Integrated Cannabis Company Inc. (OTCQB:ICNAF) (CSE:ICAN) Breaking News -
September 20, 2018
Integrated Cannabis Company,
Inc. Signs Distribution Agreement with Empower Clinics, Inc.
VANCOUVER, British Columbia, - September 20, 2018 -- Integrated
Cannabis Company Inc. (OTCQB:ICNAF)
(CSE:ICAN)
(the “Company” or “Integrated Cannabis”) is pleased to announce the
completion of a Letter of Intent (LOI) to distribute X-SPRAYS™ products
throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE: EPW;
FRA: 8EC) (“Empower”), a leading owner and operator of medical cannabis and
wellness clinics in the United States (US).
The companies have recently engaged with their marketing and distribution teams
to streamline the logistics of rolling out new products in the Empower clinics.
Integrated Cannabis will distribute all of its CBD-infused X-SPRAYS™ including;
CBD, Sleep, Recover, Libido and Energy throughout the Empower ecosystem.
“We believe this milestone marks another significant move for distribution of
X-SPRAYS™ in key markets across the United States. In addition, we believe this
alliance will help increase awareness from credible sources about alternative
treatments for those struggling with opioid addiction, pain, anxiety, sleep
issues and people seeking overall well-being,” said Mr. John Knapp, CEO of
Integrated Cannabis. The Company expects to sign a definitive agreement with
Empower in the coming weeks.
“We are very excited about our partnership with X-SPRAYS as we believe it brings
leading technology and treatment for the most common conditions our patients
face. X-SPRAYS state of the art product formulations and unique metered dosage
help consistently deliver a world class product,” said Mr. Craig Snyder, CEO of
Empower.
As of August 31, Empower has more than 25,000 patients under care across 15
locations with medical cannabis treatments in Oregon, Washington and Illinois.
The patient base in Oregon represents approximately one-third of the state’s
total medical card issuance. In addition, Empower has an historical patient
database of more than 120,000 in the two states.
On September 12, Empower announced the opening of its flagship Chicago clinic.
In Illinois, the company seeks to expand its operations and achieve a leadership
position as it executes on parallel national clinic and product strategies.
There is currently an opioid epidemic in the United States and the company’s
announced Chicago facility closely followed the endorsement by Illinois Governor
Bruce Rauner of medical cannabis as a frontline treatment and alternative for
patients with a new statewide measure he signed into law on Aug 28.
ABOUT EMPOWER
Empower is a leading owner and operator of medical cannabis and wellness
clinics, as well as a developer of medical products in the US, focused on
enabling individuals to improve and protect their health. The company provides
treatment solutions through its physician-staffed clinics that are focused on
education, data, and efficacy. Empower is a recognized leader and the first
choice for patients seeking quality experience and improved health.
About Integrated Cannabis Company
Integrated Cannabis Company, Inc. is comprised of dedicated scientists and
product engineers who are passionate about health and creating health and
lifestyle products utilizing advanced delivery systems and formulations. For
more information, please visit the company’s website at:
www.x-sprays.com.
ON BEHALF OF THE BOARD
“John Knapp”
Chief Executive Officer
For further information, please contact:
Telephone: 778-403-3358
Email: info@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term
is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian
Securities Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
SOURCE: Integrated Cannabis Company Inc.
Integrated Cannabis Company,
Inc. Develops THC Infused Spray Product
VANCOUVER, British Columbia, - September 13, 2018 -- Integrated
Cannabis Company Inc. (OTCQB:ICNAF)
(CSE:ICAN)
(the “Company” or “Integrated Cannabis”) is pleased to announce the
completion of a market ready Tetrahydrocannabinol (THC)-infused spray product
and the required licensure for manufacturing of the product in Colorado.
Over the past ten months the Company has engaged and worked with contractors,
consultants and various state and municipal regulators in order to successfully
gain licensing and approvals for facilities that manufacture CBD- and
THC-infused products in the State of Colorado.
The THC product employs the same nanotechnology used to enhance the CBD-infused
X-SPRAYS™, resulting in higher bioavailability and faster uptake versus capsules
or powder. The Company continues to enhance the flavor profiles in order to find
an optimal formula.
“We are pleased to be adding THC products to our proprietary line of sprays and
plan to launch via distribution in Colorado beginning in Q4 and shall pursue
other legal markets thereafter,” said Mr. John Knapp, CEO of Integrated
Cannabis.
