Mantra Pharma Inc.

A Spin-Co: (Completed Pursuant To A Plan of Arrangement by AsiaBaseMetals Inc.)

Mantra Pharma Inc. ("Mantra Pharma" and/or the "Company") is focused in the Cannabis sector [focus - European Union ("EU")], the Largest Cannabis Market in Western Cultures. The Company is led by an accomplished, successful, and entrepreneurial business team operating under high standards of business conduct to build shareholder value.

The Company is advancing its pursuit of a Medical-Cannabis-Permit in Croatia (as outlined below under the heading Corporate Information & Operations - Company Operations); prudently, as it reviews other opportunities in the Cannabis sector; globally, but only in jurisdictions having full federal national government compliance. [(Fully Federally (Nationally) Sanctioned Jurisdictions - Similar-to / Like Canada).


NOTE: The Video: Link: [Discussion on Cannabis Sector (Kramer)], provides a great perspective of how the sector started, looking back of course. The Video allows for a better understanding of the Cannbis Sector, through hind-sight of course, and the sector's recent journey; providing guidance and the ability to anticipate and forecast the sector's upcoming journey; the right time and the ideal market to enter the sector,



"BUILDING & ENHANCING SHAREHOLDER VALUE"


Current Project(s)

The Company is pursuing a Medical-Cannabis-Permit in Croatia. The Company is party to a cooperation agreement (the "Cooperation Agreement"), subject to the Company's confidentiality obligations, with a city (the "City") within Croatia, a member country (the "Country" and/or "Croatia") of the European Union ("EU") under conditions set forth by the law of the Country, to obtain relevant licences for growing and selling cannabis for medical purposes ("Medical-Cannabis-Permit"), as well as to obtain a licence for growing, processing and sale of cannabis for commercial purposes including recreational purposes ("Recreational-Cannabis-Permit") when and if this becomes permitted by law in the Country. The Country of Croatia has legalized Cannabis for limited medical use (2015) and decriminalized it for personal use (2013) - (see further details provided below under section - Corporate Information & Operations - Company Operations).

Latest News:

Sep 2, 2010 ` Asiabasemetals, Mantra Exploration, Mantra Pharma And Mantra 2 Real Estate Annouce Closing Of Spin-Out Transaction


A Two-Decade & Three Generation History


Our History

The Company became a independent publicly reporting company effective Sep 1, 2020 upon completion of a court approved statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement") undertaken and executed by AsiaBaseMetals Inc.(Trading Symbol: TSX.V: ABZ). (see News Release - Sep 2, 2020).

In accordance with the Plan of Arrangement, among other things:

  1. the Company acquired certain cannabis interests in the Republic of Croatia; and
  2. in consideration of the foregoing, the shareholders of AsiaBaseMetals Inc., as of the record date, received one common share in the capital of Mantra Pharma Inc. for each share of AsiaBaseMetals Inc. held on the record date. As a result, Mantra Pharma ceased to be wholly owned subsidiary of AsiaBaseMetals Inc., as of the record date, and the shareholders of AsiaBaseMetals Inc. also became shareholders of Mantra Pharma Inc., on a 1 share for 1 share basis.

“This journey started with a Capital Pool Company, and through two spin-out transactions the original shareholders have now been delivered a third generation of companies; at no additional cost. Along this journey the original ABZ Shareholders have participated in a recently permitted copper project (Sandfire Resources America Inc. – market cap approx. $200m), an exciting Cobalt/Zinc. exploration project adjacent to an established Zinc deposit (AsiaBaseMetals Inc. - market cap approx. $17m) and now as the third generation Mantra 2 Real erstate Inc., Mantra Pharma Inc., and Mantra Exploration Inc. on a 1 share for 1 share basis." stated Raj Chowdhry, CEO


A SUCCESSFUL & EXPERIENCED TEAM
DISCOVERING & ACQUIRING
VALUE-DRIVEN ASSETS


Rajinder (Raj) Chowdhry, CPA, CA.

