RMMI Corp. Announces Supply Agreement With Namaste Technologies Inc.
2018年9月26日 - 9:30PM
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SECURITIES LAWS.
RMMI Corp. (“
RMMI” or the
“
Company”) (
CSE:RMMI) is pleased
to announce that the Company’s wholly-owned subsidiary, Rocky
Mountain Marijuana Inc. (“
Rocky Mountain”), has
signed a medical cannabis supply agreement (the
“
Agreement”) with Namaste Technologies Inc.’s
(“
Namaste”) (
TSXV: N)
(
FRANKFURT: M5BQ) (
OTCMKTS:
NXTTF) wholly-owned subsidiary Cannmart Inc.
(“
Cannmart”), whereby Cannmart will purchase
medical cannabis from Rocky Mountain to offer in its online
medical-cannabis marketplace. The medical cannabis supply
agreement contains standard rights and obligations by each of
Cannmart and Rocky Mountain including termination rights by either
party.
“We are extremely pleased to have been chosen as
a supplier to Cannmart. RMMI’s goal of supplying the highest
organic-quality cannabis products by “Blending Science with Nature”
and using aeroponics cultivation systems, complements Namaste’s
approach to employing advanced technology to best serve its
rapidly-growing customer base,” said Earl Connors, President and
CEO of RMMI. “RMMI looks forward to exceeding Cannmart’s
expectations and expanding its relationship with Namaste.”
About RMMI Corp.
RMMI is an Alberta-based company focused on the
production, cultivation and sale of medical marijuana in various
forms. RMMI, through its wholly-owned subsidiary, Rocky Mountain is
a late stage applicant under the Access to Cannabis for Medical
Purposes Regulations (Canada) and is in the process of obtaining
the requisite license to commence cannabis production and
operations. Rocky Mountain blends science with nature using
aeroponic cultivation and CO2 extraction. Rocky Mountain intends to
produce high-purity, organic-quality cannabis oils. Its team will
employ leading, commercially-available science and technology to
maximize production yields and product quality as a low-cost
producer, while reducing risk to its crops and its business.
For more information please visit
www.rmmi.ca.
Forward Looking Statements
Certain statements contained in this news
release constitute “forward-looking statements” or
“forward-looking information” within the meaning of the applicable
securities legislation (collectively, “forward-looking
statements”). These statements relate to management’s
expectations about future events, results of operations and RMMI’s
future performance (both operational and financial) and business
prospects. All statements other than statements of historical fact
are forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those
anticipated in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not
be unduly relied upon. Unless otherwise indicated, these statements
speak only as of the date of this news release. In particular, this
news release contains forward-looking statements pertaining to the
potential sale of Rocky Mountain medical cannabis products in
Cannmart’s online marketplace.
Forward-looking statements are based on certain
assumptions and analyses made by RMMI in light of the experience
and perception of historical trends, current conditions and
expected future developments and other factors it believes are
appropriate and are subject to risks and uncertainties. In making
the forward looking statements, RMMI has made various material
assumptions, including but not limited to, receipt of applicable
regulatory licences from Health Canada, material assumptions
relating to general business and economic conditions and RMMI’s
ability to successfully execute its business plans strategy.
Although RMMI believes that the assumptions underlying these
statements are reasonable, they may prove to be incorrect, and RMMI
cannot assure that actual results will be consistent with the
forward-looking statements included in this news release. Given
these risks, uncertainties and assumptions, readers should not
place undue reliance on the forward-looking statements in this news
release and should review the various risk factors set forth in
RMMI’s amended and restated prospectus dated June 26, 2018.
The forward-looking statements included in this
news release are expressly qualified by this cautionary statement
and, except as otherwise indicated, are made as of the date of this
news release. RMMI does not undertake any obligation to publicly
update or revise any forward-looking statements or departures from
them except as required by applicable securities laws. All of the
forward-looking statements contained in this news release are
expressly qualified by the foregoing cautionary statements.
Contact Information:
Earl Connors, President and Chief Executive Officer ir@rmmi.ca
403-984-6446
Namaste Technologies (TSXV:N)
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