11:36:46 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Umbral Energy Corp
Symbol UMB
Shares Issued 62,592,146
Close 2016-10-11 C$ 0.055
Market Cap C$ 3,442,568
Recent Sedar Documents

ORIGINAL: Update On Medical Marijuana Application

2016-10-12 09:31 ET - News Release

(via TheNewswire)

Vancouver, B.C., / TheNewswire / October 12, 2016 - UMBRAL ENERGY CORP. (CSE: UMB) (OTCQB: UMBBF) (the " Company " or " Umbral ") i s pleased to provide an update on its 50% owned PhyeinMed Inc. ("PhyeinMed"), an operating company with a submitted application to Health Canada for a MMPR Licence.

PhyeinMed Inc, is currently in Stage 4, Initiation of security clearance process, in Health Canada's application of becoming a licensed grower under the Marihuana of Medical Purposes Regulations. PhyeinMed, its officers and directors have submitted a security clearance application as required to Health Canada and are awaiting further feedback.

Jag Bal, President of Umbral states, "Umbral remains committed to the Health Canada process with our partner PhyeinMed, as they continue to work diligently through the various stages of the MMPR application process. We believe that PhyeinMed`s experienced team and their designated 13 acre site with an 11,000 sq. ft. building, which is located in Falkland, BC, has Umbral well positioned in this rapidly growing Cannabis sector in Canada. We have remained hopeful throughout this licensing process".

About Umbral Energy Corp.

The Company is currently listed as a junior resource issuer having mineral exploration projects. The Company is considering other activities to increase shareholder value, including non-resource projects.

The Company has a mineral exploration projects in Utah, Nevada and Quebec, as well as an interest in oil and gas property in Alberta. In addition the Company has an interest in PhyeinMed, who has applied for a license from Health Canada to legally grow and sell medical marijuana.

ON BEHALF OF THE BOARD OF DIRECTORS OF UMBRAL ENERGY CORP.

"Jag Bal"

Jagdip BAL

President and CEO

Neither Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com) . Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise .

Copyright (c) 2016 TheNewswire - All rights reserved.

© 2024 Canjex Publishing Ltd. All rights reserved.