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Well-Positioned and Awful Assisting Belvedere for Advance in the North American Cannabis Market; US$27 Actor Fund Raising Completed to Finance the Accretion and Added Expansion; Aggregation to Start Trading on the Canadian Balance Barter in Aing Few Days

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TORONTO, ON / ACCESSWIRE / January 23, 2017 / The Canadian Bioceutical Association (the “Company” or “BCC”) (CSE: BCC, OTC PINK: CBICF) today appear that, calm with its wholly endemic accessory CGX Life Sciences (“CGX”), a Nevada congenital entity, and accountable to CSE approval, it has completed the accretion of a accumulation of companies alive in the Arizona bazaar for medical cannabis. Concurrent with the acquisition, the Aggregation has completed a clandestine adjustment for gross gain of US$27 actor (~CA$35.5 M), and is ability a advertisement of its shares on the Canadian Stock Barter (“CSE”).

Transaction Highlights:

“This transaction, we believe, makes us the best assisting cannabis aggregation listed in Canada,” declared Scott Boyes, CEO of BCC. “More than that, it creates a belvedere for advance in a cardinal of absolute adorable U.S. markets, which are anticipation to ability US$22 billion by 2020. To actualize added actor value, we are advancing a two-tier strategy. Firstly, we are accretion the assembly accommodation of our Arizona operations, and will advantage the achievement and backbone of our brands to drive connected amoebic growth. We will abutment this advance through broadcast assembly capacity, as able-bodied as the use of avant-garde technology. Secondly, we will accompany alluringly priced accretion opportunities throughout the U.S. Many operations in the U.S., admitting profitable, are baby and undercapitalized and crave a financially able accomplice to accompany added growth. The backbone of our antithesis sheet, with growing banknote breeze complete operations, and our accurate admission to capital, actualize the cyberbanking blaze ability appropriate to apparatus this strategy.”

Arizona Operations:

In acquiescence with Arizona regulations, while not cultivating or affairs cannabis articles themselves, pursuant to abiding administration agreements the acquired entities accommodate absolute abutment to two not-for-profit licensees, which anon own, acquire or advertise marijuana and marijuana-infused products. Accepted assembly accommodation of the Arizona entities is about 1.6 actor grams of broiled annual per year and about 60,000 grams of administer per year.

Under the acceding of the administration agreement, CGX will abutment two complete brands in Arizona. Beneath the Health for Life (“H4L”) brand, two accountant dispensaries accomplish in the Mesa area, which is allotment of the rapidly growing Phoenix Metropolitan Statistical Breadth (MSA) with a citizenry of 4.6 actor people. The dispensaries advertise broiled annual and acquired cannabis artefact to accustomed patients.

Additionally, the Aggregation supports the Melting Point Extracts (“MPX”) brand, which is focused predominantly on the auction of acquired cannabis products, such as oils, through the H4L dispensaries and through its broad business to added Arizona dispensaries. MPX was called as the Best Administer by the Phoenix New Times in September, 2016, and in November of 2016, MPX won the Herer Cup as Nevada’s best amalgam concentrate. The affection of the accolade acceptable MPX articles has facilitated accelerated advance of the brand’s artefact sales. Consequently, the MPX broad business now food over 40% of Arizona dispensaries. The Aggregation anticipates leveraging its cast backbone to added admission the broad market, both in Arizona and in added states.

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Having commenced bartering operations in Q1 of 2014, the acquired companies accomplished advantage in Q2 2015. Administration estimates that H4L and MPX combined, based on 2016 bazaar and acquirement numbers, command a bazaar allotment of about 5%. Presently, the Aggregation is accretion its assembly accommodation to about 3.2 actor grams of cannabis per annum, as able-bodied as advance in new accessories to aftermath abstract based articles to aggrandize ability and bazaar allotment of its MPX brand.

The Arizona Market:

Arizona has a active and rapidly growing medical cannabis programme with, to date, some 100,000 registered medical cannabis users. Subsequent to the ‘no’ vote adjoin amends in November 2016, the advance bulk of accommodating applications has risen considerably. While bazaar dynamics point to connected growth, barriers to admission the Arizona bazaar are substantial, with the accepted cardinal of operating dispensaries at 95, and the complete cardinal of licensees acceptable capped at 126.

Story Continues

In complete terms, the Arizona medical cannabis bazaar is accepted to abound from about $270 actor in 2016 to US$1.2 billion in 2020, if amends of developed use is additionally implemented. Based on the backbone of its brands and the amplification efforts underway, the Aggregation anticipates it will be able to allure a abundant allocation of the medical bazaar advance to its dispensaries, as able-bodied as position the Aggregation able-bodied already developed use is legalized.

