LONDON, October 1, 2018 /PRNewswire/ --

Mark this date down: October 17th. That's the day that Canada fully legalizes recreational cannabis. And that's also the date that the best kept story in the cannabis sector could be revealed. Mentioned in today's commentary includes: Intrexon Corp XON, GW Pharmaceuticals Plc. GWPH, Canopy Growth TWMJF, iAnthus Capital Holdings, Inc. ITHUF, Village Farms International, Inc. VFFIF.

A team that has already built two cannabis companies to a $340 million and $5 billion valuation. But now, they are involved with something that could become much bigger... Scythian Biosciences (SCYB, SCCYF)

First, Scythian has just closed an incredible $278 million deal with Aphria, the third-largest cannabis company in the world. Aphria saw the potential in Scythian's 'cannabis incubator' investment plans and agreed to sell $193 million in stock to them... and today - as they close the deal - that same stock is now worth nearly $278,000,000. That's a $85 million windfall for Scythian... a 44 percent ROI. And that's only one deal of many.

Scythian Biosciences' story could blow the lid off the cannabis market. It's already one of the biggest investment trends of 2018. Canada is instituting full legalization on October 17, and the Scythian story is unlikely to stay off the radar for long when that happens.

Here are five things you need to know about Scythian...

#1 The Crucial Time is Now Because Canada Legalizes Recreational Cannabis on October 17th 

For decades, marijuana was off the grid: an estimated $53 billion American market^[i] for an illegal substance without any kind of legitimate investment footprint. Now, that's changing. Canada is on the verge of instituting full recreational legalization.

It's all over the news, and it's caused a huge spike in investor interest in the cannabis sector... and it will probably only get bigger in the run up to October 17^th. But what most people don't know is that the marijuana sector isn't getting its backing from Wall Street, which struggles to nail down the value of the legal cannabis market while illicit growers are still in the game.

Instead, funding is coming from publicly traded companies acting as incubators for promising cannabis ventures worldwide. And Scythian Biosciences (SCYB, SCCYF) is the top incubator that anyone can invest in through their brokerage account.

So, Scythian stock gives investors access to a huge potential upside normally reserved for Venture Capital by offering the rare opportunity to buy into dozens of companies before they hit the big time. And that's opened up a big opportunity for investors to consider Scythian's value in comparison to cannabis high flyers before October 17^th.

#2 A $57 Billion Opportunity in Cannabis By 2027 

Scythian Biosciences (SCYB, SCCYF) is an international incubator of cannabis assets. That makes it unique: most pot stocks, such as Aphria and Canopy Growth, focus on cultivation, production and marketing in one country.

Calculating an upside in those kinds of companies is relatively straightforward, and in the case of Canopy most of the growth has already been realized. The most bullish estimate by British firm Bryan, Garnier & Co. has legal pot sales reaching $140 billion by 2027.

Any one of Scythian's assets could explode on to the scene, especially at a time when cannabis laws are changing all over the world at rapid speeds. Scythian looks to invest in dozens of assets at an early stage, but it only needs one asset to make it big to realize upside from the expected $57 billion or bigger global cannabis market.

More importantly, it has allowed early-in investors to get in on the high-upside "early" investments normally reserved for Wall Street and Silicon Valley.

#3 Incubating Dozens of Cannabis Companies of the Future 

Scythian (SCYB, SCCYF) is a unique investment. Its "first mover" approach is to identify ideal assets in undeveloped markets and incubate them for maximum profitability.

In Latin America... Scythian established relationships with "cultivation hubs", in a market which has over 600 million people, all potential pot customers.

In North America, 90 percent of the pot market remains illegal… and yet the market still generates more than $9 billion a year according to ArcView Market Research. Legalization will let Scythian tap that market and get around behemoths like Canopy Growth Corp.

#4 Management Team:

The executive team leading Scythian Biosciences (SCYB, SCCYF) has been at the forefront of the biggest success stories in cannabis.

They were involved in Aphria, a cannabis giant that exploded into a $5 billion company. They are also some of the leading business figures in the European cannabis industry. But now they're setting their sights on the high-upside incubator business. And Scythian's world-class team is poised to take advantage of a colossal new opportunity, one that could be worth hundreds of millions of dollars.

#5 Deal Closed, October 17^th Approaching Fast 

This deal between Aphria and Scythian Biosciences just closed, so the market is still catching up to the news. Here's what happened: Aphria chose to buy into Scythian, pumping it full of fresh capital for its incubation projects.

In July, Aphria announced plans to buy into Scythian, hoping to acquire a number of Scythian's Latin America and Caribbean assets for $193 million payable mainly in Aphria stock. Now, that Aphria stock position is worth more: $278 million on last count, an increase of 35 percent at the time of writing.