To best demonstrate the Company’s activities in the Manufacturer of Infused
Products (MIP) area, a chronological outline follows:
• Completed the build out of a commercial kitchen adjacent to a licensed Medical
and Recreational extraction lab
• Completed Process Validation with the Colorado Marijuana Enforcement Division
(MED)
• Secured a high-quality CBD source from a supplier with Colorado Department of
Public Health and Environment (CDPHE) Registration Certificate and Colorado Hemp
License
• Received Shelf Stability approval to sell X-SPRAYS™ CBD formulation in Denver
• Received approval to sell CBD formulated products throughout all of Colorado
• Secured a high-quality THC source from a duly licensed Colorado Medical and
Recreational extraction lab
• Received approval to sell THC formulated products throughout most of Colorado
– only awaiting approval for City of Denver
• Submitted Shelf Stability application to sell X-SPRAYS™ THC formulation in
Denver
About Integrated Cannabis Company
Integrated Cannabis Company, Inc. is comprised of dedicated scientists and
product engineers who are passionate about health and creating health and
lifestyle products utilizing advanced delivery systems and formulations. For
more information, please visit the company’s website at: www.x-sprays.com.
ON BEHALF OF THE BOARD
“John Knapp”
Chief Executive Officer
For further information, please contact:
Eugene Beukman
Email: investors@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term
is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian
Securities Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
SOURCE: Integrated Cannabis Company Inc.
Integrated Cannabis Company,
Inc. Provides Corporate Update
VANCOUVER, British Columbia, - September 6, 2018 -- Integrated
Cannabis Company Inc. (OTCQB:ICNAF)
(CSE:ICAN)
(the “Company” or “Integrated Cannabis”) is pleased to provide a corporate
update.
Commercial Stage Products: X-SPRAYS™
The Company’s X-SPRAYS™ product line consists of eight market ready orally
ingested spray products that are highly effective for overall health and
well-being as well as general lifestyle. Four products are available infused
with hemp-based cannabidiol (CBD) and four products are formulated without a
cannabidiol (CBD) infusion. The state of the art formulations are free from
artificial flavours, artificial colours, sugar, starch, wheat, soy, gluten,
eggs, salt and dairy. The sprays contain natural fruit and/or herbal flavours
and are suitable for vegetarians and vegans. The products are highly
bioavailable such that the active ingredients in the sprays are already fully
dissolved, so the vitamins and minerals do not need to be further broken down
once swallowed, but are immediately available for use by the body.
The X-SPRAYS™ product line is packaged in precise, metered dose and convenient
spray tubes including a child-resistant version, both of which easily fit into a
purse or pocket and are ideal for travel. The container protects the liquid from
light and air, ensuring the quality and shelf life of the ingredients.
The full product offering is listed below in Table 1.0
Product Name |
Product Description / Use |
CBD |
Stress relief, pain management |
Sleep with CBD |
Sleep aid, non habit forming |
Focus |
Mental clarity |
Relief |
General relief |
Sleep |
Sleep aid, non-habit forming |
Recover |
Anti-hangover |
Energy |
Energy boost |
Libido |
Aphrodisiac, enhance sexual vitality |
X-SPRAYS™ Test Marketing
Online sales of the X-SPRAYS™ were initiated in late 2017 and have continued up
to the present. These sales have been encouraging, considering the previously
limited marketing budget, and the Company has seen numerous repeat customer
orders which demonstrates product uptake and consumer affinity for the
X-SPRAYS™.
In addition to Internet sales, the Company has test marketed selected products
in two Medical Marijuana dispensaries in Colorado. These sales began in February
2018 and continue. Proceeds from these sales have been reinvested in Colorado
marketing initiatives. The Company has learned, however, that marketing combined
with in-store promotions can generate minimum sales in excess of 1 product per
day in the retail environment. While this number is insignificant from a revenue
perspective on a small scale retail distribution, it becomes significant when
considering retail distribution outlets in the hundreds of locations. A single
product selling only one unit per day in 100 stores could generate wholesale
revenue in excess of tens of thousands of dollars per day. The Company has four
products that are CBD infused, four non-CBD infused and a soon to be launched
line of THC products that will have multiple SKU’s. With market testing
complete, X-SPRAYS™ plans to roll out additional brick and mortar distribution
throughout dispensaries, vape stores, gas stations, and convenience stores
across the country.
