NASHVILLE, TN / ACCESSWIRE / May 24, 2021 / Thermic Science International Corporation, formerly known as Omnicanna Health Solutions, Inc. aka ENDOCAN CORP. (WKN: A1W61J) (ISIN:US29271J1097) (OTC PINK:ENDO), is pleased to announce that the company's financials have been completed internally and are expected to be filed in the next 30 days. Furthermore, it is through these filings the company is compliant with the OTC rule 15c2-11 and OTC Market reporting changes that goes into effect later this year.
The SEC's recent amendments overhaul the Rule's existing framework, with the goal of enhancing investor protection and deterring deception in the OTC market through transparent and timely reporting. The amended Rule, which will be applicable in September 2021, will require OTC-traded companies to make current disclosure publicly available in order to have a publicly quoted market. The Rule also streamlines the pathway to the public market for companies meeting their disclosure requirements and allows OTC Markets Group to play a greater role in bringing companies on our markets.
What is Rule 15c2-11?
First adopted nearly fifty years ago in 1971, long before the existence of electronic trading, Rule 15c2-11 was originally designed to deter fraudulent quoting activity by broker-dealers in OTC securities by requiring brokers to obtain and review specified information about the issuer before initiating a quoted market.
Robert Kane, CFO stated, "We support the SEC and their recent amendments. We have already been relentlessly working on our financials due to the recent merger with Cannabis Science and the share exchange. We expect to continue to be ahead of the game in all aspects of compliance going forward."
Thermic Heating Paint and Portable Thermic Heating Units
Paint any wall, ceiling or floor into an infrared heating panel! Large sized Infrared heaters on low temperature on walls and ceilings are the future. Thermic Paint provides the highest infrared heat radiation and lowest energy consumption.
Portable Thermic heating units are coming soon: Get ready for the revolutionary portable heating unit that can change your life, the environment and your pocketbook. Actually, Thermic Paint holds a world record: It's the Infrared heating system with the lowest consumption needed to heat with a constant temperature. Large sized Infrared heaters on low temperature on walls and ceilings are the future. More than 50% of the required heat load can be saved with an efficient layout and intelligent control of the infrared heating system.
Portable Thermic Self-Generating Electrical Power Units
Right on time for the changing living environments and sporadic and emergency energy consumption: Thermic self-generating electrical power units can generate power for a wide variety of applications and uses, including cars, houses, streetlights, retail stores, agriculture grow operations, backup and primary power for computer networks, portable thermic heating units, lighting, TV's, stereos and more. The Company is excited to release the first generation of self-generating electrical power units to the public.
Renewable Thermic Solid-State Ceramic Cu2+ Battery Power Units
Renewable Thermic Solid-State Batteries are a thing of the future, and they are here now! Imagine electric cars, houses, campsites, buildings, electric bikes, portable battery-operated toys, radios, flashlights - the list goes on and on. The future is here with Thermic renewable batteries. This game-changing technology will revolutionize your power consumption and usage.
Thermic Graphene Concrete
Concrete Thermic Mix for any type of concrete: 96% compressive strength increase, 56% heat capacity increase and 150% water permeability reduction.
Electroluminescent Coating System
Asia goes wild over electroluminescent paint, Japan being the biggest buyer as evidenced by the wide variety of uses and media coverage.
The LitCoat Airbrush Paint System, ideal for use on cars, motorcycles, or bicycles, allows users to airbrush on LitCoat electroluminescent paint for an even application and coverage on almost any coverage or material. This airbrush paint system works similarly to many other systems for airbrushing paint; however, it is specialized for the application of LitCoat's electroluminescent varieties.
Lighting surfaces improves visibility and can be lifesaving, especially on clothing, motorcycles, bicycles, cars and helmets. It provides also functional lighting, and aesthetic lighting.
- Automotive interior & exterior parts
- Technical textile
About Thermic Coating Systems
- Thermic Heating Paint Construction Applications (Current European market)
- Thermic Heating Paint Portable Units (First Goal; USA targeted distribution)
- Thermic Heating Fog Free Mirror and Basic Glass (USA & International release)
- Thermic Portable Self-Generating Electrical Power Units (USA & International release)
- Thermic Cu2+ Solid-State Ceramic Super Charge Renewable High‐Performance Battery Units (USA & International release)
- Thermic Agriculture (USA & International Agriculture Applications)
- Concrete Thermic Mix for any type of concrete 96% Compressive strength increase, 56% Heat capacity increase and 150% Water permeability reduction.
Revolutionary heating with the advanced Thermic technology, infrared thermic paint systems and so much more. North American expansions through manufacturing and job opportunities pushes the CSi-EDP to continue to flourish, while creating jobs, educating the public on new Thermic heating advanced technologies and the implementation of such advanced technology worldwide. Not only a revolutionary key to the environment and heating industry, the profound effects on the agriculture industry, home heating and appliance applications are overwhelming. The Thermic business & medical applications are immense and with some infrastructure integration for large- and small-scale construction, you are changing the environment to the favor of many. The individual Thermic unit applications target so many different industry applications; only your lack of imagination will stop the flow of viable applications.
Cannabis Science Inc. Acquisition:
(formerly Cannabis Science)
Thermic Science International has begun updating the financials and accounting, reporting and filings to complete the process to complete the acquisition and share exchange transaction with CSi-EDP. The name change process has begun, company structure changes are underway, company management changes are underway, and the CSi-EDP shareholder first rights are underway.
Somewhat similar to the Cannabis Science structure before it went private, all Cannabis Science shareholders are on track to receive what Cannabis Science had been planning all along.
- All shareholder notices on track to send out in the second quarter of 2021.
- All shareholder certificates will be confirmed through the transfer agent.
- All proposed share changes will be reclassified under the following structure changes: Preferred Shares (Voting Shares)Common Shares (Current Trading Shares)Common Class A (Cannabis Science New Shares)
About Thermic Science International (TSi)
Thermic Science International Corporation (OTC PINK: ENDO) has recently acquired Cannabis Science Inc., (CSi-EDP), Thermic Coating Systems Ltd. (UK), and now, Litcoat Electroluminescent Paint Systems. The Company has voted to change its name to Thermic Science International. The firm is being coined the newest North American Entrepreneurial SPAC. Targeting the creation of a very strong corporate conglomerate SPAC themed CSi-EDP & ldquo; Bringing it All Together & just as laid-out in the Harvard Award winning Cannabis Science CSi-EDP, as presented for the past four years in a row at the Harvard GHC Summit. A conglomerate SPAC Group designed to bring affordable and free education, traditional and entrepreneurial job creation, and cannabinoid drug development internationally.
About Omnicanna Health Solutions, Inc.
Omnicanna Health Solutions, Inc. is currently developing new natural hemp-based products based on innovative formulations to utilize the unique and potent benefits of the hemp plant. Medicinal properties of hemp have been known and applied for thousands of years. With the aid of scientific research, Omnicanna Health Solutions is translating such knowledge into development of effective hemp formulation-based health and wellness solutions as well as cosmeceutical, nutraceutical, and food brands throughout the world. The Company's health and wellness, nutritional, and cosmetics lines will address personal needs and will evolve with the introduction of new formulations and products, advancing the Company within the expanding multibillion-dollar global market.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs and products. The Company does not undertake any duty, nor does it intend to update the results of these forward-looking statements.
Raymond C. Dabney
President & CEO
SOURCE: Thermic Science International Corporation
View source version on accesswire.com: