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TORONTO, December 11, 2024 (GLOBE NEWSWIRE) — RAMM Pharma Corp. (together with its wholly owned subsidiaries, the Enterprise Or “RAMM”) (CSE: RAMM)supplies an replace on its dispute with Sergio Martines and Naturale Science Inc. (plaintiffs), as beforehand indicated in its press launch dated Might 21, 2024.
The choose denied the plaintiffs’ declare for 3,139,931.30 CAD and awarded Martines 14,971.80 CAD for unpaid prices. The choose additionally dismissed RAMM’s counterclaim within the quantity of CAD 14,220,000.
The explanations for judgment, launched on December 9, 2024, can be found on the Ontario Superior Courtroom of Justice web site.
About RAMM Pharma Corp.
RAMM Pharma is energetic within the discipline of cannabinoid pharmacology and formulation of pharmaceutical hashish and different hemp-based merchandise with a novel and diversified worldwide manufacturing and gross sales platform. The Firm operates a longtime pharmaceutical and medical merchandise enterprise in Uruguay that has developed a number of medically registered and authorized plant-derived cannabinoid pharmaceutical merchandise which were approved on the market and/or compassionate use in a number of Latin American nations. RAMM additionally has a portfolio of recent merchandise, together with registered hemp-based dietary merchandise and specialised veterinary merchandise, at varied phases of approval and growth, that are produced in response to the state-of-the-art and finest observe licensed formulation. manufacturing of the corporate. manufacturing facility in Montevideo, Uruguay.
In Europe, RAMM’s vertically built-in operations are based mostly in Ragusa, Italy, and ElblÄg, Poland (60 kilometers east of GdaÅ”sk), and embrace giant extraction and processing services (in section ultimate commissioning within the case of Canapar Corp. RAMM Pharma consists of the wholly owned subsidiaries Canapar Corp., HemPoland Sp. Z oo, Medic Plast SA, Yurelan SA, Glediser SA and RAMM Pharma Holdings Corp.
Extra details about the Firm is obtainable at www.wearerammpharma.com.
For extra info, please contact:
Jose Roldan
Appearing Chief Monetary Officer
+598 99 057 301
jroldan@rammphharma.com
Warning Concerning Ahead-Trying Data
This press launch accommodates “forward-looking info” and “forward-looking statements” (collectively, “forward-looking statements“) throughout the which means of relevant Canadian securities laws. All statements, aside from statements of historic reality, are forward-looking statements and are based mostly on expectations, estimates and projections as of the date of this press launch. Any assertion that includes discussions relating to predictions, expectations, beliefs, plans, projections, aims, assumptions, future occasions or efficiency (usually however not at all times utilizing expressions comparable to expects or doesn’t anticipate, is predicted, anticipates or doesn’t anticipate, plans, budgets, scheduled, forecasts, estimates, believes or intentions or variations of those phrases and expressions or indicating that sure actions, occasions or outcomes might or may, would, may or are anticipated to happen or be achieved) aren’t statements of historic reality and could also be forward-looking statements. Ahead-looking statements on this press launch relate to, amongst different issues, the Firm’s methods and aims, in addition to future enlargement plans.
These forward-looking statements are based mostly on affordable assumptions and estimates of the Firm’s administration on the time such statements had been made. Precise future outcomes might differ materially to the extent that forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger the Firm’s precise outcomes, efficiency or achievements to vary materially from the precise outcomes, efficiency or achievements of the Firm. or future achievements expressed or implied by these statements. forward-looking statements. These components embrace, amongst others: the decision of the litigation that Ramm pursues and defends; monetary threat linked to litigation; the quantity acknowledged within the Firm’s monetary statements in respect of the dispute; the longer term progress potential of the Firm; fluctuations normally macroeconomic situations; fluctuations in securities markets; expectations relating to the dimensions of the Uruguayan, Latin American, European and worldwide medical and leisure hashish markets and evolving consumption habits; the Firm’s potential to efficiently obtain its enterprise aims; enlargement initiatives; political and social uncertainties; incapability to acquire sufficient insurance coverage to cowl dangers and hazards; and the presence of legal guidelines and laws which will impose restrictions on the cultivation, manufacturing, distribution and sale of hashish and cannabis-related merchandise in Uruguay or internationally; and worker relations. Though the forward-looking statements contained on this press launch are based mostly on what administration of the Firm believes, or believed on the time, to be affordable assumptions, the Firm can’t guarantee shareholders that precise outcomes will likely be in step with these forward-looking statements. forward-looking statements. as a result of there could also be different components that trigger the outcomes to not be these anticipated, estimated or supposed. Readers mustn’t place undue reliance on the forward-looking statements and knowledge contained on this press launch. The Firm undertakes no obligation to replace forward-looking statements of beliefs, opinions, projections or different components, ought to they modify, besides as required by legislation.
No inventory alternate, securities fee or different regulatory authority has authorized or disapproved the data contained herein.
Supply: RAMM Pharma Corp.
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