Additionally, the Company intends to launch an aggressive online marketing
campaign to drive sales through the utilization of traditional on-line channels
and via established product influencers..
Acquisition Opportunities
“We are currently in the late stages of reviewing a short list of potential
acquisition opportunities that would broaden our product offering from the
existing X-SPRAYS line to potentially licensed Cannabis formulations in several
US States,” said Mr. John Knapp, CEO of Integrated Cannabis Company. The Company
will provide additional updates as required.
About Integrated Cannabis Company
Integrated Cannabis Company, Inc. is comprised of dedicated scientists and
product engineers who are passionate about health and creating health and
lifestyle products utilizing advanced delivery systems and formulations. For
more information, please visit the company’s website at: www.x-sprays.com.
ON BEHALF OF THE BOARD
“John Knapp”
Chief Executive Officer and Director
For further information, please contact:
Email: investors@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term
is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian
Securities Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
SOURCE: Integrated Cannabis Company, Inc.
X-SPRAYS ANNOUNCES EXCLUSIVE DISTRIBUTION AGREEMENT WITH CONSUMER PACKAGED GOODS
DISTRIBUTOR IN EUROPE
VANCOUVER, British Columbia, - November 30, 2017 -- CNRP Mining Inc.
(OTCQB:CRPGF) (CSE:CND)
(“CNRP” or the “Company”) is pleased to announce that X-SPRAYS has
signed an exclusive distribution agreement with a national distributor of
consumer packaged goods in Europe (the “Distributor”). Under the terms of the
agreement the Distributor will supply X-SPRAYS products to the following
countries: Germany, Austria and Switzerland.
The Distributor has a 10-year history and multiple existing retail channels,
including pharmacies, drug stores and a robust
online presence. X-SPRAYS products will be supplied leveraging the Distributor’s
extensive network and this partnership provides X-SPRAYS with unique access to
the European market. The Company will begin shipping products to the Distributor
in early Q1-2018, pending necessary approvals. With a population exceeding 82
million people and federal insurance coverage for cannabis, Germany represents
the world’s largest legal cannabis market.
“We are excited to have partnered with an established and recognized leader in
the European consumer packaged goods marketplace. This agreement allows us to
utilize an existing network with wide reach to immediately create a presence in
the world’s largest federally legislated medicinal cannabis market,” said Mr.
John Knapp, CEO of X-SPRAYS.
About X-SPRAYS
X-SPRAYS is comprised of dedicated scientists and product engineers who are
passionate about health and creating the ultimate delivery system for optimal
nutrition. The company has focused its efforts on creating a product line of
oral sprays to deliver medicines, nutrients and vitamins. To date, X-SPRAYS has
developed a novel line of 8 health care and life enhancement nutraceutical
products focused on areas such as pain, energy, libido and sleep.
The Company’s product line is ready for commercialization with 8 novel sprays
that include both hemp cannabidiol (CBD) and nutraceutical ingredients. X-SPRAYS
intends to expand its product line to include cannabis tetrahydrocannabinol
(THC) and additional CBD sprays. For more information, please visit the
company’s website at: www.x-sprays.com.
ON BEHALF OF THE BOARD
"Randy Clifford"
Director
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term
is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian
Securities Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
Source: CNRP Mining
CNRP Mining Target X-SPRAYS Announces Start of Test Market for Products with
Colorado Based Dispensary Group
VANCOUVER, British Columbia, - November 8, 2017 -- CNRP Mining Inc.
(OTCQB:CRPGF) (CSE:CND)
(“CNRP” or the “Company”) is pleased to announce that X-SPRAYS has
launched a test market for two of its products with a group of Denver, Colorado
based medical and recreational marijuana dispensaries. The test market is
expected to last three months, after which the Company will provide an update on
the sales and performance of the products. The products that will be subject to
the test market are: 300mg CBD and Sleep with CBD.
About X-SPRAYS
X-SPRAYS is comprised of dedicated scientists and product engineers who are
passionate about health and creating the ultimate delivery system for optimal
nutrition. The company has focused its efforts in creating a product line of
oral sprays to deliver medicines, nutrients and vitamins. To date, X-SPRAYS has
developed a novel line of 8 health care and life enhancement nutraceutical
products focused on enhancing pain relief, awareness, sleep, libido, energy and
recovery.
