SEATTLE, WA, March 29, 2018 (GLOBE NEWSWIRE) -- Cannabis Leaf, Inc., a developer of cutting-edge medical products, nutraceuticals, formulation and delivery technologies for the healthcare and consumer care industry, announces today that on March 4, 2018, an Agreement for Plan of Merger was entered in by Cannabis Leaf, Inc. and Apotheca Biosciences, Inc., with the surviving Corporation to be Apotheca Biosciences.
Apotheca Biosciences and Cannabis Leaf entered into the Merger Agreement where Cannabis Leaf agreed to deliver to Apotheca Biosciences a certain issuance of sixty million (60,000,000) common shares of Cannabis Leaf, Inc. (the “Exchange Shares”), in exchange for all shares of Apotheca Biosciences being acquired into Cannabis Leaf, which would result in a change in control of Cannabis Leaf with such issuance. The issuance will result in Apotheca Biosciences being the surviving company under the laws of the State of Nevada. Under the Agreement, upon closing, Apotheca Biosciences will receive the immediate right to appointment of the directors and officers of the surviving company by the resignation of the existing director and officer of Cannabis Leaf, with the simultaneous appointment of two directors and officers being appointed by Apotheca. The issuance of the 60,000,000 common shares of Cannabis Leaf will represent the controlling interest of Cannabis Leaf, Inc. after such merger occurs.
Additionally, the Parties have agreed to change the name of Cannabis Leaf, Inc. to Apotheca Biosciences, Inc. under Nevada law.
Apotheca Biosciences is developing cutting-edge medical products, nutraceuticals, formulation and delivery technologies for the healthcare and consumer care industry. Their pipeline of products includes, transdermal, sublingual, and nasal delivery technologies for precise and controlled dosing of cannabinoids.
Apotheca Biosciences is a pioneering biotech company with an emphasis on research and development in addition to the creation of high-grade nutraceuticals and cosmetics. Apothecia’s’ goal is to lay the groundwork and continue research of cannabinoid receptiveness in patients and create nutraceuticals that reflects their research.
More information on Apotheca Biosciences can be found at: http://www.apothecabiosciences.com/
The Parties project the formal closing for the transaction to occur by end of March 2018, with issuance of the control block of shares, change of directors and officers, and resolution for the name change as required under Nevada law. The Company will file a combined audited financial statement under SEC guidelines.
About Apotheca Biosciences
Apotheca Biosciences is a developer of cutting-edge medical products, nutraceuticals, formulation and delivery technologies for the healthcare and consumer care industry. Our pipeline of products includes, transdermal, sublingual, and nasal delivery technologies for precise and controlled dosing of cannabinoids. We believe that we can deliver meaningful benefits using our technologies to the world’s aging population.
To request further information about Apotheca, please email us at email@example.com, log onto our website at http://www.apothecabiosciences.com/, or visit us on FB @apotheca and Twitter @apotheca
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Source:Cannabis Leaf, Inc.