STRATHROY, ON, April 1,
2022 /CNW/ - Eve & Co Incorporated ("Eve &
Co" or the "Company") (NEX: EVE.H) (OTCQX: EEVVF)
provides an update today following its filing for creditor
protection under the Companies' Creditors Arrangement
Act ("CCAA") on March 25,
2022. The Company has announced that the Ontario Superior
Court of Justice (Commercial List) (the "Court") issued an
Amended and Restated Initial Order that, among other things,
extended the stay of proceedings to August
26, 2022. The Court also issued an order approving a sale
and investment solicitation process ("SISP"). The Company
intends to conduct the SISP with the goal facilitating a
transaction that sees the Company emerge from CCAA protection as a
going concern.
The Company expects to make further announcements as material
progresses under the CCAA process continue to occur.
ABOUT EVE & CO
Eve & Co, through its wholly-owned subsidiary NMC, holds
cultivation and processing licences under the Cannabis
Act (Canada) for the
production and sale of various cannabis products, including dried
cannabis, cannabis plants and extraction of cannabis oil and has
received its European Union certificate of Good Manufacturing
Practice. NMC was Canada's first
female-founded licensed producer of medicinal marijuana and
received its cultivation licence from Health Canada in 2016. Eve
& Co is led by a team of agricultural experts and has a
licensed 1,000,000 square foot greenhouse located in Strathroy, Ontario.
The Company's website can be visited
at www.evecannabis.ca.
Notice regarding forward looking statements:
Certain statements in this press release constitute
forward-looking information. All statements other than statements
of historical fact contained in this press release, including,
without limitation, those regarding the Company's expected use of
proceeds, opportunities for growth, future, strategy, plans,
objectives, goals and targets, and any statements preceded by,
followed by or that include the words "believe", "expect", "aim",
"intend", "plan", "continue", "will", "may", "would", "anticipate",
"estimate", "forecast", "predict", "project", "seek", "should" or
similar expressions or the negative thereof, are forward-looking
statements. These statements are not historical facts but instead
represent only the Company's expectations, estimates and
projections regarding future events. These statements are not
guarantees of future performance and involve assumptions, risks and
uncertainties that are difficult to predict, including those
described in the Company's management's discussion and analysis for
the three and nine months ending September
30, 2021 which is available on the Company's SEDAR profile.
Therefore, actual results may differ materially from what is
expressed, implied or forecasted in such forward-looking
statements. The forward-looking information and forward-looking
statements included in this news release are made as of the date of
this news release. The Company does not undertake an obligation to
publicly update such forward-looking information or forward-looking
information to reflect new information, subsequent events or
otherwise unless required by applicable securities law.
Neither 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 Eve & Co Incorporated