Tickers: XCNQ:MMJ, PINX:MQPXF
Tags: Biotechnology
March 5, 2019 / TheNewswire / Toronto, Ontario - Matica Enterprises Inc. (MMJ - CSE) (MQPXF - OTCQB) (39N - Frankfurt) ("Matica" or the "Company") is pleased to announce it has been approved to begin trading on the OTCQB tomorrow under the symbol "MQPXF". Real-time information, quotes and the trading statistics can be found at www.otcmarkets.com. This is the latest development in the Company's strategy to provide improved channels for market participation.
"Canadian cannabis companies are becoming the subject of greater worldwide interest. It therefore becomes more important to be highly visible on accessible trading platforms such as the OTCQB, thereby increasing exposure to US and global cannabis investors." noted Boris Ziger, CEO of Matica.
In addition to trading under the symbol MQPXF on the OTCQB, Matica also trades in Canada on its home exchange, the CSE, under its symbol MMJ which highlights the company's commitment to the medical marijuana market. Company shares also trade on Frankfurt under the symbol 39N.
Corporate Update
Dorval is a few weeks away from the first cultivation. A second crop has recently been planted (NR Feb. 21, 2019) and Matica is currently in discussions to sell the initial crops wholesale to another LP. We feel this is an important revenue generating step while we wait to receive our sales licence from Health Canada.
Matica plans to market cannabis produced at Dorval once Health Canada issues a sales licence. As such, the Company is rebranding and has revamped the website. Website development will be ongoing while we prepare for product sale. The Company has a new website address, www.maticammj.com which can be used in addition to www.maticaenterprises.com .
Planning for greenhouses and outdoor growing is ongoing at the 181 acre Hemmingford site. Work will begin again once weather permits.
Matica has begun manufacturing of the proprietary odour capturing spray developed with Yunify (NR Nov. 6, 2018). Natural Ions Encapsulation technology traps and neutralizes cannabis odours. The product functions as a personal spray or as a room deodoriser.
For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.
On behalf of the Board of Directors
Boris Ziger, CEO & Chairman
The Company's public filings are available for review at www.sedar.com and www.thecse.com.
For further information, please contact Boris Ziger, at:
Telephone: 416-304-9935
E-mail: info@maticaenterprises.com
Website: www.maticaenterprises.com , www.maticammj.com
Disclaimer for Forward-Looking Information
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
This news release contains statements about the Company's information that may be made available on the S&P Capital IQ Corporation Records Listing Program and the business of Matica that are forward-looking in nature and as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. We seek Safe Harbor.
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