World News: 14:54 GMT Wednesday 11th July 2018. [Abattis Bioceuticals Corp. via Globe Newswire via SPi World News]
VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- (the "" or "") (CSE:ATT) (OTC:ATTBF) is pleased to provide the following corporate updates.
Abattis has completed a non-brokered private placement for gross proceeds of $2.25 million (the “”) through the issuance of 13,235,294 common shares of the Company priced at $0.17 per share. The Company anticipates that the Proceeds will be used to organically grow its existing downstream service division and for general working capital purposes.
Abattis’s new communications program will be managed through the following:
The Company anticipates that the new communications framework will significantly decrease the turnaround time for shareholder and general inquiries.
Abattis is a leading diversified cannabis company, with interests in operations engaged in growing, extraction, testing, propagation and retail distribution. Over the past few years, Abattis has made key acquisitions to leverage synergies and vertically integrate its business. Through Abattis’s ownership interest in Northern Vine Labs, Abattis has access to a laboratory facility holding a Health Canada dealer’s license and, through its wholly owned subsidiary Gabriola Green Farms, it has applied for a Health Canada license to produce and sell Cannabis flower and oils. Abattis also operates a retail vaporizers business through its wholly owned subsidiary, Green Tree Therapeutics, which offers 10 unique branded SKUs online and across the country and owns a series of marketing, licensing and technology rights. Abattis has also partnered with a number of organizations, including the University of British Columbia Faculty of Land and Food Systems, with which it is developing delivery platforms with increased stability and bioavailability for cannabinoid rich THC-free hemp extracts.
ON BEHALF OF THE BOARD OFABATTIS BIOCEUTICALS CORP.,
For more information, please visit the Company's website at: www.abattis.com or www.northernvinelabs.com
For inquiries, please contact the Company at (604) 674-8232 or at firstname.lastname@example.org.
Globe Newswire: 14:54 GMT Wednesday 11th July 2018
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