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Recent news and media from the Citizen Stash squad.

Citizen Stash Expands Ontario Market Presence with Agreement to Process Flower for Burb, a Premium Cannabis Retailer and Brand

Vancouver, British Columbia / ACCESSWIRE / July 19, 2021 / Citizen Stash Cannabis Corp. (Formally Experion Holdings Ltd.) (the “Company“ or “Citizen Stash”) (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT:MB31) Canada’s solution to craft cannabis and premium products is pleased to announce that it was granted a listing with the Ontario Cannabis Store (“OCS”) to supply a new first-to-market strain under partnership with Burb brands.  

Under the Burb Licensing Agreement, Citizen Stash will cultivate, source, process, package and distribute premium dried flower in 3.5 gram jars and two 0.5 gram pre-rolls under the Burb brand, beginning with the Ontario market. The first to market strain, “BC ZaZa”, is a high potency THC premium flower developed internally through Citizen Stash’s innovation pipeline. Citizen Stash will be the first LP in Canada to partner with and bring a retailer’flower brand to market and are proud to launch with the OCS where the popularity and demand for Citizen Stash premium flower has been well established.  

“Over 40% of cannabis retailers in Canada are owned by chains and many are looking to find additional ways to unlock the revenue potential of the substantial brand equity built up in their retail operations. To that end, we feel Burb has led the charge in building one of the premier cannabis culture brands within the Canadian market and abroad, supported by a strong performing retail store portfolio in BC and backed by a passionate community of followers.  

This evolution in the market opens a new and very significant opportunity for us to support select brands and retailers in launching their own in-house branded products. By leveraging our unique production capabilities, genetics, cultivation partners, custom packaging and white labelling, we can occupy more retail shelf space in a cost-effective manner, generating incremental revenue for our company and for our brand partners,” commented Mr. Jarrett Malnarich, CEO of Citizen Stash.  

 

About Citizen Stash Cannabis Corp. 

Citizen Stash is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, B.C.  

Citizen Stash is best known as a rapidly growing adult-use premium cannabis brand offered nationally in 7 provinces and territories.  Citizen Stash has invested and developed a portfolio of premium cannabis genetics, strains and products with a unique growth strategy incorporating a highly scalable aggregation and distribution business model to drive revenues across its national sales network.  

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com. 

 

About Burb Cannabis Corp. 

Burb is a cannabis brand bringing B.C. bud culture to the world through its network of retail stores, premium cannabis products, cut/sew apparel and a weekly podcast hosted by David Hershkovits (co-founder of PAPER Magazine). Burb honours the legacy and designs the future of cannabis culture. 

 

Disclosure 

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company. 

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs. 

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (“MD&A”) (a copy of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A. 

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Citizen Stash Cannabis Corp. 

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Citizen Stash Launching Three First-to-Market Strains in Alberta

Vancouver, British Columbia / ACCESSWIRE / June 28, 2021 / Citizen Stash Cannabis Corp. (Formally Experion Holdings Ltd.) (the “Company“ or “Citizen Stash”) (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT:MB31) Canada’s solution to craft cannabis supply and premium products is pleased to announce the launch of Sundae Driver, FPOG (Fruity Pebbles OG) and Chocolate Sour Diesel, all first-to-market strains in Alberta.   

Citizen Stash is launching three new, first-to-market, cannabis strains into the Alberta market where the Company has an established reputation with consumers for delivering unique and innovative in-demand products. Based on its successful history in the province, the Company was recently awarded an additional six new SKUs that include Sundae Driver, FPOG (Fruity Pebbles OG) and Chocolate Sour Diesel in both 3.5-gram flower jars and two half gram pre-rolls. These new products will be available for sale in retail stores in Alberta and online through Alberta Cannabis (www.albertacannabis.org) in July.  