Director

Rajinder (Raj) Chowdhry, CPA, CA.

Mr. Chowdhry, the founder, Chairman and Chief Executive Officer of Futura Capital Limited., a private venture capital company, has invested in and raised funds for various projects around the world. Mr. Chowdhry, currently a director of various publicly listed companies, has over 35 years' experience in the capital markets; being the founder, chairman, director, chief executive officer and president of several public companies trading on global Stock Exchanges including Stock Exchanges in the United States and Canada.

Mr. Chowdhry was one of the founding directors of America Mineral Fields Inc. [(Copper mining/production) -- name changed to Adastra Minerals Inc. and acquired in 2006 by First Quantum Minerals Ltd.]. Mr. Chowdhry was also the founding director, Chairman and CEO of International Thunderbird Gaming Inc. (Casino Gaming operations), Axion Communications Inc. (Internet operations), Sandfire Resources America Inc. [(Black Buutte Copper Project - Final Mine Operating Permit Granted) (prior to name change: Tintina Resources Inc.)], SolidusGold Inc. (Gold exploration), Camphor Ventures Inc. (Diamond exploration & mining/production), and a director of Mountain Province Diamonds Inc. (Diamond exploration & mining/production). Camphor and Mountain Province entered in to a business combination in 2007 to unify their existing joint venture with De Beers Canada, leading to commencement of diamond production in Canada in 2016.

Mr. Chowdhry, a Chartered Professional Accountant (CPA, CA) received a Bachelor of Commerce (B. Comm.) degree from The University of British Columbia ("UBC"), Canada, and his designation as a Chartered Accountant (CA) from the Institute of Chartered Accountants of British Columbia, Canada. He is also a charter member of the Vancouver chapter of The INDUS Entrepreneurs (TIE).

Henry Park

Director

Henry Park

Mr. Park, the Chief Investment Officer of Foundation Capital, was formerly a partner at Vulcan Mining, a mining private equity investment platform of Soros Fund Management. Prior to Vulcan Mining, Mr. Park held the position of managing director and commodity strategist at Electrum Group; after being for several years, the commodity analyst at Soros Fund Management where he focused on commodity investing in public and private equities and futures. Henry started his investing career at GE Capital where he was Assistant Vice President in the distressed debt business, followed by a long/short equity analyst in basic material sector for Highlander Fund Management (part of Ospraie Fund Management's Wingspan platform). Henry holds a Bachelor of Arts degree in Economics from University of Chicago and Master of Business Administration degree from Columbia University.

Terrylene (Terry) Penstock

Director

Terrylene Penstock

Terry Penstock has over 20 years of experience in the finance and securities industry. Terry started in finance, in the investment and insurance business, as a licensed insurance broker (1995-1998) going on to achieve an agency license with Northwest Life & iA Industrial Alliance Pacific Life. Terry focuses on entrepreneurial business development and finance. Having worked both with private and public companies, from the formation of business plans through to execution of financing and going public, she has guided the process of financial structuring, venture capital and public relations in the mining, bio-tech and technology sectors.

Ms. Penstock a founder and director of various publicly listed companies, all listed on the TSX Venture Exchange, is a co-founder and former director of Tintina Resources Inc.

Ionnis (Yannis) Tsitos

Director

Ioannis (Yannis) Tsitos

Mr. Tsitos, originally trained as a physicist-geophysicist, having over 27-year experience in the mining industry; 19 years with BHP Billiton group prior to his departure in December 2007 from his position as New Business Manager for Minerals Exploration with a global reach, has lived and worked in South Africa, Ecuador, Greece, United Kingdom and Canada. In addition to having been part of two discovery teams with BHP Billiton in porphyry-copper and nickel-sulphide deposits, he has been instrumental in the identification, negotiation and execution of more than 50 exploration agreements with juniors, majors, as well as with state exploration and mining companies.

