Business Wire - March 22, 2004
The Canadian government has approved a pilot project in British Columbia today allowing local pharmacies in British Columbia the opportunity to sell marijuana to those with prescriptions.
Officials are organizing a pilot project in British Columbia, modeled on a year old program in the Netherlands.
Canada would be the second country in the world after the Netherlands to allow the direct sale of medical marijuana in pharmacies.
A notice of the government-endorsed change will be distributed to drug store pharmacists this spring 2004.
Medical marijuana is prescribed as a viable medicinal therapy for a variety of extreme illness, including Multiple Sclerosis, Epilepsy, Arthritis, Glaucoma, Aids, Nausea - Chemotherapy, Anxiety, Stress, as well as for several other dysfunctions. The company is investigating - nano drug -medicinal marijuana - therapy - technology.
The company is in negotiations with well-known and trusted Hollywood Super Stars, who endorse and support medical marijuana. We require someone to educate "the people" with us. There is so much by way of misconception and myth surrounding marijuana; it needs a STAR to assist us in getting the message right. That message is a simple one - that marijuana is an excellent alternative therapy for those truly suffering and requiring medications. We are an agricultural pharmaceutical company on a mission to do good for others" Says Warren B. Eugene - President of Amigula Inc.
Amigula Inc. (www.Amigula.com) has recently completed the purchase of 51% of Medical Cannabis Inc. and has announced their plans to file as a reporting issuer. The company plans to list on a major exchange beginning with an application for a listing on the American Stock Exchange (AMEX) or Nasdaq as well as several European exchanges. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. Canada's marijuana crop alone is estimated at $4 billion to $7 billion. If a single company controlled it, it would be larger than Canada's oil and gas business and agricultural industries. On October 7, 2003 the Ontario Superior Court ruled that business and individuals be allowed to grow and supply medical marijuana, effectively relieving the Canadian government of its often criticized and fairly unsuccessful attempts. Health Canada "permitted persons" (exemptees) can now pay Amigula to grow marijuana for them. The ruling makes it easier for sick people to get marijuana by allowing them easier access -- more choice and fair prices. The company has a mandate to develop and improve the medical marijuana business worldwide and is on the acquisition and consolidation trail of other legal licensed marijuana operations with notable international brands.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
CONTACT: Amigula, Inc.
Warren Eugene, 416/838-3600
www.amigula.com
SOURCE: Amigula Incorporated
040322
BW040312
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