January 23, 2017 / TheNewswire / Vancouver, British Columbia – Vodis Pharmaceuticals Inc. (CSE: VP / FSE: 1JV) ("Vodis" or the "Company") announces that it has been notified by its tenant, Our Church International, LLC, that the Washington State Liquor and Cannabis Board ("WSLCB") has complete their inspection of the Phase Two expansion of the Washington (WA) State facility in Bellingham.  No deficiencies have been reported.

 

The inspection took place on January 20, 2017.  The WSLCB inspector has reviewed compliance to state regulation on all of the aspects of the expansion at the facility including the change of planned operational upgrades.  The tenant anticipates the issuance of an amendment to its Cannabis Production and Processing License to confirm that the expansion of the facility meets all current regulatory requirements within the next ten business days.  Production is expected to commence immediately after.

About Vodis Pharmaceuticals Inc.

 

Vodis is one of North America’s foremost brand names in the medical and recreational marijuana business with operations in both the United States and Canada. Its master grow teams have consistently won or placed at each competition they have entered with their “VIP” brand. The Company, with facilities in BC and Washington State, is also actively looking into expansion opportunities in other countries and states in the USA.

 

While Vodis Pharmaceuticals and its subsidiaries cannot have any interest whatsoever in any proceeds as a result of production, processing or retail activities in the United States, it can license its brand, production and consulting services to approved Washington State license holders to ensure that all products produced under the Vodis Pharmaceuticals program and/or associated under the VIP brand meet or exceed the Vodis brand quality standards.

 

For further information, please contact:

Ivan Miliovski

Chief Executive Officer

Vodis Innovative Pharmaceuticals Inc.

8788 River Rd, Delta, V4G 1B4, Canada

Phone: 1.866.210.1420 Ext.103

Website: www.vodis.ca

 

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

 

Forward-Looking Information:

 

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the use of proceeds of this financing. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.