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SEATTLE, WA - TheNewswire - April 2 0, 2026 - N evis Brands Inc. (CSE: NEVI) (“Nevis Brands” or the “Company”), a leading provider of cannabis-infused products including the Major™ brand, announces its election to adopt the policies outlined in the Semi-Annual Reporting (“SAR”) Pilot Program. This transition utilizes the exemptions provided under Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the “Blanket Order”).
The SAR Pilot program, implemented under the Blanket Order, allows eligible venture issuers listed on the Canadian Securities Exchange (the “CSE”) to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, Nevis Brands aims to reduce the administrative and financial burdens associated with quarterly reporting, allowing the Company to focus resources on its core business.
Nevis Brands’ fiscal year ends on November 30. Under the SAR pilot program, the Company will not file interim financial statements and related Management Discussion and Analysis (“MD&A”) for the three-month period ending February 28, 2026 and the nine-month period ending August 31, 2026.
Nevis Brands will continue to fulfill its primary reporting obligations, which include:
Six-Month Interim Financial Reports: Due within 60 days of May 31, 2026.
Audited Annual Financial Statements: Due within 120 days of Nov 30, 2026.
The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. Nevis Brands remains committed to transparent and timely disclosure and will continue to report all material changes and significant developments—such as new territorial license agreements —as required under National Instrument 51-102 – Continuous Disclosure Obligations .
This news release is being filed pursuant to Coordinated Blanket Order 51–933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers .
About Nevis Brands Inc. Nevis Brands Inc. is the developer and owner of leading Intellectual Property related to marijuana-infused products. The Company’s flagship brand, Major™, offers a variety of cannabis-infused beverages designed for the legal adult-use market. Nevis Brands focuses on licensing its IP and expertise to local manufacturers and distributors in legal territories to ensure high-quality production and widespread availability.
Contact Information: John CEO, Nevis Brands Inc. Telephone: 206-510-2941 Email: john@nevisbrands.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement Regarding “Forward-Looking” Information Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Investors are advised to consider the risk factors under the heading “Risks and Uncertainties” in the Company’s Form 2A, available at www.sedar.com for a discussion of the factors that could cause the Company’s actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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