Cannasat Therapeutics Inc. Announces Closing of Private Placement

TORONTO, ONTARIO--(Marketwire - March 18, 2008) - Cannasat Therapeutics Inc. (TSX VENTURE: CTH) (“Cannasat”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) of units (“Units”) effective March 14, 2008.