Toronto, Ontario, December 8, 2014 – GreenBank Capital Inc (CSE: GBC) (“GreenBank”) announces that it has decided not to pursue its medical marijuana plans.
GreenBank’s medical marijuana plans were announced on April 14, 2014 and are at a very early stage. Given the increasing number of participants in this space, and the complexity and extended time line of the Canadian licensing process, GreenBank has abandoned its medical marijuana plans and terminated its lease of land near Tweed, Ontario at no cost. GreenBank’s medical marijuana website has been discontinued. GreenBank will instead focus on its other activities.
GreenBank is a corporate finance investment business investing in small cap companies, and private equity investments, and its subsidiary GreenBank Financial has applied for an exempt market dealer licence. For more information please see www.GreenBankCapitalinc.com or contact Danny Wettreich at (647) 931 9768 or dw@GreenBankCapitalinc.com.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release.