VANCOUVER, May 25, 2020 /CNW/ - Harvest One Cannabis Inc.
("Harvest One" or the "Company") (TSX-V: HVT;
OTCQX: HRVOF) announces the postponement of filing its interim
consolidated financial statements, accompanying management's
discussion and analysis and related CEO and CFO certifications for
the three and nine months ended March 31, 2020 (the
"Interim Filings"), due to logistical delays and
circumstances caused by the COVID-19 pandemic. The Company is
relying on the British Columbia Securities Commission's BC
Instrument 51-515 – Temporary Exemption from Certain
Corporate Finance Requirements (the "Blanket
Order").
Under the Blanket Order, a person or company required to make
certain filings during the period from March 23,
2020 to June 1, 2020, as described in the Blanket Order,
is provided with an additional 45 days from the deadline otherwise
applicable under National Instrument 51-102 –
Continuous Disclosure Requirements ("NI 51-102")
to make such filings. Pursuant to the Blanket Order, the Company is
relying on the relief therein for the filing of its Interim Filings
as required by subsections 4.4(b) and 5.1(2) of NI 51-102 and
section 5.1 of National Instrument 52-109 – Certification of
Disclosure in Issuer's Annual and Interim Filings ("NI
52-109").
Until the Company has filed the required Interim Filings, all
management and other insiders are subject to the Company's share
trading and black-out policy that reflects the principles in
section 9 of National Policy 11-207 – Failure-to-File Cease
Trade Orders and Revocations in Multiple Jurisdictions.
Harvest One is continuing to work diligently and expeditiously
to prepare and finalize its Interim Filings. The Company estimates
that the Interim Filings required under NI 51-102 and NI 52-109
will be filed by June 30, 2020. The Company confirms that
since the filing of its last interim consolidated financial
statements on March 2, 2020, there have been no material
business developments required to be reported by the Company under
applicable securities laws and stock exchange requirements, other
than those that have already been publicly disclosed.
About Harvest One
Harvest One is a global cannabis company that develops and
provides innovative lifestyle and wellness products to consumers
and patients in regulated markets around the world. The Company's
range of lifestyle solutions is designed
to enhance quality of life. Shareholders have significant
exposure to a broad cannabis value chain through its wholly-owned
subsidiaries: United Greeneries, a Licensed
Producer; Satipharm (medical and nutraceutical); and
Dream Water Global, and Delivra (consumer); as well as a
controlling interest in Greenbelt Greenhouse. For more
information, please visit www.harvestone.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance about Harvest One and its business and
operations, which include, among other things, statements relating
to the expected timing of filing the Interim Filings. The use of
any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company's
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. The
forward-looking information contained in this press release is made
as of the date hereof, and the Company is not obligated to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties,
and assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
Neither 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.
SOURCE Harvest One Cannabis Inc.