TORONTO, March 29, 2019 /CNW/ - DionyMed Brands Inc.
("DionyMed" or "Company") (CSE: DYME), a multi-state cannabis brands platform, announces that Hometown Heart, a licensed
California delivery service managed by DionyMed, has terminated its relationship with customer
acquisition provider Eaze Technologies, Inc., formerly Eaze Solutions, Inc. ("Eaze"). Following a review of certain of
Eaze's business practices, the Company was unable to confirm that Eaze's credit card payment processing methodology met
regulatory compliance requirements.
Hometown Heart's termination of the Eaze relationship may have an impact on Hometown Heart's revenue in the short term, as
Hometown Heart was receiving approximately $2.9 million of revenue per month having a contribution
margin of approximately 8% from orders placed through the Eaze app. The Company is actively working on several strategies to
replace this revenue.
To be added to the DionyMed e-mail distribution list, please e-mail DionyMed@kcsa.com with DionyMed in the subject line.
About DionyMed
Founded in 2017, DionyMed is a multi-state cannabis brands platform, supporting cultivators, manufacturers and award-winning
brands in the medical and adult-use cannabis markets. DionyMed sells branded products in every category from flower to vape
cartridges, concentrates and edibles. DionyMed serves cannabis consumers through retail dispensary distribution and
direct-to-consumer fulfillment with its growing portfolio of award-winning brands. Learn more at dionymed.com and follow @DYME_Inc on Twitter and LinkedIn.
Forward-Looking Information and Statements
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe
harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical facts or information or current condition, but instead represent
only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain
and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified
by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and
phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved".
By identifying such information and statements in this manner, the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different from those expressed or implied by such
information and statements, including but not limited to: not being able to attract new customers and additional costs of
attracting new customers, and certain other risk factors set out in the Listing Statement of the Company available on the
Company's profile on SEDAR at www.sedar.com.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the
forward-looking information and statements are reasonable, undue reliance should not be placed on such information and
statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this
press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral
forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in
its entirety by this notice.
SOURCE DionyMed Brands Inc.
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