Axe Announces its Intention to Evaluate New Bus. Opportunities & Eventually Redirect its Bus. to the Medical Marijuana or Ind...
2014年4月9日 - 11:44PM
Marketwired
Axe Announces its Intention to Evaluate New Business Opportunities
and Eventually Redirect its Business to the Medical Marijuana or
Industrial Hemp Industries
LAVAL, CANADA--(Marketwired - Apr 9, 2014) - Axe Exploration
Inc. (TSX-VENTURE:AXQ) (the "Corporation" or "Axe") announces its
intention to evaluate new business opportunities and eventually
redirect its business to the medical marijuana or industrial hemp
industries. This approach is part of the ongoing efforts of the
Corporation to increase shareholder value. Axe considers that it
currently now an obligation towards its shareholders to explore all
possible avenues in order to make the best possible use of its
status as a public vehicle, including any possible business
opportunities in the new sector of medical marijuana that could be
presented to it. Axe currently has over CDN $2,000,000 in cash,
allowing it greater flexibility and ability than peers to be a
leader in the current market. In addition, these emerging
industries are in the process of significant regulatory and legal
reform that offers compelling growth opportunities.
Although no decision has been taken, Axe would like to
consolidate fragmented growers and work with dispensaries to obtain
a license under the new Marijuana for Medical Purposes Regulations
(MMPR). For example, Axe could plan to partner with and provide
financing to medical marijuana and industrial hemp companies, thus
providing Axe with an equity share in each business and/or royalty
on sales. Management believes that this could allow Axe to share in
the growth and cash flow from these explosive industries. Axe could
also review opportunities in the United States where legislation
permits, and will look to expand operations throughout North
America with the forward looking concept that more American States
may adopt this new pro Marijuana legislation. The United States is
undergoing Medical Marijuana reform - with 20 states now
recognizing legal Medical Marijuana, including Colorado and
Washington State that have legalized recreational use, with
additional states contemplating legalization.
With marijuana now legal in Colorado and Washington, and tourism
booming, several investors and financial pundits are wondering how
fast the marijuana industry will grow and if it could become
national. The ArcView Group, a San Francisco-based investing and
market research firm, estimates the national legal market
(including recreational and medical marijuana) at $1.53 billion in
2013 and expects it to grow to $2.57 billion by the end of 2014,
with marijuana sales in Washington and Colorado pulling in $316
million and $802 million, respectively. ArcView says the national
market could reach $10.2 billion in five years. (http://money.usnews.com/money/personal-finance/mutual-funds/articles/2014/03/14/the-economy-of-pot)
Upcoming changes in Medical Marijuana licencing will allow for
licensed producers to grow on a larger, commercial scale. Health
Canada states: "The Marijuana Medical Access Program (MMAP) has
ended on March 31, 2014. This is also the date that all
Authorizations to Possess, Personal-Use Production Licenses and
Designated-Person Production Licenses expire. As of April 1, 2014,
the only legal access to marijuana for medical purposes is through
licensed producers under the Marijuana for Medical Purposes
Regulations (MMPR), even if you have an authorization to possess or
license to produce that has a later date." (http://www.hc-sc.gc.ca/dhp-mps/marihuana/index-eng.php)
The Industrial Hemp industry is also currently undergoing
significant reform. "Hemp is a renewable, reusable and recyclable
resource. As with many new crops, there has been considerable
fluctuation of production acreage. In 2003, over 2,700 hectares
(6,700 acres) were grown across Canada, mostly concentrated on the
Prairies; by 2013, 66,671 acres have been licensed for cultivation.
Hemp has been grown with success from coast-to-coast."
(www.hemptrade.ca)
Mr. David Mc Donald, President and CEO, notes that the medical
marijuana and industrial hemp industries have become one of, if not
the most explosive growth industries in existence today. "We are
currently in the process of evaluating our company in order to
eventually benefit from this tremendous growth potential. Given
that the Corporation has no experience in these areas, Management
is focused on attracting some of the industry's top expertise".
IN THE EVENT WHERE AXE IDENTIFIES SOME OPPORTUNITIES OR THE
ESTABLISHMENT OF BUSINESS RELATIONSHIPS IN THE FIELD OF MEDICAL
MARIJUANA, ANY TRANSACTION WOULD BE SUBJECT TO THE POLICIES AND
PRIOR APPROVAL OF THE TSX-VENTURE EXCHANGE.
THE CORPORATION HAS NO EXPERIENCE IN THIS FIELD AND NO ASSURANCE
CAN BE GIVEN TO THE EFFECT THAT THE COMPANY WILL INTEGRATE THE
FIELDS OF MEDICAL MARIJUANA OR INDUSTRIAL HEMP.
CURRENTLY, NO TRANSACTION IS IN PLACE AND THERE IS NO CERTAINTY
THAT A NEW PROJECT WILL BE CONCLUDED IN THE FUTURE.
ABOUT AXE EXPLORATION
INC.
Axe is a mining exploration company listed on the TSX Venture
Exchange under the symbol AXQ. Axe intends to evaluate all the
opportunities that offer the medical marijuana industry within
North America.
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.
For more information, visit the company's website at
www.axeexploration.com or SEDAR's website at
www.sedar.com.
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The
use of any of the words "intention", "may", "evaluate" and similar
expressions are intended to identify forward-looking statements.
Although the Company believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will
prove to be correct. Since forward-looking statements address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. These statements speak only as of
the date of this News Release. Actual results could differ
materially from those currently anticipated due to a number of
factors and risks.
Contact and InformationDavid Mc DonaldPresident and
CEO450.622.5785info@axeexploration.comwww.axeexploration.comInvestor
RelationsPatrick Wood(416)
473-9133pat.wood@tormontgroup.comwww.tormontgroup.com
AXE Exploration Inc. (TSXV:AXQ)
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AXE Exploration Inc. (TSXV:AXQ)
過去 株価チャート
から 6 2023 まで 6 2024