Modern Mobility Aids Announces Its Agreement to Purchase Fifty Percent of Green Calyx
July 02 2014 - 9:35AM
Marketwired
Modern Mobility Aids Announces Its Agreement to Purchase Fifty
Percent of Green Calyx
TORONTO, ON--(Marketwired - Jul 2, 2014) - Nevada-based Modern
Mobility Aids, Inc. (PINKSHEETS: MDRM) (OTC Pink: MDRM) (the
"Company"), announced today that it has entered into an agreement
to purchase a 50% interest in Green Calyx, Inc. part of the Newland
family group of companies, a third generation flower grower in
Leamington, Ontario.
Green Calyx Ltd, an Ontario Corporation, has an exclusive
agreement with a medical marijuana research institute in British
Columbia to conduct research on cannabis cultivars to produce
cannabis based medicines. The cultivator, Green Calyx, has a
directive from Health Canada to install an approved security system
that in turn will result in a license being issued to Newland and
Green Calyx Ltd to cultivate and conduct research on cannabis.
MDRM is now further positioned to execute on its expansion into
the exciting emerging market of the Medical Marijuana.
Ken Pinkard, CEO of the Company, stated, "The acquisition of
Green Calyx will give Modern Mobility the ability to develop
cannabis based product to help patients with various conditions and
be a leader in the medical marijuana industry.
About Modern Mobility Aids, Inc. The Company was first
incorporated under the laws of the State of Nevada on December 19,
2007, under the name of Glider Inc. Its original business plan was
to sell and distribute products for mobility-challenged
individuals. The Company changed its name to Modern Mobility Aids,
Inc. on April 22, 2010 with initial plans to distribute products
for mobility-challenged individuals. In February 2014, the business
focus of the Company evolved with a rapid expansion strategy in the
life sciences and healthcare industry, with a focus on production
of Medical Marijuana. A mandate was created to acquire companies
within the biopharma and alternative medicine sectors targeting
both innovative research and development as well as scalable
licensed, manufacturing capacity in three niche market
segments.
Safe Harbor
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the "Act").In particular, when used in the preceding of
discussion, the words "anticipate," "pleased," "plan," "confident
that," "believe," "expect," "possible" or "intent to" and similar
conditional expressions are intended to identify forward-looking
statements within the meaning of the Act and are subject to the
safe harbor created by the Act. Such statements are subject to
certain risks and uncertainties and actual results could differ
materially from those expressed in any of the forward-looking
statements. There are no guarantees or assurances that any
proposals, initiatives or negotiations will result in what the
company had originally intended. Any investment made into Modern
Mobility Aids, Inc., would be classified as speculative and risky.
Such risks and uncertainties include, but are not limited to,
market conditions, general acceptance of the company's products and
technologies, competitive factors, the ability to successfully
complete additional or adequate financing, government approvals or
changes to proposed laws and other risks and uncertainties further
stated in the company's financial reports and filings.
CONTACT INFO: Modern Mobility Aids, Inc. Public Relations and
Shareholder Information investor@mdrmgroup.com
Modern Mobility Aids (PK) (USOTC:MDRM)
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