Medical Marijuana Projects

Dorval, Quebec

Matica is nearing completion of a new 10,000 sq. ft., cannabis growing facility in Dorval Quebec. Once the facility is completed the Company will be submitting a Photographic-Evidence video to Health Canada to request our cultivation license.

The state of the art facility is fully climate controlled with automated plant nutrient systems to ensure the highest quality product.

Under the agreement with RoyalMax Biotechnology Canada Inc., Matica is to become a majority owner (70%) of a late stage applicant under the Access to Cannabis for Medical Purposes Regulation - ACMPR.

The RoyalMax facility is located in an industrial park in Dorval, Quebec. Dorval is a mainly industrial suburb on the West Island of Montreal. The facility is near the Montreal−Pierre Elliot Trudeau International Airport and the Dorval Train Station. It is also very near highways 20, 520 and 13. Matica management has negotiated, on favourable terms, a 20 year extension to the current lease.

Nova Scotia MMPR

In October 2014 Matica signed a definitive agreement to earn a fifty percent interest in THC Dispensaries Canada, Inc (“THCD”), a Nova Scotia applicant under the then, MMPR. In December 2015 Matica filed a Notice of Civil Claim in the Vancouver Registry of the Supreme Court of British Columbia in an effort to recoup funds and other damages suffered by Matica.

The Company has reached a settlement where unrelated third party has agreed to purchase all of the outstanding shares of THCD and complete the build out of THCD’s facility. THCD is one of several such facilities that the third party has engaged and is preparing for pre-licence inspection. Matica is to receive shares of the third party at a deemed value of $700,000 in two tranches of $350,000 each. The first tranche is to be issued on closing and the second and final tranche is to be issued on the date of issuance by Health Canada of an ACMPR cultivation license in the name of THCD.

Other Marijuana Projects

On September 27, 2017, Matica announced signing a non-binding letter of intent (“LOI”) for Matica to become a majority owner of a late stage ACMPR application in southwestern Ontario. We are continuing our due diligence on the project. The application is for a 13,000 square foot building which could be easily expanded to 24,000 square feet by extending it to an adjoining building. The project sits on 14 acres of largely vacant land. Matica is contemplating building a 400,000 square foot facility on the property at a later date. Furthermore, Matica has negotiated a favourable purchase option for the entire property.

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MATICA RECEIVES FULL $700,000 SETTLEMENT OF THCD LEGAL ACTION
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