/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, Aug. 29, 2018 /CNW/ - MJ Opportunity Corp.
(TSXV: MJC.P) (the "Corporation" or "MJO"), a capital
pool company pursuant to Policy 2.4 of the TSX Venture Exchange
(the "TSXV"), is pleased to announce that it has received
conditional approval from the TSXV for the closing of its
Qualifying Transaction, as defined under TSXV Policy 2.4 -
Capital Pool Companies (the "Transaction"),
previously announced in its press release dated April 11, 2018, and the Corporation has filed its
filing statement dated August 29,
2018 in connection with the Transaction (the "Filing
Statement"). The Filing Statement is available under the
Corporation's profile on SEDAR at www.sedar.com.
Trading in the common shares of the Corporation will remain
halted pending further filings with the TSXV. The common shares of
the Corporation are anticipated to resume trading under the symbol
"LIFT" following publication of the Final Exchange Bulletin by the
TSXV in respect of the closing of the Transaction. Assuming all
conditions for closing are satisfied, the Corporation and Lift Co.
Ltd. ("Lift") expect to close the Transaction on or about
September 11, 2018.
About Lift Co. Ltd.
Lift is a privately held company that was incorporated under the
Business Corporations Act (British
Columbia) and subsequently continued and currently existing
pursuant to the Business Corporation Act (Ontario). Lift brings media and data together
to empower cannabis businesses and consumers with unique knowledge
and insights to make better-informed decisions. For consumers, Lift
operates Canada's largest cannabis
product-comparison platform, an unrivalled loyalty program and
North America's largest consumer
cannabis tradeshows. For businesses, Lift provides unique market,
product and consumer insights while connecting businesses and
consumers through Canada's
most-adopted consumer channels.
For more information, please contact David Mitchell, the Chief Executive Officer,
Secretary, and a director of the Corporation.
The completion of the Transaction is subject to a number of
conditions, including but not limited to receipt of all required
regulatory approvals, including final TSXV acceptance and the
satisfaction of other customary closing conditions. There can be no
assurance that the Transaction will be completed as proposed or at
all.
Investors are cautioned that, except as disclosed in the
Filing Statement, any information released or received with respect
to the Transaction may not be accurate or complete and should not
be relied upon. Trading in the securities of a capital pool company
should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed Transaction and has neither approved nor
disapproved the contents of this press release.
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 does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any
jurisdiction.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This news release contains "forward-looking information"
within the meaning of Canadian securities legislation.
Forward-looking information generally refers to information about
an issuer's business, capital, or operations that is prospective in
nature, and includes future-oriented financial information about
the issuer's prospective financial performance or financial
position.
The forward-looking information in this news release includes
disclosure about the terms of the Transaction and the proposed
structure of the Transaction.
MJO and Lift made certain material assumptions, including but
not limited to: prevailing market conditions; general business,
economic, competitive, political and social uncertainties; delay or
failure to receive board, shareholder or regulatory approvals; and
the ability of the resulting issuer to execute and achieve its
business objectives, to develop the forward-looking information in
this news release. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Actual results may vary from the forward-looking information
in this news release due to certain material risk factors. These
risk factors include, but are not limited to: adverse market
conditions; the inability of MJO and Lift to complete the
Transaction on the terms disclosed in this news release, or at all;
refusal of the proposed directors or officers to act for any
reason, including conflicts of interest; reliance on key and
qualified personnel; and regulatory and other risks associated with
the cannabis industry in general. The foregoing list of material
risk factors and assumptions is not exhaustive.
MJO assumes no obligation to update or revise the
forward-looking information in this news release, unless it is
required to do so under Canadian securities legislation.
SOURCE MJ Opportunity Corp.