FREDERICTON, New Brunswick , May 24, 2018 (GLOBE NEWSWIRE) -- Canada House Wellness Group Inc. (CSE:CHV) (“Canada House” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with The University of New Brunswick (UNB) to provide researchers with opportunities to pursue the health benefits of cannabis.
“We’re excited to be working with Canada House’s team of medical, technological, scientific and business professionals to further build on UNB’s status as the leading academic and research-based university,” said Dr. David MaGee, vice-president of research at UNB.
“Our faculty and staff, combined with Canada House’s professionals, will lead the way in developing and executing multiple shared projects that will be at the forefront of this type of research.”
Canada House is a diversified group of companies with a broad range of expertise relating to the cannabis industry. Through the partnership, UNB and Canada House will provide researchers with opportunities to discover crucial information on the use of cannabis as a medicinal product. It will also allow for shared technology research and development and the exploration of shared education and outreach opportunities.
“We are pleased to be partnering with an academic institution of such high reputation, and rich history, as UNB,” said Larry Bortles, chair and CEO of Canada House. “As our industry continues to grow and expand, we are very excited at the potential of what we will accomplish together to change perceptions, not just in New Brunswick, but globally, of the efficacy of medicinal cannabis and it’s wide range of curative potential.”
The MOU continues UNB’s commitment to strengthening the provincial economy through innovative natural product research.
Potential areas of collaboration between Canada House and UNB include education, technology platforms, analytics and clinical and medical research, as well as plant research and genomics. A working group will be formed soon to identify and prioritize these research and educational projects.
“We are looking forward to starting work together immediately,” declared Dr. MaGee.
Canada House Wellness Group Inc.
Canada House is the parent company of Marijuana for Trauma Inc., Knalysis Technologies and Abba Medix Corp. The Company’s goal is to become a marketplace leader through strategic partnerships, mergers, and acquisitions to create a fully integrated cannabis therapy company. For more information please visit https://www.canadahouse.ca. or www.sedar.com.
About the University of New Brunswick
The University of New Brunswick (UNB) is Canada’s oldest English-language university. Founded in 1785, the multi-campus institution has a rich history and a dynamic focus on innovation, experiential learning and entrepreneurship. UNB has more than 10,500 students from nearly 100 countries while several thousand more take UNB courses online and at partner institutions around the world.
Cautionary Statement Regarding Forward‐Looking Information. Certain statements within this news release pertaining to the Company constitute “forward‐looking statements”, within the meaning of applicable securities laws, including without limitation, statements regarding future estimates, business plans and/or objectives, sales programs, forecasts and projections, assumptions, expectations, and/or beliefs of future performance, are “forward‐looking statements”. Such “forward‐looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements. Forward‐looking statements include, but are not limited to, statements with respect to the anticipated effects of the financing, regulatory changes, timeliness of government approvals for the granting of permits and licenses, changes in medical marijuana prices, actual operating performance of facilities, competition and other risks affecting the Company in particular and the medical marijuana industry generally, including those set out in the Company’s public disclosure record. The Company assumes no responsibility to update or revise forward‐looking information to reflect new events or circumstances unless required by law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
University of New Brunswick Media
Heather Campbell
(506) 649-5697
hcampbel@unb.ca
Boom Capital Markets
Steve Low
647-620-5101
steve@boomcapitalmarkets.com
Canada House Wellness Group, Inc.
Andrew Skaling
(506) 385-2521
andrew.skaling@canadahouse.ca