TORONTO, ONTARIO--(Marketwired - Jan. 27, 2014) -
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OF AMERICA
PharmaCan Capital is pleased to announce that it has made an investment in 'Vert Medical - Green Medical (VMGM), a company based in St. Lucien, Quebec that has made application to Health Canada under the MMPR to be a licensed commercial producer of medical marihuana.
"VMGM's facility is very impressive and ideally suited to meet the needs of patients under Health Canada's MMPR program", said PharmaCan's CEO Paul Rosen. "Their management team led by Dany Lefebvre is passionately committed to helping patients with illnesses improve the quality of their lives. We are thrilled to be associated with VMGM and are hopeful that VMGM will be granted a license by Health Canada for the commercial production and distribution of medical marihuana and become one of the country's most respected suppliers of this medicine in the near future", added Mr. Rosen.
VertMedical-Green Medical VVMGM) St Lucien is the third investment that PharmaCan has made in individual applicants under Health Canada's MMPR program. PharmaCan's first investment was in the Peace Naturals Project based in Stayner, Ontario. Peace Naturals received its MMPR license on October 29th, 2013 and is currently shipping medicine daily to patients across Canada. PharmaCan's second investment is in the Whistler Medical Marihuana Company located in Whistler, B.C.
"PharmaCan continues to execute on its strategy of assembling a national network of industry leading companies that are helping to create the future of medical cannabis in Canada", commented Mr. Rosen. "With the addition of VMGM to our group of investments we are delighted to have a presence now in three provinces across this great country. Our management team will continue to work diligently to identify the most promising young companies set to prosper in the new and emerging medical Cannabis industry and help them on their path towards sustainable success".
ABOUT VERT MEDICAL-GREEN MEDICAL (VMGM) St. Lucien.
Vert Medical -Green Medical (VMGM) St Lucien is a privately owned company located in St. Lucien, Quebec specializing in the production, analysis and distribution of medical marijuana to Canadian patients. VMGM`s goal is to have the largest selection of CBD-rich strains in the world available to patients. It had made application to Health Canada for a commercial production license under the M.M.P.R.
ABOUT PHARMACAN CAPITAL
PharmaCan Capital is a Canadian company actively pursuing investment opportunities in the medical and legal cannabis industries. PharmaCan's CEO is Paul Rosen, who is the founder and Chariman of Skypad Inc., a custom contract furniture provider to some of the world's finest luxury hotels, restaurants and showrooms. Mr. Rosen has held a leadership role in the development of numerous successful start-up companies. Paul is also a member of the Law Society of Upper Canada and previously practiced criminal and constitutional law.