SAN FRANCISCO, Oct. 22 /PRNewswire-FirstCall/ -- Dynamic Alert Limited (OTC Bulletin Board: DYMC) (the "Company") is an emerging biotechnology leader specializing in the commercialization of medical cannabis-based pharmaceutical products. Today the Company is pleased to announce it has signed an agreement to acquire all of the assets of Cannex, a privately owned California group operated by Medical Cannabis pioneer and political activist Steven W. Kubby (http://www.kubby.com). The asset purchase agreement includes all intellectual property rights, formulas, patents, trademarks, client base, hardware and software, etc... pertaining to Cannex's pharmaceutical cannabis research & development business. Dynamic Alert anticipates closing this transaction upon completion of a 90-day due diligence period.
Richard Cowan, Dynamic President & CEO, stated, "Mr. Kubby's background
in the medical cannabis arena is simply put, the living proof that it
works. Mr. Kubby, the founder of Cannex, is a long-term cancer survivor.
Mr. Kubby is an entrepreneur with a wide range of experience and success in
businesses ranging from property management to publishing to political
fundraising. He received his BA in Psychobiology from California State
University. Kubby is a survivor, for more than three decades, of a rare
form of adrenal cancer with a mortality prognosis of 6-12 months. Leading
specialists in the US and Canada have attributed his survival to medical
cannabis. Mr. Kubby is a director of the American Medical Marijuana
Association, an internationally recognized organization comprised of
doctors, lawyers, nurses and patients working for the rights of medical
cannabis patients primarily in the United States. Having been a leader in
the passing of California's medical cannabis initiative (Proposition 215)
in 1996, Kubby is intimately familiar with the legal and regulatory
problems involved in developing and marketing can
|SOURCE Dynamic Alert Limited|
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