12:09:29 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Stickit Technologies Inc
Symbol STKT
Shares Issued 126,244,733
Close 2024-01-15 C$ 0.10
Market Cap C$ 12,624,473
Recent Sedar Documents

Stickit hires CHF Capital Markets, ITG for services

2024-01-16 15:53 ET - News Release

Mr. Eli Ban-Haroosh reports

STICKIT TECHNOLOGIES ENGAGES CHF CAPITAL MARKETS AND ITG INDEPENDENT TRADING GROUP

StickIt Technologies Inc. has retained CHF Capital Markets Inc. and Independent Trading Group (ITG), effective immediately.

The CHF services agreement for investment community outreach, corporate communications, and digital marketing is for a 12-month period with quarterly reviews and may be subject to termination with two months' notice. Under the terms of the agreement, which is subject to the Canadian Securities Exchange (CSE) approval, CHF will receive a monthly retainer, reimbursement of any expenses incurred, and an incentive stock option to be made available with terms (length and vesting periods) similar to those of Directors and Insiders. Upon termination of this contract, the options will expire in 30 days.

ITG will trade shares of the Company on the CSE/ NEO/ TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. No performance factors are contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

"Engaging CHF Capital Markets and ITG is an important step in our journey to bring our unique, patented cannabinoid technology to the forefront of Canadian investors' minds. CHF will be a strong and trusted ally in delivering our story to the investment community. Working together with ITG, experts in market-making, allows management to focus on building the business," said Eli Ben-Haroosh , CEO and Director.

About Stickit Technologies Inc.

Stickit Technologies Inc. operates as a cannabis company. The Company offers smoking utensils made from condensed cannabis oil in a specific matrix that gives the product its rigidity, similar to a toothpick, that can be easily inserted into any regular cigarette. Stickit Technologies serves customers worldwide.

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