The Company’s product line is ready for commercialization with 8 novel sprays
that include both hemp cannabidiol (CBD) and nutraceutical ingredients (4 with
CBD and 4 nutraceutical). X-SPRAYS intends to expand its product line to include
cannabis Tetrahydrocannabinol (THC) and CBD sprays. For more information, please
visit the company’s website at: www.x-sprays.com.
ON BEHALF OF THE BOARD
"Randy Clifford"
Director
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release. Neither the Canadian Securities Exchange nor its Market Regulator (as
that term is defined in the policies of the Canadian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this release. The
Canadian Securities Exchange has not in any way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
Source: CNRP Mining
CNRP Mining Announces Definitive Agreement for Acquisition of X-SPRAYS
VANCOUVER, British Columbia, - October 25, 2017 -- CNRP Mining Inc.
(OTCQB:CRPGF) (CSE:CND)
(“CNRP” or the “Company”) is pleased to announce that further to its
press releases of July 21, 2017 and August 22, 2017 it has entered into a share
exchange agreement dated October 24, 2017 (the “Definitive Agreement”) to
acquire all of the issued and outstanding shares of 1127466 B.C. Ltd. which
holds, through a wholly owned subsidiary, a world-wide, exclusive license for
X-SPRAYS – a brand of stateof-the-art life-enhancement products administered via
an optimal oral spray delivery system (the “Transaction”).
Pursuant to the terms of the Definitive Agreement, the Company will, upon
closing of the Transaction, issue to X-SPRAYS shareholders an aggregate of
16,500,000 common shares in the capital of the Company (the “Payment Shares”) at
a deemed price of CAD$0.30 per Payment Share. Additionally, up to 28,000,000
CNRP shares will be issuable upon certain commercial milestones being achieved
by X-SPRAYS (the “Performance Shares”). The Payment Shares and the Performance
Shares will be subject to escrow conditions and/or resale restrictions as
required by applicable securities laws and the
policies of the Canadian Securities Exchange (the “CSE”).
The Transaction remains subject to certain closing conditions, including,
obtaining all necessary approvals, including, approval of the respective boards,
the approval of the CSE, and if applicable, shareholders of the Company. There
can be no guarantees that the Transaction will be completed as proposed or at
all. Subject to CSE approval, a finder’s fee of 1,650,000 common shares will be
payable to an arm’s length party in connection with the Transaction. None of the
Payment Shares or Performance Shares to be issued pursuant to the Transaction
have been or will be registered under the U.S. Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any state securities laws, and any
Payment Shares or Performance Shares issued pursuant to the Transaction are
anticipated to be issued in reliance upon available exemptions from such
registration requirements pursuant to Rule 506(b) of Regulation D and/or Section
4(a)(2) of the U.S. Securities Act and applicable exemptions under state
securities laws. In addition, the Payment Shares to be issued pursuant to the
Transaction under an exemption from the registration requirements of the U.S.
Securities Act will be “restricted securities” as defined under Rule 144(a)(3)
of the U.S. Securities Act and will contain the appropriate restrictive legend
as required under the U.S. Securities Act.
About X-SPRAYS
X-SPRAYS is comprised of dedicated scientists and product engineers who are
passionate about health and creating the ultimate delivery system for optimal
nutrition. The company has focused its efforts in creating a product line of
oral sprays to deliver medicines, nutrients and vitamins. To date, X-SPRAYS has
developed a novel line of 8 health care and life enhancement nutraceutical
products focused on enhancing pain relief, awareness, sleep, libido, energy and
recovery.
The Company’s product line is ready for commercialization with 8 novel sprays
that include both hemp cannabidiol (CBD) and nutraceutical ingredients (4 with
CBD and 4 nutraceutical). X-SPRAYS intends to expand its product line to include
cannabis Tetrahydrocannabinol (THC) and CBD sprays. For more information, please
visit the company’s website at: www.x-sprays.com.
ON BEHALF OF THE BOARD
"Randy Clifford"
Director
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release. Neither the Canadian Securities Exchange nor its Market Regulator (as
that term is defined in the policies of the Canadian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this release. The
Canadian Securities Exchange has not in any way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
Source: CNRP Mining
CNRP Mining Announces Closing
of $3,000,000 Private Placement and Amendments to Previously Closed Offerings
VANCOUVER, British Columbia, - Sept. 26, 2017 -- CNRP Mining Inc.