“Ensuring a balanced portfolio of strains and continuing to offer new high-quality products for consumers is the key to success for any cannabis company wanting to build a premium brand in the retail space. These new offerings are excellent examples of the skill and dedication of our Cultivation Team to the craft of developing world class genetics and the mastery required to commercialize game changing cannabis strains. Pheno-hunting is the pursuit of launching new first to market strains which requires significant resources and expertise and we have proven once again that Citizen Stash is a leader in this field,   and earning credibility with consumers by consistently delivering great products. This expertise and credibility now positions us to offer new products on an ongoing basis and in doing so, allows us to capture more shelf space to support our growing brand presence across the province,” commented Mr. Jarrett Malnarich, CEO of Citizen Stash.  

 

About Citizen Stash Cannabis Corp. 

Citizen Stash is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, B.C.  

Citizen Stash is best known as a rapidly growing adult-use premium cannabis brand offered nationally in 7 provinces and territories.  Citizen Stash has invested and developed a portfolio of premium cannabis genetics, strains and products with a unique growth strategy incorporating a highly scalable aggregation and distribution business model to drive revenues across its national sales network.  

Citizen Stash trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “CSC” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”. 

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com. 

 

Disclosure 

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company. 

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs. 

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (“MD&A”) (a copy of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A. 

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Citizen Stash Cannabis Corp. 

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Citizen Stash Expands its Flower Product Line Up in British Columbia

Vancouver, British Columbia / ACCESSWIRE / June 21, 2021 / Citizen Stash Cannabis Corp. (Formally Experion Holdings Ltd.) (the “Company“ or “Citizen Stash”) (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT:MB31) Canada’s solution to craft cannabis supply and premium products is pleased to announce the launch of FPOG (Fruity Pebbles OG) into the British Columbia market starting this month.  

As Citizen Stash continues to build a solid reputation for quality and consumer appeal, the Company was recently awarded an additional two new SKUs to the B.C. market that includes Fruity Pebbles OG 3.5-gram flower jars and two half-gram pre-rolls. The new products will be available for sale in retail stores in B.C. and online through the BC Cannabis stores in early July, and is further evidence of the demand for Citizen Stash products.     

FPOG is an indica dominant hybrid that is a cross between Green Ribbon, Granddaddy Purple and Tahoe Alien and has sweet tropical scents of citrus and berries that provides a sugary, fruity aftertaste providing a premium experience for the consumer.  As with all Citizen Stash strains, FPOG is hand harvested, hand trimmed, and expertly cured in small batches without the use of pesticides. 

“One of our core competencies is our focus on continuous innovation in identifying and launching exciting new strains that have mass consumer appeal. We are able to successfully launch innovative new products and strains under our Citizen Stash brand as we are highly connected to the cannabis community and have a deep consumer connection that drives our innovation process”, commented Mr. Jarrett Malnarich, CEO of Citizen Stash.  “As provincial exchanges move to streamline their inventories and tighten SKU registrations, Citizen Stash is in the fortunate position to be adding new products in the B.C. market.  Our focus remains expanding the shelf space for our Citizen Stash product portfolio within our current markets, while also continuing to aggressively pursue expansion opportunities into new provincial markets over the coming quarters.”   

 

About Citizen Stash Cannabis Corp. 

Citizen Stash is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, B.C.  

Citizen Stash is best known as a rapidly growing adult-use premium cannabis brand offered nationally in 7 provinces and territories.  Citizen Stash has invested and developed a portfolio of premium cannabis genetics, strains and products with a unique growth strategy incorporating a highly scalable aggregation and distribution business model to drive revenues across its national sales network.  

Citizen Stash trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “CSC” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”. 

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com. 

 

Disclosure 

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company. 

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs. 

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (“MD&A”) (a copy of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A. 

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Citizen Stash Cannabis Corp. 

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Citizen Stash Cannabis Corp. now trading under symbol “CSC” on the TSX.V

Vancouver, British Columbia, June 17 2021, Citizen Stash Cannabis Corp. (Formerly Experion Holdings Ltd.) (the “Company“ or “Citizen Stash”) (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT:MB31) is pleased to announce that the Company is now trading under the symbol “CSC” on the TSX.V.  

The Company wishes to remind investors and the market that Citizen Stash (formally Experion Holding Ltd.) is now trading under its new symbol “CSC” on the TSX Venture Exchange.  

