Abattis Bioceuticals Provides Update on Private Placement & Partnerships
March 19th, 2014
News, Top Story
Abattis Bioceuticals Corp. (OTC: ATTBF) (CSE: ATT), a specialty biotechnology company with capabilities through its wholly owned subsidiaries of cultivating, licensing and marketing proprietary ingredients, bio-similar compounds, patented equipment and consulting services to medicinal markets in North America, announced a number of corporate updates this week.
Management reported that it’s nearing the completion of the private placement announced on March 6, 2014 and has received a number of proposals for strategic alliances and partnerships. At the same time, the company that one of these proposals resulted in a relationship with the principles of Phytalab (www.phytalab.com) which should help the company in many ways.
Read the full press release discussing these agreements here:
Abattis Bioceuticals Corp. (the “Company”or “Abattis”) (OTC PINK: ATTBF) (CSE: ATT), wishes to provide a corporate update to inform shareholders of managements activities and focus.
We report that we are near completion of the private placement announced March 6th. Since the notice of financing the company has received many enquiries and proposals for strategic alliances and partnerships. These enquiries are being reviewed and assessed for quality and synergistic features that can add value for shareholders and that fit the mid to long term objectives of the company.
One example of these enquiries resulted in the newly formed relationship with the principles of Phytalab (www.phytalab.com) of Kenmore, Washington. Which was announced March 6th. This made very good sense on many levels and it secured an international business that expands on our scientific vision. The partnership also serves as a method to minimize customer acquisition costs for our ancillary businesses which are also synergistic with each other.
“We are pleased with the recognition we are receiving in the markets and with the feedback we are getting from the companies approaching us wanting to be part of our model. We will continue to add value for our shareholders.” stated Mike Withrow.
About Abattis Bioceuticals Corp.
Abattis is a specialty biotechnology company with capabilities through its wholly owned subsidiaries of cultivating, licensing and marketing proprietary ingredients, bio-similar compounds, patented equipment and consulting services to medicinal markets in North America. The company is positioned to capitalize on the fast growing trend toward marijuana legalization in the United States and for medicinal use in Canada and international jurisdictions by supplying and partnering with companies to employ its vertical cultivation systems, extraction equipment/technology, and strategic marketing support to licensed growers. The company also has an extensive pipeline of high-quality products and Intellectual Property for the rapidly expanding botanical drug market. We follow strict Standard Operating Protocols and adhere to the Law’s of Canada and Foreign Jurisdictions. For more information, visit the Company’s website at www.abattis.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” 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 press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks various risk factors discussed in the Company’s Management’s Discussion and Analysis for the nine months ended June 30, 2013 and filed on August 29, 2013 and for the year ended September 30, 2012 and filed on January 28, 2013 under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.
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