Josko Vukic

Advisory Board Member

Joško Vukić

Mr. Vukićc, an entrepreneur with over 25 years of hands-on experience in business, in Canada and Croatia/Europe, in both the construction and agriculture industries currently manages and operates his two successful construction companies in Vancouver and the Lower mainland, British Columbia, Canada. Mr. Vukić also continues to focus on his land holdings and agricultural business activities in Croatia, a member country of the European union ("EU"). A native of Croatia, Mr. Vukić has strong economic and political relationships within Croatia, especially in the agriculture, medical/health and security industry sectors, both at the regional and national levels. Mr. Vukić has in-depth knowledge and understanding of both the civic and national governing bodies of Croatia. Mr. Vukić, prior to immigrating to Canada in 2004, was also a Croatian military employee in special forces under NATO from 1996 through to 2014. Mr. Vukić, co-founded an educational enterprise "Tulipan" a non-profit pre-school educational Centre within Croatia to give back to the community of his origin.

Kashmir (Kash) Heed

Advisory Board member

Mr. Kashmir (Kash) Heed

Mr. Kashmir Heed is a businessman, public policy advisor, and a former Canadian politician, who was elected to the British Columbia Legislative Assembly (2009 to 2013). Kash was appointed the Minister of Public Safety and Solicitor General (2009 to 2010). Prior to entering politics, Mr. Heed had a distinguished law enforcement career spanning over 31 years. He was the Chief Constable of the West Vancouver Police Department (2007 to 2009) and Superintendent of the Vancouver Police Department where he held several high-profile command positions over the years. Mr. Heed holds a Master of Arts degree from the School of Criminology (2005) and a Bachelor of General Studies degree in the field of Leadership in Public Safety (2001) from Simon Fraser University (SFU).


Corporate Information & Operations


Corporate Information

Common Shares
- (Issued & Outstanding: Sep 1, 2020)

43,224,651

Stock Options
- (Outstanding: Sep 1, 2020)

- NIL -

Warrants
- (Outstanding: Sep 1, 2020)

- NIL -

Reporting Status:
- (Sep 1, 2020)

Publicly Reporting Company
(British Columbia, Canada)

Contact Information:
- (E-Mail Address):

RChowdhry@FuturaCapitalLtd.com

Company Operations

The Company has commenced the process to incorporate/acquire Mantra Pharma Europe Ltd. ("Mantra Pharma Europe" and/or the "Subsidiary"), a subsidiary in Croatia to undertake it's business activities in the medical cannabis sector having secured an office in the fully permitted building recently completed in the city of Biograd na Moru in Dalmatia, Croatia, where-in a laboratory is being built by the City. The Croatian government is moving ahead with finalizing regulations for the medical cannabis sector and we anticipate that Croatia will be in a position to grant licenses by the end of the year.

The Company is party to a cooperation agreement (the "Cooperation Agreement"), subject to the Company's confidentiality obligations, with a city (the "City") within Croatia, a member country (the "Country" and/or "Croatia") of the European Union ("EU") under conditions set forth by the law of the Country, to obtain relevant licences for growing and selling cannabis for medical purposes ("Medical-Cannabis-Permit"), as well as to obtain a licence for growing, processing and sale of cannabis for commercial purposes including recreational purposes ("Recreational-Cannabis-Permit") when and if this becomes permitted by law in the Country. The Country of Croatia has legalized Cannabis for limited medical use (2015) and decriminalized it for personal use (2013).