The Company’s board of directors approved the implementation of the name change following approval from the shareholders at the annual general and special virtual-only meeting of shareholders held on May 26, 2021. On June 15, 2021, the common shares of the Company commence trading on the TSX Venture Exchange under its new name, “Citizen Stash Cannabis Corp.” and under its new trading symbol “CSC.V”. 

No action is required to be taken by current shareholders in connection with the name change. As a result of the name change, the Company’s common share CUSIP number is changed to 17291F108 and the ISIN is changed to CA17291F1080.  

The Company will also be changing its trading symbol on the OTCQB and will inform the market once transitioned.  

 

About Citizen Stash Cannabis Corp. 

Citizen Stash is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.  

Citizen Stash is best known as a rapidly growing adult-se premium cannabis brand offered nationally in 7 provinces and territories.  Citizen Stash invested and developed a portfolio of premium cannabis genetics, strains and products with a unique growth strategy incorporating a highly scalable aggregation and distribution business model to drive revenues across its national sales network.  

Citizen Stash trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “CSC” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”. 

 

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com. 

 

Disclosure 

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company. 

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs. 

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (“MD&A”) (a copy of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A. 

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Citizen Stash Cannabis Corp. 

 

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Experion Holdings Ltd. Announces Name Change to Citizen Stash Cannabis Corp.

Vancouver, British Columbia, June 11 2021, Experion Holdings Ltd. (the “Company“ or “Experion”) (TSXV:EXP) (OTCQB:EXPFF) (FRANKFURT:MB31) is pleased to announce that the Company has changed its name from “Experion Holdings Ltd.” to “Citizen Stash Cannabis Corp.”

The Company’s board of directors approved the implementation of the name change following approval from the shareholders at the annual general and special virtual-only meeting of shareholders held on May 26, 2021. On or about, June 15, 2021, the common shares of the Company will commence trading on the TSX Venture Exchange under its new name, “Citizen Stash Cannabis Corp.” and under its new trading symbol “CSC.V”.

No action is required to be taken by current shareholders in connection with the name change. As a result of the name change, the Company’s common share CUSIP number is changed to 17291F108 and the ISIN is changed to CA17291F1080.

Mr. Jarrett Malnarich, Chief Executive Officer, commented, “We are excited to have our corporate identity directly connected to our well-known cannabis brand, Citizen Stash. We believe it eliminates any lingering confusion there may have been between our nationally recognized brand name and how we’ve been identified in the public markets. With the growing success of Citizen Stash as a retail brand, it just made sense to leverage our name recognition and stellar reputation we’ve achieved as a consumer brand to generate greater visibility and awareness in the investment community. In addition, we know satisfied retail consumers often become investors and our unified corporate identity will allow us to more effectively communicate our value proposition to both groups as we continue to expand our business across Canada.”

About Experion Holdings Ltd.

Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.

Experion Holdings Ltd. is invested in a portfolio of premium cannabis brands and products and is best known for its’ rapidly growing adult-se premium brand Citizen Stash. The company’s growth strategy incorporates a highly scalable aggregation and distribution business model to drive revenues across its national sales network.

Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”.

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com.

 

Disclosure

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded, including the benefits thereof; the use of proceeds of the Loan; the timing of repayment of the Loan, including interest thereon; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (the “MD&A”) (copies of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A.

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Experion Holdings Ltd.

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Experion Reports on AGM Results

Vancouver, British Columbia, May 31, 2021, Experion Holdings Ltd. (the “Company“ or “Experion”) (TSXV:EXP) (OTCQB:EXPFF) (FRANKFURT:MB31) is pleased to announce the results of its annual general and special meeting of the shareholders held by way of live virtual webcast on May 26, 2021 (the “Meeting”). 

All of the matters put forward before shareholders for consideration and approval as set out in Experion’s notice of meeting were approved by the shareholders including:  

  1. Fixing the number of directors of the Company at six (6)
  2. The election of directors – 01. Michael Black 02. Jarrett Malnarich 03. Deni Echino 04. Sean MacNeil 05. William Dickie 06. Byron Dudley 
  3. Appoint Baker Tilly WM LLP, Charted Professional Accountants as the auditors of the Company for the ensuing year 
  4. Approval of the Corporation’s stock option plan
  5. Approval of certain amendments to the Company’s restricted share unit plan; and
  6. Change the name of the Company to “Citizen Stash Cannabis Corp.”  

