Canaleaf Systems indications definitive agreement to purchase 50 percent of IHMML Medican Enterprises Inc. a bio-pharmaceutical business in the emerging global medical marijuana market is pleased to announce its wholly owned subsidiary Canaleaf Systems Inc. has signed a definitive buy agreement to obtain 50 % of International Herbal remedies Medical Marijuana Ltd instructions . . In a move made to signal the on-going advancement of the Company's cultivation operations and expand its sales activities, the acquisition gives Medican immediate usage of 400,000 sq. Ft. Of commercial cultivation space in Atholville, Ownership and NB of a direct distribution channel to this medical sector. The industry economics are very attractive and the medical marijuana sector is positioned for solid long-term development, said Kevin Coft, CEO of IHMML. We are thrilled to build our business with Medican Enterprises and strive to become the premier cultivator and distributor of pharmaceutical grade medical marijuana in Canada. Through the acquisition, Medican provides gained access to very skilled contractors working on the retrofit of a big scale Research, Distribution and Cultivation Center in Atholville New Brunswick, Canada. Furthermore IHMML has contracts to get an 300 approximately,000 sq. Ft. facility in Pokemoush, NB and a 25,000 sq. Ft. Facility in Delta, BC. In addition, Medican now has the capacity to extend distribution fulfillment and stations technologies across all corporate interests. These platforms allow Doctors to quickly and effectively prescribe medical marijuana to their patients, and enable them to safely purchase and receive pharmaceutical quality cannabis directly from the business. We are pleased to announce this purchase is now complete, stated Ken Williams, CEO of Medican Enterprises. With regards to strategic goals the two businesses are well aligned and our complimentary strengths offer significant opportunity to further create value for our investors. Jointly our combined offering provides a well financed study and cultivation facility, cutting-edge fulfillment systems and a primary distribution channel for our products. With the close of the acquisition, the IHMML team joins the Medican Enterprises management team and bring with them solid operational encounter and professional services skills to aid the Business's business goals.
Canadian Crimson Cross announces significant contribution to support relief efforts in Horn of Africa The Canadian Crimson Cross has committed $1 million to aid relief efforts in Kenya and Somalia. This cash will be used to aid the Kenya Crimson Cross Society and the Somali Red Crescent within their efforts to greatly help provide immediate life-conserving assistance and help people recover their livelihoods. like in Canada Just, there are regional volunteers quickly mobilizing across East Africa to support the needs of vulnerable communities. Getting together with the humanitarian requirements of a disaster of this magnitude requires a substantial and long-term response. Although these funds can make a tremendous difference in the full lives of affected communities, much more is needed to ensure a sustainable recovery still. To date, Crimson Cross initiatives include deploying 14 mobile health clinics that have given urgently required medical attention to almost 18,000 people, providing clean drinking water to almost half a million people and distributing over 300 tons of seeds to farmers who have lost crops. Between July 6 and September 16 The Government of Canada will match the donations of specific Canadians, 2011. Those money will go into a relief fund that is independent from the Canadian Crimson Cross and you will be administered by the Government of Canada. Money from the matching system shall support on-going humanitarian assistance in drought-affected elements of East Africa.