STRATHROY, ON, March 28, 2022 /CNW/ - Eve & Co Incorporated
("Eve & Co" or the "Company") (TSXV: EVE) (OTCQX:
EEVVF) announces that in connection with the resignations of
Ravi Sood and Jeanette VanderMarel as directors of Eve &
Co on March 22, 2022 and March 23, 2022, respectively, the TSX Venture
Exchange (the "Exchange") has suspended trading in the
Company's securities for failure to maintain Exchange requirements
to maintain a minimum of three directors on the board of the
Company at all times.
Reinstatement to trading can occur only at such time that the
Exchange has concluded its reinstatement review to ensure the
Company has satisfactorily complied with all Exchange requirements.
A further news release will be issued in the event that the Company
has met the conditions to have its shares reinstated for trading
following the reinstatement review by the Exchange. There can be no
assurance that reinstatement will proceed.
The Exchange has, on March 28,
2022, issued a bulletin to transfer the listing and tier
classification of the common shares in the capital of the Company
from Tier 1 of the Exchange to the NEX board of the Exchange as a
result of the commencement of the Companies' Creditors Arrangement
Act proceedings.
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 six month periods ended June
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.
SOURCE Eve & Co Incorporated
