Compass Announces Opening of Clinic in Sydney, Australia. Becomes Internationally-Operating Medicinal Clinic, Expands Service Offerings.

Kelowna, British Columbia, CANADA


KELOWNA, British Columbia and SYDNEY, Australia, April 18, 2019 (GLOBE NEWSWIRE) -- Compass Cannabis Clinics (“Compass”), one of Canada’s fastest growing medicinal cannabis service providers, is pleased to announce the expansion of its services with the opening of Compass Lifestyle Clinic (“The Clinic”) in Sydney, Australia. With the opening of Compass Lifestyle Clinics, Compass becomes one of the first internationally-operating medical cannabis clinics.

“Opening a clinic in Australia is exciting on several levels,” says Dave Martyn, President and Co-Founder of Compass. “We know that patients in Australia are currently underserved, simply because many doctors aren’t knowledgeable about prescribing cannabis. Despite just opening our doors, we have a 2-month waitlist of patients. We’re excited to address that need by relying on our medical cannabis experience in Canada. At the same time, establishing roots in Australia will allow us to look at other countries in the surrounding area that are exploring new cannabis regulations.”

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2294d1ff-2f91-445e-b520-10ca53432ec1

In addition to offering cannabis consultation services, the clinic will also have a chiropractor, nutritionist, and acupuncturist on staff as they aim to integrate cannabis into a holistic wellness approach. The clinic will not only serve patients but also offer training and support for medical professionals looking to prescribe cannabis to their patients. Both the day-to-day clinic operations and doctor education program will be overseen by Dr. Teresa Towpik, Chief Medical Office of Compass.

“I was once skeptical of cannabis myself, but have come to learn that this plant has many beneficial properties,” says Dr. Teresa Towpik, Chief Medical Officer. “It is my hope that by incorporating cannabis services into a holistic medicine approach we are able to reduce some of the fear and stigma that is typically associated with cannabis, for both patients and medical professionals.”

With the opening of Compass Lifestyle Clinics, Compass becomes one of the first internationally-operating medical cannabis clinics. Those interested in learning more about Compass can visit http://compassclinics.com.au/.

About Compass

Compass Cannabis Clinic is a medical cannabis service provider whose core business is focused on providing educational and consultative services to those looking for access to medicinal cannabis. Rather than being tied to a single Licensed Producer, Compass works with a number of growers to ensure the right product for the patient. With several clinics operating in Canada and over 13,000 patients served, Compass has now expanded into Australia with its first clinic in Sydney. Compass also operates recreationally in Canada as Starbuds Canada. With a rapidly growing patient base and an aggressive real estate acquisition strategy, the company is poised to be one of the largest retail cannabis organizations.

For further information contact

Daniel Winer
Marketing Director
daniel.winer@compasscannabis.ca

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes. Management of the Company believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Company, including data from publicly available governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of the retail cannabis industry which the Company believes to be reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. While the Company is not aware of any misstatement regarding any industry or government data presented herein, the retail cannabis industry involves risks and uncertainties and is subject to change based on various factors.

Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.

Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

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