Inspiration Provides Update on Negotiations with Compassion Cannabis
TORONTO, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Inspiration Mining Corp. ("Inspiration" or the "Corporation") (OTC PINK:IRMGF) (CSE:ISM) is pleased to provide an update with respect to its continuing discussions with Compassion Cannabis Corp. ("Compassion Cannabis"). Pursuant to its press release dated January 11, 2018, the Corporation announced that it had commenced negotiations with Compassion Cannabis whereby the Corporation and Compassion Cannabis will enter into some form of a business relationship which will initiate Compassion Cannabis' exposure to the Canadian public markets.
The Corporation and Compassion Cannabis are continuing their discussions as to which business arrangement would best suit the interests of all parties, and both Cannabis Compassion and Inspiration are very optimistic on a positive outcome. In the interim, the parties have contemplated to establish a wholly owned subsidiary of Compassion Cannabis in Western Europe with the Netherlands being the leading choice. The establishment of the subsidiary will advance the business of the company.
About Compassion Cannabis
Compassion Cannabis has the expertise to capitalize on the various facets of the going marijuana market, including the "Vape" market and dispensary centers for the industry. The Corporation is of the opinion that the "Vape" market and dispensary centers represent an opportunity to capitalize on the growing medical cannabis industry.
Inspiration will continue to provide shareholders with updates on the status of its discussions with Compassion Cannabis. The company has every intention to fulfil its due diligence and bring this understanding to a reality for the benefit of all inflicted with conditions that are not readily available through main street medicine.
For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at tel: 416-842-9000, www.inspirationmining.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Inspiration Mining Corp. via Globenewswire