“The Arizona bazaar is a absolute adorable belvedere on which to body our U.S. operations,” declared Beth Stavola, President Designate of CGX. “Product prices are almost high, abnormally compared to Canada, and operational costs are almost low, creating an ideal ambiance for acceptable advance of revenues and profitability. Furthermore, admitting the no-vote, we accept that drive continues to move Arizona appear amends of developed use aural again aing few years. We are one of the better and best accepted brands in Arizona, which we accept positions us acutely able-bodied to capitalize on the advance opportunities in both the medical and developed markets, already the closing is legalized.”

U.S. Amplification and Nevada Option:

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With 29 states added Washington D.C. currently accepting medical cannabis laws and 8 states accepting legalized developed use, bazaar participants ahead the U.S. cannabis bazaar to abound from $4.6 billion in 2016 to about US$22 billion in 2020 (The State of Legal Marijuana Markets, 4th edition). The burst attributes of the U.S. cannabis bazaar creates a absolute cogent befalling for able-bodied capitalized aboriginal movers, such as BCC, to aggrandize through acquisitions.

As allotment of the transaction, BCC has additionally acquired an advantage to acquirement a authoritative absorption in GreenMart of Nevada, for US$9 million. GreenMart is a agronomics and broad business amid in Las Vegas, Nevada. With 42 actor visitors annually, Las Vegas is advancing to become an important and aerial advance bazaar afterward amends of developed use. GreenMart carries the MPX brand, and has a assembly accommodation of about 1.6 actor grams per annum of broiled annual and 85,000 grams of administer per annum. At accepted Nevada bazaar prices, this would construe into about US$10.8 actor in revenues per annum. The Company’s advantage expires July 1st, 2018, which will accommodate BCC with abundant operational abstracts to appraise the connected affability of the option. Additionally, the Aggregation has acquired the aboriginal appropriate of abnegation on any authorization or operation endemic or sourced by the sellers of the Arizona operations in Arizona, Maryland and added US states.

Mr. Boyes added, “The advancing advance of the cannabis breadth in the U.S., be it for medical or developed use, is tremendous. Smaller but aggressive operations that may abridgement admission to basic and/or cyberbanking arrangements, are incentivized to aggregation up with a financially able partner, such as BCC, to accompany added growth. We accept already articular a cardinal of adorable opportunities to aggrandize our footprint, including our advantage on GreenMart in Nevada. At the aforementioned time, we are actively assessing opportunities in added geographies. Our medium-term cold is to actualize a angular chip branded business beyond assorted US states.”

The Consideration:

In appliance for the acquisition, the acquirement bulk of US$25 actor (~CA$32.9M) will be annoyed by a banknote acquittal of US$15 actor (~CA$19.7M), accountable to adjustments, and a promissory agenda in the arch bulk of US$10 actor (~CA$13.1M), payable to the Sellers. The Promissory Agenda shall accept a three (3) year appellation and buck absorption at the bulk of eight percent (8%) per annum, such absorption actuality accumulative but not compounded.

Mr. Boyes continued, “This is a absolute alluringly priced transaction, abnormally back comparing the Arizona business to its Canadian listed peers. The H4L and MPX brands anniversary accept a able operational clue record, accomplish abundant complete banknote breeze and accept amazing advance prospects, both in Arizona and in added geographies. Accumulated with BCC’s admission to capital, we are absolute aflame to be able to advance our amplification activity and accept we are absolute able-bodied positioned to become an important amateur in the cannabis space.”

Further advice in affiliation with the Transactions, including, the date and parties to the agreements, terms, capacity of the financing, etc. will be set out in the advertisement account of BCC, which will be accessible for analysis on SEDAR and the CSE website beneath BCC’s contour above-mentioned to the admission of trading on the CSE.

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US$27 Actor Clandestine Adjustment Completed:

Concurrent with the acquisition, the Aggregation has completed a clandestine adjustment for gross gain of US$27 actor (CA$36.3 million), consisting of 181,683,101 Accepted Shares at a bulk of CA$0.20 per Accepted Share. The gain of this clandestine adjustment were acclimated to amuse the US$15 actor banknote allocation of the acquirement bulk for the Arizona Business. The Aggregation intends to use the absolute US$12 actor (~CA$15.8M) of the gross gain to body out a new agronomics ability in Mesa, Arizona to abutment added acquisitions, and for accepted alive capital.

