November 20th 2014 – Toronto, Ontario – Matica Enterprises Inc. (GRF – CSE) (39N – Frankfurt) (“Matica” or the “Company”) is pleased to announce the Company has completed the initial payments to THC Dispensaries Inc. (“THCD”), a Nova Scotia company with “Ready to Build” status awaiting its Marijuana for Medical Purposes Regulation (“MMPR”) Licence. THCD is currently completing a brand new state of the art free standing growing facility and anticipates its final inspection by Heath Canada shortly.
The initial payment of $325,000 has been completed and 1,000,000 shares are being issued as per the recently signed definitive agreement with THCD. Once granted, the MMPR license will allow the Company to supply dried marijuana to prescribed patients. THCD’s facility is located on 35 acres in Antigonish, Nova Scotia, allowing for production expansion as demand for medical marijuana continues to grow.
Matica Enterprises CEO, Boris Ziger states, “We are extremely pleased to be moving forward quickly with THCD and assisting them in becoming the next publicly traded Licensed Producer in Canada under the new MMPR program. THCD is currently preparing for their pre-license inspection with Health Canada and if granted would become the sixth publicly traded company with an MMPR license.”
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Cautionary Note Regarding Forward-Looking Statements
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian Securities Regulators, which filings are available at www.sedar.com and www.thecse.com.