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Hydropothecary Corp (The)
Symbol THCX
Shares Issued 70,593,252
Close 2017-03-28 C$ 1.89
Market Cap C$ 133,421,246
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Hydropothecary receives licence to sell marijuana oil

2017-03-29 08:52 ET - News Release

Mr. Sebastien St-Louis reports

THE HYDROPOTHECARY CORPORATION RECEIVES LICENSE TO SELL CANNABIS OIL

The Hydropothecary Corp. has received an amendment to its licence from Health Canada under the access to cannabis for medical purposes regulations (Canada) to include the sale of cannabis oils from its facility in Gatineau, Que. The company's licence under the ACMPR was amended from production only and provides the company with the ability to sell cannabis oil products to registered patients under the ACMPR along with its current dried medical cannabis products. The company received an amendment to its licence under the ACMPR to produce cannabis oils in August, 2015, and has been focused on the development of a new innovative oil product line. In anticipation of this approval to sell cannabis oil extracts, the company has been producing cannabis oil and extracts. Sales are anticipated to begin late spring 2017.

"This is another significant milestone in the Hydropothecary growth story and provides our clients with yet another way in which to consume their medicinal cannabis without smoking," said Sebastien St-Louis, co-founder and chief executive officer.

About The Hydropothecary Corp.

Hydropothecary is an authorized licensed producer and distributor of medical marijuana licensed by Health Canada under the access to cannabis for medical purposes regulations (Canada). Hydropothecary provides naturally grown and rigorously tested medical marijuana of uncompromising quality. Hydropothecary's branding, marijuana product offering, patient service standards and product pricing are consistent with its positioning as a premium brand for a legal source for medical marijuana within this new marketplace.

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