(OTCQB:CRPGF) (CSE:CND)
(“CNRP” or the “Company”) is pleased to announce that it has now
closed its previously announced (see press releases dated July 21, 2017 and
August 22, 2017) non-brokered private placement offering (the “Offering”). In
connection with the Offering, the Company issued 10,000,000 common shares in the
capital of the Company (a “Share”) at a price of $0.30 per Share for gross
proceeds of $3,000,000.
In connection with the Offering, the Company has paid eligible finders a cash
commission in the aggregate amount of $86,631.96 being 8% of the gross proceeds
from the sale of Shares to purchasers introduced by the finders, as well as
issued an aggregate of 288,773 finders’ warrants (“Finders’ Warrants”), which is
equal to 8% of the number of Shares sold to purchasers introduced by the
finders. Each Finders’ Warrant entitles the finder to acquire a Share at an
exercise price of $0.40 per Share until September 26, 2018.
All securities issued in connection with the Offering are subject to a statutory
hold period of four months plus a day from the date of issuance in accordance
with applicable securities legislation expiring on January 27, 2017. The net
proceeds from the Offering are expected to be used to fund the Company’s
acquisition of X-Sprays (see press release dated August 22, 2017) and for
general corporate purposes.
Additionally, the Company reports that the terms of its previously closed
non-brokered private placements have been amended.
Specifically, on June 13, 2017, the Company completed a non-brokered private
placement of units (“Units”) at a price of $0.115 per Unit for gross proceeds of
$1,036,437.50. Each Unit was comprised of one Share and three-quarters of one
transferable common share purchase warrant (each whole warrant, a “Warrant”),
with each Warrant exercisable into one additional Share at a price of $0.15
until June 13, 2018. An aggregate of 9,012,500 Shares and 6,759,375 Warrants
were issued in connection with this offering. The price per Unit has been
voluntarily adjusted by the subscribers from $0.115 to $0.30 (“Adjusted Unit”)
and each warrant will be exercisable at a price of $0.30 per Share rather than
$0.15 (“Adjusted Warrant”). In addition, some securities issued in connection
with this offering have been cancelled. In total, the Company issued 3,731,950
Adjusted Units at a price of $0.30 per Adjusted Unit for gross proceeds of
$1,119,585. An aggregate of 3,731,950 Shares and 2,798,955 Adjusted Warrants
were issued.
In addition, On July 14, 2017, the Company completed a non-brokered private
placement of Shares at a price of $0.20 per Share for gross proceeds of
$600,000. An aggregate of 3,000,000 Shares were issued in connection with this
offering. The price per Share has been voluntarily adjusted by the subscribers
from $0.20 per Share to $0.30 per Share. In addition, some securities issued in
connection with this offering have been cancelled. In total, the Company issued
1,683,329 Shares at a price of $0.30 per Share for gross proceeds of
$504,998.70.
ON BEHALF OF THE BOARD
"Randy Clifford"
Director
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
The CSE does not accept responsibility for the adequacy or accuracy of this
release.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act”), or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
This press release contains “forward-looking information” within the meaning of
applicable Canadian securities laws. All statements, other than statements of
historical fact, included herein, including statements regarding the proposed
share consolidation, the proposed shares for debt settlement transactions and
the creation of a new control person, are forward-looking information.
Forward-looking information is typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate and similar expressions or are
those which, by their nature, refer to future events. Although the Company
believes that such statements are reasonable, there can be no assurance that
such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. The Company
cautions investors that any forward-looking information disclosed by the Company
is not a guarantee of future performance, and that actual results may differ
materially from those in forward-looking information. Accordingly, readers
should not place undue reliance on forward-looking information. Except as
required under applicable securities legislation, the Company undertakes no
obligation to publicly update or revise forward-looking information.
Source: CNRP Mining
CNRP Mining Inc. Provides Update on X-SPRAYS Acquisition and $3,000,000 Private
Placement
VANCOUVER, British Columbia, - August 23, 2017 -- CNRP Mining Inc.
(OTCQB:CRPGF) (CSE:CND)
(“CNRP” or the “Company”) is pleased to announce that further to the
Company’s press release on July 21, 2017 and in conjunction with its non-binding
letter of intent (the “LOI”) to acquire X-SRAYS (the “Transaction”), it has
advanced USD $300,000 to X-SPRAYS. Furthermore, CNRP anticipates signing a
definitive agreement for the acquisition in September 2017.
