Supreme Reports MMPR Application Submittal
April 28 2014 - 4:00AM
Marketwired
Supreme Reports MMPR Application Submittal
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 28, 2014) -
Supreme Pharmaceuticals Inc. (the "Company") (CSE:SL)(OTCBB:SPRWF)
is pleased to report that the South Okanagan producing facility,
which will from hereon in be referred to as "Facility 1", has now
formally submitted an MMPR application to Department of Health
Canada. As part of the months of preparations prior to the
submission, Facility 1 engaged the services of specialist legal
council, security, and consulting firms to ensure all areas of the
Health Canada application criteria were met as fully as
possible.
The current production facility has been constructed to full
commercial standards and was designed to meet all relevant local
and provincial government requirements. Supreme is confident that
the existing facility will need only minor upgrades to meet the
update requirements of the new MMPR license category, assuming it
is successful in its application.
Facility 1 engaged a consulting firm that is experienced in MMPR
applications and has had prior success. The consultants have
provided valuable input into many aspects of the application
requirements based on their prior experience with Health Canada
officials and the MMPR application process. Facility 1 is also
receiving additional expert consulting advice on the important
matters of internal and external security.
The Company is aware that the licensing process involves a
rigorous review of the applicant by multiple authorities and can
take several months with no guarantee of success. However, Facility
1's management team is confident that their prior experience and
expertise in the industry and the high commercial standard of the
facility will meet Health Canada's requirements for a full
commercial MMPR license.
The Company is currently reviewing other medical marijuana
operations in Western Canada for possible investment
opportunities.
FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements. The use
of any of the words "anticipate", "continue", "estimate", "expect",
"may", "will", "project", "should", "believe" and similar
expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will
prove to be correct. This news release includes forward-looking
statements with respect to the issuance of the MMPR license. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
These statements speak only as of the date of this news release.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks including various
risk factors discussed in the Company's disclosure documents which
can be found under the Company's profile on www.sedar.com and such
factors as the Company failing to exercise the option, acquire any
producing facility and the facility's inability to acquire a MMPR
license. This news release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbour provisions of the Private Securities Litigation
Reform Act of 1995.
Supreme Pharmaceuticals Inc.Zach StadnykInvestor Relations(647)
340-6744info@supremepharmaceuticals.comwww.supremepharmaceuticals.com