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Ryah Group receives first comment letter from OSC

2023-02-06 19:17 ET - News Release

Dr. David Richards reports

RYAH GROUP INC. - FAILURE-TO FILE CEASE TRADE ORDER-RECEPTION OF FIRST COMMENT LETTER FROM THE ONTARIO SECURITIES COMMISSION

Ryah Group Inc. has received the first comment letter from the Ontario Securities Commission regarding the failure-to-file cease trade order issued under National Policy 11-207 -- Failure-to-File Cease Trade Orders and Revocation in Multiple Jurisdictions and Ryah's application for relief from Section 144 of the Securities Act (Ontario). The OSC have requested further clarification on the documents submitted to date.

As announced in late-July, 2022, the Ontario Securities Commission (OSC) issued a failure-to-file cease trade order (FFCTO) on the trading of Ryah Group's subordinate voting shares listed on the Canadian Securities Exchange. This FFCTO is still in place.

Ryah management endeavours to address the various comments as soon as possible, and formally respond to the OSC. Management will remain pro-active in answering any further queries from the commission and hopes to obtain the revocation of the FFCTO as soon as possible. Ryah will keep investors updated with regular news releases.

About Ryah Group Inc.

Ryah is a global big data and cannabis and other nutraceutical delivery technology company enabling valuable artificial-intelligence-powered predictive analytics of the efficacy of plant-based medicines and other substances administered through its Internet of Things-connected devices, including the world's only Smart Inhaler and Smart Patch.

We seek Safe Harbor.

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