TORONTO, July 13, 2018 /CNW/ - Molecular Science Corp. ("MSC" or the "Company") is pleased to announce Molecular Science Labs Corp, a wholly owned subsidiary of MSC, has received a Dealer's License pursuant to the provisions of the Controlled Drugs and Substances Act and its Regulations from Health Canada.

Licensed activities will occur in MSC's state of the art lab facility located in Scarborough, Greater Toronto, Ontario, where cannabis samples can be received for the purpose of analytical testing. MSC's lab services will include multiple analyses including pesticides, heavy metals, and potency in cannabis flower, cannabis oil extract and hemp. This facility will implement processes in line with pharmaceutical industry best practices for analytical testing using high end LC-MS/MS, GC-MS/MS, ICP-MS and advanced automation systems.

"Achievement of this Dealers License allows MSC to continue on the path to providing the Canadian LPs with precise, efficient cannabis testing and product analysis in an effort to improve consumer safety as well as cultivation and extraction processes in line with Health Canada regulations," said Dr. Mauro Aiello, VP of Laboratory Operations and Product Development. "MSC is committed to improving the turn-around time, quality and reliability of analytical testing for the Cannabis industry through innovations in science, technology and efficient Quality Assurance processes. MSC's highly skilled team is implementing advanced methodologies and systems to achieve these goals."

About Molecular Science Corp.

MSC is a Canadian laboratory services company that will deliver analytical testing & data-driven business intelligence to the growing cannabis economy. The Company is dedicated to providing enterprise & craft-level Licensed Producers and Licensed Oil Processors the tools and services they require to succeed through accurate and timely testing of their products. Our brand new physical laboratory in Scarborough, Ontario will perform a series of analytical tests including potency, terpene profiling, pesticides, heavy metals and mycotoxins testing, as mandated by Health Canada's regulatory standards. MSC is also bringing to market a mobile lab, custom built to provide an onsite pesticide testing solution to customers and to enable an interactive educational platform for product safety awareness, assisting producers in making informed decisions about their cultivation practices.

For more information visit mscience.ca

NOTICE REGARDING FORWARD LOOKING STATEMENTS

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Regulatory authorities have not reviewed, approved or disapproved the contents of this press release.

SOURCE Molecular Science Corp

For further information: VP of Lab Operations and Product Development, Mauro Aiello, Ph.D., [email protected], 647-883-3961; Director of Marketing, Tahir Kassam, [email protected], 416-800-0479 ex 205