Cannimed Reports Financial Results For 2016

SASKATOON, Saskatchewan--(BUSINESS WIRE)--CanniMed Therapeutics Inc. (“CanniMed” or the “Company”) (TSX:CMED) today released its financial results for the year ended October 31, 2016.

The financial statements released included the audited statement of financial position of CanniMed as at October 31, 2016 together with the audited consolidated financial statements of Prairie Plant Systems Inc. (“PPS”) for the year ended October 31, 2016. Following a corporate reorganization, PPS became a wholly-owned subsidiary of CanniMed on November 1, 2016. For complete details of the audited Statement of Financial Position of CanniMed, the audited consolidated financial statements of PPS and associated Management's Discussion and Analysis (“MD&A”) please refer to the Company's filings on SEDAR (www.sedar.com) or the Company's website (www.CanniMedTherapeutics.com).

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