YOURWAY CANNABIS BRANDS - YOURF STOCK NEWS

YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) announces the sale of Labtronix, Inc. for US$3M, subject to shareholder approval at the upcoming special meeting on December 28, 2023.

YourWay Cannabis Brands Inc. (YOUR) Announces Change of Auditors, Resignation of SMC, and Search for New Auditor

YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) is evaluating its financial status and considering an offer to purchase its subsidiary, Labtronix, Inc. The company's auditors are working through the financials for 2022, and the timeline for completion is undetermined. Financials for 2023 have not been prepared, and certain tax returns for 2022 have not been filed. YourWay and Labtronix are named in a lawsuit by Trulieve Cannabis Corp., and Labtronix has experienced a decline in sales. Management is reviewing all aspects of the business and will provide updates to shareholders. An offer to purchase Labtronix has been received, with a purchase price of US$3 million and the assumption of various liabilities. The potential sale could diminish audit risk and provide capital for exploring other opportunities, enhancing shareholder value.

YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) announced the resignation of CEO and Chairman Jakob Ripshtein, with Brett Mecum appointed as the new Chairman and Mason Cave as interim CEO. Mr. Cave aims to streamline operations, reduce expenses, and maximize shareholder value from the Venom asset. Additionally, the CFO was terminated for cause, and three directors resigned, leading to the postponement of the Annual General Meeting to early 2024.

YourWay Cannabis Brands announces Jacob Cohen resigns as President of Arizona operations

YourWay Cannabis Brands announces annual general meeting of shareholders

YourWay Cannabis Brands announces complaint against the company

YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) has launched two new products under its VenomX brand in Arizona: Diamond-Infused Pre-Rolls and a Live Resin All-in-One Vape. These products are set to ship to retailers in early April 2023. The Diamond-Infused Pre-Rolls combine THCa diamonds with premium cannabis, aiming to enhance the smoking experience. Meanwhile, the Live Resin All-in-One Vape offers optimal heating for the live resin extract, catering to consumer demand. With VenomX now available in over sixty locations in Arizona, YourWay is committed to delivering quality cannabis products to meet consumer needs.

YourWay Cannabis Brands Inc. has announced the termination of contracts with Old Pal LLC and Airo Brands, Inc. due to unfavorable market conditions in Arizona. The decision, while impacting sales for the fiscal year ending December 31, 2022, aligns with the Company’s focus on enhancing in-house brands and pursuing product innovation. This strategic move aims to improve profitability and shareholder returns. The Company's Acting CEO, Jakob Ripshstein, emphasized a commitment to ensuring a smooth transition for customers.