of effectiveness, quality and stability. As a technology driven company, we aim to develop the most sophisticated automated cannabis production system that will help to create traceability of our product and increase the yield of each of our strain to produce a premium quality product in the most efficient manner.
Learn more about Terranueva at terranueva.ca
CSE nor its regulation services provider (as that term is defined in its policies) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
| For Terranueva Corporation : |
| Pierre Monet, Chief Financial Officer |
| Telephone : (514) 883-8733 |