|By Marketwired .||
|May 21, 2014 02:07 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/21/14 -- Peace Naturals Project Inc. is pleased to announce the closing of a brokered private placement financing.
"We increased the size of our offering to accommodate an overwhelming amount of interest and the proceeds will be used to accelerate the growth of our production facilities in Clearview Township. M Partners brought together an impressive list of leading Canadian and US institutions to our investor base and we thank them for their efforts," said Peace Naturals CEO and founder Mark Gobuty.
"We are on a mission to set new standards for viable, credible medical Cannabis production and distribution and with the completion of this financing we have the capital in place to do so," said Mr. Gobuty. It is an extremely exciting time for the medical Cannabis industry and I couldn't be prouder of the work being done by our high performance team of highly skilled professionals. Together our team has helped to set standards in client outreach, education and care and collectively have reached new heights in shepherding ideologies for what a medicinal Cannabis client experience should and does consist of."
About Peace Naturals Project Inc.
The Peace Naturals Project is a federally licensed and regulated Canadian medical Cannabis producer and distributor based in Ontario. The company cultivates strains of Cannabis that can be used for medicinal purposes, employing proven, proprietary plant varieties and offering a range of organic medical Cannabis solutions.
The Peace Naturals Project, which has extensive experience in natural health food production and agronomy, is one of the first new commercial producers granted a license by Heath Canada to produce and distribute medical Cannabis in Canada. Its transformative patient-centric model is based on a strong understanding of the growing medical Cannabis industry, a holistic approach to living well and the principles of integrity, transparency, security, compliance, and social environmental sustainability. With a strong commitment to responsible business practices and complete and thorough transparency of all aspects of operation, from production to Client Care and distribution, The Peace Naturals Project proudly has the support of local authorities, along with local and surrounding municipal leaders and holds quarterly town hall presentations to inform their community of current achievements as well as plans for future growth and community involvement.
The Peace Naturals Project is a privately held, wholly owned Canadian company focused on becoming the global Agri-Health leader in the development of effective and safe medical Cannabis solutions.
About M Partners Inc.
M Partners Inc. is an independent full service investment bank based in Toronto. Its first priority is to deliver a high level of service and insightful research to our institutional and retail clients. M Partners is a leading provider of corporate finance and advisory services to the Canadian medical marihuana sector.
M Partners is a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF) and a Participating Organization of the Toronto Stock Exchange (TSX) and the TSX Venture Stock Exchange (TSXV).
Notice regarding Forward Looking Statements
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company.
Peace Naturals Project Inc.
1(888) 64-PEACE (73223)
M Partners Inc.