PreveCeutical Medical Inc (PRVCF)

[Dust2332]

PreveCeutical to Visit Penta 5 Group’s Packaging Facility for Due Diligence on Proposed Acquisition
 

October 15, 2018, Vancouver, British Columbia: PreveCeutical Medical Inc. (the “Company” or “PreveCeutical”) (CSE: PREV, OTCQB: PRVCF, FSE: 18H), announces an update on the Company’s due diligence on the Penta 5 group of companies (the “Penta 5 Group”), in connection with the proposed acquisition by the Company of the Penta 5 Group (the “Acquisition”) and its assets, which include over seven brands, 40 market-ready products, previously announced on October 3, 2018.

To advance the due diligence process, the Company’s management team has scheduled a due diligence trip (the “Due Diligence Trip”) to the Penta 5 Group’s leased 150,000 square foot state-of-the-art packaging facility (the “Facility”) located in Sarasota, Florida, used for the packaging of food and beverages, non-food items and hemp products. The Due Diligence Trip will include a tour of the Facility’s FDA approved filling and packing rooms, sealing machinery and bonded warehouse, as well as the full range of low and high-speed production lines.

Mr. Stephen Van Deventer, PreveCeutical’s Chairman, CEO and President, stated, “We are happy with the results of our due diligence to date and are now ready to conduct an on-site inspection of the Penta 5 Group’s operations. I am excited to understand the full scope of the Penta 5 facility’s diverse capabilities and determine how it can be applied to the future growth of PreveCeutical.”