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File: 17-08-02 VRT - News Release re Warrant Extension (v1).DOCX

VERITAS EXTENDS WARRANTS

August 2, 2017, Vancouver, B.C. - Veritas Pharma Inc. (CSE: VRT; OTC: VRTHF; and Frankfurt: 2VP), ("Veritas" or the "C
--->ompany") announces that it has agreed to amend the terms of share purchase warrants ("Warrants") originally issued in 
--->February 2017.

Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") at an exercise price of $0.40 per Warra
--->nt Share.  Originally, the Warrants were to expire on February 7, 2018; under the amended terms, the Warrants will be 
--->exerciseable until August 7, 2019. The Warrants remain subject to an acceleration feature, such that, in the event tha
--->t the closing price (or closing bid, if no sales were reported on a trading day) of the Company's Shares as quoted on 
--->the Canadian Securities Exchange or such other securities exchange, quotation system or market on which the Shares are
---> listed and where a majority of the trading volume of the Shares occurs) exceeds $0.80 per Share for a price of ten co
--->nsecutive trading days, the Company may, within five days of such event, provide notice by way of news release of earl
--->y expiry, in which event the Warrants will expire 30 days from the date of such news release.

About Veritas Pharma Inc. 
Veritas Pharma Inc. is an emerging-stage pharmaceutical and IP development company, who, through Cannevert Therapeutic
--->s Ltd. ("CTL"), is advancing the science behind medical cannabis. It is the Company aim, through its investment in CTL
--->, to develop the most effective cannabis strains (cultivars) specific to pain, nausea, epilepsy and PTSD, solving the 
--->critical need for clinical data to support medical marijuana claims. CTL's unique value proposition uses a low-cost re
--->search and development model to help drive shareholder value, and speed-to-market. Veritas investment in CTL is led by
---> strong management team, bringing together veteran academic pharmacologists, anesthetists & chemists. The company's co
--->mmercial mission is to patent protect CTL's IP (cultivars & strains) and sell or license to cancer clinics, insurance 
--->industry and pharma, targeting multi-billion dollar global markets. 

About Cannevert Therapeutics Ltd. 
CTL is a private company owned by a unique group of chemists, pharmacologists, and other medical professionals. With o
--->ffices located on the campus of the University of British Columbia, CTL has obtained permission from Health Canada to 
--->conduct research on cannabis strains. CTL has entered a funding agreement with Veritas where, upon advancing $1.5 mill
--->ion to CTL, Veritas will earn an 80% ownership interest in CTL. Although Veritas has advanced $750,000 to CTL, no owne
--->rship interest will be earned by Veritas until the entire $1.5 million is received. CTL has also entered a licensing a
--->greement with Veritas, licensing Veritas to market all products developed by CTL. 

Veritas Pharma Inc. is a publicly traded company which trades in three countries including Canada, on the Canadian Sto
--->ck Exchange under the ticker VRT; in the United States, on the OTC under the ticker VRTHF; and in Germany, on the Fran
--->kfurt exchange under the ticker 2VP. 

For more information, please visit our website: veritaspharmainc.com 

On behalf of the Board of Directors
Veritas Pharma Inc. 

"Dr. Lui Franciosi"
Dr. Lui Franciosi
President and Chief Executive Officer

Further information about the Company is available on our website at www.veritaspharmainc.com or under our profile on 
--->SEDAR at www.sedar.com and on the CSE website at www.thecse.com. 

Investor and Public Relations Contact
Veritas Pharma Inc.
Sam Eskandari
Telephone: +1.416.918.6785 
Email: ir@veritaspharmainc.com
Website: www.veritaspharmainc.com 

The CSE has not reviewed, nor approved or disapproved the content of this press release.