Solaris Nutraceuticals Receives AUD$2,500,000 Grant from Federal Department of Innovation, Industry & Science

VANCOUVER, British Columbia, February 15, 2018 /PRNewswire/ --

MYM Nutraceuticals Inc., (CSE: MYM.CN) (MYM.CN) in response to an advanced Access to Cannabis for Medical Purposes Regulations ("ACMPR") license applicant and its strategic partners PUF Ventures Inc. (CSE: PUF) are pleased to announce the Australia based Solaris Nutraceuticals Pty Ltd, which is building the largest medical cannabis greenhouse southern hemisphere, has been awarded a $AUD2,500,000 Regional Jobs Investment Program (RJIP) grant, through Federal Department of Innovation, Industry & Science.

"We are co-investing with Solaris Nutraceuticals to make sure it (the medicinal cannabis facility) happens," said Kevin Hogan, Australian Member of Parliament. "Up to 280 jobs will be there one day providing this great new product that is needed by our community. We look forward to having the largest medicinal cannabis facility in the Southern Hemisphere soon in Casino."

"We are very honoured to be awarded this Federal Grant towards the construction of our 1,200,000 sq. f.t greenhouse," said Michael Horsfall, Co-founder and CEO of Solaris Nutraceuticals. "We have been overwhelmed with the generous support we have received from all levels of Government. We are working hard to deliver this project. We expect to create upwards of 300 to 500 direct and indirect jobs in the Northern Rivers Region from our greenhouse project. This will provide a significant boost to the local economy."

The new facility will be Australia's largest growing, manufacturing, processing and research facility in Australia. This is an innovative project which will help patients, create new jobs, complete further research and develop new products in the medical cannabis field.

The company is currently in the assessment stage for three licenses with the Office of Drug Control in Canberra.

Kevin Hogan, Member of Parliament: https://m.facebook.com/story.php?story_fbid=1694316460660111&id=356113427813761&refsrc=http%3A%2F%2Ft.co%2F4LMgCG1HkD&_rdr

"Getting financial support from the local government at this scale is unprecedented," said Rob Gietl, CEO of MYM. "We are very excited about the Northern rivers project and the economic impact it can have for the area and Solaris Nutraceuticals Inc."

The project is scheduled to break ground this Summer with phase one completed by the end of 2018. Project completion is scheduled for Q4 2019.

About Solaris Nutraceuticals (MYM owns 35%)