Vodis Secures Washington State Facility for Approved Marijuana License Holders

Press Releases |

Vancouver, British Columbia / April 15, 2015 – Vodis Pharmaceuticals Inc. (VP:CNX) (FSE: 1JV) ($VDQSF) is pleased to announce it has entered into a lease to own arrangement for a facility in Bellingham, Washington that will allow Vodis USA to develop a turnkey solution to future license holders under the I-502 regulation in Washington State.

Otto Folprecht, CEO and Director of Vodis, states, “We’re thrilled that our new Bellingham facility can be easily retro-fitted into a state-of-the-art 17,000 square foot production and processing facility. This is a major milestone in the company’s aspiration of becoming an international brand in the cannabis and pharmaceutical business”.

Vodis USA Inc, a fully owned subsidiary of Vodis Pharmaceuticals Inc, will grant a license to manufacture, market and sell certain products under the VIP brand. Through this program Vodis USA LLC will allow licensed Washington State growers access to its Quality Assurance Program (QAP), Good Manufacturing Practices (GMP), Generally Accepted Agricultural Practices (GAAP), expertise and production services.

While Vodis Pharmaceuticals and its subsidiaries cannot have any whatsoever interest 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.

About the Washington I-502 marijuana market

In November, 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502), pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over 21 years of age and thereby created a new industry for the growing, processing and selling of recreational marijuana products regulated by Washington State. A recent WSLCB-commissioned report by the Rand organization suggests that there are currently up to 700,000 recreational marijuana users in Washington State worth approximately $1.25-billion (U.S.) to $1.5-billion (U.S.) in annual sales.

Also, the company is waiting for final inspection from Health Canada of its Delta BC  medical marijuana production facility.

For further information please contact:

Richard Schnoor

Head of Corporate Communications

Vodis Pharmaceuticals Inc.

8788 River Road

Delta, BC V4G 1B5

Direct: 1-866-210-1420 ext. 110

Web: 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:

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release and any accompanying graphic links are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Emerging Growth

ParcelPal Technology Inc.

ParcelPal Technology Inc is a community based delivery service. The Company through its mobile delivery app enables businesses and individuals to quickly and affordably have items delivered locally though crowd-sourced…

Private Markets

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…


Uber connects riders with safe, reliable, convenient transportation providers at a variety of price-points in cities around the world. Uber makes money from charging their drivers 20% of the fare…