Each of the directors elected at the meeting being, Michael Black, Jarrett Malnarich, Deni Echino, Sean MacNeil, William Dickie and Byron Dudley will hold office until the next annual meeting of the Company or until the earlier of resignation or removal.   

CEO Jarrett Malnarich commented, “We are pleased to have our board elected with high acceptance of our voting shareholders as well as all our resolutions including our name change.  Having a strong Board is fundamental as we move forward with our strategy and to grow Experion’s valuation in the marketplace.  The focused mandate to continue our growth, promote our story and execute on our strategy gives Experion a strong foundation to continue the building of the premium brand Citizen Stash making it a leading and progressive cannabis company.”  

In addition, the Company granted 1,312,500 Restricted Share Units (“RSUs”) to its directors and an officer, of which 500,000 RSUs will vest on May 31, 2022,  250,000 vesting August 31, 2022, 250,000 vesting November 30 2022 and the remaining 312,000 RSUs will vest 12 months after the directors resign. 

 

About Experion Holdings Ltd. 

Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.  

Experion Holdings Ltd. is invested in a portfolio of premium cannabis brands and products and is best known for its’ rapidly growing adult-use premium brand Citizen Stash. The company’s growth strategy incorporates a highly scalable aggregation and distribution business model to drive revenues across its national sales network.  

Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”. 

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com. 

 

Disclosure 

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company. 

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded, including the benefits thereof; the use of proceeds of the Loan; the timing of repayment of the Loan, including interest thereon; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs. 

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. 

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (the “MD&A”) (copies of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A. 

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Experion Holdings Ltd. 

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Experion to Present at the Emerging Growth Conference on April 28, 2021

VANCOUVER, BC / ACCESSWIRE / April 26, 2021 / Experion Holdings Ltd. (the “Company” or “Experion“) (TSXV:EXP)(OTCQB:EXPFF)(FRANKFURT:MB31) Canada’s solution to craft cannabis supply and builder of premium cannabis brands including its sought after and popular brand Citizen Stash announced today that its CEO, Mr. Jarrett Malnarich, has been invited to present live at the Emerging Growth Conference on April 28, 2021.

Experion invites shareholders, investors, advisors, and analysts to attend the real-time, interactive investor presentation. This will be a live, online event where investors are invited to learn about Experion and Citizen Stash and ask the company questions.

Experion will be presenting at: 12:30 PM EDT or 9:30 AM PDT, for 30 minutes.

Please use the following unique registration link:

https://goto.webcasts.com/starthere.jsp?ei=1454582&tp_key=b61b05e0a3&sti=expff

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and we will also release a link to that after the event.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner. The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About Experion Holdings Ltd.

Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.

Experion Holdings Ltd. is invested in a portfolio of premium cannabis brands and products and is best known for its’ rapidly growing Adult-Use premium brand Citizen Stash. The company’s growth strategy incorporates a highly scalable aggregation and distribution business model to drive revenues across its national sales network.

Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”.

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com.

 

Disclosure

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded, including the benefits thereof; the use of proceeds of the Loan; the timing of repayment of the Loan, including interest thereon; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (the “MD&A”) (copies of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A.

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Experion Holdings Ltd.

 

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Experion Announces Q1 Financial Reporting Release Date

VANCOUVER, BC / ACCESSWIRE / April 19, 2021 Experion Holdings Ltd. (the “Corporation” or “Experion“) (TSXV:EXP)(OTCQB:EXPFF)(FRANKFURT:MB31) Canada’s solution to craft cannabis supply and builder of premium cannabis brands including its sought after and popular brand Citizen Stash announced today that it will be reporting its 2021 Q1 financial reporting and results for the period ending February 28, 2021 after market close on Wednesday April 28, 2021.

The report will be available here: https://www.experionwellness.com/investors/financial-reports/ as well as on SEDAR.

The company’s management will be speaking on the 2021 Q1 earnings report and answering Investor questions. The presentation will be available Thursday April 29, 2021 at 10:00 AM (PDT) here:

https://www.experionwellness.com/management-speaking-on-2021-q1-earnings-report/

Experion encourages questions that shareholders or interested parties may have on our business model or strategies prior to the call be emailed to ir@experionwellness.com before Monday, April 26, 2021.

The Company also announces it has granted stock option to an officer and employee to purchase up to 500,000 common shares, exercisable at a price of 0.24 cents per share and vest after a year. The stock options are exercisable for five years, until April 19, 2026.

About Experion Holdings Ltd.

Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.

Experion Holdings Ltd. is invested in a portfolio of products to address a wide spectrum of consumer needs’ including Adult-use, Wellness and Therapeutic, and Medical products.

Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”.

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com.

Disclosure

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (“MD&A”) (a copy of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A.

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Experion Holdings Ltd.

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Experion Live Investor Presentation April 20, 2021

Experion to Webcast Live at VirtualInvestorConferences.com on April 20, 2021

 VANCOUVER, BC / ACCESSWIRE / April 16, 2021 / Experion Holdings Ltd. (the “Company” or “Experion“) (TSXV:EXP)(OTCQB:EXPFF)(FRANKFURT:MB31) announced today that CEO, Mr. Jarrett Malnarich will present live at  VirtualInvestorConferences.com on April 20, 2021 at 3:30 PM EST / 12:30 PM PST.

Experion invites shareholders, investors, advisors, and analysts to attend the real-time, interactive investor presentation. This will be a live, online event where investors are invited to learn about Experion and ask the company questions.  If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event and to register for the Virtual Conference, please visit: www.virtualinvestorconferences.com

DATE: April 20, 2021

TIME: 3:30 PM EST / 12:30 PM PST

LINK: https://bit.ly/31A39N3

 Recent Company Highlights:

  • Citizen Stash Cannabis Edibles Enters Largest Canadian Market – see press release February 24, 2021.
  • Citizen Stash Expands its Product Line by 44% in Ontario – see press release March 2, 2021.
  • Experion and Valens Enter into Pre-roll Manufacturing Agreement – see press release March 11, 2021.

About Experion Holdings Ltd.

Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.

Experion Holdings Ltd. is invested in a portfolio of premium cannabis brands and products and is best known for its’ rapidly growing Adult-Use premium brand Citizen Stash. The company’s growth strategy incorporates a highly scalable aggregation and distribution business model to drive revenues across its national sales network.

Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”.

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com.

Disclosure

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company’s capital spending forecast and expectations of how it will be funded, including the benefits thereof; the use of proceeds of the Loan; the timing of repayment of the Loan, including interest thereon; near-term impacts from the COVID-19 pandemic; the Company’s capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company’s outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (the “MD&A”) (copies of which can be found under Experion’s profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A.

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Experion Holdings Ltd.

 

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Experion Holdings Reports Financial Results for Q4 and FYE Nov 30, 2020

VANCOUVER, British Columbia/ ACCESSWIRE March 29, 2021 – Experion Holdings Ltd. (the “Company” or “Experion”) (TSXV: EXP) (OTCQB: EXPFF) (FRANKFURT: MB31), Canada’s solution to craft cannabis supply and builder of premium cannabis brands including its sought after and popular brand Citizen Stash is pleased to report its fourth quarter and fiscal year end financial results for the period ended November 30, 2020.

“The fiscal year ended November 30, 2020 was a pivotal and productive year for Experion as we fully transitioned into a recognized premium supplier of cannabis products led by our brand “Citizen Stash”. We strategically focused our assets on building an innovative supply channel and related infrastructure for national distribution to create one of the most cost effective and efficient cannabis businesses in the sector today”, commented Jarrett Malnarich, Chief Executive Officer of Experion. “Our unique supply chain model coupled with our diligent marketing efforts allowed us to quickly build a nationally recognized in-demand premium brand, known as “Citizen Stash”. These accomplishments are reflected in a 25% increase of our revenue for the quarter ended November 30, 2020 over the previous quarter, and also represented our fifth consecutive quarter of sales growth. Additionally, we achieved an increase in revenue of 366% for the fiscal year ended November 30, 2020 over the fiscal year ended November 30, 2019 while simultaneously reducing our operating costs by 43% compared to the same period.”

