TORONTO, Aug. 20, 2019 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”), a global leader in specialized, research-driven cannabis extraction, distillation, purification and cannabinoid isolation, is pleased to announce that it has appointed renowned patient care and medical cannabis researcher, Dr. Carolina Landolt-Marticorena, MD, PhD, Structural Biochemistry, to its Science Advisory Committee (the “SAC”). Dr. Landolt-Marticorena also serves on the Cannabis Medical Advisory Board of Shoppers Drugmart.
“Dr. Landolt-Marticorena is an excellent addition who will further connect MediPharm Labs to the latest areas of cannabis research and help our organization to reach its potential as an active pharmaceutical ingredient provider and trusted manufacturer of advanced cannabinoid-based medicines,” said Patrick McCutcheon, Chief Executive Officer, MediPharm Labs.
“I believe strongly in the future of pharmaceutical-grade cannabinoid therapeutics and am excited to be joining MediPharm Labs’ Science Advisory Committee at this pivotal moment in the rapidly evolving cannabis industry,” said Dr. Carolina Landolt-Marticorena. “The success of developing these therapies will rely heavily on companies like MediPharm Labs to successfully purify individual cannabinoids so that we may study their effects in isolation and combinations to formulate precise cannabinoid treatments for a given diagnosis.”
“My principal focus is the development of novel cannabinoid therapeutic products by integrating basic scientific findings and clinical observations. MediPharm Labs’ commitment to supporting cannabis researchers is the ideal environment in which to pursue these objectives.”
Dr. Landolt-Marticorena Biography
Dr. Landolt-Marticorena is trained in internal medicine and rheumatology with a sub-specialization in the management of complex autoimmune disorders. Dr. Landolt-Marticorena completed a Research Fellowship and Chief Residency at the University of Toronto, and as a clinician-scientist, authoring multiple highly cited publications. She has held appointments at numerous Academic Institutions and Research Hospitals, garnering national and international awards at every stage of her career.
In 2015 Dr. Landolt-Marticorena turned her focus to the emerging field of cannabinoid medicine establishing the first specialty-run clinic in Canada. Her practice focuses on the use of cannabinoids in the management of chronic pain conditions including degenerative and inflammatory arthritis, musculoskeletal and neuropathic pain and fibromyalgia. She has developed a unique expertise in this emerging area of medicine and is a sought-after academic speaker and public media expert. She is committed to developing accredited training programs for physicians and allied health care personnel, including for the University of Toronto Mitchener Institute, while also practicing Internal Medicine at Thunder Bay Regional Hospital.
About MediPharm Labs’ Science Advisory Committee
The SAC collaborates with MediPharm Labs’ management team on advancements in the emerging fields of cannabinoid extraction and cannabinoid-based derivative science. This work will serve to further enhance the Company’s manufacturing platform and research practices, assist management in evaluating commercial opportunities related to technologies, testing and methodologies and provide guidance on partnerships with globally preeminent academic and medical institutions for cannabis research.
The SAC’s mandate is to advise and assist MediPharm Labs in harnessing the potential of cannabis through innovation, best practices, thought leadership and strategic alliances in support of MediPharm Labs’ vision of being the Trusted Global Leader in Industrial-Scale Manufacturing of High-Quality, Cannabinoid-Based Derivatives.
For more information:
Laura Lepore, VP, Investor Relations
Telephone: 705-719-7425 ext 216
Email: investors@medipharmlabs.com
Website: www.medipharmlabs.com
About MediPharm Labs Corp.
Founded in 2015, MediPharm Labs specializes in the production of purified, pharmaceutical-like cannabis oil and concentrates and advanced derivative products utilizing a Good Manufacturing Practices designed facility and ISO standard built clean rooms. MediPharm Labs has invested in an expert, research driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities with five primary extraction lines having 300,000 kg of annual processing capacity to deliver pure, safe and precisely-dosed cannabis products for its customers. Through its wholesale, white label and tolling platforms, they formulate, process, package and distribute cannabis extracts and advanced cannabinoid-based products to domestic and international markets. As a global leader, the Company also completed its first commercial export to Australia in June 2019 and is nearing completion of its Australian extraction facility expected in 2019 with 75,000 kg of annual processing capacity.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, completion of MediPharm Labs Australia’s facility and timing thereof, expected processing capacity of the Australian facility and production of active pharmaceutical ingredients and cannabinoid-based medicines. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inability of MediPharm Labs to obtain adequate financing; the delay or failure to receive regulatory approvals; and other factors discussed in MediPharm Labs’ filings, available on the SEDAR website at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, MediPharm Labs assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.