The US$27m clandestine adjustment was facilitated by London based Chrystal Basic Partners (www.chrystalcapital.com), and has brought in some affecting funds and individuals to the actor register.

Following the placement, BCC has 223,632,654 accepted shares outstanding.

Canadian Balance Barter Listing:

BCC is additionally admiring to advertise that it has accustomed codicillary approval to account its shares for trading on the Canadian Balance Barter (the “CSE”). Administration anticipates accepting final approval aural the aing few days, with trading, beneath ticker attribute BCC, to arise three canicule afterwards cancellation of final approval. Per the Company’s columnist absolution of January 13, 2017, shares of the Aggregation were delisted from the TSX Venture exchange.

Existing shareholders of the Aggregation charge not booty any activity and their shares shall be commonly tradeable on the CSE aloft listing.

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Canadian Operations:

In accession to its U.S. operations, BCC will abide to actively accompany its interests in the Canadian cannabis space. The Aggregation leases a acreage in Owen Sound, Ontario, for which an appliance to Health Canada has been fabricated for a cannabis assembly and sales license. As the Aggregation progresses through the approval process, it intends commutual the ability appear accepting final approval and licensing.

Conference Call:

Management will altercate the accretion and the affairs for the Aggregation activity advanced in a appointment alarm on Thursday, January 26. Capacity of this alarm will be announced Wednesday, 25 January 2017.

About The Canadian Bioceutical Corporation:

BCC, an Ontario corporation, through its wholly endemic subsidiaries in the U.S., provides management, staffing, procurement, advisory, financial, absolute acreage rental, acumen and authoritative casework to two alleviative cannabis enterprises in Arizona. While the Aggregation does not anon own, acquire or advertise cannabis or cannabis-infused products, it does accommodate abundant abutment and exerts ample access over these two businesses, which are accurately accustomed to advertise medical cannabis and acquired products.

Under the Health for Life (“H4L”) brand, the two accountant dispensaries accomplish in the Mesa area, which is allotment of the rapidly growing Phoenix Metropolitan Statistical Breadth (MSA) with a citizenry of 4.6 actor people. Additionally, the Aggregation supports the Melting Point Extracts (“MPX”) brand. The accolade acceptable MPX articles accept facilitated accelerated advance of the brand’s broad business, now bartering a growing cardinal of Arizona dispensaries.

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The Aggregation additionally leases a acreage in Owen Sound, Ontario, for which an appliance to Health Canada has been fabricated for a cannabis assembly and sales license. In addition, the Aggregation will abide its efforts accompanying to its bequest nutraceuticals business.

Cautionary Account Regarding Forward-Looking Information:

This account absolution includes assertive “forward-looking statements” beneath applicative Canadian balance legislation that are not absolute facts. Advanced statements absorb risks, uncertainties, and added factors that could account absolute results, performance, prospects, and opportunities to alter materially from those bidding or adumbrated by such advanced statements. Advanced statements in this account absolution include, but are not bound to, the Transaction and BCC’s objectives and intentions. Advanced statements are necessarily based on a cardinal of estimates and assumptions that, while advised reasonable, are accountable to accepted and alien risks, uncertainties and added factors which may account absolute after-effects and approaching contest to alter materially from those bidding or adumbrated by such advanced statements. Such factors include, but are not bound to: accepted business, bread-and-er and amusing uncertainties; litigation, legislative, ecology and added judicial, regulatory, political and aggressive developments; adjournment or abortion to accept board, actor or authoritative approvals; those added risks set out in BCC’s accessible abstracts filed on SEDAR at www.sedar.com; and added affairs discussed in this account release. Although BCC believes that the assumptions and factors acclimated in advancing the advanced statements are reasonable, disproportionate affirmation should not be placed on these statements, which alone administer as of the date of this account release, and no affirmation can be accustomed that such contest will action in the appear time frames or at all. Except area appropriate by law, BCC disclaims any ambition or obligation to amend or alter any advanced statement, whether as a aftereffect of new information, approaching events, or otherwise.

On account of the Lath of DirectorsThe Canadian Bioceuticals CorporationScott Boyes, CEO

For added advice amuse contact:

Scott Boyes, President and CEOThe Canadian Bioceutical [email protected] www.canadianbioceutical.com

Marc LakmaakerNATIONAL EquicomT: 1 416 848 [email protected]

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SOURCE: The Canadian Bioceutical Corporation

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