CALGARY, AB, June 26, 2024/CNW/ - The Hempshire Group, Inc. (TSXV: HMPG) ("Hempshire" or the "Company") advises that its annual general meeting of shareholders will be held on Tuesday, September 17, 2024 at 10:00 a.m. (Mountain time). Details of the agenda and a link to the meeting will be included in the Company's management information circular to be mailed to the Company's registered shareholders and filed on SEDAR+ in connection with the meeting.
Hempshire also provides an update with respect to the management cease trade order (the "MCTO") issued by the Alberta Securities Commission (the "ASC") on May 9, 2024. The MCTO was issued in connection with the filing of its annual financial statements, management's discussion and analysis and related certifications for the financial year ended December 31, 2023 (collectively, the "Annual Filings"). The MCTO does not affect the ability of shareholders who are not insiders of the Company to trade their securities.
The Company went through a CFO transition which has caused delays, however the Company is continuing to work on the steps required to complete the Annual Filings and its interim financial statements, management's discussion and analysis and related certifications for the three month period ended March 31, 2024 (the "Interim Filings") and expects to file the Annual Filings and the Interim Filings by July 12, 2024. The Company has requested that the ASC permit the MCTO to remain in place until July 12, 2024
The Company is providing this status update in accordance with the provisions of the Alternative Information Guidelines set out in National Policy 12-203 Management Cease Trade Orders.
The Company also announces it has received the final acceptance of the TSX Venture Exchange with respect to the debt settlement transaction disclosed in the Company's May 21, 2024 press release.
The Company confirms as of the date of this news release that, except as disclosed in this news release, there has been no material change in the information contained in the announcements issued on May 1, 2024, May 21, 2024 and June 10, 2024 and there is no other material information concerning the affairs of the Company that has not been generally disclosed.
About Hempshire
Hempshire formulates and markets its own proprietary brands under the MOUNTAIN® Smokes brand name, including MOUNTAIN® Originals hemp smokes with <0.3% THC.
Information about the Company's MOUNTAIN® Smokes line of hemp smokes can be found at the Company's ecommerce website at https://mountainsmokes.com.
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.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly, and without limitation, this news release contains forward-looking statements and information concerning: Hempshire's business, strategies, expectations, planned operations and future actions; the anticipated filing of the Annual Filings and the Interim Filings; and the timing of the Company's annual general meeting.
Hempshire believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Hempshire can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to inherent risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed.
SOURCE The Hempshire Group, Inc.
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