10:56:26 EST Thu 13 Dec 2018
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Pistol Bay Mining Inc (3)
Symbol C : PST
Shares Issued 24,173,822
Close 2018-09-04 C$ 0.065
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Pistol Bay seeks exclusivity in cannabinoid deal

2018-09-05 03:14 ET - News Release

Mr. Charles Desjardins reports

PISTOL BAY SIGNS EXCLUSIVITY AGREEMENT FOR CANNABINOID HERBAL BLEND

Pistol Bay Mining Inc. has provided an update on its plans to seek opportunities outside of the resource sector and, in particular, the cannabis industry.

The company has entered into negotiations and signed an exclusivity agreement to negotiate for the acquisition of the worldwide exclusive rights to market three nutraceutical products from an established private Ontario company that specializes in the development, manufacturing and marketing of premium phytopharmaceuticals, offering innovative solutions to complex issues of human health. The three natural health products demonstrate unique intellectual property with respect to novel ingredients, production and extraction technology. To date, $5.5-million has been spent on clinical trials to prove safety and efficacy of the foundational product, which has generated approximately $500-million (U.S.) in sales.

The foundational product is a combination of 10 botanicals, wherein each contains multiple molecules that contribute to delivering adaptogen and antioxidant effects, providing noticeable improvements in physical, mental and emotional well-being.

In recent trials and testimonies, this anti-stress blend has shown therapeutic benefits when combined with cannabinoids (containing minimal THC (tetrahydrocannabinol)), which then formed the basis of two other products:

  1. Cannabidiol (CBD) combined with the foundational adaptogen blend;
  2. A full spectrum soft gel containing solely CBD (cannabidiol).

About adaptogens and CBD

Stress has a role in every human disease, and the mitigation of the effects of stress is of vital importance in preserving human wellness.

Using genuine proper double-blinded placebo-controlled clinical trials, it has been proved that the adaptogenic blend modulates the body's production of cortisol (the stress hormone) without using steroidal mechanisms, but rather working through diffusing systemic physiological mechanisms.

The adaptogens contain hundreds of biologically active molecules extracted from an orchestra of plant species that have been carefully selected and prepared to function in harmony and provide tools needed for optimal function allowing them to stay healthy.

The other two products will contain cannabidiol (CBD), which is a plant-based molecule (there are hundreds of different plant-based molecules that can come from hemp, and they fall mainly into the categories of terpenes, flavonoids and cannabinoids). CBD is one of over 100-plus cannabinoids found in hemp.

CBD a non-psychoactive, plant-based molecule. It is getting a lot of attention recently for its many benefits, including treating pain, anxiety, inflammation, epilepsy and diabetes without the disconcerting feelings of lethargy or dysphoria. CBD works with the body's endocannabinoid system to deliver these benefits.

The finished products containing CBD will be manufactured to comply with both U.S. and Canadian regulatory laws, and each lot is tested to ensure THC levels are below the permitted requirements.

The company is unique worldwide in that its adaptogenic blend increases the bioavailability and bioefficacy of the cannabinoids significantly.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company is also actively pursuing the right opportunity in the cannabis space, looking to enhance shareholder value.

We seek Safe Harbor.

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