Matica Begins Legal Action Against THCD
TORONTO, ON / ACCESSWIRE / November 23, 2015 / Matica Enterprises Inc. (CSE: MMJ) (Frankfurt: 39NF) (OTC PINK: MQPXF) ("Matica" or the "Company") announces that the Company has filed a Notice of Civil Claim in the Vancouver Registry of the Supreme Court of British Columbia naming THC Dispensaries Canada Inc. ("THCD"), Francis MacMaster, CEO of THCD and other related parties as Defendants in an effort to recoup funds and other damages suffered by Matica as a result of numerous breaches by the Defendants of the October 7th, 2014 Investment Agreement ("the Agreement").
In October, 2014 the Company signed the Agreement with THCD, a Nova Scotia company with "Ready to Build" status for a proposed free standing marijuana growing facility. The Company entered the Agreement with THCD on the basis of THCD's representations that it had nearly completed construction of the facility and that it was awaiting the pre-licence inspection by Health Canada to become...
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