Abattis Bioceuticals Corp (the
“
Company" or "
Abattis") (CSE:ATT)
(OTC:ATTBF) is pleased to announce the launch of its new website
and provide an operational update.
Launch of New Marketing
Materials
Abattis has recently unveiled its new marketing
and branding materials, developed in conjunction with media company
Canada One Communications Inc. (“Canada One”).
Marketing materials include an updated website, corporate
presentation and conference materials all highlighting Abattis’ new
brand imagery (“new marketing materials”).
The new marketing materials now reflect the
Company’s focus on its primary business lines which are: 1)
Cultivation 2) Products and 3) Services. Under the
Cultivation division, the new marketing materials feature up to
date information on Gabriola Green Farms
(“Gabriola”) and the recent acquisition of Select
Strains Genetics (“Select Strains”). Under
the Products division, the new marketing materials reflect the
Company branded Vaporizers, which can be purchased directly from
the Company’s website as well as the Company’s recently launched
COMFORTTM therapeutic, which can also be purchased
on the website through the Company’s wholly-owned subsidiary,
Vergence Naturals Ltd. (“Vergence”). Under
the Services division, the new marketing materials reflect the
Company’s many service offerings such as regulatory advisory,
formulation, research and development. The Company’s new
corporate presentation can be downloaded directly from the
Company’s website.
“We are really excited to share the new
direction that Abattis is going in 2019, and as such there was a
need for a refresh that would convey a streamlined,
vertically-integrated cannabis company,” stated Rob Abenante,
President and CEO of Abattis.
O’Cannabiz Conference and
Expo
Abattis is also pleased to share highlights from
its presence at the recent O’Cannabiz Expo and Conference
(“O’Cannabiz”). Abattis investors and other
industry professionals met with the Abattis Team from December
10-11th at the Parq Casino in Vancouver, BC, which had over 200
industry and media speakers. The conference was filled with
cannabis industry businesses and interested parties and Abattis was
able to display COMFORTTM, the cannabinoid infused
nutraceutical developed and distributed through Vergence. The
Company also had on display its full line of vaporizers, which were
available for investors to demo and purchase. The focus of the
event for the Company was to meet with investors and shareholders
and answer questions, show case the Company’s new product lines and
demonstrate their vision for the future of Company, which focuses
on revenue generating business lines.
“The reception of our team and the new visual
direction was an outstanding success at O’Cannabiz and going
forward we will continue to keep the public updated on the
development of the Abattis brand,” stated Patrick Mitchell, COO of
Abattis.
Acquisition Update
On November 22, 2018, Abattis acquired (the
“Acquisition”) all of the issued and outstanding
common shares of Select Strains in exchange for the issuance to
Select Strains’ former shareholder of 41,666,667 Abattis common
shares at a deemed price of $0.12 per share, for an aggregate
deemed issue price of $5 million. Select Strains has a portfolio of
over 140 laboratory-tested craft cannabis strains, which Abattis
hopes to leverage through licensing arrangements, clone
fulfillment, tissue culture and strain patenting services and
eventually through its late-stage ACMPR licensed producer
applicant, Gabriola. Due to an oversight, the Company did not
timely disseminate a news release or file a Form 9 – Notice of
Issuance of Securities with the Canadian Securities Exchange
respecting the closing. The Company confirms that it has now filed
the required Form 9 and apologizes to its shareholders for the
delay in informing them of the closing.
“We are excited to have completed the
Acquisition and apologize for our delay in updating our
shareholders and the investment community at large. We remain
committed to transparent and timely disclosure and have taken
measures internally to ensure that future communications go out on
time and in compliance with securities laws,” stated Abattis
President and CEO, Rob Abenante.
About Abattis Bioceuticals
Corp.
Abattis Bioceuticals is positioned to be
a leader in the cannabis industry as a fully integrated
medicinal cannabis company.
The Company’s flagship cultivation asset is
located on beautiful British Columbia’s Gabriola Island.
Starting with 26,000 square feet and expandable across 8 acres,
Gabriola plans to grow medical-grade marijuana as well as select
craft strains of infamous “BC Bud”. In addition to
concurrently developing the greenhouses and moving through the
final stages of the licence process, Abattis has been aggressively
building its portfolio of complimentary assets which includes the
acquisition of 140 genetic strains and the acquisition of a robust
portfolio of fertilizers and nutrients, custom formulated for the
emerging cannabis market.
Abattis has also continued to organically grow
its products and services divisions as it strives to become one of
the industry’s most dynamic vertically integrated cannabis
companies. This ranges from its Abattis-branded vaporizer
line, now sold nationally in Shefield and Sons, to the recent
launch of its first proprietary cannabinoid therapeutic, Comfort,
formulated to treat chronic pain and inflammation. Abattis
also continues to service the cultivation industry through its
preferred service agreements with Northern Vine, a licensed
laboratory which it recently sold to Emerald Health Therapeutics,
and Dicentra, which is one of Canada’s largest regulatory advisory
firms.
Uniquely positioned in all areas from seed to
sale, Abattis forges forward across all its divisions as it aims to
become a premiere cannabis company. Through aggressive
acquisitions and focused organic growth, Abattis looks ahead to the
next chapter of its growth as it focuses on revenue generation for
2019.The Company follows strict standard operating protocols and
adheres to applicable laws of Canada and foreign jurisdictions.
ON BEHALF OF THE BOARD,
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 IR is managed by Canada One
Communications Inc.
About 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. Canada One offers timely
responses to all investor inquiries over several mediums and
effective, thorough market awareness programs that are specifically
designed to maximize exposure and bring value to shareholders.
Canada One’s dedicated and experienced team strives to promote
client information to the public and educate potential investors on
the various developments of its clients. From basic phone-call and
email investor correspondence, to full-scale comprehensive
marketing packages which includes industry analysis, website
development, corporate videos and other marketing programs, Canada
One provides a full suite of services that are fully compliant with
Canadian securities regulations. Canada One is driven by an
uncompromising dedication to provide publicly listed and private
companies with across-the-board investor relations and marketing
solutions, directly translating these services into organic growth
and increased market value of its valued clients.
FORWARD LOOKING INFORMATION
This press release contains forward-looking
statements. The use of any of the words including but not exclusive
to “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”,
“project”, “intends”, “should”, “believe” and similar expressions
are intended to identify forward-looking statements.
Forward-looking statements in this press release include statements
regarding: prospects of the global cannabis markets; the expected
benefits from the Company’s recent sales and marketing
activities; the Company’s hope to leverage Select Strains’
portfolio through licensing arrangements, clone fulfillment, tissue
culture and strain patenting services and eventually through
Gabriola; and the Company commitment to ensuring that future
communications go out on time and in full compliance with
securities laws. Although the Company believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Additional risk factors are included in the Company’s Management’s
Discussion and Analysis, available under the Company’s profile on
www.sedar.com. The forward-looking statements are made as at the
date hereof and the Company disclaims any intent or obligation to
publicly update any forward-looking statements, where because of
new information, future events or results, or otherwise, except as
required by applicable securities laws.
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