BZAM LTD. ANNOUNCES CHANGE OF AUDITOR

Rhea-AI Summary

BZAM Ltd. announces change of auditor

VANCOUVER, BC and TORONTO, Oct. 13, 2023 /PRNewswire/ - BZAM Ltd. (the "Company" or "BZAM") (CSE: BZAM) (OTC: BZAMF), a leading Canadian cannabis producer, announced today that, further to its previously announced cost optimization initiatives, it has appointed MNP LLP as auditor of the Company effective October 10, 2023.  Following the recommendation from its Audit Committee, the Company's board of directors requested and were also provided with KPMG LLP's resignation as the auditor of the Company effective October 10, 2023.

"We have appreciated working with KPMG for the last five years," said Sean Bovingdon, CFO. "As we continue our commitment to cost control, we look forward to working with MNP moving forward, given its broad experience in the cannabis sector."

In accordance with National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102"), the Company has filed a Notice of Change of Auditor, together with response letters from KPMG LLP and MNP LLP on SEDAR+ under the Company's profile at www.sedarplus.ca. There were no "reportable events," as such term is defined in NI 51-102.

About BZAM Ltd.

BZAM Ltd. (CSE: BZAM) (US‐OTC: BZAMF) is a leading Canadian cannabis producer with a focus on branded consumer goods, innovation, quality, consistency, integrity and transparency. The BZAM family includes core brands BZAM™, TGOD™, ness™, Highly Dutch Organic™, TABLE TOP™, and partner brands Dunn Cannabis, FRESH and Wyld. BZAM operates facilities in BC, Alberta, Ontario and Quebec, as well as a retail store in Regina, Saskatchewan.

BZAM's common shares and certain warrants issued under the indentures dated June 12, 2020, October 23, 2020 and December 10, 2020 currently trade on the Canadian Securities Exchange (the "CSE") under the symbol "BZAM", "BZAM.WR", "BZAM.WA", and "BZAM.WB" respectively. BZAM's common shares trade in the U.S. on the OTCQX under the symbol "BZAMF". For more information on BZAM Ltd., please visit www.bzam.com. 

Neither the CSE nor the CSE's Regulation Services Provider (as that term is defined in the policies of CSE) accept responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bzam-ltd-announces-change-of-auditor-301956635.html

SOURCE BZAM LTD.

FAQ

What is the news about?

The news is about BZAM Ltd. appointing MNP LLP as its new auditor and KPMG LLP resigning as the auditor.

Why did BZAM Ltd. make this change?

BZAM Ltd. made this change as part of its cost optimization initiatives and to work with an auditor with broad experience in the cannabis sector.

Where can I find more information about the change of auditor?

More information about the change of auditor can be found on SEDAR+ under BZAM Ltd.'s profile at www.sedarplus.ca.

What brands does BZAM Ltd. include?

BZAM Ltd. includes core brands BZAM™, TGOD™, ness™, Highly Dutch Organic™, TABLE TOP™, and partner brands Dunn Cannabis, FRESH, and Wyld.

Where does BZAM Ltd. operate?

BZAM Ltd. operates facilities in BC, Alberta, Ontario, and Quebec, as well as a retail store in Regina, Saskatchewan.

What are the trading symbols for BZAM Ltd.'s common shares?

The trading symbols for BZAM Ltd.'s common shares are "BZAM" on the Canadian Securities Exchange (CSE) and "BZAMF" on the OTCQX in the U.S.