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TORONTO, Jan. 28, 2019 -- ALGAE DYNAMICS CORP (OTC: "ADYNF") (the "Company"), a company focused on the development of unique health products and nutraceuticals utilizing cannabis and botanical oils, today announced it has changed its name to CanaQuest Medical Corp to better reflect its new strategic direction. CanaQuest is also seeking a new trading symbol, which it expects to announce in coming days. The strategic direction reflected in the name CanaQuest Medical Corp is the development, manufacture and worldwide distribution of formulations that combine the significant health benefits of Omega-3 essential fatty acids derived from algae oil and extracts of cannabis and botanical oils. The formulations that we have developed, and are continuing to [...]

TORONTO, October 19, 2018--ALGAE DYNAMICS CORP (OTC: “ADYNF”) (the "Company"), a company focused on the development of unique health products and nutraceuticals utilizing cannabis and botanical oil extracts, is pleased to announce that it has raised an additional CDN$527,000 pursuant to the closing of a second tranche of a private placement of units at a price of CDN$.40 per unit. This follows the company’s press release on August 3, 2018 when it announced funding of CDN$520,000 comprised of CDN$100,000 in convertible debentures and a further CDN$420,000 in units on the same terms, resulting in an aggregate of 2,367,792 units being issued and funding of approximately $1,047,000 in the aggregate. Each unit consists of one share [...]

TORONTO, Aug. 03, 2018 (GLOBE NEWSWIRE) -- ALGAE DYNAMICS CORP (OTC: “ADYNF”) (the "Company"), a company focused on the development of unique health products and nutraceuticals utilizing cannabis and botanical oil extracts, today announced it has received funding of CDN$520,000 through the sale of $100,000 Canadian 10% Convertible Debentures (convertible into 400,000 shares of common stock at $0.25 CAN) and $420,000 CAN through the sale of 1,050,000 shares of restricted Common stock at $0.40 CAN and the issuance of 525,000 purchase warrants at $0.75 CAN via an Offering Memorandum from accredited investors. The Company intends to use the funds to further support Dr. Steven Laviolette and his team at Western University and Dr. Jonathan Blay [...]

TORONTO, Aug. 02, 2018 (GLOBE NEWSWIRE) -- ALGAE DYNAMICS CORP (OTC: “ADYNF”) (the "Company"), a company focused on the development of unique health products and nutraceuticals utilizing cannabis and botanical oil extracts, has secured a supply agreement to enable Canadian Licensed Producers and International Licensed Importers access to bulk cannabis deliveries in anticipation of licensing agreements for our proprietary Cannabis formulated products. Recent Developments in our Collaboration with Western University The researchers at Western University, the Company’s scientific collaboration team, have developed a very unique formulation involving cannabis and other botanical extracts. Western University’s Dr. Laviolette said, “We are pleased to report significant progress on our ongoing projects with Algae Dynamics. We are continuing to [...]

TORONTO, March 06, 2018 (GLOBE NEWSWIRE) -- ALGAE DYNAMICS CORP (OTC: “ADYNF”) (the "Company"), a company focused on the development of unique health products and nutraceuticals utilizing cannabis and algae oils, today provided a corporate update. The Company is focused on initiatives designed to build shareholder value. The key initiatives are as follows: Continued Research and Product Development into Nutraceutical Formulations utilizing cannabis and algae oils. Leveraging our previously announced C$400,000 research grant from MITACS, a not-for-profit, Canadian national research organization, Western University has made significant progress in its research into anxiety, depression, schizophrenia, and post-traumatic stress disorder, drawing on twelve years of cannabis compound research. Preparing Patent Filing. A key nutraceutical formulation for anxiety [...]

TORONTO, Nov. 16, 2017 (GLOBE NEWSWIRE) -- ALGAE DYNAMICS CORP (OTC: ADYNF) (the "Company"), a company focused on the development of unique health products and pharmaceuticals utilizing cannabis and algae oils, today announced that it and the University of Western Ontario have been awarded C$400,000 in project funding from Mitacs, a Canadian not-for-profit organization committed to supporting research-based innovation. The funds will be used to support the previously announced research agreement by the Company and University of Western Ontario to investigate the role of cannabis-derived phytocannabinoid formulations for the development of novel mental health pharmacotherapies. This project support will run for 3 years at the University of Western Ontario, headed by Dr’s. Steven Laviolette and [...]

Toronto, ON, Nov. 15, 2017 (GLOBE NEWSWIRE) -- ALGAE DYNAMICS CORP (OTC: ADYNF) (the "Company"), a developer of unique health products utilizing cannabis and algae oils, today announced that it has secured a US$250,000 investment from Teewinot Life Sciences Corporation (“Teewinot”). Teewinot is a leader in the development of biosynthetic cannabinoids that have the identical chemical structure of cannabinoids found in the Cannabis plant. The Company intends to use the funds for its research programs with The University of Waterloo and University of Western Ontario, that have been announced previously, as well as for general & administrative expenses and compliance. Paul Ramsay, the Company’s Chairman and President said, “These funds will allow us to continue [...]

TORONTO, ON--(Marketwired - Aug 16, 2017) - ALGAE DYNAMICS CORP (OTCQB: ADYNF) (the "Company"), a company focused on the development of unique health products and pharmaceuticals utilizing cannabis and algae oils, today announced that it has further refined its relationship with 6779264 Manitoba Ltd dba Bonify ("Bonify") in a Letter of Intent ("LOI") dated August 10, 2017. Bonify is a Licensed Producer, pursuant to the Access to Cannabis for Medical Purposes Regulations in Canada, with the capability to grow multiple strains of cannabis in its state-of-the-art 320,000 square foot facility. The Company previously announced a Memorandum of Understanding with Bonify on May 9, 2017, in which Bonify agreed to supply raw cannabis plant material for [...]

TORONTO, ON--(Marketwired - May 9, 2017) - ALGAE DYNAMICS CORP (OTCQB: ADYNF) (the "Company" or "ADC"), a company focused on the development of unique health products and pharmaceuticals utilizing cannabis, hemp and algae oils, today announced a Memorandum Of Understanding ("MOU") with 6779264 Manitoba Ltd dba Bonify ("Bonify"), to supply raw cannabis plant material for processing into cannabis oil for sale and for use in research. Bonify is a Licensed Producer, pursuant to the Access to Cannabis for Medical Purposes Regulations in Canada with the capability to grow multiple strains of cannabis in its state of the art 320,000 square foot facility. It is anticipated that this MOU will lead to definitive service and supply [...]

TORONTO, ON--(Marketwired - Apr 19, 2017) - ALGAE DYNAMICS CORP (OTCQB: ADYNF) (the "Company" or "ADC"), a company focused on the development of unique health products and pharmaceuticals utilizing cannabis, hemp and algae oils today announced a joint venture with ARA - Avanti Rx Analytics Inc. ("ARA") in a newly-formed subsidiary entity called ADC Biomedical Corp ("BIO"), the equity of which will be owned 4% and 96% by ARA and ADC, respectively. Previously, the Company had announced a memorandum of understanding with ARA with respect to strategic collaboration between the two companies. This announcement is an extension of that previously-announced collaboration. It is the intention of the joint venture for BIO to be the preferred [...]