Evergreen Pacific Insurance Corporation to Acquire Majority Interest in Synergy Health Services

TORONTO, July 5, 2018 /CNW/ - Evergreen Pacific Insurance Corporation ("EPIC"), announces it has signed a binding agreement to acquire a majority interest in Synergy Health Services ("Synergy"), subject to completion of customary due diligence.

Synergy Health Services Inc. est. 2012, owns and operates multi-disciplinary wellness centres in Ontario, Canada, which provide evidence-based natural healthcare to clients, combining traditional medical pain management with allied health services.

Robert Wilson, CEO of Evergreen Pacific Insurance Corporation, commented, "Synergy Health Service's care philosophy is aligned with EPIC's focus on improved patient outcomes. We plan to combine our innovative insurance products and other patient-focused resources to improve client experiences."

Mr. Wilson continued, "The addition of Synergy to the EPIC family of companies incorporates complementary and alternative health leadership including the clinical application of natural pain solutions and cannabinoid therapeutics. Dr. Ira Price, the founder of Synergy Health Services, is a recognized leader in the development of protocols for the clinical application of cannabinoids."

On June 14, EPIC subsidiary Markers Insurance announced it will introduce Canada's first guaranteed issue insurance product for individuals providing coverage for medical cannabis prescriptions.

Mr. Wilson commented, "Similar to the way dentists are reimbursed by dental care insurers, licensed medical cannabis producers will be paid directly by the insurer and patients will never be out of pocket for the cost of their prescriptions. The policies we offer will be customized to each insured's actual requirements with no caps or restrictions based on pre-existing conditions."

Dr. Price commented, "Synergy Health Services is excited to become a member of the EPIC family. Ultimately, this is all about the patient, and ensuring patients have the information, resources, access to medical practitioners, and the health and wellness products and services they need. Synergy has long believed that insurance coverage for patients seeking natural care treatment options will be a game changer."

Dr. Ira Price MD, FRCPC is an Assistant Clinical Professor in the Division of Emergency Medicine through the Department of Internal Medicine at McMaster University. He is a Fellow of the Royal College of Physicians and Surgeons trained in Emergency Medicine, with a Fellowship in Sports Medicine.

About EPIC

Evergreen Pacific Insurance Corporation Ltd. is a financial-services holding company. EPIC owns, operates, and invests in businesses involved in designing, developing and distributing highly innovative insurance products and risk management solutions.  www.evergreenpacific.ca

About Synergy Health Services

Synergy Health Services operates two multidisciplinary Wellness Centres that provide evidence based natural health care to clients seeking to change or improve their lives.  Synergy combines traditional medical pain management with physiotherapy, yoga, massage and nutrition.  www.synergyhealthservices.ca

The information contained in this news release is provided for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Evergreen Pacific Insurance Company Ltd. (EPIC) or other related entities. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this news release are provided for information purposes only. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this news release. Except for statements of historical fact, this news release may contain certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. This news release does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person as defined in Regulation S under the United States Securities Act of 1933 (as amended the "Securities Act"), or in any other jurisdiction in which such an offer would be illegal. Evergreen's shares have not been and will not be registered under the Securities Act.

SOURCE Evergreen Pacific Insurance Corporation