VANCOUVER, May 22, 2020 /CNW/ - Harvest One Cannabis Inc.
("Harvest One" or the "Company") (TSX-V: HVT;
OTCQX: HRVOF) is responding to a request from the Investment
Industry Regulatory Organization of Canada, following the trading activity
occurring yesterday in its common shares. The Company is not aware
of any corporate developments or other reason for the recent
increase in market activity, and there has been no material change
or information to report under applicable securities laws that
would account for recent trading activity in its common shares. As
a general policy, the Company does not publicly comment on unusal
market activity, rumors or speculation in the marketplace.
As previously announced on February 12,
2020, the Board of Directors of the Company has initiated a
process to evaluate a range of strategic alternatives available to
the Company (the "Strategic Review"). Harvest One will
undergo the Strategic Review in order to re-focus its business on
brand development, innovative new products and sales channels for
its portfolio of Cannabis 2.0 lifestyle and wellness
products.
There are currently no definitive decisions relating to any
strategic alternatives at this time, and there is no assurance that
any strategic transaction or transactions will result from the
Strategic Review. The Company does not intend to comment further
with respect to the Strategic Review unless and until it determines
that additional disclosure is appropriate in the circumstances and
in accordance with the requirements of applicable securities
laws.
About Harvest One
Harvest One is a global cannabis company that develops and
provides innovative lifestyle and wellness products to consumers
and patients in regulated markets around the world. The Company's
range of lifestyle solutions is designed
to enhance quality of life. Shareholders have significant
exposure to a broad cannabis value chain through its wholly-owned
subsidiaries: United Greeneries, a Licensed
Producer; Satipharm (medical and nutraceutical); and
Dream Water Global, and Delivra (consumer); as well as a
controlling interest in Greenbelt Greenhouse. For more
information, please visit www.harvestone.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance about Harvest One and its business and
operations, which include, among other things, statements with
respect to the Strategic Review, its corporate strategy moving
forward, any transactions arising from the Strategic Review, and
future opportunities available for the Company. The use of any of
the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company's
current belief or assumptions as to the outcome and timing of such
future events. Actual future results may differ materially. The
forward-looking information contained in this press release is made
as of the date hereof, and the Company is not obligated to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties,
and assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
Neither 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.
SOURCE Harvest One Cannabis Inc.
