______________Nevis Brands hires McMillan, Green Growth.____ News Release
Mr. John Kueber reports
NEVIS BRANDS INC. ANNOUNCES CHANGES TO AUDIT AND LEGAL SERVICES, ADDS MARKET MAKER
Nevis Brands Inc. has made changes and additions to its professional service partners.
The company has retained McMillan LLP as its Canadian counsel for corporate and securities matters. McMillan is a leading business law firm serving public, private and not-for-profit clients across key industries in Canada, the United States and internationally. With recognized expertise and acknowledged leadership in major business sectors, McMillan provides solutions-oriented legal advice through its offices in Vancouver, Calgary, Toronto, Ottawa, Montreal and Hong Kong.
The company has retained Green Growth CPAs as its audit firm. Green Growth is a leading national accounting and advisory firm dedicated to serving businesses. With offices in California, Green Growth possesses the expertise necessary to serve publicly traded Canadian companies involved with United States cannabis operations. Green Growth replaces Smythe LLP, which resigned effective Aug. 14, 2023.
The company confirms that there were no reservations or modified opinions in any auditor's reports, nor any reportable events as defined in National Instrument 51-102 -- Continuous Disclosure Obligations in connection with the audits by the former auditor of the company's most recently completed financial year or any subsequent period. The company's board of directors and audit committee each approved the resignation of the former auditor and the appointment of the successor auditor in place of the former auditor; there were no reportable events (as defined in National Instrument 51-102) in connection with each of the former auditor's audits of the company which occurred prior to its resignation as auditor of the company; the notice of change of auditor was approved by the company's board of directors. In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the audit committee and the board of directors and have been filed on SEDAR+.
John Kueber, chief executive officer of Nevis Brands, commented: "As the company continues its transformation following the acquisition of THC Essentials we have looked to work with partners who can provide us with the best possible expertise. "We appreciate the work of our former legal counsel and auditors and look forward to a productive relationship with both McMillan LLP and Green Growth CPA."
The company has retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the Canadian Securities Exchange and other applicable laws. For its services, the corporation has agreed to pay VLP $5,000 per month for a period of 12 months. The agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
About Nevis Brands Inc.
Nevis innovates and develops cannabis products that have been consumed by millions of consumers across multiple markets in the United States. Led by its flagship brand Major, Nevis partners with leading cannabis product manufacturers and distributors to enhance their product offerings.