Explore

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. 

, , ,

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. 

, , , , , ,

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. 

, , , ,

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.

, , , ,

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. 

, , , , ,

Stand for Something

Subscribe to our newsletter for updates
and curated content delivered to: