VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Citizen Stash Cannabis Corp. (the 'Company' or 'Citizen Stash') (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT:MB31) is pleased to announce the launch of its premium flower products into Nova Scotia where it will be available in cannabis retail stores within the province in the coming weeks.
The Company's wholly owned subsidiary, Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of premium cannabis, has received its first Purchase Order from the Nova Scotia Liquor Corporation ('NSLC') and is now an official supplier to the province. Citizen Stash will initially supply three premium flower SKUs including MAC1 and BC ZaZa in 3.5 gram flower jars and MAC1 pre-rolls to the province's retail network. Nova Scotia is the eighth Canadian province and territory which Citizen Stash has announced distribution and according to Statistics Canada, is the seventh largest cannabis market in Canada.
Mr. Jarrett Malnarich, Chief Executive Officer, commented 'We are thrilled to announce our first order with the NSLC and look forward to supplying the full line-up of our high-quality in-demand products to cannabis consumers in the province on a long-term basis. Being recognized as an 'official supplier' by the NSLC is another key milestone for Citizen Stash as we continue to build a best-in-class national retail distribution network for our premium cannabis products and further solidifies our position in Canada's cannabis marketplace as the number one premium cannabis brand.'
The Company also sends its condolences to the Howard family, as Robert (Bob) Howard, a founder of Experion Biotechnologies passed away recently. Mr. Howard was pivotal in creating Experion Biotechnologies and its lasting vision today.
About Citizen Stash Cannabis Corp.
Citizen Stash is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.
Citizen Stash is best known as a rapidly growing adult-use premium cannabis brand offered nationally in seven provinces and territories. Citizen Stash has invested and developed a portfolio of premium cannabis genetics, strains and products with a unique growth strategy incorporating a highly scalable aggregation and distribution business model to drive revenues across its national sales network.
Citizen Stash trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol 'CSC' on the OTCQB Venture under the symbol 'EXPFF' and on the Frankfurt Stock Exchange under the symbol 'MB31'.
DisclosureThis news release contains 'forward-looking statements' and 'forward-looking information' (collectively referred to herein as 'forward-looking statements') within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of material factors, assumptions, risks and uncertainties, many of which are beyond the control of the Company.
Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'continues', 'future', 'forecasts', 'potential', 'outlook' and similar expressions, or are events or conditions that 'will', 'would', 'may', 'likely', 'could', 'should', 'can', 'typically', 'traditionally' or 'tends to' occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: The Company's capital spending forecast and expectations of how it will be funded; near-term impacts from the COVID-19 pandemic; the Company's capital management strategy and financial position; the impact of governmental and Company measures implemented in response to the COVID-19 pandemic; the Company's outlook, activity levels, supply chains and sales channels; loss of markets; further legislative and regulatory developments involving cannabis or otherwise affecting the Company's business or its consumers generally, including delays in the issuance of licenses; competition; currency and interest rate fluctuations; and marketing costs.
Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Company can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Filing Statement dated September 25, 2017 and/or the most recent annual and interim Management's Discussion and Analysis ('MD&A') (a copy of which can be found under Experion's profile on SEDAR at www.sedar.com); a significant expansion of COVID-19 pandemic and the impacts thereof; the Company's ability to raise the necessary capital or to be fully able to implement its business strategy; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions including those in the event of an epidemic, natural disaster or other event; global economic events; changes to the Company's financial position and cash flow; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; changes in political and security stability; potential industry developments; and other unforeseen conditions which could impact the Company. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive and should refer to 'Risk Factors' set out in the MD&A.
Statements, including forward-looking statements, contained in this news release are made as of the date they are given and the Company disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the 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: Citizen Stash Cannabis Corp.
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