MEDICAL MARIJUANA UPDATE
November 7, 2016 – Toronto, Ontario – Matica Enterprises Inc. (MMJ–CSE) (39N – Frankfurt) (MQPXF – OTC PINK) (“Matica” or the “Company”) is pleased to report that the Company has been notified by the Nova Scotia Barristers’ Society (“NSBS”) of the decision of the Complaints Investigation Committee (the “Committee”) regarding Mr. Joseph JeBailey of Burnside Law Group (“Burnside Law”) of Dartmouth, Nova Scotia. Mr. JeBailey was legal advisor for THC Dispensaries Canada Inc. (“THCD”) and has received a caution pursuant to Regulation 9.4.3(d) with regard to ethical issues arising from the THCD matter, which were found to constitute breaches of the Nova Scotia Barristers’ Society Code of Professional Conduct.
Matica filed a complaint with the NSBS in August 2015 against Mr. JeBailey and the other members at Burnside Law office regarding what we considered to be their unethical actions while representing THCD of which Matica was a 50 percent shareholder. The Committee reached a decision regarding Mr. JeBailey and concluded that he had violated his duties with respect to conflict of interest, quality of service and competence:
“The Committee concluded that by failing to indentify there was a substantial risk to his duty of loyalty, and failing to seek appropriate consents to continue acting in a position of conflicting interests, Mr. JeBailey violated his duties pursuant to Rules 3.4-1 (Duty of Avoid Conflicts of Interest) and 3.4-2 (Consent) of the Code of Professional Conduct.”
“The Committee concluded that by not performing all legal services undertaken on his clients’ behalf to the standard of a competent lawyer, Mr. JeBailey violated his duties pursuant to Rule 3.2-3 (Quality of Service / When Client is an Organization) of the Code of Professional Conduct.”
“The Committee concluded that by failing to perform all legal services undertaken on his clients’ behalf to the standard of a competent lawyer, Mr. JeBailey violated his duties pursuant to Rule 3.2-3 (Competence) of the Code of Professional Conduct.”
Management is pleased with the outcome of our complaint as it demonstrates the difficulty the Company faced in trying to establish THCD as a Licenced Producer under the Marijuana for Medical Purposes Regulation ("MMPR") program. In November of 2015 the Company filed a Notice of Civil Claim in the Vancouver Registry of the Supreme Court of British Columbia naming THC Dispensaries Canada Inc. (“THCD”), Francis MacMaster, CEO of THCD and other related parties as Defendants in an effort to recoup funds and other damages suffered by Matica as a result of numerous breaches by the Defendants of the October 7th, 2014 Investment Agreement.
For more information on Matica 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:
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 Corporation assumes no obligation to update the forward-looking statements, or to 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 Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
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