PRESS RELEASE
MYM’s Joint Venture Company BioHemp Signs LOI for the Sale of $25 Million of CBD-Rich Hemp Biomass
VANCOUVER, British Columbia, July 23, 2019 – MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) (“MYM” or the “Company”) is pleased to announce that its joint venture company (MYM owns 50%), BioHemp Naturals Growing & Farming Ltd. (“BioHemp”), has signed a non-binding Letter of Intent (“LOI”) for the sale of $25 million of CBD-rich hemp biomass.
“I am truly excited to share that our sales team has secured an LOI for $25 million, representing nearly half of our remaining forecasted CBD-rich hemp biomass”, said Howard Steinberg, CEO of MYM. “The recipient of the biomass represents a consortium of Canada’s largest cannabis LP’s and is a great vote of confidence to the quality of BioHemp’s Canadian grown CBD-rich hemp”.
About MYM Nutraceuticals Inc.
MYM Nutraceuticals Inc. is an innovative company focused on the global growth of Cannabis and CBD-rich hemp. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors. MYM shares trade in Canada, Germany and the USA under the following symbols: (CSE:MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).
ON BEHALF OF THE BOARD
Howard Steinberg, CEO
MYM Nutraceuticals Inc.
www.mym.ca
Investor Relations
Billy Casselman
778-522-2261