AREV Life Sciences Settles Pending Litigation with Harvey

VANCOUVER, BC – TheNewswire - December 09, 2021 - AREV Life Sciences Global Corp. AREV AREV AREVF ("AREV") is pleased to announce that it has reached a confidential settlement with Matthew Harvey, the vendor of the BC Bud Depot Assets, during a formal mediation prior to Trial.

The Company announced on January 31, 2020 that the Company had commenced litigation in the Supreme Court of British Columbia over the breaches of Agreement by the Defendant, Matthew Harvey, the vendor of the BC Bud Depot Assets. 

The Company is very pleased with the outcome of the mediation, but cannot disclose the details of the settlement as the Mediation process is confidential.

Mr. Withrow, stated "Although the details of the transaction must remain confidential, the Company is confident that it has achieved an excellent outcome for the Company and will be able to increase the shareholders' value given the assets which will be delivered to the Company". He went on to say, "We want to thank all those that worked diligently to make this happen.  We gained assets on behalf of the Company and its shareholders and also avoided a costly trial.  We consider this a win for the Company and its shareholders."

For further information, contact Mike Withrow, arevlifesciences@gmail.com 778-929-6536. For more information visit www.arevlifesciences.com.

On behalf of the Board,

Mike Withrow
CEO & Director

About AREV Life Sciences Global Corp.

AREV is an early-stage life science discovery enterprise dedicated to delivering solutions to public health through discovery, collaborations in the life science industry, and pathogen remediation. AREV is invested in commercial innovations in phytomedicinal discoveries of small molecule antivirals and for related neglected chronic co-morbidities and innovations human nutrition including the late-stage development of a Ready-to-Use Therapeutic Food (RUTF) for Severe Acute Malnutrition (SAM) and an Enteral Formula targeting the long-term effects of chronic infection. AREV is dedicated to designing and delivering innovation in rational drug design, driven by presenting global epidemiological characteristics of multiple challenges to international human and animal health. AREV is a member of both BIOTECanada and The Biotechnology Innovation Organization (BIO).

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