Health sciences company PreveCeutical Medical Inc. (CSE:
PREV) (OTCQB: PRVCF) (FSE: 18H) late Wednesday announced its entry into a
letter of intent with Penta 5 Packaging Inc. and Penta 5 USA, LLC (together the
“Penta 5 Group”) through which PreveCeutical intends to acquire the Penta 5
Group and its assets, including over 120 market-ready products and a
150,000-square-foot, state-of-the-art packaging facility. “The Transaction will
significantly benefit PreveCeutical and its shareholders,” Stephen Van
Deventer, chairman, CEO and president of PreveCeutical, stated in the news
release. “The Penta 5 Group, led by R. Charles Murray, has recorded over 20
years of success in the wellness and packaging industries. Mr. Murray’s
extensive industry experience and large distribution network will open doors to
create many cannabis-based health and wellness products and expand into new
markets, including animal health care.”
To view the full press release, visit http://ibn.fm/YbeFG
About PreveCeutical Medical Inc.
PreveCeutical is a health sciences company that develops
innovative options for preventive and curative therapies utilizing organic and
nature identical products. PreveCeutical aims to be a leader in preventive
health sciences and currently has five research and development programs,
including: dual gene therapy for curative and prevention therapies for diabetes
and obesity; the Program; Nature Identical™ peptides for treatment of various
ailments; non-addictive analgesic peptides as a replacement to the highly
addictive analgesics such as morphine, fentanyl and oxycodone; and a therapeutic
product for treating athletes who suffer from concussions (mild traumatic brain
injury). PreveCeutical sells CELLB9®, an Immune System Booster. CELLB9® is an
oral solution containing polarized and potentiated essential minerals extracted
from a novel peptide obtained from Caribbean Blue Scorpion venom. This product
is available on the company’s website. For more information, visit the
company’s website at www.PreveCeutical.com
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