Through the Transaction CNRP will acquire all of the issued and outstanding
shares of 1127466 B.C. Ltd. which holds, through a wholly owned subsidiary, a
world-wide, exclusive license for X-SPRAYS – a brand of state-of-the-art
life-enhancement products administered via an optimal oral spray delivery
system.
The Transaction remains subject to certain closing conditions, including,
completion of due diligence, the negotiation and signing of a definitive
agreement and obtaining all necessary approvals, including, approval of the
respective boards, the approval of the CSE, and if applicable, shareholders of
the Company. There can be no guarantees that the Transaction will be completed
as proposed or at all.
Private Placement
In connection with the Transaction, the Company is also pleased to announce that
it intends to close its previously announced non-brokered private placement
offering of up to 10,000,000 shares (the “Shares”) at a price of $0.30 per Share
for gross proceeds of up to $3,000,000 (the “Offering”) in early September 2017.
Closing of the Offering is subject to a number of conditions, including receipt
of all necessary corporate and regulatory approvals, including the CSE. All
securities issued in connection with the Offering will be subject to a statutory
hold period of four months plus a day from the date of issuance in accordance
with applicable securities legislation. The Offering is not subject to a minimum
aggregate amount of subscriptions.
The Company confirms that it has no relationship with MarijuanaStocks.com and
did not solicit or pay a fee to them for the recent article they posted touting
CNRP Mining Inc.
ON BEHALF OF THE BOARD
“Randy Clifford”
CEO
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term
is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian
Securities Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
Source: CNRP Mining
CANADIAN MINING CORP. ANNOUNCES
CLOSING OF OVER-SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
Canadian Mining closes $2.19-million private placement
VANCOUVER, British Columbia, - August 3, 2017 -- CNRP Mining Inc.
(OTC:CRPGF) (CSE:CND)
(“CNRP” or the “Company”) further to its news release of July 5, 2017, has
closed a non-brokered private placement for 8,798,944 units at a price of 25
cents per unit to raise gross proceeds of $2,199,736. Due to demand, the
offering was increased from $2-million in gross proceeds.
Each unit will consist of one common share and one non-transferable common share
purchase warrant. Each common share purchase warrant is exercisable for one
additional common share of the company at a price of $1 for a period of two
years from the date of issue.
Of particular interest with this offering is that all participants of the
financing have signed a voluntary pooling agreement
that subjects the shares acquired, and any shares acquired on exercise of the
share purchase warrants, to an eight-month staged release of 50 per cent of the
shares becoming free trading every four months.
The company paid cash finders' fees of $147,345.52 and issued 365,820 share
purchase warrants to certain qualified finders in connection with the offering.
Each finder's warrant is exercisable into one common share of the company at a
price of $1 per share for a period of two years from the date of issuance.
Proceeds from the offering will be used to advance the company's operations and
general working capital, including potential acquisitions, marketing, corporate
accounting and geological services.
The offering is subject to the approval of the TSX Venture Exchange, and all
securities issued thereunder will be subject to a minimum of a
four-month-and-one-day hold period under applicable securities laws.
We seek Safe Harbor.
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
Source: CNRP Mining
CNRP Mining Inc. Announces LOI
for Acquisition of X-SPRAYS
Canadian Mining closes $2.19-million private placement
VANCOUVER, British Columbia, July 21, 2017 (GLOBE NEWSWIRE) -- CNRP
Mining Inc. (OTC:CRPGF)
(CSE:CND) (“CNRP”
or the “Company”) is pleased to announce that it has entered into non-binding
letter of intent (the “LOI”) to acquire (the “Transaction”) all of the issued
and outstanding shares of 1127466 B.C. Ltd. which holds, through a wholly owned
subsidiary, a world-wide, exclusive license for X-SPRAYS – a brand of
state-of-the-art life-enhancement products administered via an optimal oral
spray delivery system.
About X-SPRAYS
X-SPRAYS is comprised of dedicated scientists and product engineers who are
passionate about health and creating the ultimate delivery system for optimal
nutrition. The company has focused its efforts in creating a product line of
oral sprays to deliver medicines, nutrients and vitamins. To date, X-SPRAYS has
developed a novel line of 8 health care and life enhancement nutraceutical
products focused on enhancing pain relief, awareness, sleep, libido, energy and
recovery.
