EGF THERAMED HEALTH CORP. (CNSX: TMED) (OTC: EVAHF)
Channel: RICH TV LIVE
Date: 01/06/2020

EGF THERAMED HEALTH CORP. (CNSX:TMED.CN)(OTC PINK:EVAHF)(FRA:AUHP)(the "Company") announces that it has commenced due diligence and research into additional acquisition opportunities that complement its current work in the health sciences sector. Specifically, the Company is further investigating the psilocybin and ketamine sectors, focusing on innovative care and specific dose treatments, with the overall goal of improving health and promoting human condition. JUNE 1, 2020 - RICH TV LIVE 

Company Website: https://theramedhealthcorp.com/

Following the Company's recent joint ventures through the acquisitions of a 40% equity interest in Green Parrot Labs Corp. ("Green Parrot") and a 30% equity interest in Pharmadelic Labs Corp. ("Pharmadelic Labs"), the Company plans to strengthen its existing vertical markets in the health sciences sector. The Company has assets and technologies used in the extraction and purification of botanical extracts and the creation of extract formulations and is working with Pharmadelic Labs to implement psilocybin and psychedelics extraction and processing at the Company's Las Vegas lab facilities. The Company will also continue to seek and develop products, technologies and diagnostic tools focused on hemp-derived cannabidiol.

Psilocybin microdosing is known to reduce stress, anxiety and pain without many of the side effects associated with traditional pharmacology products that have been prescribed for the same issues. Psilocybin has been decriminalized in Denver, Oakland, and Santa Cruz and the Food and Drug Administration in the United States has granted a breakthrough therapy designation for the compound. Preliminary clinical evidence indicates psilocybin may demonstrate substantial improvement over other available therapies for treatment-resistant depression.

The initiative by the Company to strengthen its health sciences business by expanding into the psilocybin and ketamine sectors is a proactive move to investigate potentially new verticals of sales and complementary assets. "We are very excited about the psilocybin and ketamine space as we feel it is very complimentary to the cannabidiol space, as both have the potential for unique health benefits. Like any business, cashflow is a key component to the success of our Company, and we will be exploring different channels within the space to create revenue," states Jay Dhaliwal, CEO of the Company.

(CSE:TMED / OTC:EVAHF / FRANKFURT: AUHP)

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