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Toronto – January 22, 2020 (CNW) – Canada House Wellness Group Inc. (CSE: CHV) (“Canada House” or the “Company”), is pleased to announce that its wholly owned subsidiary, Abba Medix Corp. (“Abba”), has introduced three additional strains to its product portfolio: Sage & Sour, Critical Orange Punch, and White Shark. The new strains will be available for sale on Monday January 27, 2020 to registered Abba patients at www.abbamedix.com. Profiles of each additional strain can also be found under the “Products” tab on Abba’s website.
Abba produces handcrafted, premium quality, medical grade cannabis for patients seeking safe solutions for their complex to common health and wellness needs. Abba now has a total of four strains available for sale to registered Abba patients. Abba expects to have additional derivative products, including oils, coming online this calendar year.
“Adding these 3 strains to Abba’s menu is an important milestone for our organization. We are committed to having high quality strains on our menu to best serve our medical patients looking for solutions to a variety of health and wellness needs. As Abba’s patient base continues to grow, we will strategically and selectively add complementary strains that our patients covet,” said Michael Orrbrooke, Abba’s President and the Chief Revenue Officer of Canada House. “In addition to offering a more comprehensive selection of strains, we intend to offer our products in new formats to provide our medical patients with many options while maintaining our industry leading customer service and online customer experience.”
“A key strategy of Canada House is to increase Abba’s patient base through relationships with clinics across Canada,” says Canada House CEO Chris Churchill-Smith. “We have listened to our patients and have increased the selection of cannabis products to meet their needs. This is yet another significant milestone for Canada House on our Path to Profitability, as it will ensure that our growing base of high-value medical patients have a selection of options when ordering medical cannabis from Abba.” The Company also announced the issuance of 1,280,683 common shares at a deemed price per share of $0.04685 for strategic financial advisory services rendered pursuant to an engagement letter with a nationally recognized financial advisory firm and 333,333 common shares at a deemed price per share of $0.03 for human resource services rendered pursuant to a consulting agreement with an independent thirdparty.
About Canada House Wellness Group Inc.
Canada House Wellness Group Inc. is the parent company of Abba Medix Corp., a Licensed Producer in Pickering, Ontario that produces high quality medical grade cannabis; Canada House Clinics Inc., with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis.
Canada House Wellness Group’s goal is to become the leading cultivator of premium craft cannabis and provider of cannabinoid therapy, targeting the medical cannabis markets globally. Please visit www.canadahouse.ca.
Canada House Wellness Group Inc.
Cautionary Statement Regarding Forward-Looking Information. This press release contains forward-looking statements, including statements that relate to, among other things, the Company’s clinic, production and technology businesses, its future plans, the Company’s markets, objectives, goals, strategies, intentions, beliefs, expectations and estimates, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Material assumptions used to develop forward-looking information in this news release include, among other things, the regulations related to cannabis use under the Access to Cannabis for Medical Purposes Regulations and the act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, passed by the Canadian Federal government, making cannabis legal for recreational use by October 17, 2018; Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s most recent annual and interim Management’s Discussion and Analysis under “Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.