Emblem Corp. Issues Shares for Exclusivity Agreement
July 24 2017 - 5:00PM
NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.
Emblem Corp. (TSXV:EMC) (“Emblem” or the "Company") today announced
that the Company has issued a total of 30,435 common shares of
Emblem (the "Common Shares") in connection with the granting of an
exclusive license to Emblem pursuant to a white label agreement
entered into between the Company and an arm's length third party on
December 23, 2016 (the "Agreement"). Pursuant to the Agreement and
subject to the approval of the TSX Venture Exchange, Emblem has
been granted the right to use certain intellectual property in
connection with its branding, promotion, marketing, packaging and
sale of branded dried marihuana products in Canada. The exclusive
license shall be in effect until December 23, 2018.
The Common Shares are subject to a hold period
expiring on November 25, 2017 under applicable Canadian securities
laws.
About Emblem
Emblem is licensed under the Access to Cannabis
for Medical Purposes Regulations (the “ACMPR”) to cultivate and
sell medical marihuana. Emblem carries out its principal activities
producing marihuana from its facilities in Paris, Ontario pursuant
to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of thisrelease.
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes.
Management of the Company believes the
expectations reflected in such forward-looking statements are
reasonable as of the date hereof but no assurance can be given that
these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon.
Forward-looking statements are not a guarantee
of future performance and are subject to and involve a number of
known and unknown risks and uncertainties, many of which are beyond
the control of the Company, which may cause the Company's actual
performance and results to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the risks identified in the Company's
filing statement dated November 30, 2016 and in the Company's short
form prospectus dated March 16, 2017 both of which have been filed
with the Canadian Securities Administrators and available on
www.sedar.com. Any forward-looking statements are made as of the
date hereof and, except as required by law, the Company assumes no
obligation to publicly update or revise such statements to reflect
new information, subsequent or otherwise.
For further information contact:
Ali Mahdavi
Emblem Corp.
(416) 962-3300
alimahdavi@emblemcorp.com
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