The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements or forward-looking information involve risks, uncertainties and other factors that could cause actual results, performances, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements or forward-looking information can be identified by words such as anticipate, intend, plan, goal, project, estimate, expect, believe, future, likely, may, should, could, will and similar references to future periods. All statements other than statements of historical fact included in this release are forward-looking statements, including, without limitation, the expected closing and details of the Rights Offering. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements or information. Important factors that could cause actual results to differ materially from Burcons plans and expectations include the actual results of business negotiations, marketing activities, adverse general economic, market or business conditions, regulatory changes and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled Risk Factors in Burcons annual information form dated June 27, 2016 filed with the Canadian securities administrators on http://www.sedar.com and contained in Burcons 20-F filed with the U.S. Securities and Exchange Commission on http://www.sec.gov. Any forward-looking statement or information only speaks as of the date on which it was made and, except as may be required by applicable securities laws, Burcon disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Although Burcon believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and accordingly, investors should not rely on such statements.
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“The plan was to keep it as simple as possible at this point,” Robert Brech, the department’s general counsel. Draft rules haven’t been released yet for the regulation of and application process for dispensaries and cultivation facilities. The governor and legislative leaders have until Dec. 9 to appoint members of the five-member commission that will license the dispensaries. The proposed Health Department rules don’t say how much qualified patients would have to pay to apply for a registry card allowing them to buy marijuana from the dispensaries. Brech said http://laylatuckerfocus.universitypunjabi.org/2016/08/22/a-basic-analysis-of-logical-medical-student-strategies the department still has to determine how much it will cost to administer the program and how many qualified patients are expected to participate. “We’re going to have to make a good faith effort on how many registrants there will be and compare that to the number of positions we might need and the cost of the program,” Brech said. David Couch, the attorney who spearheaded the medical marijuana campaign, said he doesn’t think the testing or labeling requirements would be too burdensome. He said the department would also need to spell out the rules for the database of qualified patients that is required by the amendment. “I didn’t see anything in here looking at it that I thought was some sort of backdoor way to limit the scope of the amendment in any manner,” said Couch, who heads the Arkansas Medical Marijuana Association. The proposed rules were resource released the same day a state lawmaker filed legislation that would delay the launch of the medical marijuana program.
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