Mr. Malnarich continued, “moving into 2021, Experion is focused on several key strategies: expand out the aggregation and distribution model through key partnerships, expand sales to all provincial jurisdictions, increase our share of the premium market on the retail shelf, launch new innovative products, and profitability.”

Key Financial Highlights:

  • Gross revenue increased 366% to $7.3 million for the fiscal year ended November 30, 2020 compared to $1.6 million for the fiscal year ended November 30, 2019.
  • Gross revenue was $2.7 million for the quarter ended November 30, 2020 representing a 25% increase over the previous quarter revenue of $2.1 million.
  • The quarter ended November 30, 2020 represented the fifth consecutive quarter of revenue growth for the Company.
  • Operating expenses for the fiscal year ended November 30, 2020 decreased by $2.6 million or 43% compared to the prior fiscal year.
  • The Company processed and sold 848,008 grams of premium dried flower through retail distribution in the fiscal year ended November 30, 2020 compared to 290,293 grams in the previous fiscal year, an increase of 192%.
  • The average price per gram realized was $8.44 (net of excise tax, $7.07) for the fiscal year ended November 30, 2020, as compared to $5.36 (net of excise tax, $4.83) for the fiscal year ended November 30, 2019, an increase of 57%.
  • Increased product stock keeping units (“SKUs”) from 7 to 24 during the fiscal year ended November 30, 2020 representing an increase of 243% from the previous fiscal year.
  • Adjusted EBITDA increased $4.1 million in the fiscal year ended November 30, 2020 to a $(1.4) million loss, versus a $(5.5) million loss in the fiscal year ended November 30, 2019, an increase of 74%.
  • Well positioned balance sheet with total assets of $12.1 million and a net working capital balance (current assets less with current liabilities) of $3.9 million.

Corporate and Operational Summary for the Quarter and Year Ended November 30, 2020:

Transitioned to an industry-leading producer, processer and distributor of premium cannabis products increasing sales by 366% for the fiscal year ended November 30, 2020 as compared to the fiscal year ended November 30, 2019 through:

  • Completed facility and license improvements.
    • Increased licensed cultivation space by 20% within our licensed facility in March.
    • Increased our licensed processing space by 100% within our licensed facility in March.
    • Experion was granted a sales license for Extractions, Topicals and Edibles in April.
  • Increased national distribution from just two provinces to a total of five provinces and two territories.
    • The Company’s premium brand, “Citizen Stash” entered Ontario, Canada’s largest cannabis market in September.
    • Ranked #22 in supplied volume to the Ontario Cannabis Store within the first three months of entering the Ontario market.
    • The Company’s premium brand, “Citizen Stash” is now available in British Columbia, Alberta, Manitoba, Saskatchewan, Yukon, North West Territories, and Ontario, representing a 400% market expansion during the fiscal year ended November 30, 2020.
    • Partnered with leading sales and distribution agency, Velvet Management, to maximize visibility and awareness of the Company’s premium brand “Citizen Stash” at the retail level in September.
  • Secured the best-in-industry farmers to grow and cultivate Experion’s premium genetics across Canada.
    • Contracted supply now over 500 kilograms per month of premium cannabis products.
    • Experion has options in place to increase supply allowing the Company to grow inventory in step with market demand, with no upfront capital requirements.
  • Increased and diversified the product line up.
    • Continued to build product excellence around genetic portfolio with 24 listed SKUs including several new first to market in demand strains.
    • Launched premium “Citizen Stash” pre-rolls in April.
    • Launched “Citizen Stash” edible gummies in October.
  • Decreased operating expenses, with a 43% reduction of costs in the fiscal year ended November 30, 2020 compared to the prior fiscal year by streamlining and terminating redundant roles, reducing expenses, and optimizing business processes, functions, and services.
  • Strengthened corporate governance with the addition of an independent board member with significant industry, financial and business knowledge, and experience.

