Fortify Resources (CSE: $FTY.C) to Evaluate #MedicalMarijuana Opportunities
VANCOUVER, BRITISH COLUMBIA - May 17, 2017 (Investorideas.com Newswire) Fortify Resources Inc. (CSE:FTY) ("Fortify" or the "Company") announces that it is currently exploring potential business opportunities in the Canadian Medical Marijuana field.
The emergence of the Access to Cannabis for Medical Purposes Regulations (the "ACMPR") has setup the regulatory framework for commercialization of the medical marijuana industry. Fortify Resources is currently reviewing several business opportunities with a goal to obtain a granted "Licensed Producer" status under the new ACMPR.
The new ACMPR license will allow for producers to grow on a larger, commercial scale. Heath Canada states, "The ACMPR came into force on August 24, 2016. These regulations replace the Marihuana for Medical Purposes Regulations (MMPR) as of August 24, 2016, and are being implemented as a result of the Federal Court ruling in the case of Allard v. Canada. The ACMPR allow for reasonable access to cannabis for medical purposes for Canadians who have been authorized to use cannabis for medical purposes by their health care practitioner." http://www.hc-sc.gc.ca/dhp-mps/marihuana/about-apropos-eng.php
R. Nick Horsley states "Having been involved with a several Medical Marijuana and hemp related companies, I feel very confident we can identify a meaningful opportunity for our shareholders."
There can be no assurance that the Company will enter into a business transaction in the Medical Marijuana field.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
Forward Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the Medical Marijuana industry, other statements relating to the financial and business prospects of the Company, and other matters. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future.
While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements. There can be no assurance that the Company will enter into a business transaction in the Medical Marijuana field. Accordingly actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
Fortify Resources Inc.
R. Nick Horsley
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