Peace Naturals Project Inc.

Peace Naturals Project Inc.

February 18, 2016 10:00 ET

Peace Naturals Project to Convert National Clinic Network to Peace Naturals Whole Health Centers

STAYNER, ONTARIO--(Marketwired - Feb. 18, 2016) - Peace Naturals Project Inc. is pleased to announce it has entered into a Letter of Intent dated February 17, 2016 to acquire exclusive co-naming rights and conversion of Novo Healthnet (Novo) to Peace Naturals Whole Health Centers.

Since 1996 Novo has been successfully providing treatment for patients as well as assessment and diagnostic services to over 1 million Canadians who suffer from pain. Novo is the consolidation of Physiomed Peak, Peak Health, Back on Track, HealthNet Assessments Inc. and ICC Healthnet Canada Inc.

Novo has achieved its three-year re-accreditation for all its clinics through the Commission on Accreditation for Rehabilitation Facilities (CARF). This North American standard is a seal ensuring quality, safety and best outcomes for patients, programs, and services. Novo clinics are affiliated with department of Physical Therapy at both The University of Toronto and McMaster University by overseeing residency programs.

"Novo is excited to partner with Peace Naturals Project Inc. in creating a whole health solution that will be made available to Canadians across the country through our network of clinics," said Novo CEO Amanda Dalcourt.

"Pain management is the greatest challenge our current and future clients face. Peace Naturals promotes an integrative whole health approach that goes beyond medicinal Cannabis, including diet, exercise and wellness professionals. This alliance provides shareholders of Peace Naturals Project Inc. with an established business and an ongoing interest in the third largest preferred provider network of multidisciplinary rehabilitation clinics in Canada," said Peace Naturals Project Inc. CEO Mark Gobuty.

About Peace Naturals Project Inc.

Peace Naturals Project Inc. is the first non-incumbent applicant to receive a Marihuana for Medical Purposes Regulations (MMPR) license in October 2013 and first Canadian company to receive Health Canada authorization to develop and then sell medicinal Cannabis infused oils. Peace Naturals also received the Ontario Premier's Award for Agri-Food Excellence, recognizing the company's product consistency, operating procedures, security guidelines and safe production practices that have become industry standards. Peace Naturals has engaged an independent retail and merchandising expert to assist in the conversion of the Novo clinics to Peace Naturals Whole Health Centers.

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