The Company’s product line is ready for commercialization with 8 novel sprays
that include both hemp cannabidiol (CBD) and nutraceutical ingredients (4 with
CBD and 4 nutraceutical). X-SPRAYS intends to expand its product line to include
cannabis Tetrahydrocannabinol (THC) and CBD sprays. For more information, please
visit the company’s website at: www.x-sprays.com.
Letter Agreement
Pursuant to the terms of the Letter Agreement, the Company will, upon closing of
the Transaction, issue to X-SPRAYS shareholders an aggregate of 14,666,667
common shares in the capital of the Company (the “Payment Shares”) at a deemed
price of CAD$0.30 per Payment Share. Additionally, up to 20,000,000 CNRP Shares
will be issuable upon certain commercial milestones being achieved by X-SPRAYS.
The Payment Shares will be subject to escrow conditions and/or resale
restrictions as required by applicable securities laws and the policies of the
Canadian Securities Exchange (the “CSE”).
The Transaction remains subject to certain closing conditions, including,
completion of due diligence, the negotiation and signing of a definitive
agreement and obtaining all necessary approvals, including, approval of the
respective boards, the approval of the CSE, and if applicable, shareholders of
the Company. There can be no guarantees that the Transaction will be completed
as proposed or at all.
Private Placement
In connection with the Transaction, the Company is also pleased to announce that
it intends to complete a non-brokered private placement offering of up to
10,000,000 shares (the “Shares”) at a price of $0.30 per Share for gross
proceeds of up to $3,000,000 (the “Offering”).
In connection with the Offering, the Company may pay a finder’s fee on the
Offering within the amount permitted by the policies of the CSE.
Closing of the Offering is subject to a number of conditions, including receipt
of all necessary corporate and regulatory approvals, including the CSE. All
securities issued in connection with the Offering will be subject to a statutory
hold period of four months plus a day from the date of issuance in accordance
with applicable securities legislation. The Offering is not subject to a minimum
aggregate amount of subscriptions.
None of the Payment Shares to be issued pursuant to the Transaction or
securities issued pursuant to the Offering have been or will be registered under
the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any
state securities laws, and any Payment Shares issued pursuant to the Transaction
are anticipated to be issued in reliance upon available exemptions from such
registration requirements pursuant to Rule 506(b) of Regulation D and/or Section
4(a)(2) of the U.S. Securities Act and applicable exemptions under state
securities laws. In addition, the Payment Shares to be issued pursuant to the
Transaction under an exemption from the registration requirements of the U.S.
Securities Act will be “restricted securities” as defined under Rule 144(a)(3)
of the U.S. Securities Act and will contain the appropriate restrictive legend
as required under the U.S. Securities Act.
ON BEHALF OF THE BOARD
“Randy Clifford”
CEO
Neither the Canadian Securities Exchange nor its Market Regulator (as that term
is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian
Securities Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as required under
the applicable laws.
For further information, please contact:
Randy Clifford
Telephone: 780-466-6006
Email: info@cnrpmining.com
Source: CNRP Mining
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About Integrated Cannabis Company Inc.:
About
Our company is comprised of dedicated scientists and product engineers who are
passionate about health and creating the ultimate delivery system for optimal
nutrition. The ongoing vision comes from Dr. Clive Spray, our founder. Dr. Spray
remains as involved in formulations and manufacturing as the day he started this
process 17 years ago.
Our dedicated research and development explores ways to incorporate the best of
nutritional science into our products, bringing nutrition into the 21st century.
Our people are passionate about making a difference, and our products are the
result of that passion.
The Science:
- International Journal of Pharmacy & Life Sciences: Intra Oral Sprays- An
Overview
Over the last three decades, intraoral dosage forms have been evolving as an
acceptable and in some cases as the preferred, alternative to conventional
tablets and capsules. Among them, Oral sprays are the fastest, most effective
and comfortable way to take medicines, nutrients, minerals and vitamins. They
have been acquiring important position in the market by overcoming previously
encountered administration problems and contributing to extension of patent
life.
Oral sprays have the unique property of rapidly releasing the drug in the oral
cavity, thus obviating the requirement of water during administration.
Therefore, these dosage forms have lured the market for a certain section of the
patient population which includes dysphagic, bed ridden, and psychic, geriatric
patients. This article focuses on the transmucosal view , spray formulation
aspects , advances made so far in the field oral sprays and patented
technologies.
