December 9, 2014 – Toronto, Ontario – Matica Enterprises Inc. (CSE: MMJ) (“Matica” or the “Company”) is pleased to announce it will be moving forward with the marketing and distribution of Chlorine Dioxide tablets with Bellerosa Distributing Ltd. (“Bellerosa”). The Company has now signed a definitive agreement with Bellerosa to exclusively market Chlorine Dioxide tablets. Matica will distribute and market cutting edge Chlorine Dioxide tablets in the medical marijuana industry for the elimination of mold, biofilm, and pests in controlled growing facilities; eliminating the need for harmful pesticides that are restricted by Health Canada.
Matica has modified the terms initially outlined in the letter of intent (the “LOI”) announced on July 15, 2014. Under the newly agreed terms and conditions Matica will acquire 60% of the Joint Venture by issuing 4,000,000 shares of Matica stock to Bellerosa.
Matica Enterprises CEO, Boris Ziger states, “Our Chlorine Dioxide tablets could be a game changer for the medical marijuana growers. Mold and pests are a serious problem for MMPR growers, one which we aim to solve with a Matica sanitation program.”
About Matica Enterprises Inc.
Matica is exploring opportunities in the medical marijuana and industrial hemp industries and has an agreement to earn a fifty percent interest in THC Dispensaries, Inc (“THCD”), a Nova Scotia applicant under the Marijuana for Medical Purposes Regulation (“MMPR”).
THC Dispensaries has received a “right to build” letter from Health Canada and is awaiting the pre-licence inspection to become a Licenced Producer under MMPR. The license allows the company to supply dried marijuana, seeds and organic soil to dispensaries throughout North America and Europe. THCD plans to launch its operation with a 6,000 square foot facility in Antigonish, Nova Scotia. An additional 10,000 square footage can be added to maximize the production allowance in this facility to the allotted volume of 806,250 grams per year. The entire operation sits on 35 acres of land in Antigonish. For more information on Matica Enterprises please visit the website at: www.westislandbrands.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
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.