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Enter Symbol
or Name
USA
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Kaneh Bosm Biotechnology Inc
Symbol KBB
Shares Issued 13,229,236
Close 2015-10-06 C$ 0.065
Market Cap C$ 859,900
Recent Sedar Documents

ORIGINAL: Kaneh Bosm sells pot vending machine for $39,121 (U.S.)

2015-10-13 09:30 ET - News Release

Received by email:

File: NR Oct 13 2015 BioCanna ADM Sale MM edits.docx

/
Kaneh Bosm BioTechnology Inc.
810 - 675 West Hastings Street
Vancouver, BC V6B 1N2
Tel: 604.782.4191 Fax: 604.637.9614

NOT FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC.  October 13, 2015 

Kaneh Bosm BioTechnology (KBB:CSE) Sells BioCanna ADM Automated Cannabis Retail System 
Kaneh Bosm BioTechnolgy Inc. (KBB:CSE) ("Kaneh Bosm" or the "Company") is pleased to announce that it has sold one of 
--->their ADM kiosks that was originally contracted to Medsmart Dispensary Inc.  The System was sold for $39,121.00 U.S. d
--->ollars(approximately $52,000 Canadian).
After rigorous testing and fine tuning of the BioCanna ADM, Kaneh Bosm is very pleased with the final result, which ha
--->s resulted in a sale of the automated Cannabis retail system.
The company continues to receive numerous expressions of interest for our BioCanna ADM (Automatic Dispensing Machines)
---> system, and we are exploring the opportunities for additional revenue through kiosk sales and also via selling territ
--->ories by State or Province to assist in growing this division more rapidly. The company is optimistic of the possibili
--->ties over the next year.
The market for Cannabis products is growing exponentially as new States and Countries open up.  Our BioCanna ADM autom
--->ated retail system is a valuable tool for retailers to control product acess and as a labour saving device.
With proposed new strict regulations coming to the Vancouver marijuana dispensary market, the BioCanna ADM offers Cann
--->abis retailers a means to meet and surpass regulated requirements.  The BioCanna ADM retail system is unique in this s
--->ector as it encompasses the 5 crucial elements identified by Ret. Major Neill Franklin, executive director for LEAP, f
--->or safe, reliable, and successful automated Cannabis retail.  Those elements are:

access control (no minors or un-prescribed patients)
purchase volume control (monthly or daily quantity limits)
secure storage of product (climate controlled and theft proof)
transactional oversight by regulators via software monitoring
a proven track record in a controlled substance/products environment

The BioCanna ADM system is now available to Cannabis retailers with a number of flexible programs with varying lease r
--->ates, and transaction fees.  The Kiosks will also be available for purchase for a limited time.
The superior BioCanna ADM retail system is European based, designed, and manufactured.  Presently, there are more than
---> 2,000 units operating across western Europe with many in the retail pharmaceutical dispensing marketplace.  The Kiosk
--->s are proven to be reliable and profitable.
Marijuana vending machines have already been proven to be highly profitable in the Vancouver Cannabis dispensary marke
--->t.  Last June, the BC Pain Society (BCPS) installed vending machines at their Commercial Drive location and Chuck Vara
--->bioff, a director at BCPS, says "it has grossed more than $1 million since he set it up last May".  (http://www.cbc.ca
--->/news/canada/medical-marijuana-easily-dispensed-in-vancouver-1.2938574).

Interested parties should contact info@kanehbosmbiotech.com for more details and a sales presentation.

On behalf of the Board of Directors of Kaneh Bosm Inc.


"Michael Martinz"

Michael Martinz
President, Director


"Rudy de Jonge"

Rudy de Jonge
CEO, Director 


THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

This news release includes certain statements that may be deemed "forward-looking statements". The use of any of the w
--->ords "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and simila
--->r expressions are intended to identify forward-looking statements. Although the Company believes that the expectations
---> and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed
---> on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since
---> forward-looking statements address future events and conditions, by their very nature they involve inherent risks and
---> uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materiall
--->y from those currently anticipated due to a number of factors and risks including various risk factors discussed in th
--->e Company's disclosure documents which can be found under the Company's profile on www.sedar.com.  



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