20:33:05 EDT Tue 30 Apr 2024
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Sweet Earth Holdings to roll back shares 1:8

2023-04-19 14:28 ET - News Release

Mr. Chris Cooper reports

SWEET EARTH ANNOUNCES SHARE CONSOLIDATION

Effective April 24, 2023, Sweet Earth Holdings Corp. will consolidate its common shares on a one-to-eight basis. The name of the company and trading symbol will remain the same after the consolidation. The new Cusip number will be 87039X307 and the new ISIN (international securities identification number) will be CA87039X3076 for the postconsolidation common shares.

The company's postconsolidation common shares are expected to begin trading on the Canadian Securities Exchange on or about April 24, 2023. The total issued and outstanding number of common shares postconsolidation will be approximately 2,802,956.

Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the company. All registered shareholders will be required to send their respective certificates representing the preconsolidation common shares, along with a properly executed letter of transmittal, to the company's transfer agent, Odyssey Trust Company, in accordance with the instructions provided in the letter of transmittal. All shareholders who submit a duly completed letter of transmittal, along with their respective preconsolidation common share certificate(s), to Odyssey Trust will receive a postconsolidation common share certificate or direct registration advice representing the postconsolidation common shares.

About Sweet Earth Holdings Corp.

Sweet Earth is a vertically integrated farm-to-shelf hemp grower with a farm in Applegate, Ore., that maintains a full line of hemp and CBD (cannabidiol) products for the U.S. and global markets. Its products combine CBD with herbal and organic ingredients, all of which are selected for their beneficial properties to soothe, rejuvenate and reduce inflammation. In addition to high-end finished products, Sweet Earth prides itself on sustainability by minimizing the use of plastics in both production and packaging.

Sweet Earth maintains a portfolio of skin and body care products that includes facial, men's, spa, hemp and muscle products that are sold on its website.

Sweet Earth operates a proprietary on-line shopping portal for discerning pet owners offering pet treats comprising high-quality ingredients, which are further enriched with CBD and vitamin E. The treats are sold on its website.

Sweet Earth has created a line of CBD prerolls that are made from 100 per cent naturally grown U.S. hemp flower that is rich in non-intoxicating cannabinoids like CBD and cannabigerol (CBG). The prerolls are completely free of tobacco, nicotine or additives. The prerolls are also rich in terpenes, like pinene, limonene and myrcene, and are sold on its on-line portal.

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