June 23rd, 2015 – Toronto, Ontario – Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce that Matica has appointed George Brown as one of Matica’s two representatives on the board of THC Dispensaries, Inc (“THCD”) alongside Boris Ziger. Mr. Brown is a director of Matica and the Audit Chairman and is therefore extremely qualified to represent the financial interests of Matica on the board of THCD. Mr. Brown replaces Jay Howson who has resigned as one of Matica’s representatives on the board of THCD.
Mr. Howson will remain at Matica and will be concentrating on Ravenline Explorations Ltd. (“Ravenline”), Matica’s mineral exploration subsidiary. Ravenline holds all of Matica’s former mining assets including the Grumpy Lizard graphite project in Nevada. A mapping and sampling program has been underway and results of that program are expected shortly. The Grumpy Lizard graphite property near Reno Nevada is comprised of 96 claims for a total of 1,920 acres. This program included mapping of extensive graphite bearing lithologies, sampling of the coarsest bands of graphite andalusite schist, mapping of structures and contact zones. Ravenline is exploring for large flake graphite normally used in lithium ion batteries.
About Matica Enterprises Inc.
Matica Enterprises currently holds fifty percent interest in THC Dispensaries, Inc (“THCD”), a Nova Scotia applicant under the Marijuana for Medical Purposes Regulation (“MMPR”). THC Dispensaries has received a “Ready To Build” letter from Health Canada and is awaiting a pre-licence inspection by Health Canada before becoming a Licensed Producer under MMPR. This brand new, free standing marijuana growing operation sits on 35 acres of land in the town of Antigonish, NS. For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.
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:
Disclaimer for Forward-Looking Information
This news release contains statements about the Company’s information that will be made available on the S&P Capital IQ Corporation Records Listing Program and the business of Matica, specifically any potential licensing under the MMPR, that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to receive its Licensed Producer designation for any reason whatsoever. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. We seek Safe Harbor.