CanniMed Therapeutics Inc. (TSX: CMED) (OTC: CMMDF) has initiated production of CanniMed® Capsules, following the receipt of the Production License granted by Health Canada. Subject to Health Canada’s issuance of the required license to sell, CanniMed anticipates the Capsules will be available for patient order by end of calendar 2017.

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CanniMed® Capsules are a pivotal innovation in medical cannabis therapy as they deliver medicine in a dosage form widely utilized in the pharmaceutical industry, provide precise dosing in each capsule, enhance patient convenience and will be formulated to produce long-lasting effect. CanniMed® Capsules are vegan to address patient’s specific dietary needs.

A recent survey of CanniMed® patients indicated 96 per cent of the Company’s current Oil patients are interested in trying one of the Capsule products when they become available.

“By encapsulating our top selling medical cannabis oil product, patients will quickly benefit from the convenience of the CanniMed® Capsules,” said Brent Zettl, President and CEO of CanniMed. “We anticipate significant patient demand together with increased acceptance and prescription by physicians due to the Capsule treatment format which more closely aligns with those of traditional pharmaceutical products. The precise dosing of the Capsule medicinal delivery method addresses a major concern held by many physicians regarding precise dosing of medicinal cannabis.”

The CanniMed® Capsules production facility is fully operational with rated capacity to manufacture 11,000 capsules per hour. This high capacity will enable CanniMed to ensure ample product availability immediately upon the product launch.

The first Capsule product available will be the CanniMed® Capsule 3:3, which is the encapsulated form of the Company’s top selling CanniMed®Oil 10:10. This will be followed shortly thereafter, by a high-CBD capsule. CanniMed® Capsules will initially be available in 60 or 120 capsule packages.

About CanniMed Therapeutics Inc.

CanniMed is a Canadian-based, international plant biopharmaceutical company and a leader in the Canadian medical cannabis industry, with 16 years of pharmaceutical cannabis cultivation experience, state-of-the-art, GMP-compliant production process and world class research and development platforms with a wide range of pharmaceutical-grade cannabis products. In addition, the Company has an active plant biotechnology research and product development program focused on the production of plant-based materials for pharmaceutical, agricultural and environmental applications.

The Company, through its subsidiaries, was the first producer to be licensed under the Marihuana for Medical Purposes Regulations, the predecessor to the current Access to Cannabis for Medical Purposes Regulations. It was the sole supplier to Health Canada under the former medical marijuana system for 13 years, and has been producing safe and consistent medical marijuana for thousands of Canadian patients, with no incident of product diversion or recalls.