Experion Holdings Ltd. Quarter and Year Ended November 30, 2020 Financial Summary:

 

Three Months Ended Fiscal Year Ended
(000’s of Cad dollars, except per gram metrics) Nov 30,
2020
Aug 31,
2020
Nov 30,
2019
Nov 30,
2020
Nov 30,
2019
Grams Sold 317,933 240,017 91,781 848,008 290,293
Average Realized Price (Revenue) per Gram 8.09 8.74 6.48 8.44 5.36
Gross Revenue 2,650 2,124 632 7,297 1,567
Net Revenue *1 2,228 1,781 531 6,130 1,415
Gross Profit before Fair Value Adjustments 295 448 (114) 1,065 (237)
Selling, General and Administration Expense 926 598 1,669 3,398 5,966
Net Income / (Loss) (4,175)  (188) (10,512) (5,942) (16,153)
Adjusted EBITDA *2 (305)  (149) (2,064) (1,416) (5,523)
Number of Shares Outstanding (000’s) 100,762 100,762 100,475 100,762 100,475

*1  Net of excise tax.
*2  Adjusted EBITDA is a non-GAAP measure used by management that does not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Management defines adjusted EBITDA as comprehensive loss for the period, as reported, before interest, taxes, depreciation and amortization, and adjusted by removing share-based payments, and other one-time and non-cash items, including impairment losses. See reconciliation of “Adjusted EBITDA” in the Company’s Management’s Discussion & Analysis for the period ended November 30, 2020.

  • Gross revenue increased 366% to $7.3 million in the fiscal year ended November 30, 2020 compared to $1.6 million in the fiscal year ended November 30, 2019.
  • Gross revenue was $2.7 million for the quarter ended November 30, 2020, representing an increase of 25% over the previous quarter revenue of $2.1 million.
  • Product sales from the final two quarters of fiscal 2020, the quarters ended August 31, 2020 and November 30, 2020 made up 65% of the total $7.3 million gross revenue from the fiscal year ended November 30, 2020, as compared to the first two quarters of the fiscal year ended November 30, 2020, as sales and expenses in the first two quarters reflected the transitional period of the Company as it began its ‘aggregation & distribution’ model and its expense rationalization program.
  • Gross profit before fair value adjustments was $1.06 million or 17% of net revenue for the fiscal year ended November 30, 2020, compared to $(0.237) million or (17)% of net revenue for the fiscal year ended November 30, 2019.
    • Gross profit for the financial year ended November 30, 2020 was impacted by both the transition to the ‘aggregation and distribution’ model in the first half of the year, and an inventory write down of $(0.376) million in the quarter ended November 30, 2020.
    • Excluding the inventory write-down, ‘adjusted gross profit’ before fair value adjustments would have been $1.44 million, or 24% of net revenue for the financial year ended November 30, 2020.
  • Gross profit before fair value adjustments was $0.295 million for the quarter ended November 30, 2020, compared to $0.447 million for the quarter ended August 31, 2020. The lower gross profit was the result of the inventory write down in the amount of $(0.376) million for the quarter ended November 30, 2020.
    • Excluding this inventory write-down, ‘adjusted gross profit’ before fair value adjustments would have been $0.671 million, or 30% of net revenue for the quarter ended November 30, 2020.
  • The Company expects it will continue to improve on its gross margin levels. The ‘aggregation & distribution’ business model is a mix of externally purchased flower and internally grown flower which results in a gross margin not entirely comparable to the Company’s Canadian licenced producer (“LP”) peers as the costs of purchased flower from strategic grow partners is generally higher than the costs of growing internally.
    • While the Company’s absolute gross margin may be lower compared to the traditional Canadian LP peers that grow only, unlike these peers, Experion does not have the significant upfront capital costs and the higher on-going operating expenditures to support the large growing As a result, the Company can drive significant revenues from a lower invested capital base, driving higher returns on invested capital and a quicker pathway to profitability than traditional growing peers.
    • The Company’s goal is to continue to drive improvements in gross margin with additional automation, economies of scale and operational efficiencies of all its processing systems.
  • As a result of the shift in strategy and the refined business model of the Company in early 2020 to focus on the core sales and distribution of premium cannabis flower for the recreational market, a $2.9 million impairment expense was taken on certain goodwill, intangible and other equipment assets in the quarter ended November 30, 2020 related to the Company’s EFX Laboratories Inc. (“EFX”) subsidiary:
    • The Company hibernated EFX’s intellectual property (“IP”) and assets that focused on the medical and therapeutics cannabis markets.
    • The Company still owns these assets and IP which include a Phase III clinical trial for post-operative pain relief, topical formulations, and various proprietary standard operating procedures.
    • While Experion has no specific plans currently to utilize these assets, there may be an opportunity in the future as new Health Canada ‘Cannabis Health Products’ regulations are enacted for over-the-counter products.
  • Adjusted EBITDA was a $(1.4) million loss for the fiscal year end November 30, 2020, an increase of $4.1 million compared to the $(5.5) million loss in the prior fiscal year.
    • In the quarter ended November 30, 2020, adjusted EBITDA was $(0.305) million, compared to $(0.149) million in the quarter ended August 31, 2020. Adjusted EBITDA in the quarter ended November 30, 2020 was impacted by larger than normal quarterly accruals.

