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Oxford Alberta and Florida Medical Marijuana Update

Tuesday, 26 September 2017 08:30 AM

Oxford Investments Holdings Inc.

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TORONTO, ON / ACCESSWIRE / September 26, 2017 / Oxford Investments Holdings Inc. ("Oxford" or the "Company") (OTC PINK: OXIHF) is pleased to provide more details of its efforts to become a licensed producer of medical marijuana in Canada. As disclosed in the Company's June 14, 2017 press release, Oxford entered into a joint-venture agreement with Northern Green Alberta, which submitted a comprehensive application to Health Canada and subsequently received its ACMPR number from Health Canada under the Access to Cannabis for Medical Purposes Regulations. The Company is pleased to announce that Northern Green Alberta recently received notification that its ACMPR application is now at the Review and Security Clearance stage of the application process.

At this stage, Health Canada conducts a detailed review and assessment of an applicant's physical security plans as well the applicant's anticipated production practices and record-keeping related to cannabis production. "This is a very exciting development and a significant step forward in the ACMPR application screening process." stated Michael Donaghy, President of Oxford.

On June 20, 2017, Oxford announced that it had established a US-based subsidiary, Pioneer Green Inc. which entered into an agreement with Drymon's Citrus Nursery with purpose of pursuing a license to grow and distribute marijuana for medical purposes in the State of Florida. In the November 2016 elections, Florida residents voted 71% in favor of expanding the legal use of medical marijuana. Subsequently, state lawmakers have approved legislation to enact Florida's medical marijuana constitutional amendment.

On September 19, 2017, the Florida Department of Health released its application for Medical Marijuana Treatment Center Registration (Application), which is designed to allow the Florida Department of Health, Office of Medical Marijuana Use (OMMU) to select Medical Marijuana Treatment Centers (MMTC). The application outlines all the requirements and protocols applicants must follow for the opportunity to be granted a license to produce and distribute medical marijuana in the State of Florida.

"We are pleased that Florida has finally released its license application form, and we are actively preparing our application so that it can be submitted as quickly as possible. We strongly believe that our experience in pursuing a medical marijuana license in Canada should enhance our credibility with Florida State regulators," stated Mr. Donaghy. "It is great to see positive momentum in both Alberta and Florida."

About Oxford Investments Holdings Inc.

Oxford Investments Holdings Inc. is establishing itself as a leading payment solutions provider. The Company acts as a third-party processor, directing online merchants who require credit card processing to the company's network of processors whose payment gateways are integrated into a number of banks in China. Oxford earns commission revenues from the processors, while minimizing its infrastructure requirements and overhead costs. Oxford, through its partner, Koho Group, has also established relationships in the Chinese financial and electronic payments industries.

FORWARD-LOOKING STATEMENTS DISCLAIMER:

Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.

This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the Company's current strategy or product offerings.

Contact:

Oxford Investments Holdings Inc.
Michael Donaghy 1- 416 510 8351
Website: www.oxsof.com

SOURCE: Oxford Investments Holdings Inc.
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