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Tuesday, 06/16/2020 10:33:19 AM

Tuesday, June 16, 2020 10:33:19 AM

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VANCOUVER BC / ACCESSWIRE / June 16, 2020 / EMPOWER CLINICS INC. (CBDT.CN)(EPWCF)(8EC.F) ("Empower" or the "Company"), a vertically integrated life sciences company, is pleased to announce that Empower CEO Steven McAuley will be speaking at the Peak Asset Management's Psychedelic Investment Webinar this Thursday, June 18th at 7:30PST. The Webinar is titled: "Psychedelic Stocks On The Charge in North America Creates Opportunities for Global Investors" and is being hosted by Peter Hunt, Co-founder and Chair of Mind Medicine Australia.

The Webinar will include talks and Q&A from the following Companies:

Mind Medicine Australia - working with the Therapeutic Goods Administration to bring these medicines to everyday Australians
Eleusian Biosciences Corp - leveraging Psilocybin to treat depression & concussion
Empower Clinics - operates six health & wellness clinics in the USA treating patients in real-time ,in person and through tele-medicine

More information and registration for the webinar can be found at: Psychedelic Stocks on the Charge (CTR Click)

"Having the opportunity to participate in the Peak Asset Management's Psychedelics Webinar in front of a diverse international audience, allows me to advocate for the impact psychedelic treatments may have for global mental health issues." said Steven McAuley, Chairman & CEO of Empower. "Being part of the conversation on behalf of our new psychedelics division Dosed Wellness, brings important exposure to the overall narrative."

The Company has amended the application for a management cease trade order ("MCTO") from filing with the Ontario Securities Commission to an updated filing with the British Columbia Securities Commission, which would restrict all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company. The issuance of an MCTO does not generally affect the ability of persons who are not directors, officers or other insiders of the Company to trade in securities of the Company.

The Company confirms that the BC Securities Commission has approved the application for MCTO effective June 16, 2020

As required under section 9 b) of the National Policy 12-203 - Cease Trade Orders the Company indicates it is unable to meet the prescribed filing deadline due to additional audit requirements by its auditor MNP, LLP and due to increased operational limitations related to the coronavirus pandemic.

The Company intends to comply with the provisions of the alternative information guidelines as set out in the National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.

ABOUT EMPOWER

Empower is a vertically integrated health & wellness company with a network of corporate and franchised health & wellness clinics in the U.S. The Company is focused on helping patients improve and protect their health, through innovative physician recommended treatment options. The Company has launched Dosed Wellness Ltd. to connect its significant data, to the potential of the efficacy of alternative treatment options related to hemp-derived cannabidiol (CBD) therapies, psilocybin and other psychedelic plant-based treatment options.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

CONTACTS:

Investors: Steven McAuley
Chairman & CEO
s.mcauley@empowerclinics.com
604-789-2146

Investors: Dustin Klein
SVP, Business Development
dustin@svmmjcc.com

720-352-1398

For French inquiries:

Remy Scalabrini, Maricom Inc.,
E: rs@maricom.ca,
T: (888) 585-MARI

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