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MMJ PhytoTech Ltd (MMJ.AX) Dealer's License for United Greeneries

2018-06-18 19:41 ET - News Release

Perth, Australia, June 19, 2018 - (ABN Newswire) - MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") is pleased to note the attached news release (see link below) by Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") confirming that its wholly-owned subsidiary, United Greeneries ("UG"), has received a Dealer's License pursuant to the Controlled Drugs and Substances Act under Health Canada.

The license now allows UG to import narcotics into Canada, including its signature Gelpell Microgel CBD capsules that are produced in Switzerland and that are already sold as a nutritional supplement in the European Union and as a prescription drug in Australia. The license also allows Harvest One to export its medical cannabis products to other markets with favourable medical cannabis regulations, including Germany.

To view the release, please visit:
http://abnnewswire.net/lnk/4RHGPSM9


About MMJ PhytoTech Ltd:

In October 2017, MMJ PhytoTech Limited (ASX:MMJ) announced its strategy to become an incubator for strategic investments across regulated jurisdictions globally covering the entire cannabis value chain.

Following the successful listing of United Greeneries Holdings Ltd ("United Greeneries") and Satipharm AG ("Satipharm") on the TSX-V through Harvest One Cannabis Inc. (CVE:HVT), MMJ has focused on the identification of a number of independent strategic investment opportunities that have the potential to deliver significant value to the Company's shareholders.

MMJ is actively pursuing early stage opportunities with the ability to deliver significant future revenue and the opportunity to provide dramatic global synergistic value as regulatory frameworks in key international markets continue to evolve. MMJ is targeting the full range of emerging cannabis-related sectors including healthcare products, technology, infrastructure, logistics, processing, cultivation, equipment, R&D, hemp food products and retail.

MMJ currently holds an equity stake of 53,333,333 shares in Harvest One, 100% ownership of Israeli-based R&D division PhytoTech Therapeutics Limited ("PTL") and strategic holdings in e-Sense Lab Limited (ASX:ESE) and private Canadian-based company WeedMe Inc.

Contact:
 
Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
T: +61-2-8098-0819
E: jconroy@mmjphytotech.com.au 


Source:

MMJ PhytoTech Ltd

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