Experion Holdings Ltd. Announces Name Change to Citizen Stash Cannabis Corp.
Experion Holdings Ltd. has officially renamed itself to Citizen Stash Cannabis Corp., effective June 15, 2021. This decision was endorsed by shareholders during a virtual meeting on May 26, 2021. The company's shares will trade under the new symbol CSC.V on the TSX Venture Exchange. CEO Jarrett Malnarich emphasized the importance of aligning the corporate identity with their popular cannabis brand, facilitating better communication with both consumers and investors. No action is required from current shareholders regarding this change.
- The name change aligns the corporate identity with the recognized cannabis brand, potentially increasing investor visibility.
- The move aims to eliminate confusion between the company name and the consumer brand, which may enhance brand equity.
- None.
VANCOUVER, BC / ACCESSWIRE / June 11, 2021 / Experion Holdings Ltd. (the "Company" or "Experion") (TSXV:EXP)(OTCQB:EXPFF)(FRA:MB31) is pleased to announce that the Company has changed its name from "Experion Holdings Ltd." to "Citizen Stash Cannabis Corp."
The Company's board of directors approved the implementation of the name change following approval from the shareholders at the annual general and special virtual-only meeting of shareholders held on May 26, 2021. On or about, June 15, 2021, the common shares of the Company will commence trading on the TSX Venture Exchange under its new name, "Citizen Stash Cannabis Corp." and under its new trading symbol "CSC.V".
No action is required to be taken by current shareholders in connection with the name change. As a result of the name change, the Company's common share CUSIP number is changed to 17291F108 and the ISIN is changed to CA17291F1080.
Mr. Jarrett Malnarich, Chief Executive Officer, commented, "We are excited to have our corporate identity directly connected to our well-known cannabis brand, Citizen Stash. We believe it eliminates any lingering confusion there may have been between our nationally recognized brand name and how we've been identified in the public markets. With the growing success of Citizen Stash as a retail brand, it just made sense to leverage our name recognition and stellar reputation we've achieved as a consumer brand to generate greater visibility and awareness in the investment community. In addition, we know satisfied retail consumers often become investors and our unified corporate identity will allow us to more effectively communicate our value proposition to both groups as we continue to expand our business across Canada."
About Experion Holdings Ltd.
Experion Holdings Ltd. is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, BC.
Experion Holdings Ltd. is invested in a portfolio of premium cannabis brands and products and is best known for its' rapidly growing adult-se premium brand Citizen Stash. The company's growth strategy incorporates a highly scalable aggregation and distribution business model to drive revenues across its national sales network.
Experion trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "EXP" on the OTCQB Venture under the symbol "EXPFF" and on the Frankfurt Stock Exchange under the symbol "MB31".
For further information, please visit the Company's website www.experionwellness.com or contact Investor Relations, Email: IR@experionwellness.com.
Disclosure
This 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, including the benefits thereof; the use of proceeds of the Loan; the timing of repayment of the Loan, including interest thereon; 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 (the "MD&A") (copies 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: Experion Holdings Ltd.
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FAQ
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