Mondias continues growth of retail business
across Canada and announce
issuance of stock options
MONTREAL, Jan. 25, 2019 /CNW/ - Mondias Natural Products
Inc ("Mondias" or "Company"), (TSX
VENTURE: NHP) announces the signing of a sales representation
agreement with Wisdom of Nature Brokerage, a company specializing
in the retail sales of Natural Health Products in Ontario. Mondias through its recently acquired
Holizen brand, has been operating successfully in the province of
Quebec and is now expanding retail
operations to Ontario for the
first phase of its Canada wide
distribution.
Other news
The Board of Directors of the Company has approved the granting
of 2,550,000 stock options to directors, officers, consultants and
employees of the Company. The exercise price of the options is
$0.235 (the closing price of the
shares on January 21, 2019). The
options vest over a 3-year period.
The above-mentioned options have been granted pursuant to the
Mondias's Stock Option Plan. Following this stock option grant the
Company has a total of 2,950,804 stock options outstanding, which
represents less than 5% of the Company's issued and outstanding
common shares.
About Wisdom of Nature Inc.
With more than 25 years
of experience in the Natural Health Food Industry, Wisdom of
Nature, led by its president and CEO Corine
Johnson, specializes in sales development and
independent/mass market product listing across the province of
Ontario. They represent top brands
like Strauss, Joy of the Mountain, Nature's Aid, Abundance
Naturally, Cannanda and Pro Santé.
About Mondias Natural Products Inc.
Mondias
specializes in the commercialization and development of evidence
based botanical products for the health care and bio agriculture
markets. The company is already selling both oral and topical
botanical agents to help manage unmet medical needs through Holizen
Laboratories, one of its divisions. Mondias is also developing
botanical based specialty fertilizers for use on household plants,
urban gardens, lawns, golf courses, nurseries or greenhouses in
collaboration with McGill's Faculty of Agricultural and
Environmental Sciences.
For more information, visit : mondias.ca
Neither the 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 this release.
Forward-looking statements
Some statements in this
release may contain forward-looking information. All statements,
other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will
or may occur in the future (including, without limitation,
statements regarding potential acquisitions and financings) are
forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe",
"intend", "plan" or "project" or the negative of these words or
other variations on these words or comparable terminology.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to
control or predict, that may cause the actual results of the
Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results
or events to differ materially from current expectations include,
among other things, without limitation, the inability of the
Company to obtain sufficient financing to execute the Company's
business plan; competition; regulation and anticipated and
unanticipated costs and delays, the success of the Company's
research and development strategies, the success of this joint
venture, the ability to obtain orphan drug status, the
applicability of the discoveries made therein, the successful and
timely completion and uncertainties related to the regulatory
process, the timing of clinical trials, the timing and outcomes of
regulatory or intellectual property decisions and other risks
disclosed in the Company's public disclosure record on file with
the relevant securities regulatory authorities. Although the
Company has attempted to identify important factors that could
cause actual results or events to differ materially from those
described in forward-looking statements, there may be other factors
that cause results or events not to be as anticipated, estimated or
intended. Readers should not place undue reliance on
forward-looking statements. While no definitive documentation has
yet been signed by the parties and there is no certainty that such
documentation will be signed. The forward-looking statements
included in this news release are made as of the date of this news
release and the Company does not undertake an obligation to
publicly update such forward-looking statements to reflect new
information, subsequent events or otherwise unless required by
applicable securities legislation.
SOURCE Mondias Natural Products Inc.