Market: Europe 740 M (EU - 512 M) People
(Largest Cannabis Market - in the Western Culture)


European-Union-Map-and-Countries-730x563.png

The Agreement provides that the City, as a unit of local self-government, will provide support to Mantra Pharma Inc. (original agreement signed with AsiaBaseMetals Inc. prior to completion of Spin-Out) to Mantra Pharma Inc. by submitting the licence application for the Medical-Cannabis Permit through a limited company to be initially held 100% by the City ("City-New-Sub-Co-Ltd."). Once City-New-Sub-Co-Ltd. obtains a Medical-Cannabis-Permit the City will transfer shares of City-New-Sub-Co-Ltd. to Mantra Pharma Inc., whereby Mantra Pharma Inc. shall become 100% owner or majority owner of City-New-Sub-Co-Ltd., allowing the City to retain a minority interest (see AsiaBaseMetals Inc.'s news release - June 19, 2019 & news release June 26, 2019).

"It is interesting to note that in the cannabis sector, the largest market within western cultures is represented by Europe, having an approximate population of 740 million people (with EU representing approximately 512 million), when compared to North America having an approximate population of 589 million (with USA representing approximately 327 million). The Country has already passed legislation for growing and selling cannabis for medical consumption (2015) and is awaiting the required regulations for full implementation. The Country, especially within the City region, has one of the best climates and agricultural conditions within the EU. The region has advanced experience in both outdoor and greenhouse cultivation of products including tomatoes, carrots, asparagus, other vegetables and vegetation. Further, City is a coastal city that has access to freeways/highways, international airports, ports, marinas, power, and all other essential required infrastructure to service agriculture, industry and tourism. The Country hosted approximately 20 million tourist/business visitors in 2018, who came to the Country to enjoy its rich history, culture, people, cuisines & wines, extensive coastline (mainland having over 1,700 km of coastline and islands having over 4,000 km of coastline), beaches, leisure activities and recreation. If fully implemented, this opportunity is expected to provide AsiaBaseMetals Inc. a true first mover advantage in the EU. The Company is continuing to consider additional opportunities and acquisitions in the cannabis sector only in fully legal jurisdictions." stated Raj Chowdhry, CEO.

"Further, pursuant to the Company's cooperation agreement (the "Cooperation Agreement") with the City in Croatia (News Release - June 19, 2019), the City having received clearance from the national government to incorporate City-New-Sub-Co-Ltd for applications of Medical-Cannabis-Permit, the City anticipates that City-New-Sub-Co-Ltd will be incorporated and be able to start business soon, likely around November 30, 2020; allowing for delays likely to be caused by the COVID-19 Outbreak. The City has informed the Company that it has commenced the construction of a 3,000 square foot (Sq-Ft) laboratory (the "Lab") within a new 25,000 Sq-Ft building (the "Building") recently completed for occupancy in anticipation of the completion of incorporation of City-New-Sub-Co-Ltd. The Lab, pursuant to an update from the City, is now now 80% completed.(News Release - February 20, 2020)." stated Raj Chowdhry, CEO.

"This timing of this progress comes at a very opportune time for the Company, since the EU is addressing issues in this sector, especially as they pertain to "Novel Foods' as defined by the EU. Pursuant to the EU's Novelty Foods policy, virtually all CBD products sold within the EU, in my judgement, do not comply with the laws, generally speaking: as they require new levels of permitting. This shift in EU's views and its upcoming actions effectively truely provides our Company a first mover advantage; especially with Croatia finally implementing its 2015 decision to facilitate its validly existing laws by finally drafting/fianizing the regulations in the Cannabis sector; especially with a bill being introduced to possibly legalize recreational use in the Country. You can well imagine, the opportunities in the Cannabis sector in the EU. Europe being the largest up and coming western-culture cannabis market in the world (population of 740 million people, with EU representing approximately 512 million)," stated Raj Chowdhry, CEO.

The Cannabis Sector

The Agreement is a result of the Company's review of the cannabis sector and markets and subsequent efforts to identify, pursue and implement opportunities in Europe which is the largest up and coming cannabis market in the world.