Since announcing the news, Scythian's stock has been climbing. But this isn't the only deal Scythian's working on. They have dozens of deals in the "incubator" pipeline... that Scythian plans to invest in, incubate and bring to maturity and better valuations.

Expect the market to start paying attention after recreational marijuana is sold legally in Canada on October 17^th. And Scythian Biosciences (SCYB, SCCYF) is well positioned to embrace the benefits/

Other companies looking to shake up the cannabis market:

Intrexon Corp XON is a leader in the bio-tech field. The company's biologically-based products and processes are some of the most interesting and important revelations in the medical industry. Designing, building, and regulating gene programs, the company's technological advancements are ahead of most.

Additionally, Intrexon is dipping its toes into the cannabis sector with new advances in the production of medical cannabis. Harnessing its bio-tech, the company plans to optimize lesser utilized cannabinoids that may be commercialized as legalization spreads.

GW Pharmaceuticals Plc. GWPH has been especially important for the U.S. cannabis industry, as the first company to gain FDA approval for a plant-derived cannabinoid prescription medicine.

The company's cannabidiol product Epidiolex was approved for public medical use in June and is expected to launch in the U.S. this autumn. Its cannabidiol products could reach up to 2.2 million patients with epilepsy in the U.S. alone.

Canopy Growth TWMJF was the first cannabis organization to surpass the $1 billion market cap level, and it is one of the biggest names in the industry. When the upcoming cannabis legislation is passed in Canada, a jump in stock price here is near-inevitable.

Recently, Canopy shareholders even approved a $5 billion investment from beverage giant Constellation Brands. The move could lead to a breakthrough in mainstream markets and more awareness in the cannabis space overall.

iAnthus Capital Holdings ITHUF iAnthus is a U.S. based cannabis company listed in Canada. The company has recently taken an interest in cannabis-based businesses in four U.S. states. While uncertainty about changing regulation has kept many companies from investing in U.S. cannabis, in Q3 2017, the Trump administration reaffirmed the Cole Memorandum which allows states to legalize marijuana and precludes the federal government from pursuing action against operators in compliance with state cannabis regulations.

In a recent release, iAnthus highlighted plans to cultivate and expand its marijuana dispensary plans. "As we prepare to open the first of our Florida dispensaries, we have made significant investments to upgrade our Lake Wales cultivation facility to quickly scale production and meet the expected demand," said Carlos Perea, CEO at iAnthus.

Village Farms International VFFIF is a broad agriculture company that specializes in greenhouse cultivation of various products, from tomatoes to cucumbers and peppers. It is also one of the first greenhouse growers to join the U.S. Hemp Roundtable.

In Village Farms' move to diversify, it is looking at hemp as a possible sustainable alternative for many other products. Stephen C. Ruffini, CFO of the company noted, "Village Farms has been at the leading edge of new agricultural opportunities that can more profitably leverage our decades of experience as a vertically integrated greenhouse grower coupled with the scale and excellence of our North America greenhouse operations."

By. Ian Jenkins

i. **IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Notice for Forward-Looking Information

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such forward-looking information includes that investor interest in the cannabis sector will continue to grow to October 17, 2018 and beyond; that cannabis use and sales will grow as currently predicted; Scythian Biosciences' intended acquisition of various foreign companies and expansion into the US market; that the Aphria stock owned by Scythian Biosciences will retain its current value and that Scythian Biosciences can realize a profit on its sale; Scythian Biosciences' plans to incubate projects in various locations throughout the world; that it could be granted licensable patents; that Scythian Biosciences will get an exclusive cannabis distribution license in Florida; and that it will be able to carry out its business plans.

Readers are cautioned to not place undue reliance on forward-looking information. Forward looking information is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from those contemplated in the forward-looking information, and even if such actual results or events are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Scythian Biosciences. Such risks and uncertainties include, among other things: that a regulatory approval that may be required for the intended acquisitions and subsequent sales are not obtained or are obtained subject to conditions that are not anticipated; growing competition for intended acquisitions in the cannabis industry; potential future competition in the markets Scythian Biosciences operates for sales; competitors may quickly enter the industry; general economic conditions in the US, Canada and globally; the inability to secure financing necessary to carry out its business plans; competition for, among other things, capital and skilled personnel; the possibility that government policies or laws may not permit legal cannabis sales or growth or that favorable laws in place may change; Scythian Biosciences not adequately protecting its intellectual property; interruption or failure of information technology systems; the cannabis market may not grow as expected; Scythian Biosciences' technology may not achieve the expected results and its accomplishments may be limited; Florida may not grant to Scythian Biosciences an exclusive cannabis medical license; even if it is granted the Florida license, Scythian Biosciences' may not be able to profitably use it; Scythian Biosciences' business plan also carries risk, including its ability to comply with all applicable governmental regulations in a highly regulated business; incubator risk investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US federal laws; and regulatory risks relating to Scythian Biosciences' business, financings and strategic acquisitions.

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