Clinical Hashish Supplier Joins HMMJ ETF; Gives Buyers Inventory in International Corporate with Plans for Competitive Global Growth
TORONTO, Ontario, June 20, 2017 (GLOBE NEWSWIRE) — Maricann Crew Inc. (CSE:MARI) (“Maricann” or the “Corporate”) a low price, greenhouse manufacturer of clinical hashish with marketplace main technological differentiation, is proud to announce that it’s been added to the Horizons Marijuana Lifestyles Sciences Index ETF (TSX:HMMJ). The corporate was once decided on to enroll in the hashish trade’s premier ETF because of its persisted sturdy efficiency within the aggressive Canadian hashish panorama, in addition to having confirmed to satisfy the Index’s required asset and liquidity thresholds.
“Maricann Crew is a growth-oriented corporate in an increasing and thrilling sector,” mentioned Ben Ward, CEO of Maricann. “We are happy to be incorporated within the Horizon Marijuana Lifestyles Sciences Index ETF (HMMJ), giving us higher publicity to buyers in the course of the ETF’s TSX list.”
Debuting at the Toronto Inventory Trade on April fiveth, 2017, HMMJ is the primary exchange-traded fund that may be offering buyers direct publicity to North American-listed shares which can be concerned with biopharmaceuticals, clinical production, distribution, bio-products, and different companies ancillary to the marijuana trade. Maricann joins the crowd of 20 shares tracked by means of the HMMJ ETF.
“We’re assured that our inclusion will turn out really useful to each the Corporate and ETF alike,” mentioned Ward. “Maricann has a completely funded enlargement into Germany underway, with the infrastructure for cultivation of hashish in an indoor secured atmosphere already in position. Germany is our gateway into all of Europe, and as hashish legalization continues to comb in the course of the continent, we can be effectively poised to develop our Eu presence.”
This milestone follows Maricann’s announcement of world enlargement, after securing $42,500,000 in non-dilutive financing to additional extend their operation into Germany. Maricann is slated to supply 40,000 kilograms of hashish in step with yr throughout 150,000 sq. toes inside of their new GMP-compliant, clean-room cultivation facility in Dresden. With the possibility of 820,000 sq. toes of clean-room cultivation on this facility, Maricann can build up manufacturing and scale functions in Europe’s greatest marketplace for clinical hashish.
For more info concerning the HMMJ ETF, together with the total record of securities and the index method, consult with the HMMJ ETF website online at www.horizonsetfs.com/ETF/HMMJ.
About Maricann Crew Inc.
Maricann is a vertically built-in manufacturer and distributor of marijuana for clinical functions. The corporate was once based in 2013 and is based totally in Langton, Ontario, the place it operates a medicinal hashish cultivation, extraction and distribution trade beneath federal licence from the Govt of Canada. Maricann, which has federal licences to domesticate, procedure and distribute hashish, products and services a affected person base with greater than eight,000 overall registered sufferers since inception. Maricann is recently endeavor a diffusion of its cultivation and make stronger amenities in Canada in a completely funded 217,000 sq. toes. (20,159 sq. m), to make stronger current and long run affected person development. Maricann GmbH is a 95% owned subsidiary of Maricann Netherlands BV, a 100% wholly owned subsidiary of Maricann Crew Inc.
- April 2013, Maricann Inc. is based in Langton, Ontario, a well-established agricultural area in southwestern Ontario
- March 2014, Maricann Inc. obtains its Well being Canada licence to domesticate vegetation
- December 2014, Maricann Inc. obtains its Well being Canada licence to promote dried hashish
- January 2015, first dried hashish sale
- September 2016, Maricann Inc. earns its Well being Canada licence to promote hashish extracts
- October 2016, first sale of extracted hashish
- December 2016, Maricann Inc. raises $22.five million in personal capital
- January 2017, commences sale of clones
- February 2017, Maricann Inc. raises $10 million in personal capital
- April 24, 2017, Maricann Crew, Inc. first day of buying and selling at the CSE
- April 28, 2017, pronounces Advisory Board of German subsidiary
- Might four, 2017, Maricann Crew, Inc. secures $42,500,000 non-dilutive financing for additional German enlargement
- Might 24, 2017, breaks floor on enlargement of cultivation facility in Langton, Ontario
- June 12, 2017, Maricann Crew, Inc. indexed on HMMJ ETF
For more info about Maricann please consult with our website online at www.maricann.ca
Ahead Taking a look Data
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Touch Data: Investor Members of the family: Shawn Alexander VP Investor Members of the family email@example.com 416.258.4784 Media: Robert Vanisko North sixth Company 212-334-9753 ext.112 firstname.lastname@example.org Company Headquarters: Maricann Crew Inc. (C.MARI) 845 Harrington Court docket, Unit three Burlington Ontario L7N 3P3 Canada
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