(via TheNewswire)
As a result of the repurchase, HMI will no longer be a shareholder of GMI, which will revert back to being a wholly owned subsidiary of the Company.
"Although Geyser remains optimistic about the future of the Asian cannabis market, the company has, for the moment, decided to focus on strategic growth of its Canadian operations," stated
About
For more information, visit the company's website atgeyserbrands.com.
On Behalf of the Board of Directors
"Andrew Harris"
____________________________________
Director and CEO
aharris@geyserbrands.com
Neither the
THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words suchas "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the marijuana industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.Additional information relating to Geyser is available atwww.sedar.com.
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Copyright (c) 2020 TheNewswire - All rights reserved., source