Quarterly Activities Report
Perth, Jan 31, 2018 AEST (ABN Newswire) - MMJ PhytoTech Limited (
ASX:MMJ) ("MMJ" or "the Company") is pleased to provide its quarterly activities report for the period ended 31 December 2017.
Quarterly Overview:
MMJ Investment Portfolio
- MMJ initiates strategy to expand market position through further strategic investments within the global cannabis sector
- Strategic investments in eSense-Lab (ASX:ESE) and Canadian private businesses Weed Me and Dosecann solidifies MMJ's position in the rapidly evolving global cannabis sector
Harvest One Cannabis Inc. (MMJ holding 53,333,333 shares)
- Financing agreement entered into with Mackie Research Capital to undertake fully underwritten short form prospectus to raise up to C$35 million
- United Greeneries receives ACMPR amendment to sell dried marijuana to registered patients in Canada
- United Greeneries enters LOI for the lease of a property in British Columbia to accelerate and expand production
- United Greeneries announces outdoor growing strategy for premium cannabis flowers, enters into a binding purchase agreement for 398 acres of agricultural land in British Columbia
- Launch of retail sales to commence in February 2018 from United Greeneries online platform
- Satipharm obtains Free Sale Certificate from German regulators facilitating sale of CBD capsules into Australia
- Final regulatory approval granted, distribution of prescription Satipharm CBD capsules commences to approved patients in Australia
PhytoTech Therapeutics (MMJ 100%)
- Phase 1 Clinical Trial Results published in international, peer-reviewed publication Clinical Pharmacology in Drug Development
To view the full report, please visit:
http://abnnewswire.net/lnk/I139ZQ20
About MMJ Group Holdings Ltd
MMJ Group Holdings Ltd (ASX:MMJ) is a global cannabis investment company. MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ's latest investor presentation and news, please visit: https://www.mmjphytotech.com.au/investors/
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