Fiscal 2021 Strategic Initiatives

Experion expects to realize significant growth and continue to capture market share in 2021 by leveraging what has been built throughout 2020 by:

  • Expanding into all provincial markets within Canada.
  • Maximizing the visibility of the Company’s “Citizen Stash” brand within our current markets.
  • Expanding the premium product offerings with further innovation, namely, new-in-demand strains, concentrates and edibles.
  • Accelerating our scalable and capital efficient ‘aggregation and distribution’ model nationally.
  • Partnering with a central Canadian cannabis processor to replicate our British Columbia based Mission facility to keep pace with our demand and sales growth.

Experion will continue to deploy its capital into product inventory and marketing to rapidly drive sales and brand visibility nationally.

Q1 2021 Revenue Guidance

Gross revenue guidance for the first quarter of fiscal 2021, the quarter ending February 28, 2021, is projected to be between $3.7 million to $4.0 million, or a 40% to 51% growth versus the quarter ended November 30, 2020 which had gross revenue of $2.7 million. This growth is driven by the Company’s ability to fulfill its demand and expand its brand throughout Canada.

About Experion Holdings Ltd.

Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of cannabis, based in Mission, British Columbia.

Experion Holdings Ltd. is invested in a portfolio of products to address a wide spectrum of consumer needs’ including adult-use, wellness, and therapeutic, and medical products.

Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “EXP” on the OTCQB Venture under the symbol “EXPFF” and on the Frankfurt Stock Exchange under the symbol “MB31”.

For further information, please visit the Company’s website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com.

Non-IFRS Measures

Certain financial measures in this news release, including adjusted EBITDA from continuing operations, ‘adjusted gross profit’ and ‘adjusted gross margin’ before fair value adjustments are non-IFRS measures. These terms are not defined by IFRS and, therefore, may not be comparable to similar measures provided by other companies. These non-IFRS financial measures should not be considered in isolation or as an alternative for measures of performance prepared in accordance with IFRS.

Notice Regarding Forward Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations, and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company.

Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expect”, “goal”, “plan”, “continue”, “future”, “projects”, “outlook” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tends to” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the Company’s capital spending forecast and expectations of how it will be funded; the Company’s capital management strategy and financial position; the Company’s outlook, projected increases to gross margin, activity levels, supply chains, product inventory and sales channels; the Company’s planned expansion; key strategic initiatives, growth and capture of market share; further legislative and regulatory developments involving cannabis or otherwise affecting the Company’s business or its consumers generally, including new over-the-counter products; competition; currency and interest rate fluctuations; and marketing costs.

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management’s Discussion and Analysis (“MD&A”) (a copy of which can be found under Experion’s profile on SEDAR at www.sedar.com); the Company’s ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other events, including the ongoing COVID-19 pandemic; global economic events; changes to the Company’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange and interest rate fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to “Risk Factors” set out in the MD&A.

Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Experion Holdings Ltd.

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