Tuesday, August 22, 2017

Maricann Group (CSE:MARI) (CSE:MARI.CN) (CNSX:MARI) Announces Acquisition of NanoLeaf Technologies Inc., Appoints New President and Chief Operating Officer

Maricann Group (CSE:MARI) (CSE:MARI.CN) (CNSX:MARI) Announces Acquisition of NanoLeaf Technologies Inc., Appoints New President and Chief Operating Officer

TORONTO, ONTARIO - August 22, 2017 (Investorideas.com Newswire) Maricann Group Inc. (CSE:MARI) (CSE:MARI.CN) (CNSX:MARI) ("Maricann" or the "Company") announced today that it has entered into an agreement ("Acquisition Agreement") to acquire 100% of the issued and outstanding shares of NanoLeaf Technologies Inc. ("NanoLeaf"), a biotech company possessing licensing rights to a number of globally patented technologies that provide proven pharmaceutical, nutraceutical, cosmetic and functional beverage drug delivery formulations. The transaction is expected to be completed by the end of September 2017.

NanoLeaf, through its licensing agreement with Vesifact, has developed and marketed the first cannabinoid standardized dose soft gel capsule in a nano-dispersed drug called Vesisorb. The challenge the cannabis industry has faced is finding a predictable delivery mechanism of cannabinoids in an oral dosing format. Cannabinoids are a fat-soluble compound that have low solubility, leading to low dissolution rates and significant first-pass liver metabolism resulting in low and unpredictable oral cannabinoid bioavailability. This poor solubility not only gives low oral bio-availability but also leads to high inter- and intra-subject variability and lack of dose proportionality.

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