Matica Reports on Annual General & Special Meeting

2017-07-04 / @thenewswire

(TheNewswire)

July 4, 2017 / TheNewswire / Toronto, Ontario - Matica Enterprises Inc. (MMJ-CSE) (39N - Frankfurt) (MQPXF - OTC PINK) ("Matica" or the "Company") is pleased to report on a successful Annual General and Special Meeting which was held on Friday June 30, 2017 in Toronto, Ontario.

The shareholders set the number of directors at three and elected Mr. George A. Brown, Mr. Gurcharn (Charn) Deol and Mr. Boris Ziger as directors of the Company for the ensuing year.

UHY McGovern Hurley LLP Chartered Accountants were appointed as Auditors of the Company for the ensuing year.

The shareholders re-approved the Company's existing 10% rolling stock option plan.

Subsequent to the shareholders meeting, the board of directors reappointed Mr. Boris Ziger as President & CEO, and Mr. George A. Brown as Interim CFO.

About Matica

Matica has an agreement with RoyalMax Biotechnology Canada Inc. ("RoyalMax") for Matica to become a majority owner (70%) of the late stage applicant under the Access to Cannabis for Medical Purposes Regulation ("ACMPR"). Through RoyalMax, Matica is diligently moving forward with its application to become a Licensed Producer of medical marijuana under ACMPR. With permits in place, preparations have started to retrofit the facility.

For more information on Matica please visit the website at: www.maticaenterprises.com.

On behalf of the Board of Directors

MATICA ENTERPRISES INC.

/s/ George A. Brown

George A. Brown, Director and Interim CFO

The Company's filings are available for review at www.sedar.com and www.thecse.com.

For further information, please contact Boris Ziger, Chief Executive Officer, at:

Telephone: 416-304-9935

E-mail: info@maticaenterprises.com

Website: www.maticaenterprises.com

Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

The CSE has not reviewed, approved or disapproved the content of this press release.