RE:Update receivedOdelay wrote: First of all, thank you very much for your email and trust in EAST. Our apologies for the delay as we are in the final stages of our audit which is quite extensive given our numerous operations.
We are aware that there are negative false claims regarding the company and some of its officers in social media. We discussed internally, including with our legal counsel, the best approach to deal with this matter. Unfortunately, many of these social media posts were made anonymously and hard to prove the identity of the posters. Furthermore, we had to consider the freedom of speech and at which point does it crossed the line to defamation, post per post. We were advised that it is best to allocate our current resources toward profitability and our operation.
From our end, the company and its officers have always conducted themselves in accordance with the securities laws. Being listed on the Toronto Stock Exchange Venture limits ourselves to many opportunities early on but it is one of the most rigorous exchanges in the world in terms of compliance and that should provide our investors with much comfort.
However, we realize that communication is key and that one way to manage this is to control the flow of information. As a company, we know that we have to do a better job in communicating our efforts and accomplishments to the outside world, especially to our shareholders. We are expanding our operations both in Canada and the US and are planning to communicate them in upcoming news releases.
Again, we would like to thank you for taking the time to reach out to us. Your support and trust in us are highly appreciated.
Many thanks,
Odelay, The response indicated that "We are expanding our operations both in Canada and the US and are planning to communicate them in upcoming news releases." This is exactly what I expect and why I like EAST especially given the current bargain prices. Cheers.
Previous News:
(1) December 18, 2019
EastWest Bioscience announces that it has entered a share purchase agreement with Darryl Sangster, Aquila Health Corp. and Sangster's Real Estate Corp. (collectively, the "Sangster Parties") for the purchase of shares of 1123573BC Ltd. ("573") and Orchard Valley Naturals Inc..
https://web.tmxmoney.com/article.php?newsid=8937536236510908&qm_symbol=EAST
(2) November 27, 2019
https://web.tmxmoney.com/article.php?newsid=4571809802835284&qm_symbol=EAST
(3) Wednesday, November 6, 2019
https://web.tmxmoney.com/article.php?newsid=4963111773390485&qm_symbol=EAST
(4) Wednesday, October 30, 2019
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aEAST-2825420&symbol=EAST®ion=C
(5) The company’s Deck is here:
https://www.eastwestbioscience.com/wp-content/uploads/2019/06/EastWest_Bioscience_Investor_Deck.pdf
(6) Tuesday, September 10, 2019
https://web.tmxmoney.com/article.php?newsid=7982039684847953&qm_symbol=EAST
(7) Thursday, September 5, 2019
https://web.tmxmoney.com/article.php?newsid=7712409307498280&qm_symbol=EAST
(8) Thursday, August 15, 2019
https://web.tmxmoney.com/article.php?newsid=7302971490131866&qm_symbol=EAST
(9) Thursday, August 1, 2019
https://web.tmxmoney.com/article.php?newsid=7107544760442013&qm_symbol=EAST
(10) Thursday, June 27, 2019
https://web.tmxmoney.com/article.php?newsid=4734177862724476&qm_symbol=EAST
(11) Tuesday, June 25, 2019
https://web.tmxmoney.com/article.php?newsid=4786838535208688&qm_symbol=EAST
(12) Monday, June 24, 2019
https://web.tmxmoney.com/article.php?newsid=5157653251215317&qm_symbol=EAST
Major Brands:
(1) Sangsters
Sangster's is an award winning, Canadian, natural health retail franchise system with over 40 years in the Health & Wellness industry.
https://sangsters.com/
(2) Earth’s Menu
Earth’s Menu offers delicious and nutritionally dense hemp food products to support health and well-being.
https://www.eastwestscience.com/earths-menu/
(3) Natural Advancement
Natural Advancement is a Canadian pioneer in premium hemp health supplements and is the first brand in Canada to bring the health benefits of hemp to consumers through a natural health supplement.
https://naturaladvancement.com/buy-products
(4) ChanvreHemp
ChanvreHemp brings hemp’s health benefits to consumers through sophisticated and natural, hair care, skin care and body care products that focus on pure and clean ingredients for consumers.
https://chanvrehemp.com/
(5) Natural Pet Science
Natural Pet Science offers premium pet products that incorporate hemp, crickets and other earth-sourced ingredients for natural pet health support and gives pet owners safe and wholesome products for their pet’s best care.
https://naturalpetscience.com/
(Disclaimer: this is only the information I have read. It is NOT any investment advice. Do your own DD.)