Vancouver, B.C. – TheNewswire – September 1, 2020 – Geyser Brands Inc. (TSXV:GYSR) (“Geyser Brands“ or the “Company“) announces that, as a result of the COVID-19 pandemic, it anticipates a delay in the filings of its interim financial statements for the quarter ended June 30, 2020 (the “Financial Statements“), and accompanying management’s discussion and analysis (“MD&A“), and related CEO and CFO certifications (the “Certifications“, together with the Financial Statements and the MD&A, the “Interim Filings“).
The Company will be relying on BC Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period of June 2 to August 31, 2020 (“BCI 51-517“) enacted by the British Columbia Securities Commission and Alberta Instrument 51 – 519 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“AI 51-519“) enacted by the Alberta Securities Commission which provides relief consisting of a 45-day extension for certain regulatory filings required to be made during the period June 2, 2020 to August 31, 2020. The Company will be relying on the temporary exemptions pursuant to BC 51-517 and AI 51-519 with respect to the following provisions:
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– the requirement to file the Financial Statements on or before the 60th day after its interim period-end as required by subsection 4.4(b) of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102“);
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– the requirement to file the MD&A on or before the earlier of the 60th day after its interim period-end and the date the Financial Statements are filed as required by subsection 5.1(2) of NI 51-102; and
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– the requirement to file the Certifications pursuant to Section 4.1 of National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings.
The Company is continuing to work diligently on the finalization of the Interim Filings and estimates that it will file the Interim Filings on or before October 13, 2020. In connection with utilizing the temporary relief and extensions for issuers provided pursuant to BCI 51-517 and AI 51-519, the Company confirms that, until such time as the Interim Filings have been filed, the Company’s management and other insiders are subject to an insider trading black-out that reflects the principles of Section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
Other than as disclosed herein or as previously disclosed by the Company, there have been no material business developments since the date of the Company’s most recent filing of its interim filings and accompanying management discussions and analysis.
Geyser Brands Inc. builds brands in the health and wellness space that focus on the benefits of cannabis to improve lives. Its Health Canada approved Licensed Production facility has cultivation, processing, research and sales licenses, allowing it to deliver proprietary delivery technologies, formulations, research partnerships and traceability in supply and distribution. Through its pet-based platform, GMI has positioned itself as potentially the only Licensed Cannabis Producer dedicated to the global pet industry. Geyser continues to own and exploit its non-pet brands, including Apothecary Naturals, Apothecary Ink and STOND which providing consumers with hemp and plant based natural products.
For more information, visit the company’s website at geyserbrands.com.
On Behalf of the Board of Directors
“Andrew Harris“
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Andrew Harris
Director and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
This news release contains forward–looking statements and forward–looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Forward–looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward–looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information relating to Geyser is available at www.sedar.com.
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