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KELOWNA, British Columbia, Dec. 16, 2020 (GLOBE NEWSWIRE) Allied Corp
. ( Allied ) (OTCQB:ALID) – an international medical cannabis company focused on creating and providing targeted cannabinoid health solutions to address today s medical issues is pleased to announce the approval of its wholly owned subsidiary SECFAC Exchange Corporation (dba Allied Corp Pharmaceuticals ( Allied Pharma )) as an Eligible Business Corporation (EBC) in British Columbia (BC), Canada. This program allows BC investors who purchase shares in Allied Pharma to obtain an immediate 30% tax credit on their investment if they invest through a registered EBC. As an example, an investor making a $100,000 investment in Allied would receive a $30,000 tax credit, thereby providing an immediate return on their original investment. A BC accredited individual investor may invest an annual maximum of $400,000. The investment is RRSP and TFSA eligible. There is no investment limit to BC corporate investors