VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2015) - THC BioMed Intl Ltd. ("THC") (CSE:THC)(OTC PINK:THCBF)(FRANKFURT:TFHC) is pleased to announce it has appointed Don Shaxon to the Company's newly formed Advisory Board. Mr. Shaxon brings 20 years' experience in the capital markets including a successful position as Corporate Development Manager with Cannabis Science Inc., where he was instrumental in helping build the company from a small cap company into an industry leader with a market cap that topped $100 million.
The Company has granted 500,000 incentive stock options to Mr. Shaxon, 250,000 at a price of $0.10 per share and 250,000 at a price of $0.15 per share with an exercise period of two years. The options vest over the course of one year, with 25% vesting on the date of grant and 25% every 4 months following the date of grant.
THC's vision is to be on the leading edge of scientific research and development of products and services related to the medical cannabis industry while creating a standard of excellence. As the industry develops, it will become more important to focus on scientific research and development of products and services related to medical cannabis. Management believes THC is well-positioned to be in the forefront of this rapidly growing industry.
Please visit our website for a more detailed description of our business and services available. www.thcbiomed.com
This press release contains certain "forward-looking information" within the meaning of applicable securities law. The forward-looking statements include that (i) Mr. Reynolds will be instrumental in helping the Company achieve its goal of global growth and (ii) As the industry develops, it will become more important to focus on scientific research and development of products and services related to medical cannabis. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. These statements are based on expectations and assumptions made by the management of THC at the date the information is provided, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing THC and its business and affairs, readers should refer to THC's Listing Statement, Financial Statements and its Management's Discussion and Analysis on www.sedar.com.