VANCOUVER, BC, October 6, 2021 / CNW / – Kiaro Holdings Corp. (TSXV: KO) (“Kiaro“or the”Society“) is pleased to announce that the Company has recently hired Calgarybased at Meadowbank Strategic Partners Inc. (“Meadowbank”) to provide investor relations, capital markets and business development advisory services for an initial period of six months, pursuant to the terms of the advice entered into between the Company and Meadowbank. Certain functions and aspects of Meadowbank’s services are expected to include “investor relations activities” under TSX Venture Exchange policies and applicable securities laws. Meadowbank receives a cash fee from $ 6,000 plus GST per month for its services. Meadowbank and the Company are unrelated and unaffiliated entities. The agreement with Meadowbank may be subject to the approval of the TSX Venture Exchange, if applicable.
Kiaro Holdings Corp.
Situated at Vancouver, British Columbia, Kiaro is an independent, omnichannel cannabis retailer and distributor. Thanks to existing showcases across British Columbia, Saskatchewan, and Ontario, and with the finalization of the recent acquisition of Hemisphere Cannabis from Aegis Brands, Kiaro has 16 stores in operation and two more scheduled for early 2022. This adds to its wholesale distribution division serving Saskatchewan, and e-commerce sites in Canada, the United States and Australia. Kiaro is committed to providing new and experienced consumers with a lifelong exploration of cannabis. With over 70 years of collective experience focused on retail and wholesale, Kiaro’s management team has a proven track record in executing acquisitions and financings, as well as developing brands. through North America. The Company plans to continue its growth trajectory through its consumer-centric retail, e-commerce and wholesale distribution segments over the next several years.
This press release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may include, among other things, statements regarding Kiaro’s future plans, costs, objectives or performance, or the assumptions underlying any of the foregoing. In this press release, words such as “could”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend” “,” plan “,” estimate “and similar words and their negative form are used to identify forward-looking statements. In this press release, forward-looking statements relate to, among other things, the proposed retail expansion plans and management’s ability to execute them, the overall growth of the Canadian cannabis market and retail opportunities. , the granting of new permits and operating licenses in various jurisdictions, as well as the timing and amount of any disposition of the common shares of the Company. Forward-looking statements should not be interpreted as guarantees of future performance or results, and will not necessarily constitute precise indications as to whether, or when or by which, such future performance will be achieved. No guarantee can be given that the events anticipated by the forward-looking information will occur or will occur. Forward-looking information is based on information available at the time and / or on the good faith belief of management regarding future events and is subject to known or unknown risks, uncertainties, assumptions and other unforeseeable factors. , many of which are beyond Kiaro’s control. These risks, uncertainties and assumptions include, without limitation, those described in the Company’s filing statement dated September 29, 2020, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those anticipated in the forward-looking statements. In addition, any forward-looking information regarding future expansion plans is subject to the qualification that Kiaro management may decide, and the assumptions that any construction or conversion would not be prohibitive, the required permits will be obtained and the workforce. The work, materials and equipment necessary to complete this construction or conversion will be available. Therefore, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Kiaro does not intend, nor assumes any obligation, to update or revise any forward-looking information contained in this press release to reflect subsequent information, events or circumstances or otherwise, except as required by law. applicable require it.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Chief Executive Officer
SOURCE Kiaro Holdings Corp.
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