"As previously stated, having returned from the last trip to Europe (Jan 29, 2020) accompanied by key members of the team, and now continuing to have on-going dialouge, inspite of the difficulties being caused by the coronavirus outbreak (the "COVID-19 Outbreak") and the relevntly recent severe earhquake in Zagreb (capital city) of Croatia (the "Earthquake": 5.3 magnitude - strongest in 140 years), I'm pleased to inform you that the Company's endeavors into the Cannabis sector entry into the EU, commencing in Croatia, are proceeding well. Croatia, subject to possible delays currently being caused by the COVID-19 Outbreak and the Earthquake, is anticipated to finalize the drafting and passing of the necessary regulations pertaining to medical cannabis by the end of 2020.(previously anticipated by September 30, 2020); with Croatia having already previously passed legislation for growing and selling cannabis for medical consumption (2015) and now awaiting the completion of the required regulations (the “Regulations”) for full implementation." stated Raj Chowdhry, CEO.

"Further, pursuant to the Company's cooperation agreement (the "Cooperation Agreement") with the City in Croatia (News Release - June 19, 2019), the City having received clearance from the national government to incorporate City-New-Sub-Co-Ltd for applications of Medical-Cannabis-Permit, the City anticipates that City-New-Sub-Co-Ltd will be incorporated and be able to start business soon, likely around November 30, 2020; allowing for delays likely to be caused by the COVID-19 Outbreak. The City has informed the Company that it has commenced the construction of a 3,000 square foot (Sq-Ft) laboratory (the "Lab") within a new 25,000 Sq-Ft building (the "Building") recently completed for occupancy in anticipation of the completion of incorporation of City-New-Sub-Co-Ltd. The Lab, pursuant to an update from the City, is now now 80% completed.(News Release - February 20, 2020)." stated Raj Chowdhry, CEO.

"This timing of the progress in the Cannabis sector noted above comes at a very opportune time for the Company, since the EU is addressing issues in this, the Cannabis/CBD sector, especially as they pertain to "Novel Foods' as defined by the EU. Pursuant to the EU's Novelty Foods policy, virtually all CBD products sold within the EU, will require new levels of permitting. This shift in EU's views and its upcoming actions effectively truly provides our Company a first mover advantage; especially with Croatia finally implementing its 2015 decision to facilitate its validly existing laws by finally drafting/finalizing the regulations in the Cannabis sector; especially with a bill reportedly being introduced to possibly legalize recreational use in the Country. You can well imagine, the opportunities in the Cannabis sector in the EU, with Europe being the largest up and coming western-culture cannabis market in the world (population of 740 million people, with EU representing approximately 512 million)," stated Raj Chowdhry, CEO.

Note: "Qualified Person" information is provided, as required by regulatory authorities, in the "Disclaimer" section of this website under the heading "Technical Information". (Click Here To Read Full Disclaimer - Covering All Content & Statements Above)


Resources LIbrary
Select an item below to visit content


CANNABIS - USE, LEGALITY & HISTORY

- Cannabis - Drug (Wikipedia)

- Legality of Cannabis - Global by Country (Wikipedia)

- Medical Cannabis (Wikipedia)

- 6,000 Year History of Medical Cannabis (Visual Capitalist)

- Nations going to pot; where cannabis is legal & where it isn't (Financial Post)

CANNABIS - CULTIVATION & PRODUCTION

- Cannabis Cultivation - Factors to Consider (Wikipedia)

- Which is better: Indoor or outdoor grown marijuana (The TweedBlock)

CANNABIS SECTOR/INDUSTRY - GLOBAL

- Global Cannabis Industry - Market US$150 billion today; Barklay's projects an increase to US$272 billion by 2028 (the Green Fund)

- Annual Cannabis use by country (Wikipedia)

- Best countires around the world to smoke weed (ThrilList)

- Cannabis producers could be chasing global market worth $194 Billion in 7 years - BMO Report (Financil Post)

- Medical Cannabis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019 - 2024 (imarc)

- Cannabis Tax Revenue: Cannabis a Tax Bonananza for states - in the USA (Forbes)

- Big Pharma takeover of Medical Cannabis (Virtual Capitalist)

- Visualizing the Boom in CBD Beverage Market (Visual Capitalist)

- 2018 Cannabis Investment Report - Global Cannabis Consumers (Ackrell Capital) - (PDF File - Full Report Stored @ Squarespace.com)

- Just How Big Will the Marijuana Market Be? (The Motley Fool)

- Legal Marijuana Market Size, Share & Trends Ananlysis Report By Type (Medical Cannabis, Recreational Cannabis), By Product Type, By Medical Applications (Cancer, Mental Disorders), And Segment Forecasts, 20219 - 2025 (Grand Viewe Research)

- Global Cannabis Market could be worth up to US$ 130 Billion by 2029 (BNN Bloomburg)

- Modeling the Cost of Medical Cannabis (Deloite - Sep 23, 2016)

- Meical Cannabis - Economic Analysis (Deloite - May 2017)

CANNBIS SECTOR - EUROPE

- European Monitoring Centre for Drugs and Drug Addiction (European Monitoring Centre for Drugs and Drug Abuse - EMCDDA)

- Europe is on the verge of a cannabis boom (Europe Decides)

- Marijuana executives see European market booming in a few years (BNN Bloomberg)

- Cannabis production and markets in Europe (EMCDDA)

- Europe blooms to world's largest cannabis market (Consutancy Europe)

- Bankers are circling Europe's growing Cannabis market (Bloomberg)

- Visual Capitalis: European CBD Landscap in 2020

CANNABIS SECTOR - EU (EUROPEAN UNION)

- Cannabis Legisltation in Europe - an overview (European Monitoring Centre for Drugs and Drug Addiction - EMCDDA)

- Cannabis Policy: Status & Recent Developments (European Monitoring Centre for Drugs and Drug Abuse - EMCDDA)

- LUXEMBOURG

- Luxembourg (Wikipedia)

- Luxembourg - Information (Nations-Online - One World)

- Luxembourg to be first European country to legalise cannabis (The Guradian)

- CROATIA

- Croatia (Wikipedia)

- Cannabis is Croatia (Wikipedia)

- Croatia - Information (Nations-Online - One World)

- Government of Croatia (Wikipedia)

- List of members of Croatian Parliament 2016 Elections (Wikipedia)

- List of mayors in Croatia (Wikipedia)

- Drug use in Croatia 2019 (European Monitering Centre for Drugs and Drug Addiction - EMCDDA)

- Republic of Croatia - Ministry of Economy - Why Invest in Croatia (InvestCroatia.Gov)

- BELGIUM

- European Medical Cannabis Association (EUMCA)

CANNABIS SECTOR (AMERICA'S)

CANADA

- Canada (Wikipedia)

- Cannabis in Canada (Wikipedia)

- Cannabis Laws & Regulations (Government of Canada)

- Delote - Cannabis Report 2018

UNITED STATES OF AMERICA (USA)

- USA (United States of America) Wikipedia

- Cannabis in the United States (Wikipedia)

- California now has the biggest marijuana market in the world. The black market is even bigger (Los Aneles Times)

MEXICO

- Mexico (Wikipedia)

- Cannabis in Mexico (Wikipedia)

URUGUAY

- Uruguay (Wikipedia)

- Cannabis in Uruguay (Wikipedia)

PERU

- Peru (Wikipedia)

- Cannabis in Peru (Wikipedia)

COLOMBIA

- Colombia (Wikipedia)

- Cannabis in Colombia (Wikipedia)

BRAZIL

- Cannabis in Brazil (Wikipedia)

OTHER INFORMATION - CANNABIS - Stock Markets

- List of Marijuana Stocks - Market Capitalization (Marijuanastocks)

- Top 100 Cannabis stocks - Market Capitalization (CannBISmarketCap)

© 2020 AsiaBaseMetals Inc.
All rights reserved.
Disclaimer

Subscribe to our Email List