- A Multi Center Trial: Studies on the response of nitroglycerin oral spray
compared with sublingual tablets for angina pectoris patients with dry mouth.
Abstract: Nitroglycerin (glyceryl trinitrate, CAS 55-63-0, NTG) administered
with an oral spray may be more effective in relieving anginal pain than
sublingual tablets especially when the patient’s mouth is dry. In this study,
the effect of a NTG oral spray (Myocor Spray) on exercise-induced angina was
compared with that of a sublingual tablet in relation to the oral dryness. In 17
patients with effort angina, graded bicycle exercise was performed twice at an
interval of one week.
Exercise was discontinued upon the onset of moderate anginal pain. Immediately
after exercise, the oral dryness was evaluated by touching the tip of the tongue
with a blotting paper for a moment. Then, 0.3 mg of NTG was administered by
either a squirt of spray or a sublingual tablet in a randomized crossover
fashion. Exercise results were reproducible between two exercise tests.
According to the extent of the wet area of the blotting paper, the subjects were
divided into two groups.
In 7 patients of the wet group, the remission times of chest pain and ST segment
depression were not significantly different by the formulation of NTG. In 10
patients of the dry group, however, both chest pain and ST depression more
rapidly recovered with use of the oral spray (p < 0.05 and p < 0.05,
respectively). These results strongly suggest that the NTG oral spray is
superior to the sublingual tablet in relieving anginal attacks, when the oral
wetness is decreased.
About the Products:
- Highly bioavailable
The active ingredients in our fine mist sprays are already fully dissolved or
dispersed into the spray solution. This means the important vitamins and
minerals do not need to be broken down once swallowed, but are immediately
available for use by the body
- Simply Superior
We know that using oral spray nutritional supplements is simply superior to
taking pills or capsules. Very few of us enjoy swallowing pills, and many are
not physically able to. The oral spray delivery system is the convenient,
pleasant-tasting alternative.
- State of the art formulations
We have taken great care to create excellence. Our formulas are free of:
artificial flavors, artificial colors, sugar, starch, wheat, soy, gluten, eggs,
salt and dairy. Our sprays contain natural fruit or mint flavors and are
suitable for vegetarians.
- Convenience
The spray tube easily fits in your purse, pocket, or briefcase. Convenient use
of the spray without the need for a glass of water to take your supplements. The
spray tubes are perfect for travel. The container we use protects the liquid
from light and air, keeping the ingredients potent.
- Reliable dosage
Each oral spray gives a precise, metered dose of product with every pump.
- 30 Doses in Every Tube
Each tube of X-SPRAYS ™ products contains a 30 day supply when used as suggested
which is 8 sprays every day.
Frequently Asked Questions
Q: Why are your products sprays?
A: We believe that using oral spray nutritional supplements is simply superior
to taking pills or capsules. Very few of us enjoy swallowing pills, and many are
not physically able to. The oral spray delivery system is the convenient,
pleasant-tasting alternative.
Q: What is the tube made from?
A: X-SPRAYS products are packaged in aluminum tubes. The interior of the tube is
lined with a coating to ensure that the liquid vitamins do not come into direct
contact with the aluminum of the can.
Q: How do I use the products?
A: Each X-Sprays product is an oral spray nutritional supplement. To use the
product:
Gently shake the tube
Spray into the mouth preferably onto the inside of the cheeks, hold in the mouth
and then swallow
Spray a total of 8 sprays per day to receive the recommended dose as indicated
on the label.
Q: How should I store the product?
A: X-Sprays products should be stored at room temperature in an upright
position.
Q: Are your products tested on animals?
A: No
Q: Are X-SPRAYS products suitable for vegetarians?
A: Yes, there are no animal products or ingredients derived from animals in our
products.
Q: How long does one tube of X-SPRAYS vitamins last?
A: Each tube (vial) contains a one-month (30 day) supply when used as suggested
(8 sprays per day).
Q: What about allergens in the products?
A: At X-SPRAYS we use no artificial flavors or colors, and no starch, wheat,
soy, gluten, eggs, salt, or dairy.
Q: What do you use to flavor the products?
A: X-SPRAYS products are flavored with natural fruits and mints. The products
are sweetened with either xylitol or steviol glycosides (stevia leaf extract).
SOURCE: http://www.x-sprays.com/
Disclaimer
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SHARES OF CNRP Mng Inc.
This release contains "forward-looking statements" within the meaning of Section
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