Abattis Bioceuticals Acquires Distribution Rights to Cultivation Products
February 19th, 2014
News, Top Story
Abattis Bioceuticals Corp. (OTC Pink: ATTBF) (CSE: FLU), 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, has made tremendous progress in bringing its vertical cultivation, extraction, and strategic support products & services to market.
This week, the company announced that it acquired exclusive worldwide distribution rights to Jiangsu Jiahui New Material Co. Ltd.’s innovative magnesium oxide products for use in any building or facility designed to cultivate botanicals. The construction products are made from MgO fiberglass with infill materials of sawdust, fly ash and slag, and proprietary compounds in order to be structurally sound, and highly resistant to fire, moisture, bugs, mold and microbes.
Read the full press release discussing the new agreement here:
Abattis Bioceuticals Corp. (the “Company” or “Abattis”) (OTC PINK: ATTBF) (CSE:FLU), through its wholly owned subsidiary, Biocube Green Grow Systems Corp. announces the company has acquired the Exclusive World Wide Distribution Rights to Jiangsu Jiahui New Material Co Ltd’s. innovative MgO (Magnesium Oxide) products for use in any building or facility designed to cultivate botanicals.
MgO construction products are made from MgCl2, MgO, fiberglass with infill materials of sawdust, fly ash and slag and proprietary compounds. MgO construction products are structural, highly resistant to fire, moisture, bugs, mold and microbes and are resilient to environmental-aging. Compared to other traditional construction material it is longer-usage life, and can be recycled as a green product. From years of researching and development of the product, the IP and products are protected with 10-patented, and 1 product is protected by a USPTO Patent.
The MgO products come in boards and can be used for flooring, exterior walls, interior walls, floor sheathing, available for use in SIPs, ceiling and even cabinetry. They also are used for exterior and interior walls. The outer layers of the SIP are typically comprised of 10-15 mm thick boards. MgO infill is injected in the special region between the boards of every Sandwich Panel. These are made in the factory in China using proprietary ingredients that ensure consistent bonding strength from board to board. Class A for Fire Rating and are extremely strong and durable.
“We are excited to have the exclusive rights to this innovative product that offers unique performance features that are well suited for our Controlled Cultivation Environment design. The products are energy efficient and when assembled, deliver a superior Controlled Cultivation EnvironmentTM “CCE” that increase yields for medicinal plants and food while eliminating destructive pests that kill crops and profit,” said Mr. Michael Withrow, Abattis’ chief executive officer. He went on to say, “The CCE is a key component that compliments our Vertical Growing systems. We continue to acquire the necessary pieces to ensure that Abattis through its wholly owned subsidiaries, can deliver low cost, efficacious, safe solutions that work.”
Under the terms of the agreement Abattis has paid 100,000 shares as consideration for the exclusive rights to distribute the products for use in Greenhouse and Growing facilities. The term of the exclusivity is 5 years. There is a finder’s fee of 10,000 shares payable for the transaction.
ON BEHALF OF THE BOARD
Michael Withrow, President & CEO
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 atwww.abattis.com.
For further information, contact the Company’s CEO, Michael Withrow at (778) 896-6536 or at [email protected]
About Jiangsu Jiahui New Material Co Ltd.
Jiangsu Jiahui New Materials Co. Ltd. is a leading Global Manufacturer of MgO based products located in Nanjing, China. The company specializes in manufacturing MgO Panels for walls, siding, and sandwich panels (SIPs). From years of researching and development of magesia-based products the company is recognized by Jiangsu technology organization as a High-Tech production company.
For more information, visit the Company’s website at http://www.jiahuimgo.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 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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