November 14th, 2014 – Toronto, Ontario – Matica Enterprises Inc. (CSE Symbol: GRF) (Frankfurt: 39N) (“Matica” or the “Company”) is pleased to provide an update on the signing of a recent agreement with a Nova Scotia MMPR Marijuana growing facility with “Ready To Build” status. Matica shares were halted from trading on the CSE on August 26th 2014 pending a change of business with a new company focus in the Medical Marijuana industry. Trading of Matica shares will resume today at market opening.
The Company has recently signed a definitive agreement with THC Dispensaries, Inc. (“THCD”), a Nova Scotia company with “Ready to Build” status and a brand new state of the art, free standing marijuana growing facility. THCD has completed construction and is awaiting the pre-licence inspection by Heath Canada to become the newest Licenced Producer (“LP”) under the Marijuana for Medical Purposes Regulation (“MMPR”) program.
The MMPR license will allow the Company to supply dried marijuana to customers and dispensaries. THCD’s facility is located on 35 acres in Antigonish, Nova Scotia, allowing for production expansion as demand for medical marijuana continues to grow.
Matica Enterprises CEO, Boris Ziger states, “We have added significant value to Matica since our shares have been halted through this major acquisition. The signing of the definitive agreement with THC Dispensaries is a major milestone for Matica and propels the Company forward toward its near term goal of becoming a licensed producer of medical marijuana under the new MMPR program.”
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
The Company’s filings are available for review at www.sedar.com and www.thecse.com.
Cautionary Note Regarding Forward-Looking Statements:
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian Securities Regulators, which filings are available at www.sedar.com and www.thecse.com.